George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I was a true believer in Arb, but since PW sold his shares its gone from worse to worse. This article doesn't make good reading " The biggest problem for every Bitcoin miner at the moment is the margin squeeze from low BTC prices. If you are of the opinion that Bitcoin is going lower, then I think Argo Blockchain is highly likely to be the next listed miner to take a dive. The company has a high debt burden, high costs, is selling assets for cash, has very little BTC left to sell, and has baby bonds priced at 50% of face. Even if Bitcoin rallies, there is a chance ARBK shares still go down through dilution if the company decides to raise capital through an offering. If you're long, I'd sell and move on. If you want to short it, I'd wait for a pop in price and hit the rip."
I have reconciled myself that I am likely to lose my money,..
@mercesdesman, I must take umbrage at your quote I said I have waited a lifetime since Bernie said it was tantalisingly close. I am LTH and totally agree that we will all make good money eventually. In the meantime the sp of all shares are falling because of the great reset and in that situation its better ti have cash than shares. I also believe that the sp could be a while. I want Kodal to do well and can wait as long as necessary just hope I am not caught out.
I do think Bernie should be more guarded with his choice of the words imminent, soon, tantalisingly close, within 12 months, the first miner... etc
I have start2d ri convert my stock to cash and that includes Kodal. I have waited a lifetime for the tantalisingly close funding and do not feel so favorably inclined towards Kodal because either Bernie has been economical with the truth or undisclosed setbacks have occurred. There are only 6 employees at Kodal yet they managed to sack one of them because of an admin error, why was this even disclosed or how could it happen? I believe funding will come but not this side of Christmas..
Funny that PW has disappeared and can't talk because of something..., Argobull is no longer contributing, feel sorry for AB, Everup and Limp are no longer available and Delacey has reappeared on the Stockwits board. We are back where it all started for me and now I am out. AB hope to see you on the CLSK board..
I still have my shares although I suspect they will be worthless in the future. I have lost so much now, the risk reward ratio is skewed. I miss the days when I nievly checked in and thought it would be £5 by Christmas. So much potential, but wrong strategy and now we have sold our possibility of growth. Our ex resident genius has said his work here is done, but I wasn't aware that we even had immersion. I feel cheated and scared.
Not Golding my breath my guess is 220. I miss the old days.. RaxingCyclist, Albert, the sp sp 10 times as much, Delacey Island, PW and his stupid sayings, people's dillusional optimism and hope about the future.
Still have all my shares and not selling.. I will wait for the next bull run.. We were all sucked in by PW - a different kind of CEO, transparency, weekly comms, accessibility and promises about the future.immersion, ppa.not hosting. Maybe this was inevitable and planned for a while and it was a scam all along.- can't talk because of Nasdaq, getting the authority previously to increase shares without a vote, building swimming pools without getting any goodwill. Selling out and not buying back buying land at inflated prices (maybe Boatman was right). I will never again invest in miners as they all have governance issues and shady dealings. The price might go up but this share could also be worthless if btc falls further. ( I read the other day that plan B predicts that btc will go up, this alone is a warning). No one in this space has any credibility left
@Hacker you know I have great respect for your 1p predictions and that you are named after a misspelt CBbC rate. However what news do you you expect Friday that will increase the sp. RUS, DFS or SCS? I am coming to the realisation that the only thing that will permanently move this is production!
Who is going? Do we think there will be any hint of funding, reading between the lines of the RNS, I think this is ruled out. I also think that with British economy in turmoil, there is likelihood that we will be brought out than a JV or offtake agreement..
From the RNS
The Mining Licence is granted under the 2019 Mining Code and extends over 97.2km2 covering the proposed open-pit mining and processing operation at Bougouni (as announced on 8 November 2021). The Mining Code has provision for notification of change which will be required for the fast track DMS option. Kodal has conducted initial discussions with the DNGM to seek their endorsement for the change. Kodal's next step will be to make a formal application for change in accordance with the Mining Code, in order to obtain approval for the DMS development option, and to confirm the Flotation Plant will be implemented as already permitted.