George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
For those who may have missed it:
"Drilling operations progressing at Red Deer-1, targeting 48MMbo of Mean Prospective Recoverable Resource #MATD"
https://twitter.com/Petro_Matad/status/1164822607708823553
I do not understand why there remains to be reference to previous drills when talking about the current campaign. Out of curiosity, how many of the previous drills had a COS of over 75% deeming them as appraisals?
Agreed... More recently I find myself dreading the weekends instead of looking forward to them. Now they're just another 2 days where the SP cant rise. Another great day regardless! The next 2 days should be very interesting...
Groover - You can add an investment ISA to a trading platform of your choice, most banks operate these types of platforms, alternatively, there are platforms such as IG who operate independently. Once you have selected the right trading platform for you and registered witht hem, you can then request a trading ISA through them. The process itself is quite straight forward and there's a decent amount of content online regarding what to look out for when choosing the platform for you.
With regards to executing trades, you will use your selected trading platform to do so independently and can execute a buy or sell trade/order independently at any time during market opening hours (Mon-Fri 8:00am to 4:30pm exc. Bank holidays). Hope this helps and good luck
10.71% up with only 425k shares traded across 11 Trades today?!
Donkee - Looks like of of those trades were corrections, only 250k went through.
On another note, actual sell is 7.485p and sell is 7.5p (dummy trades for 100k shares)... Thats the tightest spread I have seen here for a while. Its going to move very soon.
Lockyer - Welcome on board! With regards to the investment aspect, I would always recommend doing as much research as possible and developing a strategy based around the information available at hand. With regards to why your buys show as sells, I have seen a lot of speculation, theories and myths around this but the fact of the matter is as follows:
Trading information is retrieved from the London Stock Exchange by platforms such as London South East and other similar websites. The information retrieved does not specify whether the trade was a 'Buy' or a 'Sell'. this is determined by the platform using basic algorithms.
If the trade price is closer to the 'Bid' price (or under the 'Share Price'), then the trade is identified as a Sell, therefore appearing in Red.
If the trade price is closer to the 'Ask' price (or over the 'Share Price'), then the trade is identified as a Buy, therefore appearing in Blue.
Finally, if the trade price matches the 'Share Price', then the trade is identified as 'Unknown'
Typically, what tends to happen when the spread between the 'Bid' and the 'Ask' is significantly larger than usual, sometimes the actual trade price may be close to the 'Bid' or the 'Ask' which may result in buys showing as sells and vise versa. Hope this helps and good luck with your investments!
moveonup - Based on the 35 day estimated completion date provided by PM, Red Deer is estimated to be completed on September 8th/9th 2019 as well! (counting from 4th August 2019 when the company stated spud had initiated). I have run through a few scenarios in my head and cannot decide which I would prefer...
We are currently in the process of closing a gap and should start to move up properly once we break past 7.90. Good buying pressure today so if we continue in this direction 8p should be on the cards by close of play today/tomorrow.
blissful - Completely agree. The proposed time frames were given with significant contingencies to mitigate delays like the one we encountered recently with Heron. I would not be surprised if we received news a week or so in advance to the time frames provided. I expect to see some momentum in the coming days/week in anticipation for first news.
Wressle would be a token bonus in the grand scheme of things. Inishkea is what initially sparked my interest here, however, the more I learn about the prospects here and their potential the more interest I develop with this share. Based on high level research thus far, the upside outweighs the downside significantly IMO.
Unfortunately for me, my funds are currently tied else where, however, I will be looking at building a reasonable position here in the coming weeks if the SP stays at these levels. Until then, wish all genuine investors here the best of luck.
Today's volume has been negligible to say the least... I anticipate we should see good buying pressure from Wednesday on wards in preparation for the bank holiday weekend as news could come at anytime from Tuesday 27th August 2019.
I am not sure PM will RNS the government signing news independently and may wait until we have news on Heron/Red Deer IMO. Either way, as both drills continue to spin day by day, we should see the SP rise in anticipation for the long awaited news IMO. I know I wont be letting go of 1 share at these ridiculously low prices. Exciting times ahead... GL all
Factoring in there are 9 trading days remaining before the end of August (including today and the bank holiday), if news on the Balcombe application does not come in as promised then I believe sub 1p is likely. Even today's RNS does not instill confidence with the gas field...
Still miles to go before we start to see a decent recovery here and with sentiment shattered by the most recent turn of events, I do not see it coming back anytime in the near future. Either way, wish all of the LTH and those who are stuck in here good luck in the coming weeks. Hope you can recover some of your losses sooner rather than later.
According to BBC news... I do not believe it is impacting all shares, just FTSE100 and FTSE250 but just in case...
https://www.bbc.co.uk/news/business-49367948?intlink_from_url=https://www.bbc.co.uk/news/topics/c9qdqqkgz27t/ftse-100&link_location=live-reporting-story
"The Company is pleased to announce the extension of the Second Term of the PEDL 244 Licence to 1 July 2020. Furthermore, the partners in the Licence convened on 23 June 2019 to formulate their plans for an extended well test at Balcombe and a planning application to that end is already in the process of preparation. The application is expected to be submitted to West Sussex County Council before the end of August."
Im guessing this has not yet been completed?