George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
£1m Sell ??? Whether it was a Buy or a Sell / No one can deny insider info is rife here and totally corrupt. How can we trust anything here. Release info re the viability of FD should JV not be agreed. A plan B. If the BOD declare option available and prove up FD real potential under all scenario’s / then the SP would rise. This should be raised upon Question Time. But No. All confidential and corrupt. Meanwhile SP sub 2p and £1m Trade is the “Norm”. Utterly corrupt.
I think they named 4 that 20 bagged ?
After seasonal adjustment (where applicable), there were a total of 6,342 company insolvencies in England and Wales in Q2 2023, including: 5,240 creditors' voluntary liquidations (CVLs) 637 compulsory liquidations. 409 administrations.
4 is a massive number in their eye 👀.
And don’t worry about Drilling Costs… Mr Tibs and the Rose tinted crew say it’s a mere $4-6m per Horizontal.. Wouldn’t want them as my Accountant. If it was $4-6m people would be queuing up to get their share at 1-3000bopd each Well. But that’s assuming the Oil jumps out nice and smooth without a hitch. Nice one. $$$ 🤑 As I say … Rose Tinted. The same ones say cash up front from JV. Marvellous.
Agreed Transhaven. I said previously we need Production guidance and we are not getting an RBL when we have no proven history on servicing existing debt. No … No … it’s Reserve based only. Yeah right. We got the Reserves but we ain’t got no RBL have we ? And Hive Podcast agreed with me re No JV is going to pay our debt off. If that should actually happen, then that would be “Amazing”. Indeed it would.
Thank you.
20 Bag. No. 5-9p. Possible if GGS delivers increasing o production over 2/2500bopd long term. However / They got until FEB to deliver. Going to be a Tough Winter. Will play out by March.