George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Disclaimer: Not a current holder.
It's absolutely ridiculous that there has been no new RNS in the past 2 weeks. This has the potential to bankrupt the company and there is absolutely zero clarity for investors on what is happening.
Hi all, would someone be able to provide a brief overview of the situation here?
What is the history with Mike Lynch?
Has the company gone through a period of significant change?
I find the Net change in ARR metric confusing - I assume this is a second derivative of revenue growth?
Considering changing to GAAP accounting. Financials to be reported in USD going forward. Commitment to a clear financial calendar with quarterly updates.
Hmmmm
Just noticed that in the last 2 days RNS filings that they've started to cancel shares (which were held in treasury). Not sure why they would cancel some each day rather than in one block. Seems a bit strange.
App downloads data is a nice find!
Bit frustrating that the language seems to have shifted from problems at ED now "showing signs of a potential resolution". Previous RNS implied that the issue was fully resolved...
Otherwise results are as expected. Should benefit from a recovery in ad markets with the US election this year, and looks like TVguide is already performing well.
Things look to have taken (yet another) grim turn since I last checked in here. The debt repayment schedule leaves very little margin for error, and they appear to be having significant problems at Kouroussa before even getting up to steady state production. Mining in Africa is not easy.
I'd be very sceptical about successful underground mining at Yanfolila given that they've struggled to reliably dig out of an open pit for the last 4 years.
"For the year ended 31 December 2023, there was one customer that represented more than 10% of the Group's revenue, amounting to USD 566.9 million (2022: USD 492.8 million) across two segments, Online Marketing: USD 558.9 million (2022: 483.2 million) and Online Presence: USD 8.0 million (2022: USD 9.6 million). The customer is an aggregator who does not procure the services for its own use but provides access to an estimated three to four million end customers who order and consume the services."
I always assumed that this was Google but doesn't quite tie in with the 3-4m customers line. Any ideas?
And what if the threshold is reached due to share buybacks increasing their % of voting rights rather than further market purchases? Still required to make an offer?
At 30% they're required to make an offer?
It's still not entirely clear from the outside how their business model works (for the marketing side). I think that probably puts off a lot of would be investors.
Hopefully we should get a trading update in the next few weeks. Interested to see how the acquisitions during the past 6 months are playing out.
Down ~10% for the week. Happy new year...
At least the buybacks are coming at an increasingly attractive price!
Haven't seen anything but imagine it'll probably be mid Feb
After around 3/4 years following this slow motion car crash I finally decided to sell the remainder of my shares at 10.5p. There's obvious value here (if they can get both mines running effectively) but I have absolutely zero confidence that management will do the right thing by shareholders.
Hope it works out for the collection of slightly eccentric long-term holders that post here and best of luck in your other investments.
It'll be interesting to see what happens to the WeWork properties as most are in prime City Centre locations.
Haven't been close to this one but wow, interesting RNS given the total lack of additional detail. You'd think that they would at least try to reassure that there are no accounting issues etc.
@jammin - Completely agree but you won't get much sense out of the crowd here - I also invest in biotech and you have the same type of people there cheerleading all the way to zero.
Leave them to shout endless positivities into the void and continue to keep a rational mind.
I'm not able to attend the webinar this afternoon but could someone ask:
- Are you concerned about the size of the debt obligations in 2024/25? How much downward pressure on gold price or production volumes could we tolerate without requiring additional financing?
- What are the estimated costs associated with KEUG development / start-up? Is the intention to fund this with cash flow?
- Is there any exploration drilling planned in 2024/25 and if yes, what is the approximate cost / how will it be funded? If no, what is the plan for Yanfolila LOM?
The other thing that grinds on me is the continued reference to 200k production in 2024. I'll be absolutely staggered if they manage to hit that.