George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Wigster - thanks, took the words right out of my mouth. There have been many instances of large falls following RNS's that have been about delays.
Supersport, just cast you eyes back to May 22nd last year. RNS wasn't actually that bad, but it was further delays. SP fell from 6p+ to I think mid 4's on the day, then continuing to fall into the 3's within a month.
Investor33 - I'm not saying that. I'm saying (IMO) I think it is now less than a 50% chance that MB will announce at the AGM that we are about to start producing oil, and that instead we are still facing delays.
Mid April and still nothing. The AGM has to be very positive, i.e. we are (or about to) start producing oil. Any further delays or excuses whatsoever will IMO mean the SP falling 30%+ on the day. And also very likely a raise. To reiterate for those with a sub par IQ - I do not want this to happen. But I am concerned and IMO now below a 50% chance that we’ll get the unequivocally good news we need at the AGM.
TFG have 28.15%. I'm not sure why they didn't bother to spend the extra £185k to get up to 29.9%, given they must be in for c.£60m anyway. In any case, they could've bid for SNG a long time back and haven't.
As for a lowball offer, I know many on here have significant holdings and wouldn't give up their shares on the cheap. Given any bidder would need 90% of shareholders to agree, good luck with that.
Exactly one year ago: “I know where MATD going 50-100p & how fast this move so just have relief to hold all my share already”
Sound familiar?!
“maybe some point next week we get to find out”
More slippage from Cyberplonk! It’s now maybe next week 🤦♂️
I am confident dividends are many years away, if they happen at all. And asking the question right now, MB will simply say they have no intention at this stage of paying dividends and all available cash will go back into the business to grow it.
Thanks, Wigster.
“…sponsored by the UK’s Department for Business and Trade (DBT), specialising in helping overseas companies set up and invest in the UK and assisting UK companies to succeed in global trade…”
This could still go pear-shaped. But also still plenty of positives that could happen. Our P2’s, Universal leading to something more, Janssen’s involvement, a platform trial, another pandemic, a curveball bid or one of Spacman’s many postulations. We’ll know soon.
We don’t know if today was a pump and dump special or if there is something genuinely going on. Or of course maybe just a bit of excitement after so long of absolutely nothing.
But the P2’s really must be close. Whatever, the silence can’t go on forever, even if it’s bad news that we end up getting. I’m going for positive though. Wigster reminded me earlier that last year we were chosen as some UK innovation partner… can’t recall the details. But maybe all the recent news with UKHSA could be linked in some way.
“Let's see this break 5p next few days, RNS must be with us soon, 6 weeks now since last RNS so can't be far off, realistically this is a any day now scenario up to AGM”
But Cyberplonk, you said RNS this week, so not any day… tomorrow or Friday?! And surely they wouldn’t release the mega RNS on a Friday and lose momentum over the weekend. So, it has to be tomorrow!!!
“ the fact that it was specifically mentioned in the RNS that the governor might try to block the issue of the LP is reason enough to believe that this is a significant risk.”
This ^^^
Bob - it took me a few days to shake off the hangover after the AGM last year. I shudder to think how bad it would be if we actually had something to celebrate this year!
It’s just nice to have something tangible and positive to discuss. Still a shame it’s had to be dug up by some of the great members on this board and not delivered to us by Synairgen themselves, unless of course they really do have something big going on behind the scenes… 🤷♂️
“ BUT
I expect RNS to be FULL OPERATIONAL UPDATE with DRILLING /FIELD DEVELOPMENT SCHEDULE”
If we don’t get this on or before the AGM, the SP will surely crater.
SP is up? It’s 3.6/3.8p.
“We are hopeful that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area, will not disrupt in any way the District's approval process, but we remain vigilant….Discussions with PetroChina for transport, processing, storage, export and sale of the Company's early production are also ongoing.”
These for me are the key things from the last operational update. Hopeful the provincial governor doesn’t mess us around, but his track record suggests he will. And talks with PetroChina that are ongoing. This definitely needs to have been sorted by now and confirmed latest at the AGM, otherwise I’ll assume PC are also, for whatever reason, deliberately holding things up. It shouldn’t take that long, considering they have been discussing this for quite literally years.