George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I guess the point here is that a professional company should maintain high professional standards.
The website isn't of any strategic importance, but is that an excuse to leave it outdated? If the website is wrong, what else might be neglected within the company?
I'm play devil's advocate of course, but you take the point...
Sadly the macro conditions for the lithium market are not helping this stock at the moment, which is, after all, still trying to prove resources, and early next year trying to prove a viable extraction method.
Surely still some way to go for this stock, though the long term prospects are good. In the short term, beware the rampers...
If the rule is now sell on no news I'm gonna have to give up trying!
Why did the price increase so much on no news, but is dropping on good news? AIM, in particular I think, makes no sense to me. A 1.5M Tonne LC resource is amazing - why does the market (currently?) price it down?!
A very interesting listen. Lots of near-term upside. Potentially wonderful resource numbers to come by year end from 2 plays, with a third play to follow later. DLE is a new process but has been proved to work. Plenty to like here for sure. I'm just confused why Steve Kesler doesn't own a lot more shares than he does..?
Hi all, I am gutted to have been looking at this at 37p only to now see it at 51p - but congratulations to all holders who are in and have benefited.
Just wondering if anyone can elucidate the what the upcoming announcements are likely to be. It seems as if a lot has happened in a very short time.
It sounds like CTL are in the process of evaluating their resources - is a resource update the next RNS due, and when might that drop?
All help appreciated :)
A drift down could be good. With the assurance of a decent wedge in the bank, 10p would be a nice buying opportunity. I was determined to never buy any more RKH, but to simply hold my position. The OM outcome provides a new perspective though...
We are all waiting on OM, but maybe we shouldn't be. You said it yourself Lactics: 'FID is the real key'.
We might well have won OM, but there is a fair chance we won't be awarded what many of us judge to be fair value. And so, 11 days, or an added 60 day extension, is very potentially irrelevant. It might be better for us all to set our clocks to 730 days+, and save feeling sore if OM doesn't work out as we hope...
Yes, absolutely. Seems another logical and sensible assumption to make. It reduces the possible annual profits down quite a lot though! :/
I forget how many shares are now in issue. It certainly was 457million until recently. When (if) production happens, Sea Lion could possibly be pumping 30K barrels per day. What is it - $35 breakeven? = $40 per barrel profit if we take $75/Barrel as a possible (conservative?) price (we are looking at 5 years away - who really knows what the price might be then). That's $1.2M profit per day or an annual profit of $438M. Again, being conservative, we could say earning per share of 75 cents. At a P/E ratio of 7, the shares would be equivalent to $5.25 each - not so very far from the £5.40 you remember Orbit10.
Sadly, RKH won't get 100% of the pot though. But it could still value the shares at $2.10 equivalent. Maybe. So really, for LTH's, OM is a sideshow. Holding-out for production would be ideal, but there should be lots of good selling opportunities on the way there.
Thoughts?
Ah, the dream that is break even ...
Realistically FID is likely to be 2024, with 1st oil another 2.5 years after that. So second half of 2026 or into 2027.
In the meantime we have the OM decision, which should really be positive, and plenty more good stuff after that. Potentially a sizeable reward on any investment made now in advance of 1st oil, therefore.
Or maybe it will all go up in smoke, who can say. Oil to water anyone?!
Gosh, don't mention Malcy. Where did listening to him ever get anyone!
That is totally true Ovets, but in view of soaring inflation there is going to be massive pressure on the politicos TO DO SOMETHING. Signing-off on a new FIG~UKG oil province would surely count as a win to help achieve a bit more energy security. SOMETHING has then been done!
Maybe the general population hasn't felt enough hurt yet, but I am sure they will in time...
FID 2024 (maybe). First oil 2.5 years later (possibly). There is every chance a lot of us 'Class of 2010' could be dead by then. Good lord I hope things happen quicker than that, but almost certainly 2026/2027 is probably the best case to first oil. I thought it would be 2015!
markednmbr1: understood. I didn't apply for additional shares myself so can't comment in that case
NOBONES4THEDOGS: i've just logged into HSBC no problem. Have another go. Shares still not showing though
HSBC have taken my money markednmbr1, although the shares don't show in my portfolio yet. I think they will from the 8th July. Or did you mean shares in addition to the OO shares you were entitled to?
It does leave a smile on my face reading the sign-off to your posts Bigred7 lol. You could probably afford to shorten it to JAGFM by now :)
My thinking is that RKH will be brought out well before any oil actually flows. Would people generally agree?
They have done a lot of work to get Sealion to this point, but would any proper development company actually be prepared to share 40% of the whole shooting match with them? Would you? I just can't see it myself.
And so if RKH do get the boot, when do you suppose that might happen - and what might be the offer price? A load of imminent dilution isn't going to help us LTHs that's for sure!
10 bagger definitely just around the corner though. Definitely.
But not here.