Member Info for thegame316

Before people get excited- does anyone know

1) how much lithium is there?

2) how much lithium will be produced?

3) will there be any significant profit to be made or will the income just about cover admin expenses.

Also do people realize RRR only owns 50% of this "project", which is in fact an old exhausted mine where they will just be processing the waste left over. The red flag here is the following info that was given via a rns- "There are no immediate plans to delineate a mineral resource estimate.".

This tells me all I need to know. Those that get spiked at 0.2 have no one to blame but themselves.

The problem is AB cannot do anything other than start a new project and do some initial drilling before moving onto the next "great opportunity". Even Steelmin was a colossal failure. In the last 10 years what has he done to show any investor that he has what it takes to get a project seen through right to the end. For heavens sake, I can remember back in 2013 some people (myself included), saying that the Kenya gold thing would take time, but it has sound economics and will be sold for millions or generate millions once developed. What has happened in the last 10 years apart from AB getting a six figure salary from RRR and from Corcel.

I know swearing is not allowed on these boards, but that is the only thought going through my head when looking at the current share price! Am looking at topping up so is brilliant, but just how much lower will this go?

Brought several months ago at £3. Was planning on holding until £5+ but managed to get out early today at £3.15. This is far too risky now.

To be fair, I think bus drivers are long due a massive payrise. Back around in the early 2000's I remember seeing a poster on a WM bus for recruitment for bus drivers and it said you could earn £400 a week full time. That message has not changed in almost 20 years.
The engineers on the other hand are most likely earning £30k plus.

I work in the private sector and was given a 7.5% pay rise a few months ago. There was no discussion and no unions involved. If i dont like it, I quit and look for another job. Why cant the same apply to public sector workers.

To all those who have brought into what AB is saying, I have just one simple question. What project in the last 10 years has AB completed or progressed that has lead to this company making any sort of money or return back on their investment?

" less an 8% discount, rounded down to the nearest tenth of a pence if the share price is at or below 20 pence, half a pence if the share price is at above 20 pence and at or below 50 pence, or a whole pence if the share price is above 50 pence. "

Is this some sort of a sick joke. What is the point of this sentence when the sp will never even get to 1p.

i had £2.5k, have come out with £200 but i made £400 yesterday on this on a quick day trade so overall havent lost too much. could have potentially made some more if i had the guts to put £500 in at 2p. could have potentially covered most of my loss but didnt want to risk another penny on this. One lesson ive learnt is dont have more than 5% of your portfolio in any one share

https://observer.com/2020/10/mulan-blockbuster-movies-straight-to-pvod-disney-plus-premier-access/

cinema is not over, its actually recovered but the only problem the next 2 months havent got any major releases. Thats all.

the rns did not state there will be little or no value to shareholders. it just said there will be significant dilution. im not too worried as long as i get a chance to top up at the same levels as what stakeholders get. just need to look at the likes of Rolls Royce and Easyjet. They had massive dilution too but the sp ended up going massively from the initial drop so there is a good chance of getting your money back.
And also cinema is not finished. If anything the major studios have found out that they need the cinema takings to make money. PVOD was a failure. Look at the takings of Top Gun, Dr Strange etc. Once this mess is over with and we get to November and the big movies start coming out again then who knows where the sp will end up.

if the war ends then price of oil should go down which will help lower inflation and cost of living, its a simple view and there are more factors at play but thats the way I see it

i put in £20k in during the pandemic and dont even know how bad it is. cant get myself to log in to check. But ive got another £20k to average down/ pick up bargains which I have not touched yet. Its all about perspective. I can either say i am massively down or Ive been given a once in a lifetime opportunity to make some serious cash.

coming from someone who got wiped out from the African Minerals debacle a few years ago, its just money. If you dont need it then just hold on. The current situation can will change. Its the Ukraine War thats messing everything up. Once that ends then there will be a massive correction for many shares.

or wait until its below 3p and then top up

If you're not happy and you know it then sell.......

and just to think i was this close to throwing in the towel and selling yesterday lol. just goes to show, do your own homework and dont listen to others, there was a reason i brought into this share.

The figure is actually 4000% but still a massive increase. Even if half of this demand happens then it's still a huge amount of extra graphite that is needed

https://oilprice.com/Energy/Energy-General/Why-Are-Tesla-Volkswagen-And-Nio-Scrambling-For-Graphite.html

Graphite demand expected to grow 6000%. All major car makers desperate to secure supplies of graphite. Enough said.

someone's buying in carefully lol