George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Someone on here mentioned that Cannacord may have been shorting this stock for a good while. If true and they were finding it impossible to close the short even after the result of the court case is it possible that the sp crash last week gave them a way out. anyone know enough about shorting to comment?
Difficult to see how the sp will increase much in the future as big investors will be very tempted to keep trading this as each 0.1p rise means a £2m profit or each 0.5p rise means £10m profit. Very tempting to regularly trade stifling any chance of sp rise. poor lths. So stagnant sp over next year at which point funds will be low again unless there is dramatic change in sales this year.
Wobble, I think tradingdutchman has a circle of lths who have made direct representations to capxx in the past. perhaps this would be a better route in the first place if td was happy to widen the circle - think he needs private info and shareholding history - td?
Excuse me. no troll just cautious and right to be so. just to remind you, and anyone whose not read it yet, from the horses mouth in last week's rns which was a huge warning:
There is no guarantee that an equity financing will be achievable and, in the absence of any additional financing being available, the Board would have to take steps to preserve and maximise value for its creditors and should the Company fail to achieve a solution in the short term, the Board would have no option but to place the Company into administration. In this eventuality, it is not known how much, if any, value would be returned to shareholders.
Admin far more likely than rescue plan, why do you think the institutions have loaded. last weeks rns was intended to give investors a chance to bail out. unfortunately by the time the market opened prices had fallen 80%+ so no chance for lths.
Nobody here knows what Dr c is doing. what we do know is that when the sp dived to its lowest point last week his original investment of last sep (@ ~1.4p)was showing a paper loss of £300k. His overall average with the 8% purchase is ~ 0.5pence. So what we do know is that even if he sold some at 0.35p he is still nursing a huge loss. So does he have greater plans or is he just trying to recover the big paper losses at which point he exits.
Last week wiped 90% of portfolios of long term private investors and yet there's hardly been a whimper from them let alone fist pumping. It doesn't add up. Where's tradingdutchman who set up a little club of private investors with >10% shareholding? what are your thoughts on this disaster?
Yeah thanks eviking, I know that but just trying to work out what led to this. it does seem orchestrated by many conspirators and long term shareholders deserve an explanation. I'm all for an fca investigation as it would be simple to get to the truth here. Aim needs a complete makeover. it makes the uk post office scandal seem legitimate.