George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It clearly tells you in great big CAPITAL LETTERS that the city thinks that the two clowns are totally incompetent, maybe one clown will sack the other and blame each other for the total car crash they have created? JMO!
How much money will be left from the Shell £ millions with no sign of any planned work on West Newton, no income from Colle Santo and two directors taking huge salaries whilst overseeing a Titanic failure of the business, not to mention writing down countless expensive assets as NON-CORE due to abject failure to carry out due diligence it appears? JMO Adyor!!!
Let's hope that Redx finally gets the recognition that it deserves when it leaves AIM and eventually relists in the USA or gets taken out by Private Equity, but £80 million valuation two weeks ago at 20p per share still significantly undervalued the company IMHO considering the amount of work and partnerships Redx has achieved over the years. The Jazz pharma deal of potential $870 million should have propelled the SP much higher you would have thought? One can only assume that this was the final straw for the Redx BOD to decide to leave AIM and look to relist somewhere else that recognises the true value of the company. Good luck to those holding on for delisting and one assume the day traders will be winding down their new positions very soon? AIMHO ADYOR!!!
Big vote of confidence in Redx by the CEO. I'm not sure why she bought the shares with her own money, surely she would have been better off awarding herself free shares or a zero value LTIP? Very unusual move don't you think 🤔?