George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I literally can’t wait for humble pie to be served up here to the doubters.
In the recent article it stated
Potential candidates who have the technology in the EDL have come to our launch of the call (…). There are nine companies that are currently selected, so they are going to sign this memorandum, "he said.
Key phrase - ‘…who have the technology’
In David Horgans most recent interview just before covid struck he stated
‘We are at the cutting edge of that technology’
He also went on to say referencing Peter O’toole (significant board member here in my opinion)
‘He’s the Irish console in Bolivia, he’s a highly respected contractor, he’s famous in the mining and road construction industry and in fact he built the roads that go to the salt lakes, so intimately knows the country, intimately knows the government decision making apparatus, and they know and are confident with him as they’ve given him contracts for decades now, and we think that combination of the diplomatic weight and practical experience on the ground, will be just that extra nudge we need to get a contract over the line’
Also in the same interview he mentioned
‘We are already working with some technical people who are geological experts and advisors to leading Chinese manufacturers, so there’s an excellence chance we’ll bring in Chinese partners that’ll give us access to market’
The fact there is now 9 companies is a massive confidence booster that one of those is going to be Clontarf. I have a very healthy position here as on this news you won’t be able to buy anything sub 0.5p IMO from open, and even if you could there won’t be any size available. I’ve got a sizeable position and I’ll await this news as all my research, links and hints points to a deal being done and i believe on that news we’ll be trading at least 1.5-2p range and even at 2p that would still only be a £17.5m MC. The potential upside currently hugely outweighs the downside imo.
Nice delayed 6m buy showing today, the largest trade we’ve seen for some time. Patience certainly required here, but on the right news this could definitely do multibags from such a low market cap starting point. We know the real big news is the Bolivian lithium or Ghana, but also potential news could come from Nigeria or Chad
Nice delayed 7.5m buy showing delayed from Friday - before calling it a sell, check the spread at the time of that trade and also the fact the BID didn’t touch this level it’s clearly a big buy - very interesting indeed
Actually looking at the warrant exercise, 10m broker warrants were exercised at 0.2p on 15th Feb and a further 24m at 0.25p on the 19th Feb, this for sure could have created a bit of an overhang. As you stated the share price started to come off directly after those dates. It’s been 5-6 weeks since and lack of selling yesterday coupled with a very strong bid suggests we are about to see the next wave higher all IMO
Why would it put an anchor on it if they exercised warrants at 0.4p? The only way it would put an anchor on it is if those warrant holders were selling sub 0.4p, which if so I stand by my comment, as they would be doing so at a loss. Warrant exercise won’t hold the share price back, unless those warrants are being sold, I would agree if the share price was around 0.5p level but not sub warrant exercise price no
Indeed I did, hence the ‘in their right mind’ comment.
I for one wouldn’t cash in 0.4p warrants when the share price is sub 0.35p when I would be in a 15-20% loss straight away when I could just buy in market, so any ‘sane’ warrant holder would wait until share price is comfortably above 0.4p.
Also check the volumes out from the 0.5p peak a few weeks back, they’ve been relatively low which has seen a drift back/consolidation period, yesterday marked a breakout and I expect that to continue in the sessions ahead into the IPO catalyst in a couple weeks
Anyone exercising warrants at or below 0.4p will be holding them for future gains, it makes absolutely no sense to buy something and instantly be holding a loss, ie, when those warrants were exercised the share price was below 0.4p and instantly the warrant holder is at a loss, may aswel buy them on market
Lastly the company has plenty of warrants which once the share price is comfortable above 0.4p will see them funded for the foreseeable future, almost 450m of these warrants are due for expiry in May this year - so if they are to be exercised the share price needs to get a shift on ASAP
Also loads of trolls on this board and rightly so given the past of this company. People talking about MAST £5m not going far, KIBO past, LC salary etc etc.
All of this is totally irrelevant to me.
The company as it currently is today, is undervalued by at least 100%
£12.75m worth of MED shares at IPO price - potentially going to be higher on first day of IPO, but let’s just say £12.75m for now.
KAT £2.1m worth
So roughly £15m of value without anything else attributed.
£15m into 2.35b shares = 0.64p per Kibo share
MED alone attributes 0.54p per share of value
This should now build into IPO in a couple of weeks and I have a feeling could go bang busters on MED IPO as they are in a hot sector clean energy
Clearly you don’t understand how warrants work, no warrant holder in their right mind would want to cash in 0.4p warrants whilst share price remains at or below 0.4p, for those warrants to be well in the money the share price needs to be 0.5p+ imo
results now in a couple of weeks - encouragingly this statement...
‘The audit process is close to completion, and no issues or concerns have arisen.’
Which may ease a few concerns about the delays. I also look forward to the current Trading update within
Lombard had 17.03% which was 221m
Volume yesterday 150m and according to today’s TR1 they sold 114m to end up with 8.24% or 107m - I’m presuming there are going to be a few big delayed trades show up over the next few days to account for these sells.
Today’s volume was 97m so let’s say they’ve shifted another 50m, again delayed trades to show IMO.
I reckon they have 50m or so left which if we get another decent volume day tomorrow, should make for a very very interesting Friday run
Took a few myself yesterday, sold out previously after it broke below .3 previous support. Now back at another old resistance level around 0.18-0.2p which should now act as fairly decent support.
There’s clearly been a big seller the last couple weeks or so, I honestly don’t think it’s Myles, but I’m banking on whoever it is being very close to out now.
More contracts were promised in the coming months and it’s been 2-3 months since the last, again could be expecting another anytime.
£1.1m cash, £2.3m MC - we’ve seen some tech companies go on huge runs lately, will MOS be the next big mover from such a low starting point - good risk reward at this level IMO
GM - General Meeting where the issue of placing shares was approved and change in investing policy, and appointment of new directors etc
Clearly someone building a position here today, some of the biggest trades we’ve seen going in for a few weeks and a number of them, even when we see some large sells, 2 minutes later another 1m round buy went in! Wonder if they want more! Can see this testing 1p before news
We’ve seen the last week or so how little it’s taking to swing this red or blue on minimal volume - some news and it’s quickly testing 1p area IMO - £6k of trades today and +7%
Nice and quiet here atm, today was the lowest volume day since placing GM to approve placing and investing strategy change, sellers seem to have all but dried up at this level.
Since GM there has been almost 290m volume, of which almost all of that has been above 0.6p and upto a high of 0.85p, so anyone from the placing that wanted out has now done so and plenty of traders/investors in at these current prices and higher.
The placing was 130m, but Angus took 20m so only 110m went to retail, so in my opinion it has been completely churned through now, pre more Significant news flow which is key IMO.
Secondly the BID today was one of the strongest I’ve seen it for a while, I could sell my whole holding 3m worth at 0.632 in one hit (£19k) that’s a lumpy amount for a £1.5m MC company.
Looking forward to next news and seeing where the share price goes from there. 1p would be a good near term target, it could be a sticking point but if 1p were to break, the jumps higher will become bigger and quicker as not much resistance up to 1.5 and then 2p
Name change done, opens the window to more meaningful newsflow now - since GM the entire shares in issue have been traded and more which should have totally cleared the placing, so it’s now set up perfectly for newsflow
6m buy show on ADVFN likely placed on Friday when we saw that strength and filled today. Sellers are being mugged here, I think there bigger things at play which I’m sure we’ll find out about shortly! Anyway that isn’t punt money £44k and nearly 3% in one hit.
Not showing on LSE atm as prices have been a bit messed up all day