George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The Gravy train keeps running they have no shame bleeding the company dry TWATS.
If BP were interested in avacta you would think now is the time to mop up shares ,But i suspect there not interested . AS always intimated a fund raise would not be necessary a deal would be done so what happened .
As needs to go he’s a disaster I want to add shareholder value well all he’s done is destroy SH value, were looking at 30million shares per year to pay off loan at this rate the company will be worthless .A license deal need to be negotiated NOW or we’re going bust.
BP will wait until the company is broke cant keep going to the well for money,AS stewardship has been a disaster financially inept . At the rate the SP is tanking it will probably be worthless and go bust then be picked up for pennies.
Bit of a disconnect between SP and news obviously the market is not impressed, I am at a loss as to what will lift the SP BP are not interested ,So we just drift lower until either a bid appears or it’s worthless and we’ve all been had.
You would think anybody thinking of a takeover would be building a stake at the present SP , But BP just don’t seem interested got to ask yourself WHY!!!!.
I remember Wolf Minerals building a plant to extract Tungsten didn’t last long went tits up,Taking SH to the cleaners people lost a lot of money.
The several million shares to be issued shortly will be a drag on the SP ,Imagine if the price stays around 50p 28million shares to be issued in a year just shows what a bad deal AS negotiated.
It is comforting to know there not going to San Diego to announce a dud ,So against all odds I am hopeful of a share price boost.
This company should be in the wallpaper business.
The company thanks to AS is in a death spiral the poster better blow the doors off or AS is toast we have now reached a critical point in the life of Avacta, It either goes forward with renewed optimism or folds in a spectacular crash. Reminds me of the Wizard of OZ with AS peddling dreams and nothing else.
Another 8 million shares to hit market shortly to pay loan ,A bad decision to take out a loan why not have an issue at the time and not pay interest. Who is advising AS he is financially inept and has to go when he says i want to increase shareholder value bye his actions he’s destroying value.
Disappointing to see all the early gains evaporate.
AS always intimated that he was not concerned about raising more money that license deal would be sufficient, In light of what has happened one would assume that giant porkys were told he should resign and go NOW.
Need 56p to break been waiting since 2016 the movement rang is abysmal sooner watch paint dry.
makes you wonder if the data is good why not release it and boost the share price before the raise ,so one can only surmise its not that good hence the **** price of 50p and a bath for the share holders.
He’s going to have to magic up over 6 million shares for next payment £3 million plus interest AS is financially inept, What annoys me is he said he wasn’t concerned with raising money and said he would raise funds via a licensing agreement. To have an issue for 50p was scandalous and he needs to go .
Next payment due he will have to magic up over 6 million shares to pay principal plus interest , Not the best deal shows AS as financially illiterate.
Wont take long for the BOD to take a bonus the decline of the company is scandalous it has been milked dry by greedy directors.
Not best pleased at this price my average is 12p thought it would push on after salistick announcement .