Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Interesting snippet from Malcy's blog today: Thalassa has had a trading update this morning and says that it has experienced good trading in the year to date and has ‘healthy’ levels of order enquiries. As a result the board expect another satisfactory performance this year. I like this company a lot and am hoping for a catch up before long, the shares which doubled from 150p odd this time last year have now lost a third of that but at 200p it looks very interesting to me. I think that the market hasn’t really latched onto it and its a bit of a slow burner but the technology is first rate and it has the capability to really shine one day." I don't have a holding here, but have been doing a bit if reading up since viewing the blog post. Looks interesting. Is the general consensus though that this will slide further whilst Henderson offload?
glad I did wait...thanks. I like thal though and I believe it will come good in due course.
no problem
it is then lol...lips smacking...come on down, hgi
..
Spot on - appears a muted update. The lacklustre statement has certainly not helped the share price and the pushing back of results to September (vs. July last year) is slightly concerning. Thalassa remains a good medium-term prospect, but with HGI selling using their CFD as a hedge, the share price will probably continue to come under pressure Cut losses at 194p for a 5% loss. Disappointing, but that was not a great update from the company, by any stretch of the imagination. Best to be flexible now and then re-enter when HGIs situation becomes clearer. Once again, good call on that front riddler. El1te
hardly encouraging
Am i missing something here?
I as ever respect your opinion but in this case you seem to be taking too much of a healthy interest here for a non-holder ? I'm sure you wouldnt be angling for a lower entry perchance by putting people off buying ? its eminently possible Henderson may not sell their 2nd tranche
Some decent sized buys reported today from yesterday, rather reassuring.
Based on my shares counting (which could be completely wrong, given that this is the first time I am trying counting trades), yesterday there were only 20k shares left. However today there have been 70k sell and 7k buy, so we have to wait a bit more, maybe just a matter of days.
Wish they would hurry up selling so this sp can get somewhere back to what it is worth
I will have to follow your advise and wait anyways... I just put my last pennies in WSG...
interims probably released later this month, if results are good we may get an indication if Hendersons are selling into their 2nd tranche or not
As everyone expected, HGI is selling. Yesterday they announced they went from 3,736,524 shares to 3,380,731. So there should be 380,731 shares left from the initial tranche they bought sub 60p. I have counted about 250k shares as net buy yesterday and today, not many today though, probably potential buyers were put off by the rns showing HGI selling. We shouldn't be too far away now, provided they stop selling and none else is selling. Then in 3 weeks time there are the reuslts and it should be a good read. Riddler, I really value your opinion and would like to know if you think the above is way off the mark. You said that you cannot fight hgi with their 15%, and you are right on that but what if they are now selling the 1m shares they bought sub 60p and holding the 3m shares they bought at 250p in November? Thanks
the Henderson effect.....
is it hard to shift this price....
More buying today. At this rate HGI will be done with their initial tranche by mid-week. Then it will be interesting to see if they continue. Does anyone know what are the notification thresholds lower than 16%?
Would be nice to see level 2 on this. Seems to be quite some supply at £2.
...that is
Sorry just noticed your question re. results, yes at the the end of this month.
Thank you. Good to know that if I am wrong I am not the only one...
Thanks FG. I tried to do what you have done and came to roughly the same conclusion. I still think they are crystalising some profit before end of half year. If I were to buy some I would wait a week or so and see where it is when the buying has stopped from IC article. Aren't results due in a month?
I have analysed HGI holding and would really appreciate the feedback from some of the more experienced investors from this bb, before I finally decide to add to my thal holding or not... Rns 7 nov 2013: hgi's holding goes from below 5% to above 16%, following the placing of 7.5m shares announced on 30 oct 2013 @ 250p, where the number of shares had risen from 17.8m to 25m shares,. Therefore HGI had below 5% (let's say 4%) of 17.8m shares= 700k shares and now has another 3.3m shares, total about 4m shares. On Investegate I could not find an rns stating HGI position before 2012, so I am assuming that those initial 700k shares were bought at a price of 60p or even lower. As per the recent RNSs, HGI have sold about 350k of those shares, so they are about half way through, and taking a very nice profit on the initial 700k tranche. However, assuming they want to sell the reminder of the initial tranche at these levels, which is a fair assumption given the nice profit, they still have 3.3m shares at 250p. Would they want to sell those 3.3m at less than 250p. I cannot see why, as they are here to make money and not lose 20% of their investment in 8 months, especially given that the company has only relesased upbeat news recently. Am I way too wrong with my calcs? Many thanks
Haha This reminds me of what Paul Scott said in his report on Friday - he asked a market maker "which fund manager impresses you?" And the MM replied "None of them" Haha!