George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well we're 56% up ytd and 25% in the last month sausage so we're not far off
Amazed to see people selling with the SP up 13% this week and feeling like news on GOI approval could break anytime soon..I get it if you need the cash but selling and hoping to buy back on a dip feels like the wrong play with SYN at the moment.
I'm sure Vlad and the Hemo team aren't just sitting around waiting for the phone to ring but they're clearly not sharing plans so all we can do is a) wait, b) wait and top up c) wait and sell a portion d) sell the lot. My plan is b) but small and regular rather than the kitchen sink in one go.
If you want to see delays, take a peek at PREM… now >12 months’ behind schedule…a few weeks here and there is nothing in the grand scheme of primary minerals. Jubilee have cash, they have revenue, they have profit, they have expansion plans WIP and they have a diverse range of materials they have all of the things the rest of my AIM investments don’t have…this is a solid investment and I intend to fill my tiny boots as far as I can
So what happens to the $16m do they use it to carry on paying themselves?
£5k i couldn't really afford to loose lost. Lesson learnt.
I'm happy to wait it out...I'm also a very traumatised Premier african minerals investor..they said production would be April 2023 so 12 months ago and they haven't sold a red bean..placing after placing failure after failure so its reassuring to put my money on a company with cash, production, profit and plans
Going back to this time last year, I do feel we were led up the garden path a little bit with the various stock box plant tours..I remember one particularly showing the compactors working and I remember trying to estimate how much 'spod' was being made with each press...but it wasn't spod it was red in colour...they were using up diesel to run the plant to make it look like the plant was working when in fact they were making sandcastles.
Agree with your statement Nelson about the change in sentiment. Jubilee differ from most of my AIM holdings in that they have working operations, they're profitable, have cash and plan to deliver expansion projects in the forthcoming weeks and not years. I'm going to try my damdest to invest 1k per month in Jubilee this ISA year
What does everyone think the main problem at the plant is, is it now the UV sorters or is it a case the entire plant needs to be reassessed, redesigned and rebuilt ? Its strange that the issues we're having now weren't picked up whilst the ball mill was being delivered...many many weeks where Prem could have crushed and sized the ore by hand and run it through the plant to fault find.
Interesting comparisons to be had...Safran have a market cap 3X RR but their turnover is only 1.4X RR and they only made eur 2.2bn in 2023 v our GBP 1.6..OK they have more cash than debt which RR don't (yet) but still a possible yardstick for 2026/2027
Surely it depends on market sentiment..whilst the good news keeps rolling in I.e. 50 odd A350's announced yesterday its hard to see why there'd be a major correction downwards. It would take some pretty brutal news IMHO such as a major quality problem or other to drive the price down significantly