George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Thank to Ben, I lost £11,577.81 precisely. I have only myself to blame for this but it could have been worse.
We all blamed John Story, the lack of trains, AW or this or that but we should have all sold our shares when John Story was out. That guy is genius and he sold out bang on right time!
Never investing in a mine company anymore as I had the worst experience.
I finally had to let go all my shares last week @ £80 :)
Sorry to everyone on this board who had the same experience as me, lets hope we get lucky elsewhere.
Good luck to all and all the best!
Rak0328
Company is doing well. They are producing and selling which is the key. It's still a fairly new company and they had to borrow some money to start the business but we will eventually get there. Patience is the key. Today's SP is not a reflection on Ben. Only thing they didn't/couldn't deliver is dividends but I am sure if the SP was over 50p they would have deliver that too imo. I am happy to sit and wait.
Thanks panman.
Unfortunately i bought a lot in April 22 over 80p. So in theory by topping up over year and a half, i halved my average but who would think that the SP would be below 10p??
Lets hope this is the lowest point and we hit 40p by New Year LOL
I expect a dramatic drop on price after the RNS as I don't expect to see positive financial report. I reckon a lot of people will panic sell and we will see a drop initially, it should then hopefully increase gradually from later this week
Does anyone know if the exchange rate drop will impact the SP positively?
Today, £1.00 = $1.22....As the production is in US, we pay and sell in $ . However as the dollar is stronger and share price is trading in £, does that mean shares values is effected positively by sterling loosing value?
For example a tonne of coal at today's rate is $282 = £231.15
A few days ago the dollar was @ 1.25, then that will actually be £225.60
So am I understanding correctly that when sterling looses value against dollar, the share price goes up automatically because its in £?
Thanks,