George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Im personally not surprised at the speed of the drilling program. They diluted us to raise cash specifically FOR drilling, and as Gizzard says, it was planned. From my perspective the sooner they get on with it the better. additional motivation might include: a prospective buyer has asked for more meat on the bone, or further firming up METS results, but with both these scenarios there are price-sensitive reasons to not give too much info to the market.
Put into perspective, that drop of over 9% happened over 6 quite modest trades, one of which was a buy. I’d hardly call that a momentous sea change.... just MM’s playing with the best place to pick up two-way trades (find liquidity).
Agreed Gizzard, I feel the same. Im going to put my neck out here and predict the end of this week will be proper blue, we have a tested resistance level several times. We have had our asset derisked, we are applying for a mining licence, we are further proving up the asset, and we are expecting not just the Mets (which are rumoured to be game changing), but also news of a prospective buyer. That in itself is reason to invest, but to put the Feng amongst the Shui..... Our SP is so low even Donald J Trump couldn't stoop to it.
isnt one of the main differences between AIM and the FTSE the level of financial accountability and detail provided to the market ? ....... BMN has recently employed a new finance director with vastly more experience......I wonder why........
I’ve got a good feeling about this, for the first time in years the feng shui seems to be finally lining up here. Lots of anecdotal signs of buyers and positive share movement, wonder what it’s going to take to tip it ......
Well, I signed up to the Fool a few years ago, it was a foolish decision for me. In my opinion they show all the classic patterns of taking backhanders from companies to promote them regardless of fundamentals. In retrospect I found some articles that they had simply not researched properly. I guess companies that make a living out of promoting (or demoting) shares are often in the pockets of whoever finds the money to pay for them. Look at how they pumped Woodford-connected shares back in 2017-18...and shares like Ted Baker..... Just my opinion though :)
....and can I politely suggest everyone just reports Mapps posts, choose 'disruptive' as the reason, I already have but LSE dont actually do it until there has been 3 or 4 complaints.... Mapp, look mate, you've clearly had a bad time of it, and I am really sorry, my heart bleeds for you, but you should be taking up your issues with the FCA, its hard enough dealing with Jippy, Steve and tea-bagger and the other 5-year olds who cant read without becoming a creche for disgruntled investors too. Theres only so much we can do for you poppet, some of us have even wrote poems composed rap-songs for you.
No, anyone who can read above year two level knows Its so undervalued it's embarrassing. Todays trading activity is a damn good argument against allowing trading and shorting on AIM, however, EUZ have a hugely valuable asset that is being de -risked as we speak, with more transformational news to come (imminently). You'd be a fool to ignore it........ so i'm just putting this down to immaturity and lack of judgement on the traders side. Back to blue tomorrow.