George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
$ US 35m FCF p.a. based on:
75pp barrel IIRC - (might be lower than that, cannot recall 100%)
The numbers are not the issue. They won`t exist without a deal completing. Looks like AET assumed this risk and cannot mitigate it or shift it.
It is what it is.
I am intrigued of the purpose of the "long stop date". Normally in a contract a LSD denotes the end of some kind of liability or when a grace period ends denoting the start of a liability.
Here, it is not apparent what happens on March 31 (the LSD) and the CPS are still not met? It is implicit that the ...(well, I will not say it...) but to extend it obviously requires the consent of both parties.
Everything hangs on the CPs being met by 31 March. It seems to me Mr. Market still is not convinced (they have seen it all before).
But, keep the faith, trust in this Team and I agree, at that point, AET will likely see a very handsome return.
GLA
The expression "term sheet" is merely a label.
Similar legal docs include "heads of terms" or "letter of intent". In summary, all of these expressions are labels only. It is the substance of the document which matters and I have seen both non-binding and in parts binding term sheets.
By analogy a "cookie jar" is not defined merely attributable to a label marked "cookies" - if there is rice inside (and not cookies) it is a rice jar no matter what the label says.
It is always, always substance over form that matters
I have never understood a technical analyst and a fundamental analyst arguing with each other when they are both invested in the same stock??!
It is like two chefs arguing over whether a magnificent Michelin 2 star meal of Duck a l`Orange should be improved with salt or pepper.
Each, to their own.
There are many roads to Heaven as the great man said.
You are both right at times, and you are both wrong at times.
The truth - as I see it - is that you are both right
(albeit, perhaps not at the same time hehe!)
Oh, and did I mention RH PRICE INCREASE TODAY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ugly Marubozu today, suspect another buying opportunity and will not be confirmed: this is all about what is happening on the ground and the size of those brown paper envelopes to get those CPs fulfilled!
Wow - that is pretty stunning Sheffo!
On SLP, I note that Rh spot has actually increased by 1.2% which is the first rise since November 22, 2022. That is also a positive indicator - not of course if you wish the share price to drop!!
I agree with Luna.
I once put my dosh in a stock and it dropped. Happy days, so I doubled up and averaged down.
And lo and behold like the Angels, it fell some more. Xmas come early, so I ploughed in.
Then it went to nil and I lost all of my so-called investment.
Oh wait...maybe I don`t agree after all?!
Everybody has a target price unless they never intend to sell. If you never intend to sell, fair enough.
But I think most investors do envisage selling at some point; it is hurtful to see (admittedly paper) gains of 100% wiped out.
Used to hold these back in the Regal days.
Looks to be practically uninvestable now with the political risks.
Thanks fellas.
Forget this C U Next Tuesday, do we have a new "long stop date" ? Forgive my ignorance in all of the other promises given, I`ve sort of lost track.
What is it now...end of Jan? End of Q1? End of H1? Does anybody have a scooby?
A good start to the NY.
Thank the Almighty this seeming dog of a stock is only 5% of my holding. Got to go back to December 2015 to see a SP this low. I wonder what the numbers looked like then compared to now....full of hope and growth ambitions.
I should have got out when I was 20% up.
Lessons Learned.
Makes sense and I take your point: the MMs take the risk of "stocking up" in the expectation of re-selling on in a rising market (but always with the possibility of having to "off-load" quickly if the market falls.). Thanks
And HNY !
Come on Sylvie as STUD-io might say :)
I never understood how there can there be "more purchases than sales " when, for each trade, one man`s purchase of stock is another man`s sale of stock? For every transaction, there has to be a buyer and a seller, so it is a zero sum game. There are as many sells as buys and vice versa.
I can assure you I have not had the pleasure of meeting Velo. I can confirm we are not the same person. Spidey is definitely a hero. Although I do much prefer the darker version in the comic strips. Talking of which, for me the Man is Martian Man-Hunter, the ONLY comic book hero to rival and even exceed Superman in terms of strength.
And talking of terms of strength, I`m hopeful that SLP will continue on its upward trajectory.
And may I wish all of you Happy Xmas and a prosperous New Year
As Terry Hall (RIP) once said - Love, Love Love.
Yes indeed. It seems to be on the back of China perhaps starting to open up - see for example GOTU, Zhihu et al over last few sessions and others.
And Rh down 7.5% over prior month but still above $12,000.
Kicking - can - down - the road
This was the exact same position as we were in back in April. Wake up, smell the coffee.
WF progress?
Yeah, A "THRILLER" in a "MANILLA" one might say. I will chip in a slice of pizza, even put the anchovies on top
All the hype yesterday looking very silly this morning. A drop of 6 % and this is going nowhere now - Jam tomorrow the first of what I hope are not many broken promises.
MC Dade and Co looking very silly now with all the hype and still FA.