George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
No explanation, didn't realise it was so easy to suspend trading, must be a CS/LC thing
And which direction is that ? destination fcuk'd, have you been asleep for the last 10 years ?
There's more questions than answers in that RNS, typical LC style. 2 POC ordered by 30th June, explain ordering something where the concept hasn't been proven yet? Just a load of unsubstantiated drivel suitably timed to coincide with the Zim solar fiasco. mmm I wonder why that is? How about delivering on something that has actually had millions of $$ of shareholders money wasted on over the years, before wasting even more on what are no more than pipe dreams that line the coffers of your mates Louis.
More delays, I wonder if it will transpire that Broomfield are not the owners of Brownhill and can't actually sell it. mmm sounds a bit like Blyvoor all over again .
RTOK.... What is that an acronym for Reverse Take Over Kibo by any chance? Are you Louis by any chance? if you aren't I think you live on a parallel universe with him.
I do think you are right in as much as there will be a large interest in the placing at 5p, however the placees will be long gone with their cups overfloweth long before we see anything anywhere near that price.
Would love to be wrong, but the last 12 years speak volumes. I remember KAT was an RTO too, well he f****d that one up too.
(equivalent to 0.5p pre consolidation). read the words "PRE consolidation" , i.e. NOW the price is 0.16
Post consolidation the price will be 5p and you will have 1/10th of the number of shares .
At today's share price 1,000,000 shares are worth 1,000,000 x £0.0016p = £1600
On the 29th or whenever you will have 1/10 of the shares you had before, so you will have 100,000
your 100,000 shares will be valued at £0.05p each, making your 100,000 shares worth on paper £5,000
Now the question is, how long they will remain at 5p or will they crash on the mass exodus, but even if they crashed 50%, your holding will still be worth £900 more than it was before consolidation.
I would think that the share suspension and the consolidation, but more so the suspension is very troubling for some people as they may have had shorts open and they are very exposed, on the other hand there will be a lot who didn't expect this and have little or no holdings and therefore have missed out as the free float shares will be hotly contested as a result of the consolidation. Now it's your guess as good as anyone's what happens, but I wouldn't rule out the price going north of 5p.
Greeze
update your web browser and that will solve your problem
mmm, i wonder if there is something going on in the background that we don't know about
Doh, trading suspended
you'd think that with the support this project has and the significance of it, they could have done a better deal than a 18.5% discount. Not really very good imo
They are in contact with the service provider as to why it's not loading properly
sounding deal to me, actually bloody brilliant , biggest issue of funding seems to be covered.
...almost ,
done deal
why would you think that, numpty
You're not very well informed then are you Jax, keep guessing, you might be right one day
500m wow i missed that one
Another LC F*** Up, however you polish it up, this was once a $US750m asset as he stated himself.
Let's see what the next week or so delivers
I think you know the answer to that D