George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
There are so many companies that actually make money and lots of it, that's it's pointless investing ones that just spend it. The money they make from trees here is never going to make you money, they are betting on carbon credits. The likelihood of that happening is just above zero within the next 10yrs!
Placing to raise 50 million dollars @.73cents diluted share value 40cents about a 50% reduction in your holding value. Phase 2 trial successful then maybe bought out. However they have until Jan 2024 to get the price back over a dollar from a true price of 40 cents! So they must hink it is seriosuly undervalued now Phase 2 green light. However, any value that the share had from a possible imminent rise due to phase 2 has now been factored in to the new offering and the best we can expect is its above 1 dollar by Jan! I bought a few grand on the back of the previous news . Unfortunately the directors also say an opportunity to raise funds and wipe us all out!
If CEO holds 66million who is selling!?! 30 million traded in a day is off the map. Given the price is rock bottom and the average buy out of phase 2 is running into the hundreds of millions! It could go pop on the value here quickly
Covid test sales jump by a third as immunity wanes
https://www.thetimes.co.uk/article/d09e7af0-2d44-11ee-b33d-6d3f5a636b40?shareToken=e91f042e293c050c026edd3accdc5f5c
Test sales going up! Immunity going down. The elderly of which there are many will be stockpiling tests.
Easy buy again after this unwarranted fall
There's more chance of you seeing sense than this going bust in 12 months! Previous directors back in will get this pumped as much as they can for the next raise. Who knows it may even start making profits, but given it appears that they reduced production when the banks withdrew their funds, this may take a while longer. However the current CEO sticking in 45k of their own money lately is a good sign for an uplift in the price.
Simply wall st article from Friday, not sure if already been posted, and I know they can be unreliable but they highlight the strong financial position and the ability to turn money spent into profits earned! Time for the herd to pick it back up!?
https://simplywall.st/stocks/gb/healthcare/aim-mhc/myhealthchecked-shares/news/myhealthchecked-lonmhc-could-become-a-multi-bagger
Who writes this rubbish, its more than one company lining up to have its debts paid. I wouldn't surprised if the bank take it over from administration at this rate. It's been down and down and there's no way it's goign back up given the interest owed to everyone else and the number of shares issues. Get real and smell the coffee
Truant, you have made money on the way down, are we not allowed to make money on the way up!?!? it works both ways. That's life, make your money but those that only short and do continually tell people to sell need to get a life!
It appears WBI is full of pie in the sky, the accounts are a mess and they need cash for working capital! Hundreds of employees are located in a country where they want to be paid to keep the trees they have had forever!?! The carbon credits is mainly for processes that save emissions, not for paying for land thats been there probably millions of years? Needing 3 million for working capital with possible future profits so thing you can't share them between 2 never mind the zillions of shares in existence....Trees are useful for carbon credits but i imagine you should be paid if planting and not cutting them?? Finally the 2 largest shareholders have either cut and ran or still running. The only point going for it is that once Lombard empty it will bounce, which will allow another raise 12-18mths as there is no scale up potential in this business.
Sorry to see people losing money, as updates go it's pretty terrible! Absolute shambles and they must have known for a while that prospects for growth were disappearing fast. God knows where it goes from here! Grew too fast then lumbered with too many overheads and too much RD costs. Looks like a tough 18-36mths on the horizon
Something definitely brewing maybe a little redemption is coming our way
If you read the statement they basically just gave notice and confirmed they had never brought any concerns to Tils board. Given the auditors are in London it maybe they just wanted to end the relationship