George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
And as with all AIM minnows it is always the development that becomes impossible to fund as these costs are many times the mkt cap and need fundraise after fundraise each time having to be successful almost in order to fund the next. Add salaries and costs in and it’s not rocket science why loads of these AIM junior miners fail.
I am totally aware of TYM’s history but not many better situations to be in now than some of this development being picked up by a 16.5 billion pound company, to get it through these stages, and hence why we are well placed, coupled with what is diligently listed below.
It is stupid because it’s 4000 times our current 4 million market cap.
it is also impossible to know by Christmas what we have … FQM are releasing all their knowledge of previous exploration and what’s known, which will be invaluable in moving things forward, saving time, a saving in money (for FQM not really us) and will therefore at this stage move it forward quicker. Therefore it wouldn’t get to 4000 higher figure as they would merely be spending money to bolster TYM and adding value not for themselves.
Ain’t happening!!
I knew it was nearby .. but thanks for the info it’s 8km away. Nearby to me living in Stockport indeed is Manchester, but I had not done my homework as with these countries, as with Australian miners it can be many hundreds of miles away giving considerable costs.
Being 8km from the open pit at Sentinel makes me start hunting for other dorment **** in my portfolio that I can put to use … even short term if it gives me a few to trade, on any initial spike.
.. and thank you all of you for our informative and sensible bboard (for now .. before all the £10 by Christmas idiots arrive)
Yes the meeting is supposed to be this week so any positive’s (or negative’s.. for balance) that come out of it are likely to be RNS’d next week not this. Hopefully we build to that news which if it’s positive when it arrives will make a mockery of our current mkt cap. In fact for me the existing releases mean we already should have started motoring.
If they agree on some % shared vehicle for it and you put a conservative value on what the data reveals how do you not get multiples of where we are??
It shifts this share … it was walked down from. 26/28 spread after the recent run up … then on not a lot of volume they took this down 26/27 hours later to 0.20 …when it allowed you to buy at 0.203 … before recovery to be flat. That’s some movement from the announcement last week (and that there is still another due of progress later this week) but nothings changed. MM’s have flushed out the weak and I guess 0.20 is the new base
Doesn’t even have to be a buyer in the room really. I’ve held for over 10 years and with momentum in either direction this thing travels sharpish.
The hard bit is sussing when the mm’s are moving it around just to create a mkt … to when the starting gun is going off. I’ve sold all the way down from 5 this time and 13 on the previous spike (50p being the first one soon after I’d first invested).
I’ve tried twice to start buying again incorrectly to average down thinking it can’t go lower. However it’s not worth selling down here, and there must be hundreds of us waiting patiently with money waiting for the odd flicker in the share price to become the BIG run up that will come.
This will be s@@@ or bust as it has run out of chances from coming to fruition if it doesn’t develop this time. (We will rise on anticipation at some point in the meantime)
If you mean do I want it to go up because I have a load … YES.
Do I want it to go down?
Think there’s a problem?
No
Have held for ages above where we are now … yes.. did I still hold down at 0.11 and average down with a couple of tasty buys in the mid teens and again this last few days and even this morning
Yes
Great … so let’s just have a discussion board and not turn TYM into one of these paranoid boards, I think when the company needs calling out they should be and we should all be able to put positive/ negative comment.
For me this looks scripted (is that a good thing? No it’s not) but not absolutely isolated and I hope all of us benefit.
I know I put this on last week but we seem to have a continual move up and this week there is another announcement to bounce this up higher.
If I didn’t know better and knew that you must release information that is market sensitive within parameters you’d think this was SOMEHOW remarkably lucky to have these staged releases.
We now hold these 24/25 levels prior to the next release … and because it’s timed to perfection we go higher again. Very lucky if it wasn’t contrived.
If I hosted a meeting at work and new what outcome came six weeks hence … the minutes to that meeting would be remarkably similar to what’s happened here.
Well they’d stake build… but being swallowed up for our 2 or 3 million mkt cap company would surely be a correct decision if they are putting funds to work, effectively enhancing our value in doing so.
however ultimately it makes us more expensive, but all bodes well on the fact the data makes us interesting to move forward with. Most aim companies…confetti themselves with placing after placing into a place where each placing ends up funding salaries and costs without enhancing value and by the time they get to anyghing like ‘income streams’ or profit they have just so many shares in existence the value to shareholders appears negligible compared to their initial thoughts.
Until we have moved this further along and what is there is established, 12bln pound company or not they are not going to move on us surely?
Any help with financing our journey is beneficial in negating the above.
Penthouse is along way up.
Ahhhh damn I’m doing what I just moaned about people doing.
I was saying the same thing about Pxen and that (belatedly) has done what will happen here.
