George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Agree Dr could have been Agnico who said one of there biggest projects. Which is tasty 37% of pie or 75% of pie. Agree Agnico has seen all data and they are next door with Royal Road and Buritica only 26 miles away so it would be a good addition for them to get hold of this at the right price terms. Just hold bod dont give it away,
I said 4 to 6 weeks for news and legals to be signed off. These things take forever like buying a house some take 4 weeks others six months just depends who you dealing with.
Market Makers will try and accumulate as many shares and keep shares purchases restricted as much possible as when good news comes this will go alot higher.
As I said its guess work and just trying to say what the bod could do at 6p and 100m shares would give them 6m less costs. Who knows it might be 10p or 15p or 20p or 100p. or 500p
I could say them figures but atm 6p to 10p is more realistic. better to be on cautious side than to build up big hopes and then be masively disappointed so 6p to 10p possible but only time will tell.
Dr you say 200% possible it is, Biggest rise I ve ever seen in one day is 475% but after a month it was back to the old price or 475% down. That why when this kirks off it may go but big but Id back money lots will cash in and take profit. I know Seingred will be and so will Bhargav and many others.
So from me its all guess work and until we definitely know from an RNS we are all guessing. How many times has brad say Drill drill drill and Newmont considers this one of their best projects. Well there werent much truth in that one. So we will have to wait and see if an investor takes a leap of faith or wether Angico is really interested. They might be on their terms but that might not be our terms.
Time will tell clock ticking.
If we had a car and does not matter how good fast expensive that car is when you low on fuel do you leave it til you on empty before filling up. or like me like to keep plenty in tank. Well we close to empty and we dont know how far next petrol station is, it could come anytime or it might be another 50 to 150miles down road.
It all depends on news and how share price goes. best be conservative than over ambitious making predictions that might not be possible. Agree share price was 17p last time but we down at 4p atm and need some big news to get it upto that level and stay there.
I could say 50p but is it possible no so just trying to be realistic. it would be nice at 10p but only time will tell. its not as though we sat on lots of cash and can wait we on clock here and time is ticking.
My guess and thats all it is I would not be surprised if on good news the bod had an initial raise of 100m shares at 6p that would give them 5or 6m to keep other projects going for this year and get or hope they get a JV partner to fund Anza. The raise will give them head room while they start a drill programme with a partner then if the share price reaches higher levels they will raise again at maybe 10p or 15p.
All guess work and wishful thinking.
Hope thats not over top.
I think its fair to say Seingred prity obvious, that omi cant prove up this resource per Brad could cost 50m to 100m.
There are other ways to skin a cat the easiest is JV and raise several times over next few years.
Agree directors done very little for their money and no skin in game but things may or may not change. They like the easy option award themselves share options with 3 to 7 years expiry date at low prices. Apart from first day of joining board some of these directors done completely nothing for their cash. thats my opinion only.
There are lots to like about omi and yes we have big concerns of JV partner and fund raising but these are out of our hands. Brad should be knocking on Gervaises door former CEO of GGP
Seingred Dr Chicken we all know that the best option is a JV and there are companies in that area close by who maybe interest no guarantees but we all hope that a good JV would benefit us all. However as seingred says the cash burn is big here if you look at last 3 years must be 15m gone down drain and we not paid for any drilling. We have 3 other projects to support so a JV is a must and we have to raise a few if not several times over next few years to support Anza and other projects more so now than any other time. However looking on positive side we have got some great drill results and soil sampling in south which took about a year so should know where good areas to drill.
My concern is Agnico if they are our JV partner will they want same terms as Newmont and will they still be in charge of the drilling and will they want to control news flow like Newmont. Lots of ifs and buts
Heres fingers crossed brad earns his money and gets us a good deal. Then raises but every month that goes by is a bit closer to Judgement day.
Brads got to have a plan as its been sooo long doing nothing and in the interview he said hed been planning on getting Anza back for at least least 6month to 8months so he must have got an idea of plan B and C and D raise money get a partner or JV and how much he needs for other projects.
As the good Doctor says he may have already made an agreement and you would not keep saying we getting 100% back without concrete evidence of it. We dont know all guess work but he does and I believe hes just waiting for legal sign off which could come soon a month or so and then watch him get the elephant country again and really sell this. Theres always those that will knock the spots off Brad and say oh but oh that and look at the and look at that. Thats all I can saybut watch this space.
Seingred agree with warrants, disagree with 190m shares equals 1.9m when current market cap is 6 or7mishso I dont know where that one comes from. yes last raise 3years ago and think warrants at 17p everyone was complaining they never had chance to get in.
Yes a new JV partner would be best but no guarantees and Agnicos name mentioned but we not herd from them and we do know they will want to change terms for the better of them.
As Brad says to prove up Anza could be 50m to 100m its easy to spend someone elses money but when you not got alot you have to do things differently.
Would only expect the negatives from you seingred, never herd you say anyting positive about this company, and yet you been here chipping away at the share price. Hmmmm wonder why if its such a bad company, a bit like the bb people who just want to put down a company then buy loads shares on cheap. All Im saying is that the board will have to raise as well as getting a JV and it stands to reason they will issue warrants.
Why was it…35 great drill results,credible corner stone investor, fully funded for 6 months plus.
Tbh the drill results were expected,new investor was good news.
We now need to prove to the mkt that any future mine will be profitable.
CSIRO results will hopefully go along way in that…
How many exploration companies have rights issues Id say lots of them, Im invested in another exploration company which just raised twice in 6 months. its share price has gone up many 100s% rises last year. It will raise again within 6 months and again.
Omi raised 3 years ago but has had the backing of Newmont but then we had no other projects to pay out on. We only had 160m shares now 190m so only a small number of shares. Look at vast resources had 5billion then went to 25billion they must have had 20 to 25 rights issues in a similar time. look at GGP they have raised around their market cap in shares and debt and JV partner.
I cant see what the big issue is here they will raise 2 or 3 times in next 18 months so no big issue to me its gunna happen if you dont like it. Id suggest you sell up now.
They will raise as soon as they think share price at a reasonable level. I think before Q3. and yes they may have spent 1.7m but its like anything else they can scale back on things. A bit like when someone is feeling flushed they spent spent and then spent a bit more but when you skint you dont spend as much . and you think twice before spending on things.