George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
My view is that all of us here are significantly under water. The SP has been decaying for some time, despite the positive outlook.
I’m not going to sell at these levels, so I’m all for the company getting some new blood in with some new ideas and contacts.
I think that’s a sound strategy. Especially the reading reports. The company managed to bury an HMRC liability of around £1.5m by putting it deep down in a report and I missed it. I think the company has done a lot of positive things over the last couple of years and has generally been transparent, but burying that bit of info felt like they were trying to hide it! Won’t make that mistake again!
TB has a reputation as a bit of a pump and dump merchant. The other companies he’s pumped have had a ‘revolutionary’ new product. However, they’ve never taken off.
His involvement with CMH is rather different for the reasons stated earlier (old company, tangible products). Personally, the makeup of CMH doesn’t lend itself to a pump and dump type scenario. Instead, it lends itself to a more steady climb from where we are now.
Some decent sized round buys today. Is something cooking
Me too Jerry. I thought for a good while that 2p was the floor but we’ve managed to drift below that. The picture here looks a lot better than it did. The company had 2 businesses to focus on now. A lot of the noise coming out of the company is positive. The current MC/SP isn’t aligned with that at that moment though unfortunately.
The company isn’t sexy and neither is the industry. However, I we start producing £40/£50m turnover like a past RNS said, and we can make a decent profit margin, then the market cannot ignore us forever!
Agree…CMH is a different beast.
It’s a very old and established company which has tangible products. It’s been a heavy ship to turn.
A lot of TBs other endeavours have involved new companies with supposedly revolutionary products being touted as the next big thing.
I accept that CMH is totally different to TBs other companies. However, investments are investments and he is looking to make money, as he always has.
I don’t believe CMH will pump 5/10x over a few weeks. However, I do believe we will get to x10 of the current sp…it might just take 2 years rather than 2 weeks.
Also, sudden pumps are unsustainable, as the other companies have shown.
I’d rather we grow gradually to 15/20p and in a more sustained manner