George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Epic
To be fair its less of a ramp and more of a statement, and the poster might have just been trying to share what he/she/they think is a good opportunity.
I did have a very very brief look at it as I'm always open to a new idea.
It has gone up some 60% plus today. I'm not holding it, and not keen to at the moment. There will certainly be further fund raising needed, lots of promise, but not enough meat on the bones yet. Some may think its worth following, but its too much risk for me at the moment.
I'm expecting an extension RNS tomorrow tbh.
Big picture...... does it really matter. As long as the deal goes through, and I have little doubt it will, this will be very profitable.
Extension or no extension, of one thing I am certain, there will at some point be setbacks in the future, it's the nature of this sector. Again as long as the foundations are good, does it really matter.
That said of course I would like to be proved wrong tomorrow.
If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:
If you can dream—and not make dreams your master;
If you can think—and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build ’em up with worn-out tools:
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: ‘Hold on!’
If you can talk with crowds and keep your virtue,
Or walk with Kings—nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son!
It is annoying, but I don't doubt the deal will be done.
I am not sure that it will be this week, but there will likely be an announcement to confirm whats happening.
Unfortunately many AIM investors are jittery if things don't go as planned, so this may well drift lower in the immediate future.
Personally I would be surprised if it dips below .7p, but if it falls to a point where stop losses are triggered it's possible.
My view is that as soon as the deal is completed normal service will be resumed.
Junior miners/explorers are not my thing. But I see Lithium in a similar phenomenon as oil was in the early 20th century, but with an even greater demand over a shorter timeframe. This has forced me to invest in sectors that are new to me.
I am typically now more risk adverse than I was when I first statred investing 30 years ago, so tend to be cautious in my expectations.
I'd like to say that in a couple of years this stock will be 10p, but am I basing that on wishful thinking or probability.
I am very aware that in this sector there are many with far greater experience and knowledge than I, and would be pleased to see what they believe the SP will be in 12, 24, 36 months.
I am convinced that I will see a handsome profit, I am just not able to determine how handsome.
Roger
I agree the funding is pretty much priced in, but not totally, as until its in the bank, the deal is not done.
But mostly its that the funding isn't really cash, I view it as a tool to progress.
The big rise will come from developing the gold assets, expanding the resource, and production. At these points I would expect increased interest from institutions.
My personal view is that this will almost certainly rise above 1p in the next couple of months, and depending on drill results etc., will stand a good chance of hitting somewhere around 2p by this time next year.
If FOMO takes hold it could peak far higher.
In 5 years its anyones guess, but I'd also hope for a dividend by then.
Its only speculation on my part and with miners/explorers and there is much that can go wrong to slow progress.
I hold a few across various sectors.
AAL, ADM, ALL, AV, AV.B, BHL, CLIG, CUSN, EVR, FSFL, HSBA, KOD, LGEN, MNG, NG., PHP, RIO, SSE, UKW, UU.
On my watchlist.
1SN, ANTO, ATM, DNL, EMH, GLEN, HFEL, SAV, THRL, TRIG, ZNWD, NVS.
Toptiger
I am not convinced we would see a drop below .7p based on another extension.
In effect nothing has changed, it's just a delay.
I conceed that it may harm sentiment and cause a few impatient holders to sell, which could result in a slight fall in the SP.
I am unlikely to be one of them as fluctuations in the SP based on nothing but sentiment are of little interest to me.
My question would be, what has changed to the negative regarding to the business that I have aquired a small part of.
Well after some thinking, I have just added another 3487 shares. It just looks too cheap to pass.
That would be nice, but I'm pleased where we are while waiting for news to drop.
I think that when that happens there will be a feeding frenzy, and if FOMO grabs hold we could see a steep spike.
Makes little difference to me as I don't intend to sell with the information I have at the moment. I intend to wait and see how production goes, and what news we get on gold / resourse upgrades.
I rarely get over excited with stocks these days, but I must cautiously admit that this one looks good at the moment.
The first hour of trading has shown a small but consistent upward pressure on the live BID.
It now sits at .776.
I cannot really see any reason for it from the trade information that I have access to.
I can only assume that while there is plenty of free stock held by the MMs, there are not many sellers.