George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Can you stop with the running commentary please Comeoverhere!!
Totally unnecessary and one of the nice things about being invested in Cobra was we didn’t have idiots like you trying to pump the share!!
Somethings going on with all these large trades question is, is it someone offloading or loading up!?
There will be but the $7.5m (or $10m or $430m) question is will the issue be resolved or another excuse/delay be given!?
Am I missing something here!?
I thought current strategy was to try to be cash generative by selling assets, signing JV’s, bringing projects to production asap?
POW news is the exact opposite of the strategy!!
Yet the trolls get blamed for SP performance!? Of course it’s nothing to do with a board of directors that continue to do the exact opposite of what they said they intend to do.
I’m sure Helpful will help put a positive spin on it!
Mostly agree with what you say News but with regards to SolGold….
“SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a joint declaration with the Government of Ecuador in preparation for the execution of the Complementary Investment Protection Agreement ("IPA") for the Cascabel Project ("Project" or "Cascabel") in Ecuador”
Was the main reason for the rise today I’d imagine?
Apologies for off topic!
All sounds great Helpful. Let’s see what actually materialises.
Sorry Helpful but I’ll be taking your projected valuation of anything RRR does with a huge pinch of salt given the lithium debacle and how much you thought that was going to be worth to Red Rock.
Let’s see how much the market values RRR after licence renewal.
I’m guessing you’ve never signed a document electronically News!?
It’s really really easy. You can also print off a page, sign it, scan it and send it anywhere in the world!
The actual cost is irrelevant, again it’s in the optics. If the CEO of a cash strapped company gave an interview along the lines of “I made sure I could minimise any unnecessary expense by taking care of business digitally that saved the company £1,000’s in expenses” I would give him huge kudos!!
Blah blah blah blah etc etc.
Has he not heard of Zoom?
Not exactly sure why face to face meeting is needed to renew a licence but hey ho!?
Another great use of funds, fly to Kenya then back to London then back to DRC.
Let’s see what happens in 2 weeks time and whether he does actually fly to DRC or if another excuse will be rolled out for not having to do so!
Interviewer summed it up perfectly. Cobra not even on the radar never mind under the radar!
Hope you’re all well.
Given what Cobra have achieved to date what’s everyone’s opinion on current £6.67m market cap?
Over, under or just about right valuation?
Surprise surprise no update on DRC money. Now the resolutions have been passed, wonder how long before Barry will be summoned to another meeting!!
Not all investors have the good fortune of having access to extra information due to a close relationship with the CEO that allows them to be comfortable with their investment.
It’s difficult doing research when you’re being told one thing by the company yet they continually do the opposite of what they say they intend to do!
No need for the insults Helpful. Given your response to all my posts I think it’s you that needs to grow up.
Xx
News, who is saying no one can post on here?
Everyone is entitled to post but that doesn’t mean people can’t disagree/question/query what’s being posted.
That’s the whole point of a public forum.
Spec, thanks for your considered post. I’m sorry but when a see a link to a presentation that is obviously being posted to promote Red Rocks prospects it really really grates on me given where we are just now.
There’s not been any confirmation yet but it’s looking more and more likely that all resolutions will be passed that will allow AB to issue another 1.5B shares.
I invested in Red Rock when I read from the company that lithium production about to commence and DRC money was imminent. I did my research and was hood winked into investing, my fault, I decided to buy but the way the company has been run since I invested has been awful. We know what happened about the lithium production due to a change in Zim regulation but that to me smacks of terrible management not knowing about such a major change in regulation and then having to pivot to “exporting” (don’t get me started on the semantics of that), a novel funding solution that would minimise dilution then a couple of weeks later we get heavily diluted with the mother of all dilutions just around the corner.
If you look back at new releases DRC money has been used consistently leading up to a major event at Red Rock. The orchestrated pump last week was so transparent it was embarrassing yet Helpful posts a link to Red Rock assets in Africa (old news) that requires major funding and when asked a genuine question about it gets uppity, I’m sorry but I read that, did my own research and came to the conclusion how the hell is that going to be funded.
Helpful communicates regularly with AB so of course I’m going to question him about it. He posted the original link.
All these links to this and that and adjacent projects to Red Rock I would argue are totally irrelevant.
How anyone can claim Red Rock is currently in a good place either isn’t invested or has other ways to benefit that your average investor isn’t privy too.
How anyone can defend how Red Rock has been managed in the last 6-8 months since I’ve been invested is beyond me as all I’ve experienced as an investor is a continuous deterioration in my investment due to company mismanagement.
Sorry for the rant but as an investor I’m perfectly entitled to vent my frustrations at how the company is performing and genuinely hope that AB does manage to turns things around but I’m not convinced leopard and spots and all that!
Don’t get tetchy Helpful. My question was genuine. You posted a link to a presentation and I asked you a simple question about it, no malice, no trolling really simple question about how the project was going to be funded and you replied with a patronising comment.
So you know what, you go do one.
Enjoy your dinner.
So why did you post a link to the presentation at 17:32 today if it’s such old news?
You obviously thought it was worthy and relevant presently to post?
So again the only thing that is relevant to your link is who is going to fund the project?
Until some sort of deal is announced (through proper channels) all that I care about is how is the project going to be funded?
You’re a right patronising so and so! This is where we differ massively. This isn’t a game for me. I’ve invested hard earned money to try and make a profit to benefit both myself and my family. It’s not just for fun and a bit of a laugh, I’m not looking to “play” I’m looking for a genuine answer!
According to the presentation the exploration budget for 15 months is going to cost $2.5m.
Who is going to fund this?
Where’s the $2.5m coming from for this Helpful?