George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hey newsflash Cinders ... you can also take a lesson in reading posts less selectively !
And as for whether you feel something is rampety-ramp-ramp, I don't remember all your fake outrage as the vase Pdub posting history of much the same .. very positive ...
Shock-Horror .. a PI invests to see a return and leave !!!
Maybe you should consider the bigger picture .... the cash from the placing provides all the working capital and capex for the next year pretty much ... the same of Cellcube and Lemur (for whatever they get) will go a long way to covering the first tranche repayment in Feb 25
Is there now (on final signature) a de-risk on vanadium pricing. After all, the ney says who say 'why cant it fall further;' are right .. but also wrong as there is no way Largo will keep pi55ing $12-$15 a quarter of loss away on a low life mine. If they halt then 7%+ of 'western' production disappears .. hard to see pricing dropping then.
It is not that there are not challenges and risks... but to survive Craig had to lower costs, fix the operational stability lean off the non-core bleeding, and increase production ... all pretty evident. With the astute deals and simpler structure the investments and sales give 12-15moths (arguably) of breathing space for Vanadium to recover .. and it does not need to go up much for a net profit to be made
But hey... you carry on pretending to be Starmer and saying 'no no no' all while offering absolutely no alternate. If you think it is all doomed why are you hear
Given FM always seemed 'closed period' I doubt it given the material info, and given CC's comments about putting his whole salary in if he could, £25k does seem a mere drop in the ocean
.... it is a tad concerning all this is being done prior to the Orion finalisation
If it does not rise soon, how long will Largo keep pi55ing its money away in losses on a 7 year mine life .... had knocking $70m in cash a year ago.. less than half that now
If they decide to halt production for 1 or 2 quarters (not an easy thing to do or re-start), then 7% of western production goes
Hey @IslinworthSpy .. a brief look at your posting history is very illumination ... one could reasonably say 'give it a rest FFS' yourself !
You ain't the arbiter of what is posted and for all the well meaning intent of some and downright malicious for others, the excessive backing of FM has been demonstrated to be flawed
Tell your friend to check the fine print about fire damage and ultimate disposal ... a number of cases in Scotland reported recently where the Leaseholders just dissolved leaving the land owner with the massive bill to dispose
Copy of their lifetime insurance !!!