George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Am I on my own here in thinking this constant upward trend is unwarranted ? I understand that vaccine hopes should give us a rise in the share price but it seems as if everyone is forgetting the huge damage that has been done to the economy during this pandemic with recent statistics showing 1 in 7 companies will not survive, and in relation to BOI itself their provisions for bad debt seem optimistic at best, On brexit even if a deal is done brings a whole deal of uncertainty on every side as we have no past event to base what comes next on.
Totally agree Silverhorse, 2.20 is on the cards here, for exactly the same reasons I outlined on monday
Just to add - I expect any prospect of an EU deal has been priced in since last week’s rise
This will have a retrace in the morning, allot of hype today about vaccine but the reality still remains we are in lockdown, uptake of this vaccine remains unclear, approval also. We have unprecedented government support of the economy and a bank that is loosing money, just my own opinion but from experience buy on rumor and sell on news - we shall see tomorrow but €2.20/€2.30 is my own expected new trading new trading range. GLA and I hope all of you cashed in today on the rise, strange times we live in.
Good News on the European Agreement but I still fear we have not seen the worst for BOI - I think only merger talks will take the SP over 2euro anytime soon
Paul caroll can well afford to buy 1.5 million shares in my opinion after years of a high salary doing a terrible job looking after shareholders money
Unfortunately shareholders can’t buy any shares on this scale as they have been cleaned out by Paul caroll ant the rest of the board and they can only watch as those who destroyed value for shareholders now are buying value for themselves
Shameless
You are to be corrected as you are wrong
There are still 3 from the old board here
We also have the gold licenses in Spain
If the sale was the best and only outcome for investors it only goes to show the mess the board created while receiving big salaries circa $500000 a year
Professional directors don’t have to sell their company down the river for a fraction of what they took from their shareholders and I don’t know why ormonde needs 2 chartered accountants on the board with no project
No wonder the shares are trading where they are
Hopefully a white knight will save shareholders from this board
And the sooner the better
For the benefit of those who don’t appear to understand partly why investors lost their money was
Our very competent CFO failed to protect the company’s financial position to such a degree that oaktree was able to take our asset because we we could not continue to finance it any more
If we had a competent CFO
He should have seen this coming
For the record
I as a major shareholder will not accept Paul caroll as a board member because of his pathetic performance to date or a RTO by oriole as I don’t ever see any value is to be had from either of them
Tradedesk
Paul caroll is still managing our $6 million
How can you expect any investor to have confidence going foreward
His past performance as CFO
Would not inspire confidence
Also the new board has been put in place by o donoghue and the carolls
I think a takeover is our only hope
Tradedesk
You may forget but we victims will never forget or let it be forgotten what o donoghue and the carolls have done to our company or indeed our money and if I ever see their names on a board again I for one will be sending out warnings
Also we still have Paul caroll in charge of our $6million
And you want shareholders to forget what he has done
(Not a chance)
Hedgehog 100
You are getting very aggressive to protect the board who ruined shareholders value
If you read the reports from the company you would clearly see it was not bad luck that shareholders lost their money it was mismanagement led by O’Donohue and the carolls
Who have not got a clue how to build or run a mine everyone can see this except you it appears it is people like you I have a problem with supporting this type of mismanagement
It is in my opinion a discrace that we don’t have regulators to stop this incompetent behaviour by boards
Hedgehog 100
I have reported you to the LSE for insulting me by calling me a liar
It’s funny the truth allways hurt
I deal in facts not fantasy like some
Hedgehog 100
Now I know you are connected to this board
Another (moneymore 2)
The only one insulting anyone is you with your nonsense postings
Hedgehog100
You are full of the perverial
Backwoodsman
I think you are bang on the money
Give shareholders back their money and get away from this useless bunch??
I see hedgehog 100 mentions avocet mining as an example of previous board members involvement
For the record o donoghue was a board member of avocet mining and mr smart told shareholders to bale out with o donoghue on board and the rest is history another disaster under his belt
As for the £5million I would caution it is under the control of idiots and lame ducks in my opinion
The oriole boys haven’t done much with their own company so I think it’s hard to see any value been created from either them or indeed ormonde old old gold licenses
Don’t be fooled by these boys
Remember they were picked by o donoghue and caroll
I see the boys at oriole are putting on a show after my comments earlier about their share prices poor performance since January
What’s a few thousand spent to convince ormonde shareholders they are a successful bunch
We need to form a shareholder group to expose what is really going on here
I suspect o donoghue and the Carroll’s are working a master plan to get oriole our cash as I suspect they don’t have enough of their own and the next we may see is o donoghue trying to get on the oriole board to carry on his dream of been a successful miner
What a complete idiot
I have lost a fortune investing in ormonde over this past 15years due to the incompetence of it’s useless board and it will be a tragedy if these people manage to get their hands on ormonde last $6 million
I would think Tom Anderson is not a happy camper here either