George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The bad news has been reflected and priced into the SP over the past year as evidenced by the SP performance over the last 12 months. Better than expected progress has been made in cost savings which is in the RNSs. Sales expectations have been lowered given the decline in sales as shown in the RNSs.
Overall, the bad news has been issued imo (reflected in the mcap). Weather conditions have been okay for trading and covid distortions in trading removed
In part this relates to the trading results which had already been published this time last year. These should be out soon and I expect these to be favourable including on cost savings. If so, these will be the main propellant for a rise in the SP.
I would hope anyone placing their hard earned money into any company would have done their due diligence including investor presentations, reports, rns’c etc. eyes wide open. Risk vs reward. Simple and never press the button on that which you cannot get a good nights sleep on.
This could go up my many multiples. My issue is when which we do not know....
Let's ve realistic. Time will tell. It could take some time....definitely hold.
Super news....... Good stuff.....