George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
If you think about it. It is the MMs job to make money. They will be rubbing their hands at this opportunity to scare people in to selling their shares, and they are more than happy to take them. Then when they drop the price by a large percentage, people pile in at a lower entry point or top up. Basically your buying the shares that the scared sold. If there is no story/rumour then the share stays stagnant.
The company is worth no more and no less than it was yesterday, last week, last month. The assets are the same, it's just MMs playing on the uncertainty of when the finance is going to land.
IMA.
This is one of those shares that could be outside the usual life of mine perimeters with regards to investment.
My reason for saying this is that the valuation used for Lithium compared to actual price at the moment is way way less
So a potential big big upside on production.so like you will hold for a few more years if all is going well.
GL
MMs have dropped it so much when the news breaks and hopefully in our favour, we will just gain back what they have taken over the last week or so.
Seen it happen all too often. As a long term holder it sucks, but I'm not brave or clever enough to jump in and out.
My take on it is they have spent more on the case than will be the settlement, so they will take it all the way.
It means very little to them in monetary terms. So while there is a chance of winning they will huff and puff all the way.
Effectively 10% drop, then the price will go back up and the MMs make the money on no news. Just cost you more to buy back in.
Nobody knows for sure but I know I'm not lucky enough to jump in and out without losing. I'll hold and keep everything crossed. I don't see a problem, just maybe another delay if any. Been here to long to worry about a few weeks or months longer.
If Tesla knowingly used technology supplied by Maxwell that was of , shall we say questionable. Then they are indeed liable.
I'm not saying they are, but there is most certainly a way they could be.
We don't know enough to say either way.
I think maybe the missed dates for completion, is just things that are out of their control and they have been a litt over enthusiastic. I would have preferred to have an end date given and the deliver early rather than this way round.
All part of growing both on the company's part and our part as investors.
If you invest elsewhere then you have already had a valuable lesson.
Don't stress it but don't forget it.
Just had another cheeky top up.
Can't resist on a down day so close to news.
It's all a gamble but I think the odds are greatly in our favour.
I know it's not a certainty as I've been doing this long enough. Only invest what you can afford to lose.
That's it, for me as much as I will throw in here.
GLA
That's why I asked my Question. If they are replacements then they are burning through them at a fair lick. To follow from that looking for a team that expect to win when others may have told them otherwise.
Just guessing, but with lack of information that's all it is.
Absolutely, glad they secured the funds.
I had personal experience of being right, but not being able to afford to take on a large corporation. The fact the judge has already found in the Capxx favour in the past is a big big plus here. To try a similar case and find in the opposite direction would leave questions over his original decision.
The only thing I will add, is that Maxwell won't care. They will try and scare Capxx into submission. Even on an offer basis.
Just my two pennies worth.
Good luck all.