George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
LGB, Worth a read........ http://www.redmayne.co.uk/about_us/hitchin_lang_two.htm
From : Michael Padley Sent : Friday, October 28, 2005 11:07 AM To : @hotmail.com> Subject : RE: update on progress Dear Sir, All shareholders are receiving only information that is already in the public domain. The valuation of the potential property transaction assets is continuing. All current assets are in cash except for a number of small shareholdings in quoted and unquoted companies. Regards
LGB, Tick-Tock Tick-Tock Tick-Tock!!
LGB, skyhigh you have it wrong, the money is tied up in B.O.B until 2009, so SP did a deal to exchange money for property in europe owned by B.O.B ( figured he could make more from it in 4 yrs than waiting for the release of funds) The way i see it !...... the sp was being savaged by shorters on the uncertainty that the funds in brazil and holland really existed. So by whatever means ( maybe rybaks selling of holdings) he had trading suspended ! Now how convenient would it be to fanalise RAF deal and Property deal in the meantime.... while the sp is stable. So when the press say to him have you found the money yet?.... he says, no not yet !! ( but maybe when the deals are done, it might just turn up, and i will have to issue a RNS... ;-) ) SP has made it clear he hates shorters and if this comes off they are gonna get crucified !!!
RAF, GedW.... Are the price of raf not 2.7p? and will be converted to LGB at 200 to 1, which means you can buy into LGB at 54p a share, through the back door!! so if you believe LGB will come good you have a bargain.... If you have bought LGB and it goes bad you have lost the lot, at least RAF will still be around for the next oportunity.. I am locked into LGB awaiting my fate....
LGB.. RNS stated directors may have to sell some of there holdings to make way for institutions,so there nothing we dont know. A lot of tree shaking been going on in the last week to get shares from the PI's, T-Traders are also in trouble, many already been hit by stop-losses.... Pearson said he was looking for long term investors... and lets face it , that's all that will be left after this turmoil.( as ruthless as it may seem) SP may be down on reflection but NAV still the same.. Hold tight and good luck !!!!!!!
Sorry that was a strong BUY not SELL !!!!!!
LGB, nicksig," look for lots of T trades at 58p after the bell today" not a bad prediction there... Not the sp i was hopeing for today, still a lot of manipulation going on at the moment, but if you are long and paid up, it is just a waiting game to reap the rewards. Fact... NAV is 2.05 sp is 0.57 and if pearson and crew have lied, there off to jail. would you risk it if you were already worth millions??
GedW... my wife said i sounded bitchy with my last post.... it was not meant to sound like it.. no offence meant , just my first impressions
Some plugging there GedW, whats wrong with an Email addr, very annoying music by the way.. looping every 10 seconds and no easy way to stop it... IMHO
LGB, I could not post this information on Thursday because a I knew a few fund managers were circling Langbar but they have had their chance ... Do you really think Pearson would do takeover at 78P one week ago if he thought we would be at this level 60p ...This was get out at any cost antics of a hedge fund ...we are far better off without them and with ML and GM . The market brought the price to level that matched sellers and buyers 58p so their could be no movement yesterday as seller had no finshed .I expect the stock to rebound next week as more institutions get on board at these distress levels .ML and GM have done their due diligence . I expect plenty of news in next few months and all very positive .... It is a interesting story but will have a happy ending ... All this information can be checked with Mr Pearson . Keep the Faith ...
