George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
[Wondering if someone is starting to offload their shares for a quick 20% profit]. Or is it a buyer sneaking in on the cheap? Anyone willing to admit involvement?
Borrowing to fund acquisitions I would think. No doubt they will try to pick up as many as they can while acquisition costs are low due to Covid.
Someone make a trade, please! I just envisage tumble weed rolling through the CPP office. Like a ghost town.
Alternatively Dave, could be a speculative buy for a balanced portfolio. Whoever purchased 61 shares this morning must judge this a high risk strategy. Or maybe bought for their nephew's birthday, or something. Have to applaud their wisdom if that is the case.
The company currently holds the repurchased shares as Treasury Shares, however it intends to cancel these repurchased shares to return value to investors.
I believe that JPM are concerned about a recession and are therefore moving their money into defensive stocks. But how much do they really know? I imagine that their herding instinct is just as bad as anyone else's. So board meeting decisions can be swayed by the people with the biggest knobs. Your guess is as good as mine.
[i.e. Someone's full of sh 1t]
That's strange Antha because I sent a message on the website at 3 pm today and I had a reply at 4 pm.
Dear *****,
Thank you for your email.
To confirm, we are very much still in business and welcoming all orders. We are unsure of where suggestions that we are not in business may have come from.
Please let us know if there's anything else we can assist with.
Best regards,
Zoetic
I've been doing a bit of retail therapy to stay awake:
https://www.amazon.co.uk/dp/B09VT1L239/ref=pe_27063361_485629781_TE_item
Looks chilled.
Yawn: I'm getting bored.com.
Hi David,
You don't do Lotto predictions as well do you?
Lies, Damn Lies and CBD oil salesmen :-). Honestly though, I hope things pick up from here for the company. No reason as to why not.
Hell, I'm sat there having my breakfast and someone just drives by and throws a virtual brick in the window :-0 Mindless virtual thuggery!
The price would not have fallen so quickly if it hadn't been ramped to the heavens to start with. Just goes to show, 10% information beats 100% speculation.
Just to remind you that this company actually has an income now and it is poised to grow. This beats about 100% of the mining exploration stocks on this board for a start. I'd expect to see some consolidation when the penny drops.
I suppose that someone had to go given the poor results to date, although I appreciate that we don't know how much of this can be attributed to the current market conditions.
The new CEO does mention that he "will share a comprehensive forward-looking strategy shortly." (see RNS) Presumably the two previous incumbents didn't have one of these.
Anyhoo, I hope that by shortly he doesn't mean in 3 months time; although that would be a relative short time compared to previous updates ;-)
Gove is a toffee nosed, self serving t w@t who has wreaked destruction in every department that he has served in. We should all get compensation from HIM. I'm sure that he can afford it with the wealth that he had accumulated (the worst face of capitalism). All my own opinion by the way and I stand to be corrected. I will apologise if someone can prove me wrong (wish I was). I hope that he hangs from his own rope (give him time and he will).
[That's a UK billion, by the way].
Big shame, really. When I looked at the potential for this company, I did a comparison using a different sector but with an existing successful product. I judged that the CHLL products would have similar potential. I came up with an annual minimum turnover of £2 billion per annum. This estimate included a factor for the competition. It all appears to have gone horribly wrong. On top of all this, I don't believe that the current market conditions are favourable for a fledgling product, particularly one that is struggling to leave the nest. That's it from me, I have interests elsewhere, bye.
I'm just waiting for the directors to re-purpose the company again. Maybe they will invest in bee hives and start producing honey.
As for the rest of you, God only knows, but I have my suspicions.
I'm not knocking the company, just making a valid observation.
For those who react so negatively to honest postings, just stop and reflect for a moment.
Hasiba is a paid ramper. I can tell you who she is and who she works for.
If you don't believe me, just check out her other posts.