George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
TT if your talking about the tiny little rise from the 52 week low of 10.25 then it’s barely worth getting excited about considering where it’s fallen from I am not seeing any progress worth any form of excitement or any to change my opinion on this company as of yet
All I have seen is it decimation from its ridiculous RTO price so until I see a noticeable and sustained rise in share price and value return on my money my view will not change
I don’t think there is anything to ramp on this stock it’s pitiful and the price action tells u everything it’s dire the board can’t even get the first payment on time also tells u there’s more problems under 10p possibly on the cards
Anyone actually think this will help the share price or just provide an exit for everyone to sell into ?
The fact that no one seems to buying this stocks at rock bottom with the 1st payment so close is a massive red flag
No , there is no proof that the current contract is being fulfilled and is going to be profitable and certainly no proof that they can handle other contracts on top, just because there is demand for a product does not mean that your going to make it, they have already had to beg to existing share holders and issue another 6mil share exercisable over a 3 year period so my confidence remains low until they prove otherwise and I want it to succeed because I want my investment back but so far I am not convinced yet
To have to raise with the price down here just shows how far out of there depth the company is. warrants exercisable at 12,16,26 over a 3 year period
Just hope they actually have decent numbers on there existing contract as share holders in from the original RTO are being shafted from a 55p price with very little forward momentum