George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
strange close. went to price monitoring in the auction. A closing price def 0.21 from multiple sources.
despite what looked like a see of sells towards the close
Hopefully, tomorrow will be as good as today. I'm hoping this has the legs to smash through the 0.3 barrier.
If it does this will get very interesting
Anyone not familiar with EQT look at May 2018. It went from 0.3 to 0.8 in 1 week. With 1.6s then 1.8s being taken in the following phases
Totally agree CMN
think that 20m sell on Friday was significant.
I can see the next phase of price action pushing to break out (>30), it it does then this could move fast!
share away gspanner......welcome to the 50club lol
For those who cannot see it
1. David Palumbo is the Managing Partner of Origen Capital.
2. David Palumbo, first moved onto the board when Origen were financing Ian Prices EQT & wanted their man on the board.
3. Origin introduced Altair to this company. Altair know David Palumbo very weI'll.
4. Altair are fully behind this, having staked just shy of the magic 30% in Equity.
5. David has spoke about the Riverfort financing due soon, specifically around an SPV rolling up to the EQT head company (any guesses who will be throwing cash in here without increasing their 30%)
6. Once the financing is sorted, all investors will be strategic. There will be no one there who doesn't want to be, therefore no major sellers
7. EQT are at financial close stage of another project (Greece). They are also working closely & approaching final stages of others (rhymed off by David on the call)
8. In bed with massive multi nationals
9. On the call, reading between the lines, David most definitely said of course they would be interested in a takeover, but not at these ridiculously low levels.
10. David has a background in project financing
11. David just issues warrants to him & all the staff at 0.25 redemption.
Let's join the dots then....
David (via Origen) has skin in the game. David via the warrants has skin in the game. Davids buddies (Altair) have skin in the game.
David has a tremendous relationship with partner COBRA. EQT is small fry to them, but their tech would be a very welcome addition.
David has a value where him, his mates & existing shareholders can sell this on to someone else where everyone makes bucket loads.
Old none strategic investors are finishing their exit, all aboard new guys.
Project pipeline will be executed
This will hit the magic price where everyone will be happy to sell (possibly to COBRA)
Only question is the price. David laughed at these levels.
Given his comments on the MCAP I see him valuing it at 100-150m......
Thoughts people?
Your welcome!
There was plenty more but that was the main pipeline stuff I think...
He was delighted in saying we will have an update on Billingham in next 2 weeks
Greece still 100% all good, banks are slower with financing due to sheer volume of Covid claims from public
In talks on numerous new projects. Will hear about these soon enough
yes, there is no ground breaking new news on that.
the next RNS hopefully there is, but not now.
hoping the market sees different though & it goes on one of it's now legendary climbs
absolute ******s. Sorry to say this is a no go until that lot clear off.
they will be gone soon enough when the volume dries up
To everyone holding over night, can see this being an all or nothing event!
Yes calculated; dilution is expected to clear the debt.
Long term prospects more than outweigh this. Might dip short term but then it should be smooth sailing. What will you moan about then?
Altair are long term strategic investors. They own 29.99% of the shares (just shy of the 30% takeover requirement)
David Palumbo has close links to these guys, they aren’t selling shares anytime soon. This can be easily verified by looking at the share register.
Better sell out then Danny. Clearly it’s hit is highs & the only way is down now
I219 - Could this not be part of a normal higher highs & higher lows trading pattern?
176 posts, all on EQT, all since Mid 2019
calls himself Calculated One
Ladies & Gentlemen, please meet Ian Price! The worst CEO in AIM history
Great interview again
Opportunities: “Identifying the 20% that gives the 80% return”.
Another hint at the big one.
Just wanted to bump this thread up.
I fully stand by what I said yesterday. This is just waking up after what was the perfect storm dragging this down
There is no reason, on today’s As Is, why we shouldn’t be between 0.8 - 1p.
This will continue to grow as more things land
The sky’s the limit here Over the next 3-5 years under this
management
Something to do with being based in Ireland
Insulated against the weaker £ though...
Should be a holdings RNS on its way then hopefully
Good work eye
must be under 100 left now, surely!
Fully understand your caution I219
0.4 gives an MCAP OF ~16m
We were at 37m last Jan awaiting a contract
Similar companies in the private sector have valuations of 80-100m, however, they have ZERO completed projects & ZERO contracts
We have both
I think this really is the perfect storm. If this isn’t AIM company of the year I will be shocked
Fingers crossed everyone!
I219 - if this isnt way beyond the 0.4s by the end of the year I will be very disappointed
David Palumbo has went about his business clearing the decks behind the scenes. No he’s started to deliver & sharing plans etc I strongly believe that there will be significant achievements each QTR for the up coming couple of years.
0.4s will look like bargain basement come December...only my view let’s hope it’s right!