George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
SQZ now have a bit of egg on their chins looking at the KIST share price!
What a pity MF and the other useless directors at SQZ couldn’t find a happy middle ground with AA to form a monster of a company on happy terms for all holders. Guess it explains exactly why they were in this situation to start with, GLA
I’d be more than happy to receive a split of cash and of course shares in the new bigger and better company. Don’t forget AA did 42x returns on Rockrose. The new entity would be a monster and have enough cash flowing in to become a FTSE250 company. I’m sorry but recent performance has indicated that MF doesn’t have the minerals to take SQZ to the heights that I anticipate AA would, the guy is a proven deal maker. I just hope they reach a ‘fair’ agreement!
Don’t forget if NE is a duster which is odds on, SQZ share price will be about 300p relative to the kist offer of 425p!
That’s a great offer to be fair at ATHs, a yes from me.!
Share price is telling its own story. Looks like game over for SQZ
Looks like KIST has SQZ on the ropes. Todays RNS is desperate and kist will be back with an ‘improved’ offer, owing to their sp increase and our cash accretion making a revised offer more favourable.
One thing to consider is that the NE drill is more than likely to fail than it is to succeed. A duster could see the SP take a significant hit here (if only temporarily at least!), but if KISTs sp continues to increase it could make a revised offer look all the sweeter for a lot of major SQZ holders.
I imagine AA will come back with a revised offer. I’m a fan of SQZ but would be delighted for AA to take the lead. All we are currently doing is sitting on an obscene amount of cash.
At the investor meeting Neil referenced the fact he believes there are up to 7 stacked lodes in our acreage down to 700m, of which the last set of drilling tagged the second lode which we are awaiting the assays for. Great results on the horizon here
Correct. It’s still very early in the journey here but it looks like they’ve got a very valuable asset. Current mcap of £18m - my conservative target is £50m-£80m mcap by the end of stage 2/3 drilling this year if the mineralisation continues during the step out wells. Still open along strike and dip… exciting times and plenty of running room.
Remember Coffey in the south of the tenement where drilling is currently focused (and the initial JORC resource was assigned) is also only 1 of 3 leads on the license. There is one in the NW and NE which showed the same type of EM anomalies.
GLA
Important thing to note is that these amazing results are only from only 1 of 3 gold anomalies identified on the licence. The JORC targets are going to be obliterated here. Sit and wait
Whatever happened to the 4 billion barrels of oil at Icewine 2? Brushed under the carpet swiftly by good old duster Dave.
My personal favourite was the ‘no oil - oil - actually no oil’ episode at Winx with red emperor
Closely followed by ‘we’ve made a discovery at Merlin, but the tool conveniently broke so we will raise a bunch of cash and drill somewhere else next season’ saga which has been compounded with another duster here at Merlin 2.
Perhaps the stranded condensate at Charlie or 150bopd from Umiat will become commercial if oil hits 300$ a barrel?
Still, despite all the disasters the company is valued at a staggering £127m market cap, with a new crop of US based bag holders. Rinse and repeat next year for a bit more ‘nearology’ based hyperbole from PANRs results at Talitha, a cash raise, and another duster.
How many posts will resident rampers ddraig and bumbard have by then??
Over 60% down in the last year. Death spiral financing. Dilution at this derisory level. All the China jam is just a distant memory now. VRS mark 2.