George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I would agree with Asia but it looks like the market aren't interested in our investment in CDT either. We have been higher than this SP without CDT and one only has to look at the reaction of VELA and CIZ to see no one is interested in the CDT price action, doesn't make sense but its true.
Noodleman, as much as some will say you are being negative, everything you have said is 100% true. The investment page on the website is wildly out of date as you say. Doesn't even have the right number of shares owned in most of the companies as well as having some not even on there. The quarterly investment gives you the investment value as calculated by them. We have no way of working out ourselves due to the constant selling of shares with no update.
But you should look past all these little things and think bigger!! lol
Anyway at the time or writing:
Mcap - £4.2m
Investment value - C.£8.5m
Obviously a few newbies here that are forgetting we have no cash. Hence why they have been selling other investments at losses. This is just my opinion but they should have 100% been selling into these rises. i wrote a week or 2 ago that just 100k shares sold in CDT is enough working capital for well over a year. We had 30k at the end of sept which has undoubtedly been used up so they must have sold some other shares at a loss to cover wages and bills etc.
CIZ and VELA would appear to be able to get some decent cash out of the shares in CDT yet both SP have not reacted at all, seems a bit weird to me.
The BoD have a good opportunity to try return sentiment to this share. The last handful of RNS have been largely positive (exercising option, quarterly report and the Cooke holding increasing) and they have an opportunity in early Jan to release the quarterly report for the last quarter 2023. That quarterly report could potentially report over £1m added to the investment value (providing it stays roughly the same as now @ £8m). That would provide further positivity. My concern is they will wait until March to release that RNS. Apologies for the long message but this would be my tactics to try and get Shareholder value (Providing CDT either stays in the same range or goes up):
Jan 2024 - Quarterly report for Q4 2023 and report another £1m added to the investment value
Jan 2024 - RNS to state we have sold a chunk of CDT for large profit and successfully recouped our initial investment of £2.75m and left £3m worth of shares in CDT.
Feb 2024 - Release a new clear investment strategy
Constant positive new flow is what is required to get us back to fair value. ALL IMO!!
It was sarcasm, but you did question the BoD actions and what their plan is. Which would require them to communicate that with SH. If you really are a LTH you will know that will not happen. There must be a reason why our SP does not correlate to anywhere near fair value......
I didn't want to say it Bouncer for fear of being cast as not being positive enough, but that is the only explanation i can think of. I read somewhere that we have to remember that the price of a company is just how the markets perceives its value.
Our value is clearly calculated as half what the investments are, and widening with every drop in our SP and uptick in CDT.
Crazy times
Thanks Ltd Axis. Been banging this drum all week and it just doesn't make sense why our SP isn't moving.
At time or writing our sp is at 0.0233 and with CDT up again so far today our MCap is now less than 50% of our investment value (nearly £4m less). No matter whether fair value matters or not that gap is way too big.
Looks like time to switch off for the year. The market has gone mad. We are down with little volume even though we have:
- a quarterly investment update showing an INCREASE in investment value by 15% (£900k)
- over 1m shares in CDT valued at the time of writing at £4.9m
- We have an overall investment values of around £7.4m
- Valued £3.5m below investment value
- No debt
Yet we have an SP at the time of writing of 0.0236p (DOWN 5%) giving us an Mcap of £3.86m.
I am not sure what else the market wants.
BigDave, yes it looks like that. cash balance decreased by 4k over the quarter but we have sold some ENSI for £102k so adding the two together we have £106k spent on something. Not that we will ever find out what that is. I genuinely have no idea how many shares we actually now hold in a lot of our investments.