George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Those that bought at 1.3 in responsible institutions will happily be taking 30% profit. For me this level was always going to be sticky. Don't know what TA says but 30% is 30% and 1.3 plus 30% is 1.69. funny that. They aren't dumping they are being responsible to their investors.
As one buys another sells. Hmmm. That's right Musker. It is called a market for a reason. Look it up. Learn. At the moment the SP is going up due to increased demand for shares. Despite what some would want us to believe more are being bought than sold. Yesterday is a very good example. Eventually the price will hit a point where buys and sells are balanced. But not yet. Interesting isn't it
I'd be happy with 50m. We need to get compensated for years of loss, subsequent underperformance and shareholder value dilution. Worth 7p a share on top of 7p current valuation. Then a small premium as any concerns over cash position and resources to build up for the expected growth would be removed. So would be18p with the expectation for a steady increase. I'm allowed to dream.
It has been the strategy for years. At least research before you post, not simply come out with random stock phrases from the bingo bag of the paid poster. You used to be more convincing than this, maybe it is not the same office bod on the keypad.
In my case it is a combination of predictive text, rotten eye-sight and doing too many things at the same time. I can't remember the last time I got away without hitting that post button too early to allow time for correcting my mistokes.