George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Interims next month, look at cash burn in H1. A production update on the reactors and permits. Have they collated the data and submitted in Maine and North Carolina? I expect some news on that. Regarding the mid cap last summer and I think post placing at 0.6p we dropped to a mid cap of about £6 million. The sp rose to 1.75p and then the cln converted and a placing.
I look at the last placing at 1p and the debt off the balance sheet. I maybe wrong but I have been buying under the placing price. probably too early my average is about 0.75p.
It sounds like they were considering replacing the reactors anyway. They will need cash for that. I assume they have produced enough to give the emissions data needed. They were always going to tweak the plant they are basically still commissioning it. We don't know the exact problem or if they can bandage it.