George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I’m a long term suffers of this
To think of the dizzy heights of £2, lol
( one of my first purchase prices)
It feel like we going down further
I just hope in a few years it turns good for us all
.. to me £1 is good, lol
I have 40,000 of these ( average about 90p now) and will only add if she goes to like 10p ( hopefully she won’t )
What a dog , lol
Hi Claire
I’m in a very similar position, having first bought this at £25, lol
I’m actually quite calm, but a part of me expect this to drop into the £2’s (probably next week/ Monday )
Then sprint into the £1’s
I’ll top up at each level
But for sure we have a high chance of a £zero, or new owner take on debt for 95% of new shares, leaving us with 5%
I’ll stick with it for now hoping it flips
I’m just glad it’s holding above £3 (for now)
I did predict £5 in June based on previous Share/ cash call experiences
(Not for the faint hearted, hope it’s not someone first share as such)
I just hope current PI don’t get completely wiped out.
Let MA in is my wish
Still confident (less confident) of a recovery
eventually
(Boo also down today , I hold that sucker as well, lol )
Not sure the big guys ( or ASOS) are too concerned with daily SP price / movements, more med term for them.
History is full of ‘cash call disaster’
Thomas cook, went from £8 to 13p, did a cash call, recovered to £2.50, then took another down turn and ended up bust
(And That was b4 Covid)
On the side of ASOS is it’s a strong brand that mid judged Covid and the aftershocks
Regardless of the trading date, what’s important is their numbers / outlook.
Bad news could easy skid this under £2
(Which I don’t want but semi preparing for, and I’ll buy more ),
Good news will probably hold it at £4 (lol)
Good news is the current cash call was supported by large guys, so they will have seen current numbers / forecasts .
On the flip the directors buys were peanuts ..
Current Pi’s could get shafted, but that’s the gamble .
I don’t see the dizzy heights of £20+ anytime soon/ever, but if you’ve average down you/we stand a chance of slipping out with a profit (
GL all
Ao had a cash call (after telling the market they didn’t know one)
SP was 55p during the denial
Cash call was 40p
MM pushed to 32p for a week after
So to me, we’ve not set any new records yet..
let see what June brings
I’ll bet ‘your mortgage’ we see £6
GL all
Yes I agree
I did buy at £4, and worse bought at £24
I held some back incase it hit the £2’s which I expect it will
I’m holding some back incase it skids into the £1’s. (Anything is possible )
Med- long term I’m a fan but short term anything can happen
(As long as she don’t go bust , or all current shareholders get wiped out then it’s just a game (may not be a fair game )
My bet looking at other shares in the past is this will hang around £3 this week before it climbs , but I wouldn’t bet on it
Most shares drop below the cash call price in the very short term
The MM’s like to control / play games
A month from now be a different game
I sense £6 then but we could kiss £3 before
GL all
I topped up last week, feel ok about it
Cheeers
It’s not uncommon buddy
AO said they was fine then 2 days later
did a cash raise
I see it as a good move
Could be wrong but I sense £6 in June
Today the MM proved ( once again ) they are in charge by lowering the SP below the cash call ( but normally there is a jump )
Gl all
TBH
i expected a messier blood bath
holding above £4 is a result
next Wed could be worse. but a week on Wed i feel green shoots
if this follow other 'cash calls' then seeing a 50% rally in a few weeks is easy £6 plus in June
It's fair to say I'm way overloaded on these, but added more to get my average to £8
long term this could be my best bet, or worse nightmare..lol
but i plan to hold until £15, even if i need pass these down to my grand kids, grandkids
GL unless you are a shorter..lol
I think most of the world knew to take the
CEO ‘ we don’t need a cash call ‘ with a big
Bag of salt
(I was expecting it sooner, and I think it’s been leaked hence the recent drops)
Hard to call today, could easily go -/+ 20%
Medium term it’s good, so today doesn’t really matter
Hard to call the direction of the SP tomorrow , could easily be pushed into the £3’s (or during the next week)
but I suspect in a month, this to be £6-£7
GL all
At least now we know and could have been a lot worse
I’ll top up ( one last time ) if she goes to £3.50 ( hope she doesn’t as I’m a painful holder with an average of a tenner .. lol