George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
@Chuggley, you have for me wrong. I hope and think that it is Exon. I was just playing devil's advocate.
In the past I have said I do not believe there is a JV, I now think I was wrong, the argument that the NDA will expire forcing Art to talk about it has convinced me. Previously he just stopped mentioning things now he can't and has in effect stated this in the LOI.
Another way at looking at todays RNS us to interpret that it is not Exon! In the RNS it said that the JV is with the best suitor, why would you say this, that's a given. Unless the best suitor isn't what everyone wants us to do a JV with 😉
For a minute I thought this was going to stay above 2p but looks as if it is going back down to 1 7p. The RNS was a bit of a nothing burger and said that a company intended to a JV , which we have known all along. Are the bondholders still selling? And was this RNS designed to allow them to sell into the rise?
As I have seen my investment value plummet and a lack of response and care from the BOD I have become disillusioned and added to the fund on this bb. So as a heavily invested share holder I am only going to contribute if I can say something positive . So in the next 6 months we have the GCS, a JV , increasing productivity and the transition from a junior to mid oiler and by Christmas I am going to be able to retire because a share will be worth 50p..😀
@dusterhater, why should we know if there is going to be a jv? It's been 9 months, and Art just normally just stops mentioning his lies with no explanation. He didn't mention it in the last update; I think he has no stopped peddling that lie. I am hoping for a productivity increase, a spike and then I can leave this share behind. Art is 54 so we have another 10 years of this fiasco because he pays himself 1.39m including bonuses and owns less than 0.4% of rhe business.
Art and Ryan are responsible for this fiasco . The bondholders are only doing what they have been enabled. They might have had no choice, but they do choose now to keep quiet. Are they shorting the stock, buying shares, offloading. Cineworld I think is a cautionary tale here, the CEO and owner screwed the shareholders and manged to get a 34miliion payoff. Art is bo ones fool and I'd is pretty ruthless Cuda springs to mind. He has also made it clear he doesn't give a S**t. I reluctantly think we are f*&***d. I really shouldn't have averaged down. Today I changed my pension arrangements and now expect to be working into my late 60's.
This is how many shares we have 680,828,895. as of the 21st July. This is why we need consolidation. With increasing bond conversions the number of shares will increase exponentially. When will this be a billion, when will this be 2 billion? Does anyone understand the ultimate number of shares after the bond conversions?
There will be no RNS this week. The Pandora gp are conspicuous by their absence. Their absence is a good sign because its suggests that they are buying, so they can sell after the RNS. I would guess based on their past performances that we will get a RNS the 7th August and in the meantime the sp will drift between 0.42 and 0.56..