George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
PE 8.5p on top of all that?
Wait for £4.
Billyrvalentine
I’ve got boards where I’m usually the only poster, but it does make us wrong!
Lords is a solid, grounded, expanding company and I can see it doubling from here, as per the forecasts. It can take 6 months, maybe 12 months, but that’s plenty upside for me.
£100k buy on the back of him stepping down as CEO. He must think the drop was WAY overdone.
Just like the rest of us.
I put in sells at 4.3p, but didn’t do fill or kill, so they executed at 4.1p. I bought back at 3.83p and thought I had done well. So, I could have done better.
I gave no doubt the MMs d icked about with the sp, because that’s the only way they can make money in this s hitty market. Sad thing is, once they kill off all us turkeys, there will be no more Christmases.
I’ll be buying more around here, up or down, because the directors and management think they will make buckets full with their salary converted at 4p, so everything under that is a bonus.
I’m happy buying money at this price.
Plaicefish
“ MMs played this down both accounts at open couldn't sell £5k or 15k when up +50, people brought on spike then MMs allowed once selling started TOTAL FIX.”
Ain’t that the truth! Played like kippers.
Bondholders have put their feet down.
“ An employee voluntary salary reduction initiative is in discussion with senior employees, where reductions will be "made whole with bonus" when certain milestones have been reached as determined by the COPL Board of Directors. As stated above, the current Board has agreed to forego cash compensation for all of 2023.”
No more asking AM to reduce costs. They have forced him to reduce them. About time too!
Know when
“ You would have thought that the HWM news would be in a separate RNS to be fair.”
To be fair, I didn’t think that. Still don’t. Just saying.
Both HMWs piling up the coal now. Full steam ahead!
That’s the quarterly figures put to bed.
Now we turn over a fresh page and start the next quarter with increased production and a higher oil price, while we wait for the JV to be announced.
I hope you all have a relaxed and happy Bank holiday.
:-))
Baserite
“ cue apologists lol.”
I think the whole board will respect your opinion, but it’s really not important enough to argue about.
COPL either has 1bn barrels of oil in the ground, or it doesn’t. That’s what counts.
Fastfood
“ A billion reasons to buy shares but 3 Directors left ? 2 certainly left to cut costs. But not before they signed off a hefty Pay Rise to the Big Man. Doesn’t add up.”
They were not allowed to buy COPL shares while directors. After resignation, they can buy up to 3% without anyone knowing.
I would definitely resign to do that.
Tilbury
“ Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource."
Two wells drilled would definitely do that!
Excellent detective work.