George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
One seller is good news. Means they’ll be snapped up at the higher SP. Need a new generation of investor as well as the early buyers.
Gatti, the SP should be £2.50. Others will say 50p. The SP, fortunately, doesn’t reflect an individual’s assessment but the market as a whole.
Blue, that’s great and we need more constructive posts like this. Personally, don’t want to see a steep rise but more a gradual one with a narrowing daily range that instills confidence in the market. Charts are open to interpretation as are many technicals and no one can really know what objectives investors have.
I have to disagree with the ‘horizontal’ view though (are we on the same page and talking BTC here?) IMO, the downward trend reversed on the 8/9 June and have seen upward moves followed by consolidation, followed by upward moves which has been a consistent pattern historically in reaching ATH.
Clear to see BTC is on the rise. Projecting forward, I’m sticking to $42-$43K Friday and ARB to £1.60-£1.70.
Mickey, is it manipulation when the SP increases by 10-25% in a day?
If no buyers for sellers price drops until demand picks up at lower price
Talk of a BTC death cross is absolute rubbish. After big BTC gains, always steadies before next rise. Look at candlestick chart over past few days. BTC will be between $42 and $43K by Friday.
Not worried at all.
If and when it happens, look what occurs afterwards!
I’d agree if not BTC @ $48K. Either way BTC is now en route to ATH - my guess $85K
And don’t forget, the BOD will probably have bought at the 100 - 110 lows but under a different guise
Literally only one reason why our SP is dropping now. HUGE buy orders!!! This is the time to buy ARB. I’ve just bought £10K more, I’m that confident!
I’m no expert Del, as I’m sure many will testify, but we’re seeing good value here and imagine when the BOD buy more shares! Massive rise. Nasdaq. Massive rise. BTC to ATH. Massive rise. I see £3+ by the end of July.
Volume is low too. Kinda get the feeling something big is about to happen. Still think we could see £2 by end of week. I’ll take the ramp on the chin if I’m wrong.
Trying to look at the bigger picture. Over 50% of ARB share are held by retail investors. I quite like the fact that the BOD sold their shares. It means our SP is in the hands of a few II’s and PI’s so we’re more likely to see true value and less volatility as a result of BOD actions.
BTC has still not shown its hand and we’re awaiting a confirmation of a bull run. PI’s, despite my previous post to the contrary, are probably day trading to a greater degree. I still think there’s wariness in this space but BTC to $42K and we could see a sharp ARB correction to the upside.
In AB we trust
Please sell your shares tomorrow, you’re an embarrassment
Gatti, you’re wasting your time here. Nothing you say here is going to affect sentiment cos you’re not credible and are inconsistent. Do you honestly think the lettuce hands which you may influence will have any effect? No. Serious investors with real money and experience to invest know the truth. This, I take it, is your last hoorah.
ARB close tomorrow £1.75
BTC $48K+ by end of week.
That’s good btw!