George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I am aware of this. It's due to come onstream 26 I believe. Optimistic imo.
Other than that noone is saying that much, are there any implications for us. MIIF are on board, we're on our way with PLL. No affect on that yes?
Despite some collective niggles on q3 not q3, next week next month will of course be fine. The gear isn't going anywhere.
Sure most of us are looking beyond, looking forward to those further resource updates towards 50mT, while the build unfolds.
Much bigger picture at play than the odd date or so. MIIF or ML was what i wanted, and that's done now.
I'm surprised it didn't land this week
My previous frustrations over GH are dispelled now MIIF on board. MIIL is defacto ML imo, royalties are agreed and satisfactory by now or MIIF wouldn't have joined.
I'm eager to see procurement announcements from KM and resource increases (in time).
Rubber stamp time is upon us. We're set to procure, have funds, have the build manager, lets go.
Today as funds available. Its a reasoned choice, I try to remain objective / 'dispassionate'.
The unknown is the free carry / royalty. However I happen to believe that it will be reasonable; body language, comments, demeanour, participants, character of those involved. They are all factors. Something like PREM fails many of those hoops for me.
Directors buys, recent MIIF, and obviously ML is about to land, all factor.
Personal logic, other may differ, and thats healthy. Anyone is always is urged to remain with in limits.
The anomaly between the sp and everything else continues
If u believe, all one can do is sit tight and add when u you sensibly can
To think, we never even actually recovered from the BO non event, an anomaly in itself
A strange path we tread indeed.
Wouldn't be surprised that free carry settles at around 8%. Closed negotiations continue, unless its someone at that table no one knows. Our project economics are good enough to carry that, we want to get out the blocks and start ordering long leads ...
Secondly, one for Teddy - I think MIIF are clever and will want to get in just before ML to swerve exactly the rerate you prophesise.
September is and will be exceptionally busy here. gl
I want to say there is an unwarranted disparity in the sp with all our forthcoming news.
However deep down I think the reason for the muted sp could be the risk of dilution from forthcoming MIIF investment. Has anyone a view on this, it's difficult, we're very low already, I would really hope to minimise dilution, but MIIF are entering at a very opportune time ndeed imo, everyone plays their best hand..
Normally we have become rather muted on more conferences, however in line with carps comments below, and noting PLL current campaign which I also think will promote us, personally I'm hopeful its a pre cursor to the significant announcement we now all await