George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Thanks. I see the 10000 dealer is having another go. Why this amount of separate share deals is occuring is strange given that they could buy a lot more than 10000 in one go. Made the SP rise a little though so not complaining if the punter wishes to carry on doing this.
Apology Dusthead, I have posted comment on wrong Company. I still have My shares though.. Shows that You have feelings for this Co. Agree with Your comment that a BIG HITTER is now involved. Enjoy time in toilet though.
Should be soon as the staff will have to go another Month on previous agreement regarding wages not being paid. Total mess they have made of this relying on payments from a project that is still in development. Maybe they have expanded too quickly with no cash back-up. Can only hope its sorted out before Month`s end with either a payment from customer or a cash injection from another source. Can`t see a fund raise that would include PI`s to be honest. Not my best investment to-date.
Looks like a few are bailing out on lack of up-dates or anticipating a dilution if money owed is not received soon. Wonder if the one who resigned had anything to do with this shambles or just left due to current position of cash management. Need up-date soon or will drift lower.
Shorters using their influence to keep it below £1 which is working at present. As long as day lows are bought into, then the price will keep rebounding which is also happening. Needs to clear the £1 level for them to see their short strategy cant influence the real value of the Co. They are probably deeply in the brown stuff at moment and look desparate to cut losses. Hope they suffer even bigger losses. All holders should put in sell orders for £10 over a months period and make it even more difficult for them to borrow any stock. Putting mine in Tommorow.
Wish I could find something better for You. After profits taken, I am still in with a fair amount so have great faith in this Co. Its how the markets take the results Tomorrow. Even with decent results, it may not be enough for them as seen with other Companies. I just want some ready cash for Tomorrow just in case it gets punished on opening. Wish this crystal ball worked that I bought.....
Takeover would be hostile and probably be voted down at these levels. Needs a bridging loan through their bank if funding will be short term. A fund raise would cost too much for a couple million so can see someone getting in very cheaply. See what the next RNS comes up with. Not impressed at all with the way this has been managed and the Company needs to get things sorted and quickly.