George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Another poxy share purchase from the CEO SS that is a fraction of his salary to keep the gravy train running. Change the board asap. How do we get rid of him and at least get someone in who will give it a go to turn this stinker round as if they don't we only heading south anyway !
This company just needs a change of leadership IMHO. The reason is down to the management or miss management by people who don't care about the company or its shareholders. This will just continue dropping till its sinks into bankruptcy and SS then gets to retire with all our hard earned cash for doing a truly awful job. Anyone who promotes this as a great investment is just ramping a dead dog and no streak of humanity. There may some day traders who can scratch out a profit but the majority will just lose money. these are my opinion after being in this share for to many years. I am more than open for someone to fill me with positivity but can't see how they can confirm any level of turn around. Just look at the graphs and you don't need to be Einstein to figure out its a swizz and someone is stealing your money to fund there extravagant lifestyle at the PI's expense and the wort thing is that they have no shame.
Sticking the money where the sun don't shine would be more useful and atleast you could get it back at some point. I am currently 93.3% down on this donkey with no point cashing out now ! swerve it simple as
If the IP is so valuable and the pipeline of products are the same surely one of the big pharmas could buy the company from underneath him without him being able to do anything about it. Yes a TR1 would clarify what they were up to but I am sure there would be ways of masking that till they had enough of the shares to just take it or at least a big chunk of it ?
Vlad has made a monumental mistake using Mint as finance provider. They will take this down without blinking and if anyone thinks they would be interested in providing another 48 million they are very much mistaken as the value of the company will be so low he will be lucky to get enough for a bus ticket home. He has either been badly advised or ignored the good advise he was given.
Vlad,
you promised so much in return to us PI's and it would appear your decisions at best will allow your company to be taken away from you or at worst be no more. Does anyone seriously think he is registering the magnificent spiral of the SP when a month ago we were all waiting with baited breath for the deal to go through with EL Global co and counting the money.
Valid point and hadn't considered that they may put an NDA in place to allow further negotiations but surely if its signed that would have an affect on share price unless we are looking at another extension while the numbers are drilled down.
Troll hunter I am certainly not a troll as I have an average of 1.9 and about 11k in this which to most may not be a lot of money but for to lose 90% plus hurts. How do you see this turning round as would love some positivity about this company. Do you have confidence in SS to steer this to success ?
Excuse the simple question but had originally assumed news had to come by the end of December but was kindly corrected by a far more knowledgeable investor here that they had an additional three months to complete the process. Is the 11th of April D day and an announcement has to be made by then or is there flexibility in that date as well ?
Beggar's believe people are still hear talking about what in principle a really sick company that if it was an animal it would be put down out of sympathy for the pain that it was in. How can anyone think this dead duck is going to rise again and repay the hard earned cash and faith of investors. SS doesn't care about the PI's or the company in truth otherwise he would have skin in the game and doing all he could to turn the ship round. He would have more chance of doing a three point turn in the titanic down an average back alley in any northern town in England. He should be called to account and sacked straight away rather than taking his ridiculous wages and bonus's which in my industry are only paid for success in your endeavours.
I just thought I would pop my head in to see what was happening. I am really surprised there is still life in here. I really expected a large amount of tumble weed to be blowing through but still people on each side of the fence unbelievably. Either people have been totally brain washed about what Mr Sanderson is capable or very cynical people trying to lift the share value (HaHaHaHaHaHa) to a decent exit point. Good luck with that and for the comments likely to arrive from this. I hope you are right because would love to get my money out !!!!!