George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It's only 2,058,000 adrift!!
Bella, if the house project that you are working on and is increasing in value can suddenly be revalued by a third party and sold, without your knowledge, to anyone who has the money and an eye for a bargain, then you'd be left out of pocket. This is what is happening. It's called AIM.
I'm not sure who is masterminding our financial strategy, but the balance between having the funds to progress the scientific research and then to licensing , or some alternate non-dilutive fund raising mechanism, must be looking increasingly precarious when the issued share capital could be acquired for circa £160 million, small change to an interested pharmaceutical company. Does AS have a defence strategy? I'd be reassured to know what it is.
And as if to underline PG's comments, the impact of this very positive update is......absolutely zero!
FC , I believe it was the much maligned Simon Potter who first spotted the Uruguayan opportunity and put CEG in pole position. He was a protege of Alan Burns and imo was a much better geologist than he was CEO. I met Eytan on holiday in Botswana prior to the ill-fated Perserverence drill and it was clear that he is an excellent negotiator and financial expert. However, he gave no indication that he has the expertise to uncover the type of opportunities such as Uruguay would appear to be. Fortunately, we now appear to have the right people in the right places.
Michael F - you and me both! Though having listened to recent interviews and reviewed the terms of the Chevron deal I haven't lost all hope that my new and modest investment may yet recoup a significant chunk of my losses!
Latest was 72km southwest of Ikhtamir soum of Arkhangai province. The 4th in Arkhangai province this month. Is this anywhere near our drilling area?
Gibbo, I'm in the same place as you. Fair play to Eytan and his colleagues, this time they have delivered on their promises. Hopefully, in due course I will recover an element of my losses!
IK, I met Alan Burns several times on the Isle of Man, he could never retire and was involved in numerous projects. It was through him that I became aware of BPC. Had he lived longer the Perserverance project might have been more successful (or less disastrous) , who knows? I ended up losing a significant amount but I do not disagree with your summary of the factors involved. My only criticism, and it's a big one, was that investors were not kept informed as to the plight of the Company and the increasingly desperate measures taken by Eytan and others to secure finance, while always trying to reassure investors that a farm-in was going to happen. I have re-invested as I believe there is a potential now to recoup a portion of my losses given the different circumstances. However, Eytan's reassurances regarding a farm in partner should be taken with a pinch of salt.
OW , you mirror my thoughts. Regrettably, we will both have to live with the labels attached by the more optimistic posters.
Willec , your views remind me so much of StarChild, with the exception that he was always polite and articulate.
It may be that good news is imminent and some form of leak has occurred. Alternatively it may be a pump and dump. At present, we don't know, although given the history of the company a p&d is more likely. However, this is a new era and I'm hoping it's the real deal!
Sounds exciting but then you realise it's only 1800 quid! Still, every little helps!
Good find FS. I'm guessing the reporter's reference to "American Company " is based on the assumption Jersey is in the US, but otherwise accurate enough!
Was it Jerry Maguire or Rod Tidwell who said "show me the money "
Fincent, a very reasonable summary.
As has been previously stated, the reference to completing the farm-in by Xmas was naive. Without such a reference this update would have been better received. However, it is pleasing that progress is being made and it is still plausible that a deal could be struck in Q12024, although Eytan is careful not to be too specific on this!
There's a lot of people keen to post opinions but short on information. With a share like this the average punter has very little idea what's happening until it's happened. This company has a history (with Eytan fully involved) of being economical with news, especially when it's not positive.
Thanks for that Cybertron. Please don't worry about my understanding of the circumstances here. I'm fully up to speed with all aspects of the situation. Hence my valid concerns.
Have a good weekend everyone,
SF.
I don't think I'm the only shareholder surprised that Eytan has committed himself publicly to a definitive timeline. The majors will be in no rush to strike a deal. CEG will run out of cash if they wait long enough. If Eytan tries to force a farm in, the price will reflect the circumstances. It should still be advantageous to us but CEG are not calling the shots here.