Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I was against the structure of the prior offer, but I strongly think that this is it.
As people have already said, there's the 1.8p payout, and any residual value in the remainder (some cash, etc e.g. I'm not sure there will be any tax benefit of the many millions of prior year losses for a BVI company, but there could be something).
So although I will have lost out massively on this deal, I think this will go through and is better than nothing.
Good luck all.
nm
The 1.8p payment doesn't represent everything, they will still have circa £8-10M so NAV will be nearer 2.4p
Although my first thought was most would sell, on reflection those who are underwater have been given a chance to average down. The SP may even go above 1.8p leading up to completion as after the payment there will still be residual value of cira 0.5p.
Accepting the first offer would have been better for the SP, lets hope the same people don't reject this one.
You will get 1.8 Pence on a Capital Return plus still have shares that could be worth a fair bit on holding AMC. lets assume 0.2 pence. The deal could be worth 2.0 and there is a chance of a second bidder now. Damn he could always be forced to pay a lot more. This is NOT the final offer.
Russia under fire and infrastructure being obliterated? No. Sanctions, if the world needs a resource the buyers will get it from anyone. As usual something of value will end up in Russian hands at a knock down price. The $100m offer now looked very good. As regards buy,buy,buy who is likely to sell, sell,sell.
Looks like the buyers are gambling on having enough shares to swing the vote on this rubbish offer....why would anyone sell them their shares for less than 1.8p even if you wish to accept the offer? The money being talked about here is peanuts in the world of mining and energy and surely another bid cant be ruled out.
THE RNS is what will be honoured subject to approval, so yes a special dividend.
meaningful voting position to do what? reject it? only existing s/h's who were looking for 7p again will vote no. most folk will be glad to see the back of this, imo. the war and sanctions aren't going away anything soon... holder's being shafted, yes but the alternative is... ?
The 1.8 will not be paid as a special dividend. It will be paid as a capital repayment that you will not pay tax on. It is just written that way. Buy buy buy upto 1.75p
What are the chances now for another BID from someone else?
You've got the right idea , there will be big buyers around here taking meaningful voting position
Who are they kidding,
'Special Military Operation' have adversely impacted our ability to advance, develop and place Kun-Manie into production in the foreseeable future,
They were never going to advance this in the near future.
Sp settling at 1.3p.
That's if it get's approved.
There is more in this: Another bid can and will appear. 200% Premium and I may think about it.
They say this is a final offer, don`t believe it. Its a starting bid. The Russian want the asset..
So buy at 1.3p and get a 1.8p dividend? A 30% + profit in a few months? Or am I missing something here?
Are we being paid a DIV so its not a capital payment?
So will lose huge amount in capital loss, and pay top rate taxon the special dividend?
At the price of a couple of nice houses in London, any chance of another bid.
They have done very well in poor conditions here. 1.8p and you keep the shares. Your choice if you sell or keep after the Divi. Well played Robin Young. Also a Buy below 1.3p if seen, no brainer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Says who? Hear say surely
1.8 pence as a special dividend.
No after dividend pay out , AMC will be wound up.
This will be a dividend and you will still hold shares on the live market right?
Up over 60%. That's the reason for the buying under 1p. Smart money hoovering them up..
Best offer AMC will get.
Look at BP and Shell walking away with £££ losses at least we are getting some money back.
If its less than you wanted, then buy now and vote YES at least you'll get a tidy £ profit when the divi comes.