George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Compoundinterest, there's been one sell for 50k shares, hardly evidence that there's someone big offloading. The fact the share price held up recently in the high 12s after a 30% rise rather than retracing as certain traders expected suggests the opposite - that there is no big seller. My theory is that certain people who sold out of fear of finances have jumped back in and are happy to hold. I know of one such person anyway.
Yeah it's specifically IG holders. IG is a common platform traders use. 18% is from 51-250 client accounts so I guess anywhere from 9 to 45 shorters. What it doesn't tell you is the size of those positions. Is it 100 shares or 1 million?
I care not for the shenanigans that have taken place in the past, but for the future of the company. At this level it represents excellent value.
Always do your own research and never rely solely on forum posts/Telegram messages for investing. Always check the facts yourself.
Interesting article on AIM and NASDAQ.
https://www.thisismoney.co.uk/money/comment/article-13341575/Dont-let-Nasdaq-aim-AIM-market-says-MAGGIE-PAGANO.html
Arguably AIM still has too many companies. The pot of money that invests in AIM is spread so thin that it can't prop up the share prices of 700+ companies. In recent times that pot of high risk money is also shared with crypto, making the situation worse.
I can see why AIM costs would be a problem for a start up that isn't making money. These companies are also struggling to raise money on the markets because their market caps are depressed and when they do the sharks want such a good deal for themselves it ends up destroying shareholders. This too reduces the pot of money willing to invest in AIM. I've lost count how many people have told me they will never invest in another AIM company after bad experiences with placings at massive discounts and depressed share prices.
Catalysts you say?
Near term:
Finance conclusion
IM JR if successful.
Confirmation of Falklands contract.
Medium term:
Sale/farm out of IM.
More large contracts
Arnish/Methil SOWEC investment.
500m annual revenue target.
Company making first annual profit
II/funds taking positions
Getting off AIM.
Longterm:
Thriving renewables/wind farm business.
Another large MOD contract
IM completed (if we don't sell it)
Dividends
That sounds like blackmail Stokey. "give future contracts to us or we'll make you wait longer for current orders because we won't have enough work".
Given the comments of Kevan Jones I'm sure we all know who Labour will prioritise giving work to.