George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I agree….managed to get to 30 million last week, very very tempted to take it to 40 million early next week! Very low MCAP for the potential here IMO. I keep buying the ‘fear’ and if AZ pulls it off it could be massive! If not, we live and we learn….
I think we’ll some HEAVY buying in the run up to any MAJOR funding….let’s face it, if you were loaded to the tune of say £50m spare cash, you would pre buy £2-3 million in stock, stump up £45m as a funder, release the news to the market and watch the SP 5-10 fold on the announcement and then happy days! Worse case scenario you have £2-£3m to pxss up the wall if all goes tits up! First mover wins big IMO
They’re just normal people like you and I…cash is king at the minute on a personal and business level! What I do know is that regardless of the amount, I wouldn’t be spending money on something that I knew was going to drop a significant amount…I suppose time will tell!