George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
FY PBT nailed on to be £4m attributable to shareholders for 19/20. Once this is confirmed I can’t see how SP can trade much lower then PE 10x (c60p), Never mind the 100% growth. Even with Covid impact, 20/21 still likely to see strong growth.
They have literally re-negotiated terms on their debt facility over the last 5 years. The loan facility provider has no option but to agree to the re-negotiation...they have to be flexible if they want their £2+b back as liquidating the company isn't going to be in their best interest
Amazing rise, however, not than surprising. Still trading below pre-covid & way off 52 year high. Still much more to come considering the outstanding news today. Chuck in shorters getting burned & we have the perfect storm!