George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Like I said, if you know, you know eh.
KR - from those who were at the AGM, the person who encouraged me was sat next to me at the AGM.
I think that one was rockets from twitter, QT.
I don’t know who intorbit i, however, the person in question removes themselves from twitter about two days before the placing (weird huh) and then reappeared around a week ago, however, has also set up a further twitter handle in the intervening period that some of the usual suspects started to follow. Like I said keep you wits about you.
Cobra, I wouldn’t lower myself but to be honest someone who resorts to name calling “customer services boy” to a professional person with a degree and an established career is laughable. I’m very comfortable in my own skin and what I’ve achieved in life without the need for some self employed recruitment consultant with too much time on their hands to phase me. I will call out the individual who approached me if I see them ramping his again be under no illusion.
You are totally right though that the twitter crew are hard at work here and decent folk. We’d to keep their wits about them and their eyes fully open!
SBP, it’s honestly not worth your efforts. Some here are lost causes!
Without a doubt, SBP. Anyone putting their hard earned cash into this in the absence of anything that looks like material progress wants their head examined. Literally a year on from the imminent flow tests in GH, lies and deceit. How do they still have a nomad?
QT,
I think, Graham, pretty much acknowledges that the likelihood of extra funds from the OO when he uses the word "hope". I've resiled myself from the notion that this company will ever do anything to the benefit of shareholders and quite frankly Graham needs to do much, much better!
yeah same here... to be honest what more can be said at the minute #desperatetimes
What do you mean, QT?
Cobra, with respect I’d go with the latter. Time and again this company has disappointed by clutching defeat from the jaws of victory while peddling lies and promises of panacea to those daft enough to listen. Yes, I am still invested but that’s through stubbornness (and to make my legal case stronger) rather than any sense of hope.
Is that because we have a new shiny GTW object, KR? Don’t forget Brazil was the new shiny GH, whatever will be next?
Quite incredible. Probably part of the same group trying to dupe their “mates” to top up days before the placing. Literally happy to feast on the naive or dimwitted.
Totally agree, SBP. Anyone still holding out hope on the OSX3 in spite of no evidence we’ve ever actually been involved and in the face of overwhelming evidence of advancement of their own (Dommo’s) plans, which has won the backing of the bondholders, needs their heads testing.
Hurdles to competition, eh. Really takes some level of incompetence not to convince others you can do something better than a failed operator. Exciting times indeed.
That's my point they won't. They'll be lucky if they raise £50k at these levels, I reckon. I mean you can buy as many as you want for .3 right now, and no one is.
I've got no doubt that there's more than enough material to bring litigation on the basis of how NUOG (Minty & Simon) have conducted business over the last couple of years. Seadog strikes me as someone who keeps detailed notes and evidence as he goes along which will prove helpful in any event, he also strikes me as someone who won't be happy to have been taken for a mug.
Cobra, I completely agree with you about the open offer. Nothing about it will be designed to reward shareholders but rather it's a pointless (who seriously is going to subscribe at current levels) exercise that has to be done due to the fundraising resolution proposed at the AGM. If ever in any doubt about this companies modus operandi, let's not forget the rampy SPV RNS just the day before the placing, timed to reel in even more PI's to the benefit of placees who could quickly flip 0.3 to a .58 profit. That's what they really think of you.
Seriously, Sharelock?
To suggests that this latest “crisis loan” is anything but desperate is actually ridiculous. The only thing that’s different between this and the last three placings is that this one doesn’t even suggest it’s in anyway linked to finalising a deal, merely “progressing” it’s various opportunities.
You’ve already heard how lies and deceit lie at the heart of how it conducts business. Minty has played insiders as fools for years, even as recently as the AGM he was spouting a deal would be done in 6 - 10 weeks. The only special purpose vehicle in existence is NUOG being used as the Minty family (and best mates) cash machine.
Tick tock, Graham...
the bit that has me incredulous is the constant drivel about pursuing projects across the globe, it's ludicrous from a company that has essentially resorted to a payday loan (value destroying placing) to keep the lights on. It's akin to using state benefit payments to book oneself on a luxury holiday. This company had better have something tangible in the bag soon, there are far too many former insiders with bad tales to tell and even worse bank balances for it recriminations and proceedings not to be far reaching.
Amazing post, Marbur. Agree with every word.