George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I made it my background the day it was posted lol … as far as the price being inexplicable, well that has been the MO for several years. Summer doldrums was the way I used to explain it but with so little time left before the spud this has gone to a new level of irrational price action.
A total of 13k shares on the bid from $1.36 - $1.31, yesterday I alone accounted for 80% of the shares bid on level 2 before the open. Fwiw ...
It would appear we're heading back to the one thirties at this point.
Being overweight, and originally planning to slim down while going into the first two wells, I've recently decided to ride out those well results. Should J&J go badly I'll still have my shares for Hammerhead along with enough reserve to pick up more depressed shares in the case of failure. Parring down would be the wiser move if Hammerhead hadn't been given a plus 80% cos.
Has anyone here considered looking into investing in Guyana real estate?
June 17th.
If, or more likely when oil hits the $80 mark, how much will that increase the $8 value that GH often quotes? I'm thinking a ten dollar figure makes things so much easier when calculating.
The TSX-V is always annoying … opened at ~ 89p. Level 2, fwiw, showing 6300 shares on the bid between $1.39 and 1.33 with 16,800 on the ask from $1.40 to $1.54. 13,300 shares traded at 9:40. Most likely a nothing day.
Agreed, quick to pay once they finally decided.
Wish there were some equivalent way of having access to Total the way we have with Eco and all it's news outlets, blogs etc.
Thanks
Sorry James, alacrity wouldn't be the word I'd use to describe Total's dealings with Eco considering how long it took them to decide whether they were in or out - foot dragging does comes to mind.
Have you come across a board such as this where Total is discussed?
GH did allude to flexibility come drill time.
Your Tullow/Tertiary comments were a timely reminder, many thanks once again.
Also confused, thought we were going to nail both ages on one of the first 2 wells. Sounds as if it's lower and upper Tertiary - Jethro and Joe respectively. Perhaps Tullow is taking the lead here wanting to explore the Tertiary on our block and the Cretaceous on the Kanuka block which makes sense if they are looking to cover as much as possible with 'their' drills.
Absolutely do not want to slight/offend any of the many solid contributors here when I say you two chaps are tops. itsyou drops in on occasion but I've noticed you are concentrating your time on this side of the Atlantic.
I've tried passing on my congrats to Toronto but both the phone and website contact page are not responding.
1.6 million shares traded on the LSE with just 40k on the V, that after 2 big days on the latter.
Would you please post your answer for us colonials, or at least allow a c&p thanks.
Beautifully answered chum!
LOL! hereandnow, haven't been this excited in some time. A dry Jethro and Joe would have been bad enough but to have gone hat in hand begging for funds then … if J&J could be had for 10 million surely the raise will cover 2 on Hammerhead should 2 be required, ie, one for Cretaceous and Tertiary.
Any thoughts on the timing? My first reaction to the raise was, there goes an early acquisition. Knowing GH's MO he surely would have preferred a generous offer to a raise.
Yes, and I followed your post saying that I also had mentioned it to him and added on the 12th that it would be irresponsible of the company not to do so before the drill. Forgive the vulgarity but I thought both posts went over like a fart in church.
He may have a different 'handle' on a another forum, or a different handle for each stock on this one - no harm, no foul.
May I add to my last comment and include fiduciary duty if that isn't too strong a case for dilution.
Fernan, while dilution wasn't the topic of a fairly recent email to GH, I did take the opportunity to mention that I'd support a dilution at that point. Having a stock with so much promise, and a share price with so much room to run, it would seem silly not having a little extra low cost insurance, especially when considering we paid 25% for 2-3 wells. Two more wells, bang on!
Fwiw … Market Cap at Friday's close - on the TSX, was $ 271.1 M, with 161.38 M shares outstanding and a share price of $1.68/96p, up 11 cents/7.01%. 1 CAD is .57 GPB last time I looked.
The train has finally left the station over here … closing of $1.57 on a volume of 679,270 shares!