George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
B1cey
Investors manage risks differently. It may be stupid in your eyes to sell at these levels but to some it may be an opportunity to free up cash because they expect the MC to fall further and increase their original share holding.
I did the same with HOC a few months ago. Now back in profit.
Everyone’s circumstance is different to yours, not to mention individuals strategy.
Just saying…
7and28
A UT is not a auction trade. A UT is an uncrossing trade. Broker returning shares in order to balance their book.
Falky, it used to be 71p. Have you revised your chart down. A broken clock tells the correct time twice a day. I am sure you will be at some point in the future too.
When you are, I will go further than that. I will top up my local charity van’s diesel tank. That would be on top of me working a day a week at my local hospice.
Much better use of my time than ‘policing’ the Lloyds bb to suit your make believe pf.
LTI
Apologies, I do find some of your posts informative but your last post does imo have a degree of ignorance. London is not a city of one ethnic minority unlike Ukraine. It is very much cosmopolitan. In fact I would go a step further and say that London is unique to any other city in the world. It is probably the most diverse place on the planet and is an example of everyone accepting diversity is the norm.
Before you may suggest I am from ‘Lindonstan’ I am white and live in the North of England. A country that has benefited enormously from immigration.
Leave you guys in peace. 12 months away from this bb with no change in sentiment.
No doubt Falky is still topping up and posting baseless comments about the sp will be 61p by spring.
Not forgetting Aspers comparison chart manipulated to trick naive investors that this is a good investment.
Wow, just read some of the comments on this bb. I personally would give up all my shares if I knew it would keep an innocent person alive in the Ukrain.
Hope your profit offsets some of your energy costs.
This is nit a good day.
Sotolo
I think the lack of diversity and rising costs is the main reason. Any progress in production and rising prices is overshadowed by politics.
One careless remark can significantly reduce the MC as we saw last year. I think that concern, certainly for me prevents any investment. The fundamentals are clearly being ignored.
bnz
That is the key factor imo why Li companies are not valued higher. Take VW for example, they have said that supply for manufacture of their vehicles will be resourced responsibly. Having little or no impact on the environment. So they have signed a deal with a Chinese company to supply materials for their EV batteries.
I read recently that China have a policy of relaxing environmental restraints in their own country if a resource is of critical in the development of their industry. This again imo is why China is leading the way.
Apologies to other LSE members as I know links and research is boring but it does give an insight into why unlocking our asset is not as easy as some think and why miners in this sector are not at a value that reflects their potential.
https://www.volkswagenag.com/en/news/stories/2020/03/lithium-mining-what-you-should-know-about-the-contentious-issue.html#
bnz
Been following this story for a couple of months. I did read that the decision by the Serbian government will be reviewed after the election.
Any reluctance to produce only adds pressure on the supply/demand concerns.
One thing I’m sure of, Rio will still seek to be a top 10 producer.
EV Bull
Not quite true. Been following the story for quite a while. Rio have conceded defeat for now after environmentalists put the Serbian government under pressure. However, they are now saying that they will a further announcement after the elections later in the year.
There is similar problems in South America, the so called’golden triangle’. There are environmental concerns over water and the impact of commercial mining of Li.
All this is adding to the supply v demand concerns and driving the price of Li higher. In China, they have a different approach. They ignore any environmental concerns f the mineral s of critical importance to China’s development.
In Europe Vulcan and Nobain are looking at securing supply locally to enable EV battery manufacture.
Twohits
I think private investors are selling into the news. Seems like everyone finds it easy to invest with their money but don't want to invest their time. We have seen the back of our 10% er's so 22p resistance should be easier to take out this time.
Why any investor here or in EMH want to sell at this level is beyond me but everyone has their own strategy of making money and all have different personal circumstances.
I have been looking at the MoU between Vulcan and Nobian (Frankfurt based) and see any development there having an influence on our share price as they look at supply available to them locally.