George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Sounds like your are now very worried Handspring
( and possibly underwater) - for good reason,.
Do you really, deep down, believe that things look to be ‘going well’ - hmm that’s super optimistic imo - little cash flow, poor management , too much spin and no figures to back up the talk and no concrete info being provided. Not too long ago so was hitting over 80p but more cash needed - with more and more dilutions by share issues to fund!! . Is the spin not a spiral…..? - wonder if there is an appropriate word to put before spiral?
I really believe we have been sucked in and taken for a ride here and the same old spin and promise of jam tomorrow has been going on for years to the detriment of shareholders - who clearly the boss (DC) cares little about - so long as he takes us on the ride with him his income is continuing. All in my of course
Wish you luck
Totally agree Flobal about DC, the Company - and the poster. I don’t care to openly criticise generally but when many have lost so heavily here the facts cannot lie and blame is possibly down to a few who shall be nameless - but may well be known to many.
If this ship does sink one wonders if they might feel some pain themselves (or then again perhaps not).
Fully take your point at this level Kingel but if you are buying to sell hoping for a sudden rid fair enough - but the scenario you mention form 3p to 12p sounds great - but look where we are today - several are deep , very deep, underwater here and just looking for a recovery just to break even or get close to that. Great share for the true in an outers perhaps not not imo for a portfolio
Haha - just wish I’d cottoned on earlier????
History now of course but don’t want others to get burnt whilst the chairman seems to carry on with his lifestyle without apparently accepting that the Comoany’s shareholders need solid factual information not just spin and hype from poster on this bb (who may just have their motives and agenda)
Well I was in at sipe 80p not that long ago (yes eighty) and the bod has presided over a debacle to the present time.
A few shows and events won’t change things that much imo - for all the hype from the same people.
Is there not an inevitable recurring theme here. Too many irons in the fire , too little liquidity and cash flow . This business needs regularity and certainty not just the hype - I personally have serious doubts even at this low price based purely on hope rather than sound logic imo..
Genuine good luck to all especially long term holders .
You are absolutely right in wanting more info from the Company on which to base your decisions.
To my shame and financial loss I was sucked in by the hype when the business was much smaller but shooting for the moon since and probable over trading have seen a sharp decline since that time in my (older but wiser???) view.
GLA
Lack of belief based on track record of springs to mind - and a ‘we’ve heard it all before from DC’
Limited and infrequent income stream
Many strings to the business perhaps to finance and organise -
Trying to grow too quickly on too low a low cash base usually begs liquidity questions
Could use a term overstretched and ‘overtrading’ perhaps - and usually on other peoples money - sp dilutions etc leaving so many of us well under water.
Over 80p to hovering around 3p is a motivating factor in shareholders lack of belief and selling.
No wonder the shareholders are fed up - jam tomorrow often never comes but I wonder if the Chairman’s attitude or lifestyle has wavered despite all of this.
Our smooth talking Executive Chairman David Ciclitira’s announcement regarding cancellation of the K.Flex 02 event – was perhaps understandable but his commentary made me wonder if he is finally seeing the gaps in his empire and strategy.
The wording of the RNS received little comment on this board – most of the attention being on Ranjit’s selling of shares, which is of course a major concern for us ‘ordinary holders.
My own thoughts on DC’s comments re K.Pop lead me to a conclusion that his positive upbeat Buzz words have been toned down – and have, in this instance, been replaced by much more realistic, doubtful and dare I suggest it concerned/worried comments.
His wording that ‘we are WORKING ON bringing a number of K-Pop events during 2023……and will be announcing this programme through December'. ... and 'this is LIKELY to be a full European Tour with a minimum of five events………’ really make me wonder if he is trying to string us along?
D.C continues that ‘We HOPE that this is just a postponement and will make a further announcement IF WE ARE ABLE TO RESCHEDULE.
His upbeat style now seems to be missing with the words - Likely, Hope Working on and If . These, to me, are a significant change of tone for him – and of course assuming Five concerts actually do take place I wonder just what revenue will they will bring in?
A delay in the needed and much vaunted cash flow is certain (and without definitive figures will they actually cover ongoing working capital needs other than DC's own expenses). Surely a business in this field should have a firmer programme of many more events not just one every 10 weeks if the ‘Likely’ scenario of 5 events do materialise.
Yes, I am probably biased - but my faith in DC and his Group has been battered - given that I did invest here some relatively short time ago at an sp of around 75p before the dilutions to fund acquisitions etc took hold and other events took the Company to the current dire sp value.
Good to see that the Chairman himself is now sounding more realistic – and dare I say worried? ABOUT TIME!
Our smooth talking Executice Chairman David Ciclitira’s announcement regarding cancellation of the K.Flex 02 event – was perhaps understandable but his following commentary made me wonder if he is finally seeing the gaps in his empire and strategy.
The wording of the RNS received little commentary on this board – most f the attention being on Ranjit’s selling of shares, which is of course a major concern for us ‘ordinary holders.
My own thoughts on DC’s comments re K.Pop lead me to a conclusion that DC's positive Buzz words have gone – and are now being replaced by much more realistic, doubtful and dare I suggest it concerned/worried comments.
His comment that ‘we are WORKING ON bringing a number of K-Pop events during 2023……and will be announcing this programme through December. This is LIKELY to be a full European Tour with a minimum of five events………’
He continues that ‘We HOPE that this is just a postponement and will make a further announcement IF WE ARE ABLE TO RESCHEDULE.
His upbeat style seems to be missing the Likely, Hope Working on and If words are a change of tone for him – and of course assuming Five concerts actually do take place I wonder just will revenue they will bring in?
A delay in the required and much vaunted cash flow is certain (and without figures will they fund much other than covering DC's expenses). Surely a business in this field should have a firm programme of many more events not just one every 10 weeks if the ‘Likely’ scenario of 5 events do materialise.
Yes, I am probably biased - but my faith in DC and his Group has been battered - given that I did invest here some relatively short time ago at an sp of around 75p before the dilutions etc took hold – and events squeezed the Company to the current dire sp value.
Good to hear that the Chairman himself is now sounding more realistic – and dare I say worried? ABOUT TIME!
All the hype - supreme optimism etc - and excuses.
DC appears to game milked this company..
Not so long ago trading on optimism and b.s. and ramping at 80p plus.
How can anyone justify or explain this.
Money down the drain imo.
GLA
Just glanced at the sp which is slightly up currently despite the majority of deals being sells - far outweighing the odd buys. Could be a large buy being filled in the background suggesting a small free float? Good if this is the case of course pending the awaited update from the Company re progress…
Or is this wishful thinking??
Just look back at the sp slump- the number of RNS issued , many for very small short term contracts and the high volume CV of posts from certain bb contributors who have persistently sought to support and push the arguments if favour of this Company whose Chairman has seen the sp slide from 90p to present levels in a relatively short period.
DYOR by all means and prove me wrong but the losses made by gullible shareholders are very substantial already.
I just wonder if it could be that some of LVCG’s contracts are rather too short term to warrant too great a sentiment of enthusiasm? Especially so as many small contracts have been accompanied by an RNS etc and too much ramping on the bb..