George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I'm convinced MB would say a lot more if he could do so without jeopardizing PM's interests. Don't forget that we investors are on the sidelines speculating what could or could not be. Ultimately we have no clue of what's going on behind the scenes.
To me it looks like PM/MB has no influence concerning the last signature (or whatever) required for the issuance of the LP.
This is a sh**tty situation.
My modest guess is that those PIs who are willing will need to hold out a bit more.
Disappointing to say the least. Looks like nobody really knows the cause.
Clearly there is no identifiable trigger for this downfall; in particular, the investment case has not changed.
So: I for one am still holding on and will not be distracted by these type of movements.
ATB
"I will not report you as you make me money."
That's what they all say and claim - unfortunately nobody is "making money"; actually, they are losing money - what a shame!
Doc: I agree to your assessment - there's nothing to critisize; Nobody - or at least myself - is saying this is a "done deal".
But what are you here for? Betting on done deals? If that's what you're looking for then good luck - "done deals" are not worth betting on.
Should clearly be at another level. I assume that a lot of (potential) investors are reluctant to invest in a company which has time and again disappointed concerning relevant timelines. I hope we finally have now reached the sweet spot everybody has been waiting for!
Wigster: I understand that you prefer to be on both sides of the equation. But being slippery doesn't really give you a clear profile.
If that's what you want then you're doing a bang up job.
Oh Doc: "being more right" appears (at least for you) to be the ultimate measurement - congrats - I hope you feel better!
I'm sure you understand that I'm not only one who would like to say good riddance to a non valeur like you once and for all.
Posters who acknlowegde the potential of PM and would therefore display positivity regarding its future devolepment. However, It appears that the ideal world has not yet reached us yet - wouldn't that have been be nice!!!