George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
For months, everything was bad-mouthed here and especially in the other forum. The many positive aspects were completely ignored. Mellon doesn't have to sell. He has time and money. POG on ATH. Low AISC. World-class resource with a few million ounces. In addition, with high grades..... Fears about US sanctions have not come true. Project is shovel ready. all producers are swimming in money at the moment. Anything under 1 pound is disappointing.
If we look at everything from the positive side again. Mellon has long said that the POG will go up. For this reason, he is in no hurry to close a deal. No one knows what kind of offers are in the room and how many bidders are still on the sidelines. Calibre does good business in Nicaragua, which means that the country risk cannot be so great. Why shouldn't we be able to achieve a shareprice of 1 pound and more? maybe not exactly 28.80
We LTH's know that everything goes miserably slow at Condor. But the fact that a sale takes so long scares me. The only one who understood that MC was completely incompetent was Ross Beaty. Hopefully this ordeal will be over soon after 18!! Years..
You are right Nero.
I own 300 000 shares and my wife has some too...
Not every newbie has that...
If the onion and the melon don`t mess everything up again, 80p might be possible.
We are drowning in targets......