George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Whilst I can't pretend I have a clue what's going on I do remember us talking out Lemur to get the 4-5 million they had in the bank and buying (stealing would be a more accurate word) our processing plant from from Evraz for virtually nothing - a deal described by a leading mining analyst at the time (his name escapes me) as the best deal he has ever seen - I'm prepared to have confidence that whatever they are up to will be beneficial to us.
Maybe a low share price has saved us money.
Just my opinion.
I spoke to the new operations Manager of a huge energy saving Company today and he actually knew all about VRFB's.
I speak to a few people in that line of business and he is the first who had even heard of them, never mind knew all about them. So the word is travelling. He agreed it is inevitable they will gain traction.
macanman. That's marvellous. I joined telegram to get on the BMN group but don't really know what I'm doing and can only find the group that isn't the one I want.
So for about the 5th time of asking, can someone please tell me how the f**k I get on it.
Please.
My take. The communication has been SO bad it has to be deliberate. Given the, let's face it, brilliant job they have done to build the Company I think it's fair to say they are not stupid.
Originally I thought it was because they wanted to wait until a JSE listing so their mates could get a piece of the action before they released news that would send the SP up and I still believe there is some credibility in that view.
However, a number of events happened to delay that. Most notably Covid but also Eskom moving at the pace of a stoned slug.
Who knows how many non disclosure agreements they may have been subject to. Not just from Eskom but other Companies that couldn't disclose info' due to various reasons.
Two RNS's this week gave me hope that maybe the expected avalanche of news is finally about to appear and I still think that may be the case but I am convinced that whatever the reasons the bad communications have been deliberate.
I added 36,000 shares this week at 6.9. On top of my 9 year accumulation of 500,000 at a shade under 100k spend.
I'm either a genius or a moron. Only time will tell but I'm comfortable with my choices at the moment.
I never thought I'd agree with cc but you can't argue. The SP is a total disgrace. I have to justify to my wife why I have invested our life savings here and I don't have an argument that she will understand or I can justify or she will accept.
I have kept the faith for 9 years buying from 4.5p up to 28p and then down again.
I used to be the resident comedian on this board but even I am starting to wonder if I have dropped a big cohone.
Oily. We live in hope. Having said that I have been living in hope since October 2013.
I have no doubt this Company will fulfill our expectations but it will be despite the SA Government, not because of their help.
OR. You would think so. However, I think my post of whenever it was sums up the problem. I will re- post it below.
So I walk into this bar in Jo'Berg and who should be sat at the bar drinking Campari soda and Creme de Menth? It's only old greedy Gwede!
Stone the crows.
Ere, GG, how you doing? I haven't seen you since.....
Ever?
Yeah fair enough but bygones and all that. How's it going?
He gave me that look. You know the one. Being a white middle aged heterosexual I'm used to people taking offense at me these days.
Not too bad in fairness. Just brushing up for a press conference tomorrow.
Oh yeah. Announcing something are you?
He gave a throaty chuckle.
You are new to Africa I presume? I will be announcing a committee to look into a proposition to think about a course of action on the feasibility of a possible project in a few decades. Subject to various conditions and investigations to be proposed and explored by a number of sub committees and regional quangos and the womans institute Olympic flower arrangement team naturally. I will brief the Grandchildren for a possible future announcement.
Really fast-tracking this one then GG?
He beamed a little look of satisfaction. Honestly, he really did!
We don't let the grass grow under our feet these days.
We try not to let it grow at all!
Kevcan. I've been maintaining for years the domino theory and have stated always that a JSE listing would be the first. However, a main listing through MUST would enable a joint listing.
So we may both be right. Either way, when the first one tips over I still believe it will cause an avalanche.
Shame I have to keep revising the time scale.