George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It’s delisted at moment - what’s app group info as some really decent tr1 holders on there talking to bod of RDGC.
The spac failed hence delisting with new target in sights (F2F).
My suggestion with the JN link was totally random but stranger things have happened.
Plus the cynic in me suggests the RNS had to be released to stop us hitting the 1’s :(
are now a spac?
Not an easy time for spacs. Jn is also involved in RDGC which by no stretch of the imagination has had a few tough times finding a partner.
Whilst I apréciate not the same as RDGC , it sounds to me like they looking to bring in another company setting up JN to retire.
The investment strategy is poor so I guess this is the only avenue left. Bringing further dilution of vela as a company
Cynical absolutely yes, Hopeful it works ? We need to do something!
This company is now totally relying on existing investors buying shares and averaging down on what they already own at a much higher sp.
Tbh, who in their right mind would invest here?. The new investor, with the quickest and simplest acts of DD will find the BOD time line making a huge list of poor decisions backed up with a total disregard for investor relations.
It’s a real shame as I genuinely thought this would be a great longer term investment but I did not envisage the destruction and ineptitude caused by the apathy of the bod.
I feel for all genuine holders.
The RNS is a soft lowering of expectations before chapter 11.
Only 1100% rise to break even on mode - kind of indicates a certainty lack of dd from our bod but after the sgs debacle MODE bod could well have thought “let’s sell this to those muppets at vela” : (
Zero comms from the bod with the additional overhead for zero comms from the pr company.
Throw in the new girl , Rachel , Rebecca or whatever the hell her name is, add laiker and it’s appears on the surface that this is just a pension pot for the very few.
The value of cash / investments is worthless if the sp never matches and with sentiment for vela at atl then we are in for a long wait.
It’s a s h*. T show from the bod of the highest order.
£250 for a Milly shares plus approx HL transaction of 5 % ( £12) plus spread of approx 10% then you need 15 % gain just to break even and nowadays that is rare.
Imo if you going to go in now it’s 10m plus to make it worth the gamble and personally I am not throwing more money into the bods pension pot.