George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well well well, a nice piece explaining what is about to happen!
GLALTH
Rebel100, Thank you for posting that link, very informative and interesting. My confidence here is increasing all the time. This technology is the only one that does not use excessive amounts of "precious" water which for Bolivia is a key requirement.
I agree Owli, I picked up another 3.35M yesterday and it looked like a sell just like all the rest.
The Oil is there and we will get it out!
Tmd1987, that is interesting, it would explain quite a lot.
Fact remains that the team are working hard to prove up the resource on many fronts. I am reasonably comfortable with where we are and time will tell.
Mbe just keeps getting bigger and bigger! Well done Claire.
The £1,767,000 was a paper transaction only, no cash actually changed hands.
ORR issued Lanstead the 930M shares so that they have to ability to sell them to fund the payments to ORR for the period of the contract and the actual monthly payment is dependent on the SP calculation in the agreement. Of course Lanstead could be keeping hold of the shares and using their own cash to make the monthly payment due if they are confident of the SP increasing but it is unlikely.
The Lanstead agreement served a purpose when ORR needed the cash last year so we are stuck with it, like it or not. For the record I do not like it one bit but we need to move on and concentrate on the many positives we now have in our investment in ORR.
This is beginning to look very positive at last. The Bolivian selection process is progressing at quite a pace for a "government" process and CLON and DH are in a good position it would seem. I predict that they will be awarded some sort of overall technology based contract to service several of the Salares as the iTDE will be critical to the drive to move away from the Evaporation process typically used to get to the Lithium concentrate. DYOR.
That is my buy at 13:05:46, showing as a sell. I fully expect a correcting pair of transactions as that is not what I paid it was 0.0041 and not 0.00419. Just so you know if interested.
Hi Robina, Not sure what you mean by ridiculous, the last time this was 10p was an age ago and what we have now is a completely different company which is a pure speculators share. I have just taken some profit and put it here, new CEO and none of the baggage of when I first bought this last summer when it cost me to sell at a loss when it came out of suspension.
I wish you luck with your investments.
Just had a small punt on this for just over 10M shares. A risk but that's why we are all here I suppose, to speculate.
Sort of Blue!
You could always sell your old gold medallion if your clubbing days are over! That would be ironic!
What do we think the next news will be? Probably some info on the progress of the field work? Whatever it is then I think they do need to keep feeding info through.
Morning All, I have instructed H&L to do a bed and ISA thing and so there will be a back to back trades for £20K. You would have probably worked it out I know but just saying so no one panics! Should be sometime in the next 24hrs or so.
Well said Kutzz! Let’s not underestimate what we actually have here. Let’s make a deal! A deal deal!!
Another happy Friday feeling! Still up to my neck in it but hey still hoping for the best!
Looking good. Happy Friday!
HawaiifiveO you have obviously been in shares way longer than me and so it sounds like you are right on this.
Just looking forward to the exciting times with ORR in the coming months. Cheers.
Without wanting to state the obvious, perhaps Lanstead have not issued a TR1 because they have not sold a notifiable amount. Maybe they too have faith in where this is going to go in terms of a massive increase in the SP.
Don't get me wrong, I also have been sceptical of the wisdom in signing up with Lanstead but as has already been said then things were pretty diabolical most of last year after our much revered Eileen invested significantly.
Anyway, Tim, Bob , Claire and Eileen seem to have this sorted.
GLALTH
Here we go! GLA