George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Yeah, I'd bin me too.
I'm only questioning why somebody with potential inside info was allowed to sell 1% of our company with the BOD knowing and wiping 400 MILLION QUID off our MCAP in 15 mins. If you don't think that is a concern then crack on.
Maybe what I should be doing is talking like a pirate, telling everyone to go all in and that we'll get £3.50 a share on Monday for our company, that definitely has X amount of proven reserves and Y amount of bidders all fighting to get us.
After all we've got II's invested so we must be good, they are definitely researched and picked by hand and not there because they have to as part of index tracker algorithms.
For a discussion to take place you need both sides of a debate, you'll notice all the other boards on this site are full of actual adults mainly having adult discussions. Filtering out one just leaves an echo chamber and that's not good for anybody.
The open-pit West Kytlim Mine is the second largest alluvial PGM reserve in the world and produced 165kg of platinum in 2018.
The Mogalakwena mine has estimated reserves of 264.9 million oz of platinum. The mine produces around 310,000 oz of platinum/year.
Alluvial means the rocks were dumped there by water. Mogalakwena is not an alluvial mine and West Kytlim is much smaller.
Hoochy, I explained this to you yesterday.
https://www.google.com/search?client=safari&rls=en&q=largest+alluvial+platinum+mine&ie=UTF-8&oe=UTF-8
It IS the "largest platinum mine of its type", but nowhere near as large as what you think.
You aren't thinking.
Get your anonymous dodgy mate to sell them for, say, £6m. Pay back £2.5m (from the £8m) to your mate (he now has £8.5m) for helping you out. You've then got a nice £5.5m hedge against the deal not happening. Bear in mind these shares cost pennies.
It'll be easy to spot, you'll see them going through the market.
friendsps, who is the client, in that case?
We'll never know because it was 0.99% of the company shares sold. 1% would mean they have to publish their ownership. There are too many unknowns not adequately answered by that RNS, the company must agree hence why they are investigating it.
The stop losses is a separate issue, it's awful for anyone stopped out that had to get back in higher.
I'm not interested in nor need apologies.
People should look at their documents and all available information and then make up their owns minds. There is no way they have spent 40% of their cash reserves on one stock so that last RNS creates more questions than it answers. That's all I am saying.
I might be a cynical old twonk, but I'm like that because I have seen stunts pulled on AIM before. That sell changes the risk/reward ratio for me until it is cleared up properly.
lancer,
Now that you are on the website, click the contact link and see where they are based.
Secondly, the about us page tells you they were formed in what year?
Thirdly, do they advertise any funds on the site? Or are they a broker, specialising in transfers?
Finally, have a look at the Disclosures link and read the documents.
Not one thing I have said is a lie but suddenly people are referring to them as an old trusted II or a respected investment fund.
Shezer, that is a possibility.
Another one is that he knows the bids are too low, a sale is unlikely and he's now got 0.99% of the company off the radar so he can drip them into the market and pocket £x million before the sale falls through, to make up for the years he has worked without a salary.
Totally hypothetical, of course, nothing like this ever happens on AIM.
lancer, I presume you have read through all the documents on the Veles website? Have you looked up their office on Google Maps?
I'm not deramping, that last RNS didn't feel right to me. It's an avenue that needs exploring, in my opinion.
"Fact is would a very old russian investment fund buy 27 million shares of Alexi if they didn't think there would be a deal ?"
Veles is 25 years old, has $17m in cash and is based in a rented office in Cyprus. They are also not an investment fund.
Robert, didn't you post the other day about Veles being owned by the EUA guys? Something you couldn't even be bothered to spend 30 seconds checking.
I'm not sure you are in a position to be insulting towards and/or laughing at others.
No, I am not saying it's all doomed. I do think we need more clarification though.
Without that I won't risk my money in here, there are safer investments. I've never once told anybody to buy or sell or posted anything that isn't accurate. I still hold EUA in my SIPP but I can afford to wait many years for those, if the deal doesn't happen.
It's a discussion board, things should be discussed. Good and bad.
Guys, Gamestop was shorted by a staggering 140%. EUA has 0.6% shares on loan.
A short squeeze on any AIM stock simply isn't possible. In fact, it just won't work in the UK at all. Maybe CINE is the only possible candidate and even then it would be hard as heck to do.