George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Haven’t been around since selling at 3.1p a few months ago, I’ve made up most of the loss from here now and, as I clearly don’t learn any lessons, I may buy back in maybe. But. Do we have any gas yet? It does not seem like it as there’s no mention of it in recent RNSs.
Government seem to be taking an awful lot of credit for this deal. Do we know if they actually helped in any way whatsoever? I’d wager not.
This really is a nothing RNS. There's nothing here to move us on, looks like they felt they had to get something out to keep everyone awake. How much longer before a RNS with the subject of "Commercial Flow Rates Confirmed From Production Pods" and "PPA Agreed".
Having read the RNS again, there is still no confirmation of commercial gas flow rates, and also too many "could", "expected", "aim" etc. 20Mcfd at the moment, what rate is considered to be commercial?
PPA by the end of the year would be great, but again "subjec to" etc.
This week also gave me the chance to top up under 7p, which I didn't think would happen again.
I got spiked hard on these at 12p. I'll average down a little now that there seems to be some potential.
RNS reads well, acquisition completed, loads of cash, and relisting at the end of the month.