George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Is it:
3 more years salary collecting ?
3 more years of CR ?
3 more years of rinse repeat of sp ?
or are we really going somewhere ?
wjmflp
Brom,
Nobody would question CR's to keep us afloat.
I question unsolicited acceptance when the sp is rising.
I also question their timings (lower prices because of their timings) and news/utterances from the Globe (fully funded?)
As for statements from people on my failings as an investor who do not know me or my share dealings
well that identifies them for the type of person they really are behind the keyboard.
Holiday from BB time
wjmflp
Question mine and any others as you wish
You have heard nothing from me and will not
More than 3 years in this share and Dry Well shafted it every time it looked as if it was going anywhere good with every CR imo.
Most LTH on here could see that a week or 2 after the last unsolicited one he could have got the same amount of funds with many fewer shares the way it was leading into the drill.
Only he knows why he did it then.
I even remember one CR many people on the board were asking why he did not ask existing shareholders to take up a decent % of the CR.
He did not even bother to ask (unless I am mistaken) and the historical timelines seem to be always leading up to drills as the sp is rising and post a beer up in London.
Bitter - well yes !
But still holding and in a small profit as we speak
wjmflp
Chartman
If you had been here long enough you would know I am a LTH who feels stuffed at every CR.
No way I deramp any share I own
But owning them gives me the right to question our beloved Dry Well and some of his (imo) decisions and timing of them.
I firmly believe that his decisions to date have been more in line with his own benefits and less to do with ours.
He wins whatever happens to this share
wjmflp
in my dream 2
Ask em through the door Dry Well
Probably the $3m unsolicited taking the pxss after selling down from 1.4
wjmflp
As I asked Lefty in a post before the selling off today
Did DW cause the J hook formation with the $3m so called unsolicited offer that was accepted.
If the new shares holder started selling into what most on here would look as a predictable/anticipated rise in sp then maybe the J hook was formed by DW and not the buying/selling trends
If that was the case then a 'double-whammy' candlestick formation (I just named a new candlestick formation to describe when the pis/lth are shafted) was formed when not only did someone make money on a reduced sp buy but also made money on selling in to a predictable rise was formed.
Howsabout that description of what IMO just happened
wjmflp
There was a knock on the interconnecting door. DW puts down his cigar and coffee cup, wanders over to open the door.
'Nice one Dave - I just thought I would let you know I have managed to get rid of the $3m shares you let me have on the side.
You got $3m in company kitty and I earned a nice 20%+ in just over a month.
Shame about the rest of the div's hanging on to the paper ones.
Let me know if any other opportunities crop up later'.
Then I woke up sweating.
I am now wondering just how many of those shares have been sold on to the market keeping the price stuffed.
wjmflp and only a dream and similar to my opinion
Hope Dream no. 3 is a good one with a happy ending and not like the first two.
Should have been a straight line and higher without the DW intervention
IMO
wjmflp
Lefty,
Have you considered that DW caused the J hook to form and not any buying/selling strategy?
or are you referring to an intraday j hook?
If it is a weekly/monthly pattern then DW thereby invalidating the pattern.
I am not a chartist in any way, shape or form
wjmflp
Was the denial of consolidation before or after he said no CR and fully funded
wjmflp
IMO I want a full buyout by PMO after oil
All share or cash/share
PMO gets their future resources
We get a good price
DW gets the bonus ball and a place for a while on the PMO board until they get rid
wjmflp
Thats why we are not at 2p let alone 1.83
wjmflp
IMO
Not badly timed for DW.
He has done it a few times before to stymie any sp rise for the LTH's
Gives him and others salary confirmation for a few more years
Let him come over again for a rally for the troops - fully funded
Only interested in his income not ours
imo
wjmflp
Dave getting Dave ok and all the rest are fodder
How much does he make?
while everyone else just loses time and time again
DW on a winner whether 88e a success or not
Cannot wait to get out
wjmflp
I was a fly on the wall in an office block. The inter connecting door to two rooms was open and a voice from an unknown person could be heard
'I could do with a couple of dollars to help out. How about I put a few mill $ into your company but I don't want to buy shares on the open market at market rates and commission so just issue some confetti and you get to see it on your balance sheet.'
When I look into my room there is a guy who looks like Old Ned Kelly sitting at his desk eating hobnobs
He shouts back
'Sure. Our company looks rosier on the balance sheet, salaries can be paid for a couple of years longer, we won't run out of hobnobs and if we do good in the next month you can sell out and double your money'
'Win/Win'
The Ned Kelly lookalike leans back in his chair, puts his feet up on the table and sighs...
'Wonder how RMP are doing'
Gets up, walks over and shuts the inter connecting door.
The noise of the door shutting wakes me up from my dream with a shudder.
Did I just have a nightmare I ask myself.
Disclaimer:
All of the above was just a dream and I have no facts to corroborate any of it and readers should be aware that it is just fiction
wjmflp
our illustrious leader has pegged back the price with just a few ill chosen word words.
'The Company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed.'
end quote - end for now any share price rise
I have broken my silence as I cannot stand the man or his methods
I cannot wait to get out from this share and away from his endless raising to ensure his salary continues into the future.
All IMO of course
wjmflp
Is the reason for the latest delay likely to be that a senior member of the FO Tier 1 team is on a nice holiday with the family?
wjmflp
Knowing DW it's more likely to the 8/8
8th August.
He knows how so many hang on to things like that the little tease.
wjmflp