George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I don’t like the issue of new shares.
Even with this share where there are so many (a really stupid amount) of shares in issue.
But i read this RNS as positive on 2 counts.
Unless I am missing something.
1. AZ has exchanged a loan value for new shares at a price of 0.00053 each. I make this to be 62% higher than last nights close of 0.000327. If correct - does that not show confidence his new shares will soon be ‘in the money”?
2. In a similar manner. Exchanging “real cash debt” for paper shares and “future reward” - i think, shows confidence. SYME shareholders, while not happy about dilution - now do need need to worry about paying back the cash and servicing the interest on the loan amount. Is that not also a good thing?
I may just have woken up in a good mood - but i see this RNS as a positive to SYME
Ps - i cannot wait until they consolidate this share at something like 10,000 to 1 - so we can tell at a glance if the shares cost £1…… 1p ……. or …0.00053 of 1p
Skint
That was such a welcome RNS this morning.
I first bought OMI around 6 or 7 years ago - and without my notes - i think it was 3p then.
Bought and sold all the way up to a smidge under 40p (twice) but held on for 56p (Don’t ask me why but i had reasons).
Having been 80% plus down for months - it is a great feeling to take these back out the Bottom Drawer again.
Doubled my holding today and reduced my average. Long way to go but i am in no rush.
Ps
When it hits 40p can someone remind me to sell please?
£111k profit - but i will probably still struggle to press “sell”.
Skint
That was a pleasant read - and a surprise.
I have been in small exploration miners where news like this - moved the needle considerably up.
It is so quiet on here and (IMHO) GSCU are so “under the radar” i can’t help wondering if anyone will notice.
Fingers crossed though
Skint
Has GRG become “so good” that an RNS with such great numbers and a special divi of 40p - isn’t commented upon?
A great update RNS today (IMHO)
I have a decent GRG holding built up in recent years. In the new ISA year i intend to load up again
Don’t really see any downside with GRG - it is very well managed, growing, profitable, pays staff a bonus, pays special dividends, (not share buy backs) and opening new sales channels like evening, delivery, drive through and retail partners.
A key metric for me (even though i live in Sunny Glasgow) is “London potential”
Pret a Manger has 275 shops in London.
Greggs has only 40 - but expanding in key high footfall locations. And that is “high footfall” in 2024 - not busy locations pre covid. They are cherry picking and able to get great spots in London and throughout the UK.
When was the last time you saw a Greggs without a queue?
Skint
I have a picture in my head of the troops in SOLG Towers sitting at a console of buttons going something like.....
"let's see what happens if we press this button and release an RNS with revised PFS........... anything happen to the share price?"
ok
"lets try this button marked ..... "announce 2 new Directors........anything happen to the share price?"
ok
Is there a button that says "remind the whole world how fantastic we are at ESG, ..... when did we last press that one?
Maybe they cannot see the "we got it sold" button because of the number of Biscuits on the table.
Been in SOLG so long (2014) and cannot remember if it was SOLG, Rockhopper or Gulf Keystone where the Bulletin board went on about Hamsters down the drill hole and biscuits.
But we were happy back then. Tell that to the kids today and they wont believe you.
Skint
Old enough to spot a wee diddy when i see one.
correcting what someone says within minutes, to prove you know better is ….. small Boaby behaviour.
try it next time you are round a table in a pub. It won’t go down well.
A quick glance at your posts shows you like to dish out opinions and hurl insults - well jog on and don’t call me ‘mate’
i don’t need any more friends.
skint
Thanks Wolfy.
Every board needs a Pedant.
I posted exactly what LSE were showing 2 inches higher up on the screen.
Now showing as 12%
If you had time to try a dummy trade - or access to Level 2 - you could simply have provided more up to date info - without putting me down.
skint
Chances of two blue days in a row were always slim.
But a spread of 25% is brutal - and will stop us dead unless it is reduced.
Nobody buys to be 25% down instantly - it usually takes me at least 2 days to be 25% down….!
Skint
A new Personal best for me.
A streak of 28 filtered posts - then 2 from Redknight.
wonderful feeling to know i missed - nothing and saved myself from reading - mince.
Wonder if this week will be a turning point for Solg. I started averaging down again last week at 10.38 bringing my average down to 15. Held for far too long not to see this through.
skint
Plenty to like in that.
Love the suggestion that we will start drilling - soon.
Just hope that GSCU definition of “soon” is not the same as SOLG
Hopefully onwards and upwards
Skint
Oh well…… i think in our hearts most of us knew it was a dying duck.
I suspect that for all but a few - it “fell too fast to get out” and any money left in was a “shot to nothing” and not worth pulling. It still hurts though when any loss is crystallised.
On the plus side - it will not drop any lower today and if they do find investment (that doesn’t want to invest after administration) we could be back in the game.
Skint (and now a bit more skint).
