George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I've never read anything you have wrote wolfy which appeared as knowledgeable investor Outlook or experience. Its always came across as an investor underwater who is just mad in the direction of the SP and stating the obvious.
Everyone here would take pennies buy out from AA now. Lol . Although hiring "ceo" with different skill sets for different periods sounds good I think it does more damage in optics. Just hire the skills you need as a contractor as you go along and have one committed ceo from start to finish is what you want. Or at least till profit is coming in
It's nice day to end the year; well done to those who sold and made some profits.
TA post below may interest some,
https://investormiller.com/is-gcm-resources-a-buy-technical-analysis-deep-dive/
Troy has falled as a CEO here. If this is people trying to push price around and manipulate price and make a market because of his Bluejay news he should be smart enough to know this is a likely outcome and have interviews and positive news planned or waiting in the sidelines to counteract
Cj it's not really the point is it am sure there is plenty of other work and reviewing of data that can be done on other projects and work should pick up in 2024. It's the optics of it. Obviously people find it hard to turn down positions in these situations but the smarter more dedicated man would not have accepted that role for the optics to the market alone . Personally I think it's a poor move on Troy's behalf which creates doubts
Yeah but it only takes another flow of capital to cycle into PMs for it to go up again. The last time was almost a false breakout from the real thing . Who knows time will tell. But its good to get profit in and not have to rely on raises to go explore.
5X5 the funny thing with these calculations is they determine the low end only. Because we got to 3p here with 0 production and 0 licence, just a JV with capstone. So hard to imagine with production and inflow of capital we couldnt be above 3p
5x5. I mean, I guess if the shares in issue remained constant, we could look at MCAP as the mining licence is announced to 1st shipment to 1 year after 1st shipment. Look at the MCAP increase and then use that as a guide here?
Hard to compare really the main difference being the markets they are in and the different rules of ASX/AIM etc.
We could just do a comparison based on SP and shares in issues and the subsequent SP increase, perhaps.
Yeah I mean my thoughts are PI never usually have the majority/weight to make such decisions. But I think if it was a take over decision most would vote. Why all LTH should be averaging down now to protect themselves from such a potential outcome
Thats reassuring to know most shares held by directors and PI . I think most PI would like to see this get into 1 year post production before thinking about a buy out . Proof it can make 10s if millions a year will massively increase the buyout price and as far as mining risk goes this has to be lowest form out there . Look at all the issues PREM seeing or underground mining like GGP. Easy as it comes I'd like to think I'll be holding till least 1 year of production