George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well now we have the ED RNS, let's hope the GoI RNS follows swiftly!!!
Looks like the buys have started again at around 4pm in the run up to the bell. With several consecutive blue trading days, tomorrow may be the day for GoI approval RNS to land.
Someone went all in at full ask for 25p's worth 🤣🤣🤣🤣
100,000,000 traded, so anyone else think the first couple of signatures are on the approval form??????
Most of those that want to take a quick profit have left the train.
IMO there is certainly something leaking to trigger this level of buying over the last couple of days.
Looks like sp is coming back now the 10%ers have gone
Looks like a few exiting after yesterdays 20+% rise. New money will arrive in the run up to GoI approval, I'm sure.
0.12p being paid into the bell. Sets us up nicely for tomorrow.
Definitely the market wants to see this approved by the GoI, and many seem to believe it's close. Including me !!!
Well it certainly waking up now !!!!
Looking at the blue buys coming in, I'd say interest is growing by the hour
There is probably enough 5,000,000 buys (including the 4+1 mill buys early on) to say that someone is loading up. If it is one person then I'm guessing they are anticipating news soon. As am I, before the 19th April.
At this point with no news released, I'd much rather see a steady sustainable daily rise.
Is this the third or fourth blue trading day in a row 🤔🤔
Hi Gordon,
Yeah I wasn't meaning the US$2,500,000 = 0.02p equation, but more the wider context of receiving the money. As you say, no dilution for a while the fact it likely gives the green light for development of the new wells and work over of existing wells.
Usually we get those silly bity buys going through, but it seems we have larger buys (it's all relative) going through at full ask.
US$2.5 million in the bank straight after GoI approval has to be worth a few percentage points in the right direction, surely?
Tamer,
ECR have been waiting on results for weeks, listen to Mike on the Sponge interview, even Mike wanted them back weeks ago but they are still not here. You know they are late(r) than anyone at ECR expected. I don't need a printed date to know the results are late.
Some major miner went into the 'data room' and found what?? The square root of f.a. We know, because Mike tells us, the last bloke in charge paid himself £10,000 a month and achieved next to f a. so what, pray tell, is in the ECR 'data room' 😂😂
They probably would consider small scale production, tell the kids what they want to hear, they'll lap it up. ECR are at the stage where they are literally shovelling surface rock, quartz with a chip of gold (that they put a photo on Twitter) in it and sending it to the lab and waiting two months. Mike states they are not a producer!!! Did you not listen? There are no announced plans to become a producer in 2024.
Mike states in the Sponge interview that he will get it to a certain stage, then he will need to decide if there is someone better qualified to take ECR to the next stage. Listen back if you don't believe. So even Mike is beginning to float his exit strategy. He's going to take ECR to what ever price he sees fit, then he's going to decide to jump ship using the excuse someone else can take it further. At the same time he'll give the reason that he's not in ECR anymore to dump his shares on the open market. Then he'll go back to being Doc on the tinternet.
You are right that the price of gold is not the driver for ECRs recent rise, so what is responsible? Because sending bags of lumpy rocks to the lab is also not the reason for the so rise.
You twitter boys do make me chuckle. When someone comes along and challenges all the nonsense about the price of gold hitting highs and suggesting as ECR don't produce the price of gold is pointless today, you peeps start name calling.
Rather than name calling why don't you offer a reasoned arguement against the points I make, with evidence from the numerous Mike interviews going out on an almost weekly basis at the moment.
Over to you twitter boys, will it be ROQ or ECR that gets the deal done first 🤔😂😂😂
Occy, what are you talking about? No one has said the price of gold should be less. Read what is written not what you think is written.
Occy, what are you talking about? No one has said the price of gold should be less. Read what is written not what you think is written.