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Commitments have been given for 43% of the issued share capital to vote in favour of the resolutions. They still need another 32% and I note the last institution to purchase was not on the commitments list.
This could become interesting.
The fact that you can sell 10k in my opinion is a positive ...providing spread is good.
Close to news soon.
As previously mentioned this will explode or die.
However risk rewards for smaller amounts is worth it in my opinion.
Surprised ...5 days clear notice should be given for cancellation of gm...should hopefully hear today..
Due diligence usually lasts anything from 90 to 180 days...so we need to be patient. I suspect we will get an update or result of some kind this month.
Yes the meeting was to have been on or before the 20th May with a circular provided in advance of meeting.
Possibly having second thoughts as a result of potential news...this really could explode or die
Totally agree, as ceo cc has a primary responsibility to shareholders and will be judged on profitability and shareholder value.
At present it would appear she is acting as a good well liked department head with innovative ideas at a staffing level.
All inmo...she was after all the marketing director.
Now we know why the she left.
She was very instrumental in the early stages,
Clearly she was worried in my opinion
All this speculation is pointless we will be informed shortly no doubt.
The key parameters is the business sector your invested in ..high volatility for a reason.
Filters are without a doubt one of the key growth areas over the next few years.
The risk to reward ratio is worth the wait.
Yes you might go belly up but the opposite rewards are massive. That's the point of investing in the risk.
Yes the history relating to AB and his ventures would lead many to believe this is another false dawn...however with a mcap of only 2m any tie up announcements will generate a share price re..rati g....the upside is significant and in my opinion worth the risk....
Financials
What's gross margin %
Cost of sales as a % of t/o
As someone rightly pointed out if margins are so tight they are running the business to literally cover overheads...in other words to keep people in work but with little likelihood of ever achieving a profit...interesting that we went from profit sustainability in 2022 to breakeven.
Whats happened.
Answer she a marketing executive not a ceo...profit is king for a plc...
Unfortunately cc...is a marketing executive director who has been promoted above her station.
The market has spoken and unfortunately there's little to get excited about.
The revenue guidance rns issued on the 11th November was critical ...and effectively an announcement that shareholders values would be diluted until sometime in 2022.
But don't worry this is just a delay...what utter nonsense. Working capital is now having to be paid via clns at a hugh cost to existing shareholders...by the time this is self financing the share price will of been diluted to high heaven along with a possible share consolidation for good measure. Another aim vanity project paid for by shareholders
The key to any significant rises will be profit or takeover.
The next tu in January needs to show that we are on track and very close to operating profit.
We are unlikely to be at gross or net profit at this stage as this would of been highlighted in the last rns.
What we cannot discount is a potential takeover if the numbers are encouraging.
Back to 10p in the next quarter is possible if either of these objectives are met inmo.
Audited accounts (12 months ending 31st Dec 2020)::;;;
Rowan was paid a total of $331,695 plus $ 17466
Us dollars ..
Total directors pay $660,946...
Incredible....
To be the ceo of a company that has seen its share price decimated from 1.85 to 0.20p in 12 months is some achievement.
Basically his cv makes him unemployable.
This will turn ....just not until we have a meaningful rns with numbers...
The downward trajectory will continue until the bear market that has gripped this company turns.
Until that rns disclosing first moniterisation this will continue to drop.
At present no meaningful revenues and potential further cash calls.
That last rns was a train crash and the share price dully responded.
If no significant rns by year end 2021 wouldn't be at all surprised to be seeing a mcap of around 20m
The confirmation rns has not triggered the expected uplight...surprisingly low volumes ..appears to be little interest ...hopefully us opens this up
The mcap at 60m is overvalued at this moment in time...whilst news is expected on multiple fronts we are likely to see a continued decline in share price. As the first significant revenues are delayed cash flow and lack of becomes the main concern.
Possible placing between now and 1st revenues to maintain working capital ...
Shorters in ascendancy at present.
Possible fund raise before moniterisation ...
The rns and the projected delays to meaning revenues does mean that working capital could be an Issue in the short term.
If the loan has already been allocated and no contingency plans operationally considered for future delays within the cash flow forecasts and its a big if...then financing is going to be needed from somewhere.
A small placing to cover a few months maybe needed.