George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
"P.T. Barnum Isn’t the Hero the “Greatest Showman” Wants You to Think
His path to fame and notoriety began by exploiting an enslaved woman, in life and in death, as entertainment for the masses.....The Greatest Showman, which presents Barnum as a smooth-talking Harold Hill-type lovable con...."
Well if the cap fits..
Yep Delster. Barnum & Bailey
Yes, in the same way the Wood Group 'were sure' that Enegi Oil were going to strike gold.
Optimism bias is always best controlled or it can lead to the loss of many £££.
Missed out Schlumberger at GH.
Yeah he deleted it because oh yes he said so. It wasn't then because of all the 6+1 imminent insider BS deals incoming then? For all we know LSE deleted him.
And they are back at it and folks are lapping it up. Just so happens everyone is happy and comfortable again. The two biggest shareholder top investors (sic) are back and bouncing along. And who wouldn't follow people who have 'invested' thousands upon thousands over a decade and seen zero return (being LTH they don't trade of course) and the share price tumble.
But here we are again, Pavlov is back and ringing the bell.
That's far too logical and rational SBP.
Its because Matrix changed in to a Cobra....see how long this one lasts..quick ShareTag read it and then eat it..
So Matrix never really left, just changed the name and toned the posts down slightly..
Don't worry Delster. It's called displacement. They can't face up to the fact that they hung off the words of a false prophet so they lash out at anyone other than confront their own multiple failings.
Still I will guarantee you this. It would take one bs post from Seadog and they will be wetting themselves. Staring like lovestruck teenagers.
And so the the cycle would start again.
But...what will the name be this time.
Keep your eyes open.
MrP
You could also ask why the Wood Group associated itself with Enegi Oil.
Ultimately it meant nothing.
Which is why I take little notice of the blather that surrounds X signing an MOU with Y etc until it results in hard cash.
I will tell you how much emphasis to place on anything said by anyone even a CEO. Here is a blast from the past from 2014. Does it sound familiar in any way? And check out that portfolio...wow.
"Oil and gas exploration company Enegi Oil has raised £2m through a share placing with a new investor.
The Manchester-based company, which has a portfolio of assets located in the UK North Sea, Newfoundland Canada, Ireland, and Jordan, raised the funding through a placing of 24.8m new ordinary shares at an average price of 8.07p a piece.
US-based investment fund YA Global Master has taken the shares.
The injection of capital will cover Energi’s work commitments for the Fyne field as well as Dunmore and Helvick in the North Sea and Ireland.
Enegi also intends to apply for new North Sea projects in the latest round of offshore licensing, which is now open.
Alan Minty, chief executive of Enegi, said: “Considerable progress has continued to be made on our marginal field initiative in the last few months.
“We look forward to working with Antrim and taking Fyne forward through to first oil using ABT Oil & Gas’s appropriate technology as well as commencing our activities in the North Celtic sea and applying for further opportunities in the 28th Round.
“We also welcome the findings of the Wood Review announced yesterday which have been wholeheartedly backed by David Cameron and the Energy Minister. This Review mirrors the objectives of our marginal field initiative.
“Through ABT Oil and Gas we are identifying low risk marginal fields which are unable to be developed using conventional development solutions. Using our appropriate technologies, working with industry operators, we believe that we can maximize the recovery from these assets in the UKCS and internationally.”
Where is Bimon Sygrave when you need him? That's the sort of Twitter update that's needed.
Renroc,
Re 13.33 post: "Lets be honest, all of us knew that the cash was running out fast as per the accounts and cash burn..."
Hang on their fella. A certain Seadog shot anyone down who dared hint at a placing being required. All fine, they refused cash. Nudge nudge, wink wink. You know why they refused the cash nudge nudge wink wink.
And I will keep mentioning the illustrious Seadog. A conman who conned many of you. The evidence is there in front of you. Go back through the posts.
So, to answer your point, I actually think very few either believed or wanted to believe that a placement was needed. Better to rely on the optimism bias and the words of 'respected posters' (sic).
A superb lesson here on the pitfalls of AIM.
That said. I do hope those that can turn some money around out of this do. If it goes up to levels where you can take a profit do not let greed drive you. Or the BS of posters. Take that profit. Trade it to death. Its all it deserves.
GL.
It's tempting at these prices isn't it.
The risk is huge. The upside unknown.
As they say..best to not try and catch a falling knife.
If you are convinced of an upside Seadog 28p boom then why risk more hard earned cash? Sit tight and wait for the good times.
Roy
No-one has ever made anything from Enegi or Nuog being a LTH. I'm unclear why it's a trophy to be sought out.. I'm a LTH.
It's why Seadog and others on here were traders while stating they were LTHs.
It's why people were puzzled that 1m and 2m blocks of shares have been regularly sold in to ramped up rises.
The only way anyone has made any money in this and Enegi over 10 years has been to buy and sell.
Too many people latch on to prophets on here and elsewhere and clearly still do: boo hoo don't be nasty to seadog he was just sharing information. Oh dear.
For those people I would suggest you get a good portfolio of blue chip companies and reinvest the dividends. Stop chasing rainbows.
It is rubbish what has happened to many on here but aside from looking at the company many need to look at themselves and understand how they got here. And take a long hard looking at your best buddy posters.
If you get a chance to flip any and make money then well done.
Delster
Thats because Seadog was an out and out trader who duped a number of people.
Ever wonder why when things were 'good' and the price was moving 'up' a mystery seller would pop up selling blocks of 1 or 2 million on a regular basis? Ever wonder why he couldn't make the AGM? Obviously so busy at work but not too busy to bang out dozens of posts a day.
Still Im sure there plenty on here who will keep falling for the rubbish pumped out by many many people including the hat eater.
Rather that than simply admit to themselves that they were had.
Hey Knight Rider..are you very happy with the price, very very happy or very very very happy: PMSL x 1 billion.
Who wouldnt be happy when a 10 year 'recovery share' (remember the original issue price anyone? Tedules maybe..are you here...ha ha ha ha oh make it stop) drops off a cliff and you have to get 100s % increases to get back to where you were last week.
Hey ho.
RX fantastic observation. Can you tell me why the Wood Group hooked up with Enegi Oil? Keep the amazing analysis up though. I mean Wood Group are small fry aren't they.
And Knight ffs. It's clear you are well underwater. Give it a rest and stop trying to drown everyone with you.
As if shareholders haven't suffered enough. Just when you thought it couldn't get worse..
Here we are subjected to a weekend of ExcitingTimer (Seadog) feelgood frolics.
To fall for his piffle first time round was excusable (to be charitable), but twice would be certifiable (to be charitable). Oh and given it's such a lovely day has anyone detected the scent of a barbecued hat on the air?
Just in case you were wondering, I used to post as Tedules in Enegi days PMSL x a billion. That was a real cracker. Nearly fell off my chair laughing when I saw that one pop up a few weeks ago.
Ah Badger the great judge of character; great 'friends' on these BBs with Kevjow and Wisecrow et al
Juno - Barnum & Bailey would love you. Is it really beyond you to register the dozens of times LT has 'had a feeling'?
Every time there was feedback on Enegi in the old days from any meeting he looked Minty in the eye, read the body language etc. Always had a chat with special people so knew it was all just around the corner...man I can do business with blah blah, and on and on. How many years is that, a decade? What feedback re the new folks around the table at Nu, the same, man I can do business with zzzzzzzzzz. And as for him and his 'knowledgeable' posters. Hilarious. Only one missing is Seamonkeys.
Totally broken clock syndrome, having said that the broken clock is at least right twice a day if its ticking. LT cant manage once. Tock, tock, boing.