George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Write to your MP. That’s free and might help.
Without being funny this is your first comment and it is a ringing endorsement of what the board want. It reeks of a Pr company. If we go into administration then the company still has value. Also the board could be changed so maybe that is what they are worried about.
Gross
What really annoys me is MPs for this government saying we should take the deal. Selling a local natural resource at a knockdown price to a foreign mining company with a questionable record is appalling. If we were talking about fish and not mining and labour were not supporting it and let eu boats buying fishing rights at knock down prices they would be going berserk. This is not the brexit or northern powerhouse they promised. Tweet, write, call your MP this is not what they promised.
There will be a big statement but zero delivery.
His position on immigration, law and order and Brexit means he can't take the centre ground. Further he is going to again have to throw money at Scotland and Northern Ireland and there will be no money left for the north and midlands. He is also going to throw money at housing in the south because he knows he has to win back young middle class voters there. In my view I don't think many in the conservative party think northern workers are particularly productive for the economy. That's why they tend to invest in infrastructure and not jobs.
He spaffed 53m planning a garden bridge yet nothing for Sirius. I'm not trying to wind people up but if you are not rich and northern boris is definitely not your guy. Unless you are obsessed with Brexit and immigration.....
Took a chunk of Sirius at 3.5p as I think the government might now offer a guarantee for some cheap pr. However to think Boris actually gives a toss about working people up north is lunacy. I've been lucky to go to a top public school, then a top university, then a successful career at a trading firm. Boris is going to give me a tax cut and my firm will pay for my relocation after Brexit if need be. The conservatives have had a decade to help Sirius and done nothing for it or the north in general. I vote conservative because it's in my best interests but I do feel sorry for some of these people Boris has hoodwinked it's like they have Stockholm syndrome.
I wonder if paratek might take a flyer on motif, by funding the trial. They have had excellent price action in recent weeks and a bit of upside in their pipeline would do them no harm. They are at the stage now where a low risk high reward play would be attractive to investors. Just a thought.
Scott would you say you are obsessed with this company and the personalities surrounding it? Do you think when you look back on your life you will wonder if you messaged enough about it? Or is it for you a hobby that just got out of control? Are you not slightly exhausted?
It is not as simple as that JP would not want those bonds on too unfavourable terms as it would undermine the viability of the credit facility.
I think the bonds might be at bit more unstable due to the sudden change of tack on brexit. I imagine they are examining other options like convertible or possibly a mix of currency denominations. At 13.5% there must be cheaper funding out there so I think it may have been a move out of prudence rather than necessity.
You understand the company doesn't have any product yet? Also that companies don't advertise to support the share price?
If you are worried about your investment here contact one of the local MPs near the project and emphasise (if you did like me) that you invested in the project because you wanted to support good jobs for an area that badly needs them. The government have crowed endlessly about post brexit opportunities and their support for them but if they fail to support this project those promises are very hollow. The instability in the bond issuance was certainly caused in part by the government changing its brexit stance, what are they going to do about it?
sheltie,
I would have thought you might display a little more humility than to tell people how to trade their own books. This was always a high risk stock and was never going to be plain sailing. I remember you being one of the 99% approval club in February and now when the risk reward is completely different you are encouraging people to bail out.
In the lack any more compelling evidence ascribing a 50:50 chance seems quite plausible:-
Indeed it could be the Lemar wrote (not sure if he did) the world’s greatest ever musical work specifically about motif.
https://m.youtube.com/watch?v=rK3OScp1NDU
I would like to dedicate the song to petch, dr sandy and all his other incarnations!
50/50
Lemar
Been a long time
You say you missed me
Word gets round
You shouldn't have dissed me
Step back, don't try to kiss me
Right about now I'm 50/50
I heard it through the grapevine that you were with him
Just the other night
I don't know why I
Try hard to keep
You so happy
When you don't love me
Don't Love me
Are you calling me a liar?
Are you saying that
I'm not tellin' the truth?
Denying what she told me
You know you got way
Too much to lose
You're claiming they are rumours
You say you got nothin' else to hide
How come she told me?
She saw somebody by your side
I know everything
When I sent you on
That shopping spree
You went with him
Spending my money
Girl I'm so sorry
But you gotta leave me,
Just leave me
Are you calling me a liar?
Are you saying that
I'm not…
Would think you would see big support before that from people hedging convertible bonds.
The bond issue needs to be in place before brexit to access the credit facility. The possibility of further dilution looms. A no deal brexit and we will be talking rescue packages. I think it is appalling the government has not provided any support given their dogged determination to lurch towards economic suicide.
I think posts like this are quite irresponsible. Some people on this board were talking about a 99% chance of approval before the last submission. If the chance of approval was 90% the stock would be trading much higher and the raise would have been much easier. Given that the upside is much greater than the downside how can you possibly attribute that percentage chance of approval using any known valuation method? I own plenty of shares in this company and I am comfortable with my potential losses but let's be sensible this is a risky investment.
Does anyone know if the company has been given any assurances re lost revenue in the event of an adverse trade deal? Quite scared about both UK and EU sales outside SM and CU.