George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
“ We have up to 60 working days (excluding any interruption period) to assess a change in control case. This period begins on the day we acknowledge receipt of a complete Section 178 notice”
So we’ve had delays and the Xmas period which has resulted in quite a bit of an “interruption period”.
Patience is key here, we could get two approvals back to back.
This is another brilliant acquisition to help us become the business we aim to be. I don’t understand how the SP hasn’t moved up but you have to remember when they released the ANGRA RNS the share price actually went down. It didn’t increase until the CEO announcement.
If this acquisition is approved along with ANGRA we will be looking very strong for 2022. Lots of catalysts to come, keep the RNS rolling.
Does anyone know if the application for change of control started on 05/10 when they made the conditional acquisition announcement, or on 01/11 when they completed the due diligence?
“The FCA (and, if applicable, PRA) will have 60 working days to assess a change in control case, which will run from the date the regulator(s) acknowledge receipt of a complete notice (and including all supporting documents).”
Side note:
Loading up down here 2p should hold as the new floor.
We saw this with the CEO RNS also. NT first hour and then a huge move up once the sellers cleared. I expect the same here 20/30% move today would be nice.
FCA approval and API acquisition are still pending so plenty of news to come next week!
4p next target! Some consolidation over 3p today would be ideal.
Nanjan22
Honestly, it hurt to sell some so early as I can see it doubling as you have stated, but for peace of mind, I had to de-risk. I'm only 25 so I can't play around with mortgage money!
Will keep 500k for the ride!
Sold half at 2.45p as I am 105% up and this is my new process after losing large profits before by not scaling out of my positions.
Still holding 500k at 1.2p. Will let the profits ride now risk-free. 3p+ next stop!
Congrats everyone Christmas is sorted!
The movement today is healthy for our next leg up! We need a lot of consolidation around 2p and then we should move up to 2.2p. Once that resistance breaks 2.5p will be our next target.
This stock moves very quick after consolidation and we're not selling. Every dip is being bought up as it's clear people are waking up!
PT 3p+ by next Friday!