George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
From ADVFN (hope the author doesn't mind), worth a read:-
dingodog15 Aug '20 - 08:28 - 10251 of 10251
The progress is looking good, for JOE. The guys look to be winning work which is a sign of the BOD ability, or the pull of JOE.
Unfortunately we only see 25% of profits of JOE, at best. Plus, we need to hit a non-disclosed revenue and profit level to even see that 25%.
So, of the £150k, we will at best see £32.5k, and at worst nothing. As JOE is loss making i can't see us seeing any of this revenue
If ICON won this contract for ICON then it would make much better reading
We get £600k a year. At the moment that is as good as it gets when it comes to JOE. Us winning £150k for JOE helps JOE cover our management fee, but at the moment means little else for ICON. Obviously the more we win the greater the chance of profit, and therefore the greater chance of us seeing 25%. So it isnt a complete non entity, but it doesnt really do much for ICON right now.
All in, it isnt bad news. Progress is being made. But, it isnt that great for ICON in the short term/at all
*to* between.
Enjoy bulling each other up on a lost cause. The rest of us are grown ups and can evaluate opposing views on their merit, hence we have no need to use the filter button.
When you're bored with it, don't bother logging on. That way, you're still able to read the posts of those you have on filter.
... and with another two more snouts in the trough and producing next to nothing, how do peeps think this top heavy lifestyle 'BoD' is going to be funded.
Amazing really... AGM 24/07/2020 no mention of upcoming appointments, then announced three days later. Lol
This lot are worse than the 'Bushmills Kid'.. at least he could lie, yet still create tradeable spikes.
https://www.youtube.com/watch?v=JT2Vx9jSyjg
Bobat, "Under the contract's terms, Iconic Labs will be paid a monthly management business of GBP50,000"
Not until they've given 'DS' a £1million hand out for the purchase... where do you think that's coming from?
Bearing in mind the £1M is for JOEMedia UK. The cost of the Irish arm of the business has not been disclosed ( deal not completed).
Aa, progress?
The only thing in progress is, each new PI being lead like a lamb to the slaughter and the inflationary effect of billions of new dilutive shares coming to market. Of which, you've only had a taster of what's to come ( IMHO).
Salaries must be paid and 'DS' will soon want his £million hand out for JoeMediaUK. Where else will that come from, if not EHGOSF's CLN's?
"Share all time low!?!" Remember, until it's bust, it can still go lower. Much lower, as low as 0.0001p and believe it or not, mug PI's agreed to it.
https://www.youtube.com/watch?v=JT2Vx9jSyjg
Au (good to see a valid post {few and far between these days}). Its difficult to make and prove a point when peeps don't research, yet insist on blaming someone else.
How many years now ( at least six and they're still banging the same drum)?
The old guard new exactly what they were doing (as I tirelessly tried to convince peeps). A lifestyle company is all it ever was. This game is just not right for some. Come on Eileen, give it up.
https://www.youtube.com/watch?v=JT2Vx9jSyjg
Maybe so 'Tmh1980', but why should that adversely effect the 'SP'? Not forgetting the fund raise was done at a discount.
Unfortunately, the value range accredited to a share between one holder and another is a constant variable and usually very different to that of a beholder.
Not forgetting... blindness is often associated with a close attachment.
Interesting how JQ put his cousin LH in the seat for the interview. Must have realised he was not going to convince anyone any longer. Problem is, his cousin not only sounds the same, but he's just about as unconvincing. Maybe roll on SR-A, then they've all had a chance.
Hf0,
In the likelihood of nothing happening in the next 3-4 months, apart from funding/dilution, it leaves an appropriate amount of time to halve the 'SP'... don't you think?
I certainly wouldn't be rushing in at his point for fear of missing out.
Wouldn't want to take the credit. Posted on 'ADVFN' earlier this evening:-
PWhite7322 Jul '20 - 22:13
"The market cap of ICON is only £820k. If the fund holds 30% or more of the shares it has to make a full bid for ICON. None of the directors hold shares and there are no institutions on board. So if the fund offered 0.020p for each share which is a 100% premium to today's closing price mug PIs would accept the offer or face the threat of further dilution wipe out. 0.020p would price ICON at £1.64 million which is less than the £2 million or £5 million they're prepared to lend ICON. However the fund would never go down this route because they know ICON is utterly worthless. The fund would sooner lend ICON £100 million before it bought them out.
Now listen carefully to this. Because there are no institutions and director shareholders DS could not risk Joe Media being owned by ICON or the fund would have struck and done exactly as I mentioned above. This is why DS had to create a separate company called Greencastle where ICON will only manage Joe Media and not own it."
__________________________________________________
IMHO, bang on the mark... so worth another rendition of this:-
https://www.youtube.com/watch?v=JT2Vx9jSyjg
Greenspan ,
... no, no, no & no. As for the Irish side of JOEMedia, wouldn't surprise me if it's a :-
https://www.youtube.com/watch?v=Kmpk4dYJRNk