George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
"A helium content of 0.3 percent or more is considered necessary for commercial helium extraction"
We have 4.7%.
We know concentration now waiting for stabilised flow rates so we know how much daily extraction will be worth.
Board showed restraint only raises a modest sum.
Around 10% dilution.
Bounce back today shows demand.
Helium is an incredibly valuable commodity.
10p plus easily in the next 6 months as they start moving towards production.
Mou5 is intriguing. The development plan is the maghreb pipeline.
That was the original plan prior to cng project.
I guess mou1-4 satisfy the local cng market and paul is planning to move bigger volumes.
Still find it a bit hard to believe test results are around the corner but they are.
If an institution was loading up volume would be higher.
At current prices £1mil is 8million shares. Even with a staggered approach it would take a fair amount of volume to build up a big position.
3% is 17mil shares.
The last few days volume doesn't appear unusual.
What am I missing?