George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well, something of a mixed RNS bag. Although the iron ore at Hanc**k is still there; the silver at EH is still there and the PGM's at Munni Munni are still there.
Personally, I don't care who is "driving the bus" as long as we get there........
Antigua - my thoughts exactly....What if this is a defensive move by NCM to keep the lid on the actual asset size whilst negotiations are ongoing, particularly as it's not all sweetness and light in the NCM house? The last thing SB needs is to announce to the world that there's written proof in the MRE2 that he's eyeing up a Tier 1 asset for either additional or full control, whilst being uncertain he can 'sell' the idea to his own shareholders!
Here's my punt:
Open: 1.7p (Well over 100% up on previous close, which will put us top of the leader board and subsequently bring us to the attention of a much wider audience...
Close: 2.3p (Although I expect a steady rise over the coming weeks to settle around 3.2p).
But this is AIM - the Wild West of the investing market, and expect lots of volatility in early trading)
For GGP go to
https://ggphelp.co.uk/ which should answer any questions you may have.
Regarding WSBN, apart from their extensive mining equipment (which would probably fit in my single garage) and their constant share consolidation / issuing of warrants / issuing of equity / capital reorganisation / other fund raising / etc; my main comment would be to invoke the popular phrase that includes the term 'BARGE-POLE'!
So, onto MTL - like many others have already alluded to, I believe there will be lots of volatility as we resume trading, MM's will inevitably play their pricing games, bed-wetters and those panicking will be fleeced, those unfortunates that have to sell will probably get mugged, and all the while I will be sitting firmly on my hands watching the dramas unfold.
GLA whatever your chosen path.
Hi Spag,
We are a different animal to GGP, in that we both explore and mine our gold.
GGP have a Joint Venture with Newcrest (NCM), where Newcrest are currently paying for the drilling and mining set up operations at the Havieron site, and in return for their investment they will gain 70% of any gold which is mined.
Also, the potential at Havieron is huge and yet to be fully defined, but is estimated to be 5 to 10 million oz; therefore the GGP price reflects that, with a risk factor attributed. When the gold is actually mined, GGP will pay their share of the costs, plus a toll from Newcrest for them to process it. So it's all about potential, rather than cash in the bank.
Luckily we have both, with 85% of our site still virgin, and producing 15k to 20k ounces per quarter. Sweet.
That's a given, but listen to the LTH's - don't get mugged.
The fundamentals are just getting stronger and lots of positive news to come in the next few weeks.
A massive thanks to all the knowledgeable posters on this BB, and to those who gave the de-rampers the short-shift!