George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Cownos,
Obviously wasn't you as this is your first contribution to the thread, and of you'd read the thread it wouldn't have been too hard to work out.
But let that stop you from taking to the keyboard to vent.
Have a good day x
I don't think Mr Griffiths is anyone other than someone with a good chunk of money to invest and an eye for a bargain.
I have no idea what his average is, but let's say it's higher than current price at 0.1p, 3% of MNRG costs you >£40k.
Much better than the £72k I've paid, over time, across different accounts for my 1.4%!
Timing is everything.
Maybe he's a train driver?
Yes, typical AIM/small cap...
Good news : spike the price and then...
No news : just keep dropping the price until holders lose the will/netve to hole.
Then repeat.
Just keep holding until fundamental news lands, assuming you believe it's coming.
But please, everyone, stop with the 'good time to top' like it's some sort of idle threat against MM's, just boring.
London in the process of killing itself...
https://www.telegraph.co.uk/business/2024/03/05/currys-investor-hits-out-absurd-london-stock-exchange/
Crazyfox, I hear what you're saying, but that's where the magic happens...
Traditionally, share prices are based on estimated future returns (20:1 ball park), not the asset worth of a business. That's why..
A. When someone offers to buy a company we (usually) see the share price rocket. It's the moment we see the true worth of a business realised.
B. This is why nearly all AIM & small caps (no divi) see their share price arbitrarily valued very loosely on the underlying assets, but mostly on demand for it's shares (and at the whim of the brokers).
In EUA's case, there is NO WAY to accurately value it's assets or what a potential buyer is willing to pay, especially given the massive risk currently associated with them.
Ergo, and potential buyer of the business would need to put a value on the assets, not just the mcap.
Hope this was sensible enough for you, but I suspect you already knew this?