George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I still think this will be a death spiral type arrangement this time. I’d guess they’ve pretty much done the deal as well , hence the fall this week, so just waiting to find his pen and then it can be RNS’d.
This board used to be an interesting and entertaining mix of those who were positive and those negative towards WSg and their prospects. Looks like nobody left on the positive side after the last couple of years of abject failure and SP collapse.
The only way this’ll ever see 10p again is when Fooler has to do a share consolidation in a year or so’s time.
To be fair yrabs- HSBC only went above the threshold at the end of April. They’ve gone from non-disclosable to above 5% and back down again in a matter of weeks.
Makes you wonder if they’ve seen something they don’t like or were expecting something that’s not subsequently happened ?
Either way, hardly a vote of confidence in Foolers folly.
He’s running out of people to Fool now. Most PI’s involved in Aim will be well aware of WSG and the background of serial failure. Many will have been stung by the failed prospects that follow the hype of a placing.
Both feet in lane 1 now - a few weeks to AGM (I assume), Fooler no doubt scraping around in the bottom of the barrel for something to report. Queens award anyone ?
I can’t see many wanting to take part in a placing unless Fooler can convince them he has something that will make the share price rise soon afterwards. Otherwise the SP will just drop to whatever placing price is and languish there. Unless there is a prospect of something new and substantial then the next fund raise (as there will need to be one) will be back to the death spiral providers.
The market knows that Fooler will be coming for funds sometime and the clock is ticking. He has done every year and it will be necessary again. Just a matter of time but who knows how they’ll proceed and at what price. Highly unlikely to be at a premium to current SP so this is only going one way.
It’ll be back to bucket shop death spiral finance next. Nobody is going to fall for a Fooler placement so soon after the recent catastrophe’s. He has no carrots to dangle.
I see this staying in the 1’s and sliding further. Those waiting for 10p are in fantasy land, even 3p is a pipe dream.
Fooler misses forecasts and deadlines every single year but continues to make these failed projections. Even though everyone now knows it , this won’t stop him coming up with this years fantasy numbers only to admit later on in the year that they haven’t been met. It’ll be all Covids fault for the next 5 years at least.
I can see it being a car crash and they’ll announce some form of equity based financing because there’s nothing to support or pump up a placing. Hope for holders I’m deals from last year haven’t started then cash could be an issue.