George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well what's a speech and so enlightening.....
The reality is. We'll probably get the permits this week. Hopefully that will clear out the traders current positions and the SP should start Its inevitable journey northwards.
Looks to me like Panmure are holding this down as best they can, maybe for their US clients who don't want to enter until permits are approved. So not long to wait at all then!
Blissful, last sermon today i promise.
If there were indeed many more sells than buys , the price would drop. The Market size is 50k so when buys of 250k + are made, the reporting of same CAN be held back for a day. So when the price moves on ahead those late reported buys appear as sells as the software only recognized time of logging.
Setanta your 11.43 post although complementary puzzles me slightly as i don't think I'm entirely in your camp. I'm no Warren Buffett, in fact I'm 20years his Junior...
What i can say though in my professional life around the Stock Market is i have gained some wisdom especially when it comes to AIM. I've had some howlers i can tell you but having researched this company and its management i am fairly optimistic of a resounding outcome over time. Now that time may very well be more extended than some would like and that points to an irony as a result of Covid. Many newcomers have "joined" this game finding time on their hands and a desire to make fast money and often not playing with their own. Sadly far less "oldschool" thinkers have made it their desired employment. Investing is a strategy and patience and your own money are gold standard requirements for long term success.
You have stated that their is no interest Stateside, i disagree. Granted we see very little action on the USOTC but that doesn't mean their aren't US buyers on AIM. I would hazard an educated guess that many positions shown today as sells are in fact yesterday's buys partly from the US and this has been happening for a while with some building a substantial , although below declarable, position. You may note that i have not posted for very long on this forum largely because my employment prevented me from do doing so until my belated retirement earlier this year.
Maybe i shouldn't come on here stirring up trouble but as an old out of work fart i get bored too!
Why have i invested here to make a few more million?
Good question can't spend it on booze and women....at my age. Former would kill me eventually, latter, rather more quickly i suspect!
Don't really want to get into protracted one to one. However, the companiy's philosophy has always been environmentally slanted. Sure. The gas from 16 to was more than expected but I was never an advocate of the bitcoin idea and posted emphatically on that before. They changed their mind and very much approved when they did. They now have a solution which monetizes the whole well far more effectively and if it takes more time that's fine with me.
Cant quite figure what you guys are trying to achieve. The share price today compared to where it was 15 18 months ago is an irrelevance. Now if they don't develop 16:2 and the 36s . That is clearly not the plan, however, very much pointed out by the recent acquisition of gas gathering lines, production plant, etc etc etc. Once they start opening up the paradox and I believe they will soon. It's a very very different company and a very very different SP. Fact
RB if three wells come in and 16-2 is tied in and gas taken off then 15-20p is not only realistic but probably conservative. However, we must hear positive on Fed permits this week to start the ball rolling.
Al IMO of course...