It took me 4 attempts to speller :TheWalrus right on order to active the filters - but well worth the effort _ with 30 (yes 30) posts filter today.
Well worth the effort
Skint
A post a minute from AgArAc. rubbishing the rumour.
Whether there is any truth in this Supposed Betaville article looks like that owe AgArAc a new pair of pants as he just filled his.
Friday could be fun - "it's Friday , I'm in Love"
Skint
Held for around 5 years.
Watched this rise to 40p (or very nearly) 3 times and didn’t sell
i Have averaged down, now well in profit and hold more than my wife knows (And still have one of my pots at an average of 9p).
I for one hope we are bought by The Chinese for daft money soon - because THAT way the timing of my sell will be easy.
I will sell the lot if we are bought over by a Chinese Company - no way am i willing to become an investor in a Chinese Company. Am i the only one who thinks this - not heard of any others sharing this view - but surely i cannot be the only one?
Easy decision and no matter what the price does after i sell - i will be happy with my decision.
Skint.
**Cullen Skink Soup - not Skint.
But you all knew that anyway.
Not just a good tune from 1971 - but pretty accurate for my Saturday.
My Whisky collection was looking a bit sad - so me and Mrs Skint Architect took a wee wander from Glasgow up along the Bonnie Banks of Loch Lomond to Tyndrum on Saturday. As you do.
A very nice 1hr 45 run and even though it was bouncing rain and mist all the way there and back - it was still well worth the effort.
4 bottles of the good stuff purchased from Tyndrum Whisky Shop (inside the Green Welly stop) and a bowl of Cullen Skint Soup went down well. One of the bottles will go with hundreds of other in my loft - The Tyndrum Gold Mine 2nd Edition "Big Peat bottling" by Douglas Laing. One of only 480 bottles produced exclusively for Tyndrum Whisky shop. The other 3 will live much shorter lives and make an old man happy.
Point of the post?
Not really much of a point other than to say - "through the mists and the rain" we couldn't see any sign of the Mine from the main road - not even the "big shed" or even a sign saying "The gold is up here". We may be in a National Park and we may be "a big and messy industry" , but hats off to the local team - you are doing this right and with very little visual impact, if any.
Made it home in time for the Rugby - so all in all a belter of a day.
Skint
I am beginning to wonder if the MM teams are so busy giving RK1 and his wife "firm" quotes all day that they have not had time to increase the Ask...?
Skint
Interesting to see that both Norway Nellie and Tom1927 immediately resort to personal insults and questioning of my intellect.
Evidence that “Chat room and social media bias bubbles” are a real worry when you see behavior like this as soon as slightly alternate views are expressed.
My thoughts (and i did say IMHO) are from a company owning, SME business perspective (a voice rarely represented in UK media). The two papers mentioned have healthy sales - but are targeted at a certain demographic that laps up what they print. I am concerned about the huge Left wing bias in most other papers, the major TV news media and in every panel show, chat show etc - where the PRIVATE sector business community - is never considered / heard.
As for your “Les Dawson post” this morning Nellie _ all the right words just not in the right order.
See how easy it is to make cheap, personal comments rather than discuss like experienced adults?
all IMHO
skint
i disagree Norway Nellie.
What you describe is - inflation.
Or rising cost of living or …………
…….. a return to “normal” mortgage rates and interest rates - not this 0.5% abnormal rates youngsters have enjoyed for 10 years.
100 years ago the world accepted sacrifices no other generation had endured to stop Germany.
Then it happened again to stop the Nazi’s.
Perhaps - today we may (as a generation) need to sacrifice some “new normals’ to stop Putin - as we refuse to buy his gas.
But we are not being asked to enlist or sign up to fight.
This is a cost of living squeeze - and it is dreadful and frightening for many - but it is NOT a recession and may not affect everyone or cost millions of jobs - lasting years.
Technically The BOE can call it a recession ( the subject of this thread) and the BBC and others have something to talk about night after night - but my point is that not many businesses outside the square mile are experiencing “recessionary worries’ yet - apart from energy costs, supply costs, material costs (and most if these relate to Covid and Putin).
I have managed businesses i own through 4 recessions.
What we are experiencing today - feels very different and the BOE and UK gov - could do more to help.
all IMHO
Skint
.
IMHO the BOA no longer have any credibility.
They just talk their own book and when they speak / act it is only to look after themselves and the banking world or London City insiders.
They do not speak for or look after SME companies - the vast majority of companies or employers in UK
Outside of the City (And our hysterical left wing media) There is little evidence of a pending recession, (at all) let alone the worst ever lasting 2 years.
There certainly is a cost of living spiral with energy costs, food costs, inflation, wage inflation and much hardship for everyone - but how much of this is a result of bad policies and poor financial control in recent year?
BOE could play a roll in helping the UK through all this - but that isn’t what the management of “the BOE business” want to do with “what they see as their cash”
as i say all in MHO
Skint.