George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Defining soon is easy! As long as it takes. No issue at all, inflation pushes up commodity prices. Best to wait for the right deal, is what I propose, rather than any deal to satisfy a short term rise in the share price.
I would agree the share price is the pits, but the whole sector is bombed out, so I am not surprised the market does note rate the news. I do, and am a contrarian, simple as that. I enjoy being right when the market thinks I am wrong. Just wait, and don’t let the silence worry you! Good things come to those who wait, is my view.
Well I am fully loaded and are prepared to wait. There have been lots of positives and value enhancing news over the last 5 years. Please allow others to have a different opinion. We will soon see who is correct. In the meantime relax and sell, don’t worry about my investment for me. Happy days to come, let the assets do the talking.
PC did not lie at the AGM, the deal was still on at the AGM. We are now in a far better position on the CS project than we were at the last AGM, the market is stronger, we have more companies interested, we have been approved. We are just waiting for the deals to be completed, and personally I have no interest in removing PC through a lack of patience. I have spoken to PC and believe what he says. The RNS today was the usual, and personally think it is the best way that he is rewarded. Share price is dreadful, but sentiment will change on the right RNS.
An income stream to look forward to on rising copper prices. Sandfire up at 6.20, China waking up, and we are still at a massive discount. No interest whatsoever apart from the directors! Then suddenly market sentiment changes, we just have to be patient!
You are right I don’t, but I trust PC will do a revenue generating deal. He does not want dilution at this level, nor do I. Costs are at a minimum at the moment, and will remain so until a deal is done. Selling a proportion of the CS project would nicely, with an ongoing cut on production for a revenue stream. I would like a return of cash to long suffering shareholders. All will be revealed over time.
We have access to sufficient funds to see us through, that is in the RNS. All we are entitled to know about the stage where we are with the various projects are in the RNS’s, he updates us when there is a material change. PC does not do hope and conjecture, he does deals, shareholders will see them in retrospect, and only then will we see the monetary value of our assets. This is how I expect him to behave, no leaks, frustrating as it is to wait. I believe the value of our assets are way more than the market cap, and is why I am invested. It has been a logical ride, but frustrating share price, value has being created all the time IMHO. I don’t think we are far away. This is aim, a brutal market, and I expect to be rewarded for my patience. In the meantime I have to grin and bear it, and just trust PC to do the best deals for the shareholders, which he is the biggest.
It is not what you say Tottyman, it is how you say it? How do you come across from the receiving end is important to get the best results. In the corner of the room when there were only two other shareholders at the AGM, gives an impression. I could ask what I wanted, and PC replied within the rules. We are all, including PC disappointed in the share price, but PC has created more value and potential over the last year IMHO. We just have to wait until deals are signed and values revealed, he wants them over the line as much as we do. PC is right, if you don’t like this reality, sell. I would say the same as PC, and if it drops the share price, so be it. Yesterday’s RNS was very good news and shows more potential value, that I am happy to wait to play out.
They have had a good run recently, forecast gold and copper prices for 2023 look good, we sit at at a significant discount to NAV. Low risk high return play, but the sector is unloved, some day that will change. In the meantime we just have to grin and bear the pain.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5w%2B0yBfxv%2FR7%2BrFiGug%3D
Waiting 18 months was part of the deal, as we waited for them to pay for and find out the extent of the resource. I don’t think you can put any blame on PC at all. They are paying us for this option. Deals take time, with due diligence in today’s risk averse environment taking an age.
At the time the deal with Tolsa was done, we did not know the extent of the find. So Tolsa did not know what they were buying, without doing and paying for the work. This now stretches for 2 kilometres. We maintain the 3% royalty, which may be the big winner, something which Tolsa might want to negotiate to buy out. I don’t see anything wrong with the deal.
To me it is an early Christmas present. Read what Tulsa have found and what is planned in 2023. They are not going to pay before they have to, not logical. They are doing all the work before forking out the money. PC sounds very excited about what they have found, and we are happy to receive the option money. We only have to wait a year now for this earner to come in!
The companies that they are talking to are Asian, and they know the risk of having an operation in SL. They understand the type of politics that exist. Long term supply of mineral sands is an issue for the industry, and they are keen to secure that supply, apparently. Everything comes with a price, I would not be so negative colourblind86. Let’s see what MF can come up with, he has enough of an incentive to make things work.