George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Should have done that in 2015 instead of investing in this crap.
I think bitcoin were about £200 each then.
So every £1000 invested would have been worth £250.000 whilst every £1000 invested here is worth about £2.
The only ones to ever benefit were the new directors and their mates.
Neil had about 30 million shares at one time not sure if that was before consolidation.
Once they go private that's it.
Any shares issued will be to private investors such as ex directors and private individuals.
Not allowed in an ISA.
At least he was the one that got us the assets that this lot squandered all of the proceeds for.
Five years ago.
Neil should have stayed to see this through.
I'm sure we would have got a much better deal.
If they become a private company then the new shareholders in the company will buy the scirocco shares at a premium to the market price. The old shares will then be delisted and cease to exist.
The premium should include the monies due from the Ruvuma sale although they will want to make a profit so should expect a slightly lower price to reflect this.
The old directors will also probably get paid off together with the liquidator so the sale price of the shares will be adjusted downwards even further.
Many shareholders have lost huge amounts here
and will be glad to see the back of them.
Got out months ago cost me a lot of money here.
Ruvuma looks dead in the water at the moment.
Government taking ages on a decisions.
Drilling licence expires in August I think.
Imo shareholders may be lucky to see .50p over many years but still depends on ruvuma monies being received.
Why are they taking the company private.
A scheme to get even more money to themselves.