George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Add, do you think that what is going on with this company is all fair, transparent and above board?
Another 5% drop for no reason doesn't make any sense. If there's an rns tomorrow it will suggest a leaky ship and insider trading which is illegal.
As we all know, It's easy to be clever in retrospect.
So here I go.
Maybe getting the Chinese to invest wasn't the best idea ever. They have deep pockets but are not going to be taken for mugs.
Maybe buying half the mining rights in Ecuador wasn't such a good idea.
Maybe putting a BHP stooge in the driving seat was a little hasty.
Maybe putting a Newcrest employee in the driving seat was a little hasty.
Maybe handing control of the company to our minor joint venture partner is a bit hasty.
Maybe making major decisions like starting/resuming drilling in Australia is a little hasty before forming or publishing a strategy.
Maybe, just maybe, allowing BHP and NCM to depose NM as CEO (loads of initials) was a little dumb especially as the majority wanted him to remain and we know how important even the smallest majority is in the UK (?)
SOLG have/had a fantastic prospect in Cascabel and the rug is rapidly being pulled from under the shareholders feet in plain view much the same as happened with Brexit. ( I did predict the brexit fiasco)
Even though there has been a pandemic there is no reasonable excuse the the sp being where it is. NMwill point you in the direction of the Lassonde curve ( https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/ )
Lets hope to a non existent god he's correct!