George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Although I must admit I did feel a little sad about the 'further downsizing in headcount'. I can only assume that's people losing their jobs...
Yeah... I don't really understand why; I've seen it happen with other stocks - good news comes out and everyone sells up at face value before the price can go up. I'm sure theres a reason in the investonomnicon. I'm a longer term investor, to me this is great news and I hope it attracts others to the fold.
Typical, everyone sells on good news...
There still seems to be a discrepancy between buys and price action. Someone bought 700,000 shares and there was virtuakly no change in sp
I think what has happened is the quick buck society jumped on this rise but panicked as the sp dropped. I dont think well see a real reflection of the sp for a while; milestones being the result of the spanish funding, numbers given regarding the sum and frequency of royalty/milestone payments and pipeline developments (which are i assume the real golden goose). Im invested here long term, the last week has just been a bit of chaos but shouldnt gave much impact for those focused in the company's future.
Nice bit of morning reading there. I wonder if it would be good to just get Seafoxs nose out and let the company recover on its own steam.
I'm wondering if they just assumed it would go above a dollar after finalising the deal. I can only assume, or at least hope, they have a backup plan. If they did assume it would be then at least it shows they had a high opinion of what the price should be.
Does anyone know when we can expect a decision on this reindus program mentioned in the loan facility RNS. I've been trying to research it but have learned very little (partly due to not being able to understand Spanish...)
It feels as though the price doesn't move much on buys, but even small sells drag the sp down. I could be wrong though. If its City Financial that IS the major seller, it would be great to see a reversal once they have no holdings left.
My other belief is that once City Financial (or another mysterious big seller if not CF) have no holdings remaining than our sp should be able to rise independently of the nasdaq. I won't estimate any numbers.
That 4 is my average value, not the current price.
Ah I see the confusion. Yes the USA division was sold last year, but it is still listed on the Nasdaq. When a stock is dual listed across two markets, the SP should be as close as possible to prevent arbitrage (buying stock on one market and selling it on another). Until the 8th April stocks are not transferable across the two markets so the stocks do not need to run parallel so the disparity will not correct itself. The reason we are focused on the Nasdaq (requivalent to roughly 20p per share) is that it is currently over three times the value of the LSE (possibly due to City Financial selling away its holdings which is keeping the SP down (that is a guess of mine, not fact)) so when the 8th happens, the stocks should meet somewhere. If the Nasdaq has strong support at a high level we should rise to meet it; that is why it's important the Nasdaq stays up. That is my appraisal of the situation; I am not saying the stock WILL do this or WILL do that but that is why I personally am holding at 4pps. Happy to show my workings out;.
It's good to know you have been following events intently Euro. On the 8th April parity will occur between the LSE and Nasdaq; the latter of which is currently equivalent to around 20p. But yeah that doesn't matter because this will be 3p by friday for some wierd reason... aliens perhaps.
2 Zac. Either that or he is a vastly successful trader who knows a lot more than we do and is trying to guide us for our own good. If that were the case, I'd prefer a bit more technical analysis; as they say in maths class 'show your working out'.
This feels like we're trying to fill a barrel with a hole in it. The frequent 50k seller (possibly CF) is the hole and the buyers are trying to keep the barrel full. The support seems to have risen from 6.2 to 6.4 so it's not all bad news.
I wish City Financial would hurry up... the Americans are having way more fun. Im just hanging on for the 8th April.
Seafox were after 25% but not above 18p. Do you think theyll start buying again to increase their stake?
Ive been watching that, it's mostly rampant ramping as opposed to constructive debate but there's some useful info there as well as an idea of the sentiment there.
Cousins doing better today (for now); I know until the 8th April that's irrelevant but the higher they can stay up in the interrim the better when the parity begins.
Lots of sells of a round 50000 shares. I wonder if they are the same entity or if its just coincidence. Either way, it'll be good to see the back of them...