George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Looking good value down here?
Primed for a bounce of some sort.
GL.
Well its great for PR but perhaps we are not charging enough for the units?
GL.
Well not great for me.
Last one 35p.
But it will fund the success of this company and eventual takeover.
GL.
Funds being used for the right reasons not working capital.
Not a great price but not a disaster.
GL.
From the RNS:
"The license agreement includes an upfront payment to the Company, along with a number of further payments conditional upon operational deliverables related to technology transfer and related publications."
Unknown as to how much 'upfront'.
Previous guidance was they were fully funded until mid 2024. (but who knows)
They are hitting very positive milestones increasing the commerciality of the company and thus the value of the company.
They will either be a successful profitable company or they will be taken over by a bigger fish!
Either at a substantial premium to todays mcap imho.
GL.
Yeah good progress but just seems so very slow.
GL.
Subway back on board !
GL.
Interesting concept!
GL.
Unexpectedly very good news!
Mcap < than 1m worth a punt?
"I am delighted with the support shown by our lender, the Spartan Fund Limited SAC. Echo is full steam ahead originating and negotiating multiple business development opportunities and we look forward to updating investors in due course."
GL.