George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Presume the spread being kept deliberately wide to pick up the Private investors using up the final opportunity to use this years ISA allowance. This will continue into next week when the new allowance comes into effect. The spread gives them 8% profit for no effort whatsoever.
Looking at todays muted share price I assume that a large position is building to be passed at close of business to GDXJ at a premium. This always happens on a Friday and we know that investors are putting money to work in gold ETFs. They in turn have no option but to buy in proportion to their weighting by stocks within their portfolio.
My feeling is that it will stagnate around the present level over the next few months. This assumes MRE uplift is in line with average expectations.
Now you have advised me Father Christmas isn't real I am depressed on two fronts. LOL.
Following the last four years of RNS announcements and the sp downturn that has occurred almost without exception, I am now truly concerned, rather than optimistic about what will be forthcoming in the next few weeks.
We are now aware of two executives who although increasing their holding have sold large quantities to alleviate their tax liabilities.
How many more insiders are there who have options below todays sp who will take similar action. This is causing downward pressure on the sp. Need to clear all of these before any meaningful increase in sp will happen.
Mentioning our name as one of his trades has about the same effect as it did for Barings.
LoggyLotbot, thanks for responding, I take your point that we have moved off the lows and maybe I should take that as a more positive view of our position. Today was just offloading my frustrations!
Am I alone in feeling extremely despondent about where the SP stands after the past two years and the now uncertain future.
For two years no matter how positive the updates on resource growth, potential new finds, management changes, and pep talks from the board this share has only found one direction and that is down. At this point I will continue to hold but my faith in this reaching new heights is fading by the day. A pity as I am usually a positive individual, but this continuous erosion does not appear to be waning.
Was fascinated by the fact that an American accent was used on some of the video presentation. I
Was this to give comfort to a certain audience……
Ever since the Newmont offer to Newcrest we seem to have delusions of our ability to move on 70% of Haverion and Telfer. My concern is that we are having difficulty in holding on to an 8p share price without trying to make such a bold acquisition. Frankly the past two years for shareholders has been nothing other than a unmitigated disaster. I know this view will be very unpopular on this board but a dose of reality is sometimes needed.
Thanks Jenforluck. For 2023 I shall move to a more optimistic mood. As you say plenty of upside if all trials successfull.
Just need a 60 bagger to get me back to my buy in price. My worst investment in 30 years. Just left them to remind myself what a bad decision I made.
There is no chance that SD will be offered the top post at NCM. The company has just gone through a long period of underperformance. What chairman is going to appoint a PERSON WHO HAS OVERSEEN A 75% DROP IN SHARE PRICE DURING HIS TENURE IN HIS PRESENT COMPANY.
At the present valuation of the company with a share price in the 60’s we would be better to shut up shop and just distribute the cash on hand amongst the shareholders. On present valuation the staff and all the patents are valued at less than zero. What a disaster this has company has become!!
I have a portfolio of 21 shares that I monitor on an ongoing basis. Unfortunately on every time frame measure in the past two years GGP is the worst performer by some margin. A rising gold price, enthusiastic CEO interviews and mining progression statements have just left this share in a continuing downward spiral. The value of the company is little more than the cash in the bank. A very frustrated shareholder!
Is it a positive way to look at the share price decline to know that having dropped 30p from its all time high it can only decline another 7.5p.
Probably not!!!!!
The various stock market indices may rise and fall but the one thing that remains constant is that this share falls on a daily, weekly, monthly basis.
Rant over!!!!
Should read positive impact
With the slump in the pound and all of our future resources and assets being valued in USD and AUD you would believe that those facts alone should have a.positive on our short term share price.