George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Weren't we around 0.7/0.8p pre consolidation, which is 14/16p now? i.e. no impact.
We are well diversified so while Molopo posting negative results would be disappointing, it shouldn't have too dramatic an effect on the SP... I would hope.
"Sells today are most likely due to money being moved to isa's also watch this space as quite alot of people waiting till after 6th to jump in"
A good broker/IM should be switching/matching off these through the market at the mid price. I don't know if the likes of HL and the cheap and cheerful providers do this, though.
AGM deadline latest was 15th May so MB couldn’t leave it much longer, maybe another fortnight. If there’s still nothing material by then, i.e. Heron is finally producing or at least all but ready to, then I’d guess the SP will react accordingly.
Time to think of some questions to submit!
“Think few will get caught with pants down soon 😏”
Not heard that one before!
I’d say if we really aren’t producing oil by the end of this month, a raise will surely be on the cards, albeit they might not pull the trigger on it for a few months. They can’t risk leaving to too late… if they do, then the SP will drift lower and lower and they’ll never get the raise away at even a half decent price.
Clearly, I do not want this to happen. But as ever, the months just keep ticking by.
I don't think a raise was on MB's mind. However, it is prudent to make sure the business has enough cash to keep running, well in advance of it running out. We had cash until AT LEAST July, so let's be optimistic and say until the end of this year. Any sensible CEO would surely make sure funds were secured 6 months in advance.
Of course, MB and the team cut defer their pay or undertake some other cost saving measures while this process runs its course, in order to extend the cash runway.
In summary, it is imperative we get producing oil ASAP. We'll know soon enough because he can't delay the AGM much longer.
This is from another board this morning. But wise words…
“None of us " know where this is heading"
Many think they do. Stock movements are not predictable, and anyone who thinks they "know" is, frankly, misguided, or worse.
All opinions are welcome, especially negative ones, because they are the ones that should make us think, examine our convictions, and constantly reassess our views.”
Cyberplonk, people are allowed to change their minds. I remember one member on here who was very critical of the Mongols, just like avo333, but he’s now super positive about the situation. Here was his post just back in December:
“do you guys here really think that matd will actually exploit oil? i don't think the mongolian locals will let you, these guys are. so dumb they wil over look the fact they will suffer long term and die out due to now investment in their country, this is just a dumb vs dumb situation, i think matd should pull out and tell the world don't invest in this sill **** country and let them ******* waste away”
I actually reckon Molopo drills will come back negative, but I've not bought in solely for Molopo. I still think this will head north from here.
I think it was determined that they have to hold one within 15 months of the previous AGM. Last year it was 15th February, so I’d guess we’ll get notice end of April for a mid May AGM.
MB presumably leaving it as long as possible in the hope we get positive news. However, March has already come and gone for what was for some supposedly one signature that will take a couple weeks.
Fingers crossed for April, I guess.
Hi guys, just catching up here. Stas - are you emailing these oil companies to effectively warn them to steer clear?
And is it confirmed that CAG has/are pushing ahead with legal action?
And anywhere to make donations to the cause?