George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Because he's moving in to the property on Saturday like he's said below, and will therefore need to get funds to his solicitor in the coming days to complete on the house.
Must definitely give peace of mind putting some of your profits in to bricks and mortar while still holding a big chunk
I'd be happy with £1.24 to convert numbers on a screen to hard cash to be honest. I understand it's worth a lot more but i'm looking forward to this wrapping up. 18 months ago I said i'd be happy with anything over 50p, a lot has changed since then but anything over 50p is a bonus
I hope you're right Arsenalles. Does seem a pivotal event the upcoming EGM hence Eurasia prompting shareholders twice on Twitter to vote in favour, I can't recall them doing anything similar since the sales process started, they've always seemed to manage everything themselves to which I've no qualms as they've done a brilliant job of getting it to this point. Perfect timing really considering the perfect PGM storm that's going to kick off as the world opens back up.
Lets hope this is it!
SteJ - I agree and I mentioned the other day that the company is in a far better position than it was 12 months ago. Everyone has their own opinion, but personally I'd like to covert at least some of my shares in hard cash via a sale or dividend in the next few months. I just really can't see UBS & CITIC walking away without a deal being struck considering the way the PGM market is going from strength to strength. Also believe the BoD will want to capitalise after a 20+ year graft, enjoy the fruits of their labour.
Completely agree Montmuzard. And no doubt under the advice of UBS who's experience is second to none in M&A. About time shareholders got some indication of the offers being put forward, we've been patient for 18 months, nobody but DLA Piper benefit from this running longer than it needs to. As PGM prices increase and the BoD continue to acquire more resource, EUA will be forever a moving target
Billions - you say ‘ The point is the BoD don't give a FF about the shareholders which is wrong.’
The point you’re missing with Eurasia is the BoD own 25% of shares, if you were half as clued you as you make out you’d have already known that
Madstork - and you think UBS, CITIC & DLA Piper are all just stood around numb getting tugged off by the EUA BoD without a happy ending? Get real, 3 companies of that calibre involved, 2 of a success fee basis and none have walked yet so to me that’s says everything I need to know. Prat
With you on hoping for a better week Ryan, would like to know where we stand in the next month or so this really has been a slog of an FSP but I’ve never been more confident of a positive conclusion! In hindsight the company is in a far stronger position than it was 12 months ago so fair play to the BoD they’ve done a sterling job but let’s see it over the line now.
Not reading up as much on here as I used on here, a lot of liars and wind up merchants these days. Fair play to those still flushing the worms out daily with the facts though. Still some solid information shared
It’s
-PGM prices at an all time high
- last non consolidated PGM deposits
- UBS, CITIC negotiating on a success fee basis
- Best BoD on AIM
- Business as usual until the FSP concludes
- Company with zero debt
- More resource on hands for Eurasia than you can shake a stick at
- Multiple bids being progressed to binding
- BoD holding 25% of shares
- BoD taking shares in lieu of salaries
Remain patient, company is in the best position it has ever been
Appreciate it’s up to 250 million shares but the company has managed to get this far with a few million knocking around, WK is in the best position it has ever been in so will be bringing income anytime now.
60 million is a significant amount all of a sudden I.e. it must be for something substantial IF and it’s a big iIF, that’s what happens.
IF the BoD are raising 60 million they must have a use for it, they’re not daft and not exactly desperate for cash so it would be another chess move in my opinion. Quite a lot of money to raise, I just hope it’s a move aligned with the companies strategic options and not to acquire more resource, they’re got more than enough to last a life time already!
Think billions, Hairy Harris (no sale) and Tigerbythetail play human centipede with Tom Winifirth but he’s always at the front. When they lose its 12 house in the boiler room to deramp Eurasia with poor agendas