George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
EGTP- Spot on. Not only the funding has to be in place, a payment on account (deposit of sorts) will be required to be paid well in advance of rig being at site. In the next few days we will know if JA has achieved or missed .
Extremely likely. there will be a red dot at the end of the month telling how many shares in issue.
Absolutely. meanwhile very large buys going through in the sum of £1 and £6. At this rate MM will be short of stock!!
Kos- quite possible. we should have some result in the next 10 days hopefully.
Wishful thinking!!! we will be lucky if we break 0.05. A small placing to cover a a small shortfall for a good deal in Cameroon will be well received. Confetti wont.
There are a few bulky sells TOO!!!
The sellers are the beneficiaries of the cheap confetti and making a profit at the expense of investors like us. JA needs to wrap up the JV at Cameroon PDQ. The current valuation is ridiculously cheap but its all down to confetti
TRP does not have 3 months to put a deal together. That would be reckless and the very least negligent. It is now or never.
Regardless what the company has said, the funding should be sorted this month for NOT missing the drilling window/rig etc.
https://www.youtube.com/watch?v=mx5NjzGlGxo
Confetti to EECP is finished as per last RNS.
The relevant question is where has all the money gone ( revenues from gas and placings).
Indeed risk/reward ratio is excellent. JA needs to deliver ASAP.
There is nothing in the pipeline until finance is sorted. And its imperative that its sorted NOW. Funds have to be in place now for contracting all the necessary labour/materials for drilling in July/August this year. JA does not have the luxury of time.
Yes- come on JA
Any deal around the company guidance with a variance of 5% is a good deal. Is there a deal? Its taking forever!!!
The third box for Cameroon is taking forever to tick. Come on JA. GET IT DONE
JA needs to pull finance together. Its overdue and there are no excuses. Re rating can only happen when the 3rd bo of finance is ticked.
Finance has to be in place now to sort the drilling in the next few months. Otherwise, kiss goodbye to drilling this year.
SP will catch up once JA confirms $$$ sorted . That news is now overdue. Considering the talks have been going on for so long and the boxes have been ticked, we should be very close to RNS.
08.02.24 rns
"We remain confident in finalising asset-level financing for the well, for which this extension was a critical condition precedent. However, we cannot comment further on the commercial discussions in progress until firm agreements are reached.
"In the meantime, we are also continuing our work on the evaluation and prioritisation of leads and prospects on our Namibian licence in light of the basin modelling work we recently completed, and we have been discussing the next steps on our South African Algoa-Gamtoos license with our joint venture partner and operator, NewAge. We hope that this will be the first of many positive announcements in 2024."