George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Nice to see a series of buys even if they only amount to around £7K. It shows that they seller that was there from about 8p has hopefully been cleared and therefore any buying will result in this motioning north as the liquidity has dried up. Still hoping for an offer from one of their neighbors by the end of the year for between 5 -7c pp of Ni.
I think the for sale sign is already up, but likely only to get serious bids once the BFS has been completed. Other small caps in the area have been taken out for between 7 - 12c pp of Ni. So this really is a no brainier when it is trading at 0.5c. To come this far, be cashed up for the BFS and with still less than 500mill shares in issue is quite an achievement and shows the BOD are not the usual ****-taking waynecars you get on AIM these days. I have been loading up from 3.5 downwards and happy to wait 12 months and hopefully at takeout around 30p - 40p is on the cards from one of the majors next door.
Lord-B-J ...you been watching this strange trading pattern here over the last few weeks? Always around 11/12...buys followed by late reported cancelled trades that appear a few days later
Set of prelims. In profit now with strong order book. Looks like finally turned a corner and should get above 10p soon. Directors hold 90% of shares and last transaction was a 20p. http://www.investegate.co.uk/tinci-holdings-ltd/rns/preliminary-results/201405231309219519H/
Usual ENEG i am afraid. Ramp and news flow for a placement then deliver nothing. They got their money so at least they can still pay themselves inflated wages and open a plush London office. Bet Minty will be chauffeur driven there every day.
Wood Group would be good, but only for short term spike. Value would not be realised for many years. The diver short term here would be drilling GHS, which they are meant to be doing now. As usual they have gone quiet and no update when the rig will actually arrive (if it ever will!). I will be forced to send the 292 around to their offices soon if this continues.
Yes, still in here unfortunately. Last throw of the dice.
52 week low. Well done Alan
Looks like the BOD has slept in..... again...drip...drip...drip.....drip
Yep, Pretty easy to set up a AIM company now days and then just dilute the fook out of it with promises of jam tomorrow. We could graduate from the Peter Landau Dilution Academy. Nothing concrete on anything here. Lets hope their DECC submission is a bit better than the one that lost them some serious acreage in New Foundland back in 2012. The lack of commitment from BSE providing a drilling rig (with no factual timeline updates) is a bit worrying. Some serious rotation going on at the moment in AIM. Glad no one gives too hoots about ENEG otherwise we would be getting drilled like the famous 3.
' jam does go moldy after a time' LMAO....Best quote from you in a long while. Hope you are well bud. If Minty does not deliver soon then I will go up to Manchester, cover him in 'Eneg' Jam and lock him in a room full of wasps. Not fair that he is kicking back in that 8 bed mansion in Cheshire when he has delivered naff all.
That AEY have said today in a roundabout way they are totally fooked. ENEG is to acquire 50% of their Fyne Licence once they get FDP approval by end of August. Question is: If AEY go under (looking likely) will that nullify the submission / approval or will ENEG be able of pick up 100% of the licence in the AEY administration process and FDP still be granted? More questions than answers as usual and no doubt more smoke and mirrors coming from Alan and Tej.
around 4 million left to shift. Need to have this headwind cleared by end of the month. So should be allowed to shift if Wood Group drop a present at Minty's desk.
Not yet princess......not yet. One will have to deffer the Bently upgrade for another few weeks.
There was a distressesd seller. The final dump from them was end of jan for around 2mill shares or so at 4.5p. Ever since then we have been working the overhang. I thought that it was cleared last week with the rise, but it looks like it was just a move to generate some interest. The gold price was also not too cleaver end of last year (to which pgl's revenue is very sensitive to). This coupled with the seller and the stock being extremely illiquid resulted in a steep drop in the sp. The opposite should also be the case when the overhang clears and there is some decent buying pressure.
I have been bullish here for the last 8 months / 7p area for those reasons. I just wasn't particularly impressed that a placement arrived just as we smashed through the monthly trend line that had over three years of pressure building up below it. Without the placenta we would be sitting at a round 15p now and I was expecting 30p mid summer. which would have been a good return. Good luck and lets see what happens in the next two weeks.
As i stated before, they will need to generate a lot of buys / activity in order to offload, So i hope to god that Minty for once in his life actually has decent news regarding the Wood Group option and GHS drilling rather than just a plate of jam sandwiches. YA are offloading right now. This type of volume today would have resulted in a 20%-30% swing either way under normal conditions and it is being held tightly here whilst the rotation take place.
The most common fees in this type of an arrangement is a 'Due Dilligence Fee' - usually around 5% and 'Commitment Fee' - usually around 10%. So in effect they could be making around £300,000 in fees from this current arrangement. ENEG will not disclose the exact amount and no doubt it as it would have come from their working capital. However they legally have to disclose that they paid costs/fees as part of the arrangement. YA are not after massive returns, they just want their 15% and to offload stock as break even or slightly above and then move onto the next company (that is how businesses of that nature operate). It is technically £300,000 risk free, as I can grantee you that if ENEG went bust and into administration, then YA would be first in line to acquire their assets and licences in a fire sale.
Because they make most of their money in fees as part of the transaction agreement. Remember ENEG received £2mill 'less fees'. I am not saying that they do not want to sell some higher to make a profit. I am just saying that any large dump will be from them and only reported cumulatively once PI volume in buys is enough to complete that particular tranche that they have issued to the mm/broker to offload. The broker will have instructions not sell below 8p and will be tasked with 'creating a market' in order to attract buys.