LGB, Worth reading because some of this happened after i received this email on thurs afternoon, Guys I am posting this for benefit of ordinary shareholders (not day traders or derampers )..who have had as many sleepless nights as me this week .(joking) On thursday at 3.30pm ...I received a call from Stuart Pearson which clarified the below .. The seller was a Hedge Fund looking for £2 per share return of cash and would have BOUGHT MORE if Pearson agreed to breakup the company .Lambert and Rybak disagreed with the proposed plan and Staurt felt in did not represent the best interets of all shareholders ..The US based fund then sold 19m shares .They obviously threw their toys out of the pram .I thought Pearson said they were finished but obviously they had 2.5m share left to sell yesteday.NOW OVERHANG IS CLEAR . Audited accounts are available but another RNS will not be issued .He has presented them to institutions and feels another RNS is not warranted . Presentation to institutions who bought 11% over past few days think the NAV will go to £2 plus with future plans for the company and shareholders would be better off not returning the cash . He indicate that the institutions would have a five year outlook for their investment . He is very optimist and very tired (working 24/7) recently .He is very confident of future ...He believe "the shares are incredibly cheap" . Mr Pearson reassured me that he is a Chartered Accountant and th
LGB, Don't you think sp would be about 50p if there were 13M sells and no big buys? not a 2.5p drop. I think we will be left now with the real investors and institutions buying in
LGB, So how about the spreadbetters get all overly optimistic and over extend themselves in belief of easy money (not guilty). Results dissapoint (or rather expected news wasn't included) drop a few pence. Shorters get involved, spreadbetters, cfds, traders stops losses start getting hit. Companies like IG start selling the underlying equity. Chain reaction and we find ourselves at 60p
LGB, 1M T-Trades were probably sells, priced from this morning looking like buys at closing price, would then make buys 1.1M and sells 1.6M. That would make the 2 tick drop about right IMHO. Correct me if i'm wrong but the T-Trades would be already in todays price and that fell.
Hope everyone has filled there boots with this one... if not then just had a slice. MM's have played this down very well this week, the more the buys ,the lower the sp. Cash is king ... and they have plenty of it. Announcements in the morning or friday at the latest. SP 0.76 NAV 2.20 ... the only way we can loose is if they invest all that money in the likes of moi or pet , hopefully too smart for that. Expecting audit results confirming £230M back in europe and investement plans. Maybe a sting in the tail though just like PRTY to stop the quick buck brigade!!!
Hi debbie, Sold at 8.01 this morning for 100.2 already down 22p.. gonna wait to see weekends news ... might buy back mon morning
Its like being in the eye of Rita tonight....Is there anyone out there, or all hanging from the rafters.......
PRTY,Oh dear!! More bad press Article in the Independant http://news.independent.co.uk/business/news/article313344.ece Legal fears raised over gambling listings By Abigail Townsend Published: 18 September 2005 One of Wall Street's leading law firms has warned investment banking clients not to back upcoming flotations in the lucrative online gambling sector. Poker and gambling websites have rocketed in popularity in recent years and a number have listed on the London market, or are due to, with high valuations. PartyGaming, which floated this summer and closed on Friday with a market value of £4.3bn, will now join the FTSE 100. But lawyers at New York's Skadden Arps Slate Meagher & Flom are understood to have warned clients to steer clear of the craze because of concerns about the legality of such sites in the US. The Department of Justice views online gambling as illegal. Companies such as PartyGaming, which garners 87 per cent of its revenues stateside, get round this by basing themselves offshore, but many commentators believe the US authorities will not allow the status quo to continue. A partner at Skadden Arps, which advises leading investment banks including Merrill Lynch, said he was unable to comment on specific advice that the firm had given to clients. But he added: "The legal situation in the US is pretty clear." According to trade magazine The Lawyer, other law firms are thought to be providing similar advice to client
LGB, anyone know about this statement Confirmation has been received that the cash deposits acquired from Crown Pharmaceuticals Limited (US$294m) have been successfully transferred to a Langbar International head office account of ABN Amro BV in Holland, and has been admitted to the Euroclear and DTCC platforms (with the corresponding ISIN and CUSIP numbers). The interest rate on these deposits has been agreed at 3.5% p.a.. The transfer of these deposits into Europe was conditional on certain undertakings in respect of potential Brazilian tax liabilities, in the event that any may arise. Accordingly, in the interim statement, to be issued later this month, the Company shall prudently be providing the sum of US$25m in respect of undetermined tax liabilities. Having taken specialist taxation advice, your Board is confident that this amount will be more than sufficient to cover any potential liabilities in this respect. As to the balance of the Langbar funds on deposit in Brazil (c$370m), agreement has been reached with our bankers in Brazil to invest the remaining funds in significant real estate assets in Europe. The result of our recent negotiations will result in Langbar International having no remaining assets or deposits in South America. In my calc that makes a NAV of £2 and SP 70p could this be possible??