George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well well….
So…. The RNS had 2 messages.
1). Nothing has happened this year and we are too embarrassed to tell anyone just yet because we promised a lot . Even though reporting on MSCs has been the same for the last 10 years, we have just realised we can use it as a reason to shift reporting by 6 months in a hope that peeps forget we are a useless bunch of to55er5
2).. we needed the money, so took whatever scanport threw at us….
Bunch of crooks….
B
You couldn’t make it up really…. There has only been 2 updates on business this year… the first was in the summer to tell us how 2022 went and the second in September to tell us how the first 6 months of 2023 went. Both updates were regulatory .
So no new contracts.
Only 2 weeks or so to go…. Why are we not sub 1p.
B
Seller still in the background… wonder if it’s mr Align😤. Don’t trust them for an instant. Just look at their behaviour. First sign of good news ( and before the official Announcement ) they were out of the blocks selling as many millions as feasibly possible… not a cornerstone investor I would want in my corner. B
So…. Why do we sit at 0.45p then?.😤…….B
Still someone drip feeding by the million in to the market… low volume, so it’s felt. B
Up 17%😳. 17% spread😤…….. smoke and mirrors. As is everything to do with Loop. B
5 weeks or so until EOY😳. Not a word😤. Do we get a pre Xmas trading update to promise more pots of jam 🤥. But……you will have to wait until next year. I think we got the same in 2021….2022 and likely 2023…….😂😂😂. B
TLM…. It was unhelpful for align to offload …. The VERY first sniff of good news since the strategy change and the TR1 was out. There is no defence and the sign that the cornerstone investor is no more than a trader just like the rest of us. If align were truly supporting the company they would have waited for a more solid foundation to reduce their holding and widen the shareholder base.
For Align to then come out and say they won’t sell anymore until the company achieves an MC of £20-£20m ( or about 2p) has sent a flare up to deter future potential buyers.
This is an annoying and frustrating shareholder and is either a supporter of corcel or not.
B
Positive news seems to just turn the sell tap on…. I am flabbergasted that peeps sell on positive news these days. B
Totally agree dream…. Something is off here. You cannot find billion of dollars worth of oil and spike. This share is being played and major shareholder/s have their fingerprints on it. Funny how the major volume was the days before the RNS… I see one of the major shareholders has spoken and admitted he sold a large chunk ( for medicinal purpose only of course😂).
Now why would you do that if the share price is going to 5/10 bag😳
Technically looks good… on the ground this is an AIM special and will be played like a fiddle all through the next run of news……B
Spoke too soon mcf. 🙈. B
It is worrying when a share price movement is predicated on the words from just one shareholder.
Richie speaks and we go up and down and then up again….
So much for market forces🙈
B
McF…… I have 1m shares @ 0.37p. I remain a grumpy owner. I was lucky to only lose a little in the heady days of 2p and had a good relationship with JP who always responded to my emails.
This is supposed to be a new broom ( and I expect an impending name change followed by a share restructure) this is a common practice for new brooms especially when their strategy changes as this one has.
I still see a binary bet here, and the confetti (warrants) will keep a lid on this for a while.
I think the openly suspect trading week has reaffirmed the Wild West AIM market is still in full flow.
I like the technicals that are discussed a lot on here, but unfortunately fundamentals mean nothing on AIM.
B
Morning Rock…. I remember you from the 2p days here….
I like you can see how this share has been played to the advantage of a major shareholder who quite clearly was given advance notice of the drill.
The SP is back to pre leak status and one can only show surprise that after the successful drill, the market cap has stayed static. This suggests that there is no economic or financial benefit coming our way. Markets are normally forward looking, so we can only take from the reaction that the market wants more…. If one positive outcome didnt help, just gave major shareholders an exit strategy, why will the next one.
I say again that if the first result indicated $1bn dollars of oil belongs to Crcl and it can be realised short term, then there is NO WAY we would be sat at £8m market value….. so what’s the real truth?
B
The market cap is sub £10m.. there cannot be a £1bn of oil. If there was we would be much higher mc, no ifs or buts….. the excitement was purely to allow someone to offload at a very nice price. That happened and now we return to “jam tomorrow “ mode.
B
So…. Almost back to pre rumour sp…. Some nasty spike for a few.. do we thank the major shareholder for dumping at a great profit because they have now filled the pond with hundreds of millions of shares going cheap🙈. Sounds like they are glorified traders and not the shining white knights we thought. De risking and capital organisation sounds like 💩 to me.
I thought we were now owners of a billion dollars worth of oil… 🥳. Isn’t your value supposed to go up when that happens.. 😳. AIM smoke and mirrors at play. B
You would think there was bad news coming… considering that since good news last Friday was publicly announced, the share price has done nothing but reverse Thursdays gains, one would think that ordinary punters are behind the curve …. AIM at its worst…. Those in the know have made their 10/20/30% and now leaving the building…. Those buying in high 50s/60s now trapped for a wee while and at least until next spud results…. So could be Xmas….
B
It’s up 50% ish in a week. Some peeps need their dinner money back. The rise very quickly yesterday was probably today’s rise without the leak🙈.
I agree this will creep up next week once things have calmed down.
B
Looks like the “sell on news” brigade arrived first… that’s ok… more will get on the bus prior to the next spud…. 1p incoming but maybe not for a few weeks yet. B
Do we expect an RNS in the morning?. B