George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Https://www.investormeetcompany.com/investor/meeting/investor-presentation-378
This is my take only. I have been here since 2011, have heard it all, have lost lots (on paper at least) and am still in dispirited mode, hence my downbeat review. However, on a positive note, we are in safe hands and if I were a brand new investor coming in at these prices and didn't mind being locked into this price for the next 1 to 4 years, I would be a happy man today....
Nothing really that you haven't seen or heard already to be honest. Yes it satisfied the questions around financing, so that helped me to breath a sigh of relief and with backdated £8m from Calvally, which will be used to fund any additional work to get through the CP funding process for Phase 2, I am further reassured, as Phase 2 is key to the ongoing success of the project, the company and we little people!.Where I am frustrated is that Graham finished by saying they hope to get all funding completed within the next 6 months! So much for the Phase 2 conditions having to be met by end September (according to RNS), or am I missing something? So of course no timelines could be given for anything until both P1/P2 funding is agreed and available (fair enough) but the mood music wasn't optimistic on timings apart from drilling TE4 Horst which they say they want to get their teeth into as soon as P1 funding is concluded (whenever the 45 day period is over and funding released) - but he did caveat this by saying they do have a year before the need to drill. Sidi Moktar - same old story (we need to get the seismic done before we drill and need to get permits sorted first) It was John Argent who told me in about 2016ish that they were in advanced talks with a number of farm in partners to do this work (tumbleweed still passing through that area) but Sound have buried any questions on this for years so I'm still not convinced they actually see any value in this concession other than the gravitas it gives for potential investors in Sound. First gas - having changed timelines about 4 times on this now in the last year (remember when it was late 2023, then early 2024, then Q1 2024?) well this time they just said "2024." Phase 2 - There are some issues with some components that they are a little behind with, which I read to mean "Get ready for another delay to net revenues from 2026 to 2027.. I have no evidence to support this but there was no "Firm" commitment/s to get this back on track and no commitment to refresh the date (Of course I want them in catch up mode but experience tells me otherwise). I also cannot see a clear path to drilling SBK and Anoual. They say they are or have been talking to other farm in partners but that's all we got really so very poor on that front and where was John Argent to give an update on his drilling prospectus? As ever with these events, there are more questions than answers even though I do understand they have to be careful until funding/FID is approved, I always feel they purposely don't commit to certain timelines, as they are invariably wrong. Once the financing is in place, they will have nowhere left to hide!
Large sells have been pushed through for weeks now, so someone/body has been keen to take out their investment. I'd love to know who it is and when it will end but I guess until it stops the SP will continue to fall.. That's the markets!!
The pattern suggests one large holder. What's the likelihood of many people selling exactly 1m shares at a time? I suspect whoever it is can only get a price on a max of 1m and is drip feeding them in, as and when the buys are available to match.. Without these large sells, the volume wouldn't actually be that high but perhaps the SP could have been sustained at 2p+ level. As you say rubber, not an issue just an observation.....
Says all we need to know a this point really.....
Ferrexpo PLC - Swiss-headquartered, Ukraine-focused iron ore exporter - Resumes production in central Ukraine, following a temporary suspension announced October 11 due to Russian missile strikes on state-owned electrical infrastructure. Says repair work has progressed to allow for partial resumption of production, although supply of power remains variable.
Ferrexpo is focused on drawing down on its stockpiles of finished iron ore products to maintain supplies to its customers. It says it has been able to use these stockpiles to ensure a consistent supply to customers since the event, and has sufficient stockpiles to meet demand.