George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The mcap is not even close to £17 mil. 32 million shares to hit the market on the 29/3, at current share price that’s a mcap of £34 mil then you will need to take into consideration a further £24 mil in loan notes.
Capital have gone.
Who has been buying them though?
100 mil as of the 24/01/2019. They will have nowhere near that amount now. Very likely that they have been drip feeding shares over the last couple of the weeks hence the sharp fall in SP. Expecting to see large delayed trades Show up so early next week to confirm that CF are now out, due to them going into administration.
Interestingly Otto Energy are still trading. 5% drop overnight in Oz
Noticed that these two ********s are involved.
I think I will skip investing in these corrupt jokers.
“important step on our road to final investment decision (FID) by the end of H1 2019."
Is that including all the buys on NEX? Never seen so many trades go through NEX before.
When are INFA expecting news on funding?
Could do with an increase in volume to get Bergen out of the way quicker. I think they are forward selling the second $500K as we speak and then after that they will have another $500k to convert also. This may drop until enough volume comes in to counteract Bergen heavily selling shares. Really hope we get funding before the second load of securities are converted otherwise its the same all over again.
Time for me to switch off for a couple of months and top up where possible.
Gbjoeblogs, i think the vast majority of the new shares have been forward sold again, hence the price drop yesterday. A Bergen conversion RNS in my mind is good news as it’s a step closer to them being out. If they convert another $500k then they will already be 2/3rds of the way through the first convertible security. I expect AP to secure off take pre-payment finance and kick Bergen into touch before the second convertible security is converted. If it plays out this way then I see buying in now as a great opportunity. I wouldn’t throw the kitchen sink in here just yet, but scale in at different price points and keep some powder dry just in case it drops again but I think this as a great risk vs reward play, with huge upside.