George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
We are days from spudding the 1st of 2 wells after a 2 year wait and hoping to prove up a discovery on the 1st well from the knowledge of the very 1st well. Exciting few weeks now we are finnaly here......
Ian has been superb in guiding HE1 into this new chapter...By bringing James in now is a clever stategic move with his knowledge and expertise into the full time Chairman role (Ian was a NED) . I am sure Ian is there if needed on a call....but as Ian says this is a very exciting time and its all set up so tbh Ians work is done and it paves the way for a successful drilling campaign. Ian has been in Tanzania and the city recently helping ensure we drill soon and he still owns shares at a much higher price...exciting time the next 4 weeks!!!
There is also a non deal roadshow to get the company plans across - they are about 4 weeks or so away from spud and have cash for 1 if not 2 drills - rig cost was circa $2m and they saved 1m in shipping so a very prudent move!
They dont need funding but if they prove up a discovery they may well raise after the drill I am sure to develop the asset - makes perfect sense and exactly what they need to do.
August is shaping up to be a news rich month and by all reports coming out of the City HE1 are ahead of the game on the ground....
Bang on Cyber!
Lorna is ahead of the game and knows what we have! . Ian does to hence the mention of a 2nd well i believe. Speaking to a geoligist freind who has worked in Africa over the wkend and he seems to think they could do a shallow well/test equipment!!! Roll on next week.
Nice mention in Times to...that jornalist has been in HE1 since the start if you remember...!