Shares perform on anticipation of news, spikes that give way, not sustained gains on positive comments but deliver properly on the actual hard cash/ income and they become a different animal. A million and one jam tomorrow AIM stocks but they eventually run out of chances (Vast to name one)
Baring unforeseen difficulties we enter that third phase.here of a tap being turned on that delivers not ‘jam tomorrow’ but actual money baring Charles 111 ‘s head.
I agree Howey.
It’s nice to have a balanced board … I hate the 10p by Xmas ..and FOMO comments about being out over the weekend. Many shares are easy to hole below the waterline as most AIM shares continually miss deadlines, most knowingly so they can get multiple placing a away. It’s an art I wouldn’t like to have to do to string everyone along … but having been here in different volumes from its initial 6p issuance to sells I’ve made over 20p on Angs I’ve read a lot of stuff on here and you are right many try and perpetuate negativity.
Their loss however now, as fulfilment of our productivity will always when a company gets there and the money rolls in be the point where it decreases risk, and the share price rises. I’d be s@@@ scared if I was shorting this or backing against it … as we are this next six months going to climb massively higher. Will it be this next week, next month or the next year… who cares !!!
If you are in here YOU WILL MAKE MONEY from these levels … it’s just a matter of when.
Striking while the Irons hot really is not something that can be said in the same breath as QFI … I’ve been in to various amounts for over 10 years.
You are right though it needs to move before we become outdated as a good idea that worked but missed its mark, and it’s opportunity
… not that I’m against this sustained releasing of RNS’s but as is always the case it’s very difficult to assert Alain who knew what and when.
The fact we announced the agreement.. had a guy in place the week or two later, and he has a meeting that will next week yield (I suspect good news) seems to me they’ve either been doing **** all for years .. or this is further along than anyone is saying and actually it’s all coming together with a constant new slow that can (and will) no doubt give the share price a real leg up.
We are worth 3 to 3.5 million with the share price in the low 20’s this can go to many higher multiples if the released info keeps falling into line.
News next week
Let trend be your friend Rare Groove says
Ermmmm it’s tanking pal … and apart from Dead Cat bounces it’s been falling since it was 20 … and they started to lie to us.
Christ I remember some 2nd or 3rd in command stepping in for AP In a Proactive int or the like. He said AP couldn’t be there as he was off to Zimbabwe… actually on his way to sign off the diamonds deal…was he walking ?? If he’s cycled he’d have got there by now. The absolute charlatans have lied, backed it up by lying … they even dragged out … somebody being in the wrong place without a pen at the wrong time as to why the deal was not signed off. They somehow dragged that out for a couple of years before changing approach to starting on Romania with the same run of horsedroppings. We’ve had collapsed mine entrances … umpteen’funding is just round the corner’ releases… they couldn’t run a bath.
The only idiot is me for having a few of these shares left.
Walter Mitty Plc … with Andrew P … head Honsho … at least he should get no other employment when his sham here, eventually goes belly up.
Avoid !!!!!
Thought the share price would have responded more to this RNS … still it seems to be steady buying rather than spectacular.
Maybe it’s because we’ve eluded to this same info many times before. Still this looks like the real McCoy (not the real McCalls)
Imagine buying Thursday at 0.25 … and even if it were to drift towards 0.30 you’d be 15 to 20% up??
What’s your point ??
This is stupidly undervalued with people in the company taking shares instead of salary. I would wager with a three or six month timeline it won’t matter if one bought at 0.25…0.30…0.35 or 0.40 … you’ll be well in the money.
I still don’t get the original point though!!!!
Although it’s come along way since 0.15 yesterday morning… we are only going back to where the share price had been parked for a couple of months.
This is stupidly undervalued and hopefully has miles to go. I don’t think anyone will lose money at these levels. Keep em tucked away ( a bit like COBR that people need to do the same) and the upside as it plays catch up should be phenomenal!!!
Obviously with Spain and Italy the price hikes of energy prices pushes up income streams … but obviously when half comes on line next year it is after a period of delay.
Is there under EU legislation any option for us to be able to come on line sooner?
Surely we are due info on our current income streams too … which with dividends should be up again. We do remain dirt cheap seeing as what we have by way of income and the high income levels from a second source next year?
Sorry that’s mates rates it should say
I was here Christmas Eve 20 … there were one or two of us saying it was nonsense to be going under 2.00.
I also remember when it had momentum in the 3’s and they seemed to bring it to a juddering halt to allow ‘mates rated’ to join in and got somehow a placing away at a discount that closed in 40 minutes.
You are not telling me they have not known for a year or two that they aren’t sat on something special.
It will get to 10p as we said that Christmas Eve and I would wager after the next results are released it will set off in that direction pretty sharpish.
When the worst thing about a share is … is the fact Zak tea leaf reader predicts 6 by next month (and he’s always wrong) then maybe that’s when we get there.