Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Never realised someone had posted yesterday
The timing of the update is very interesting as it will be also the deadline for notification of holdings RNS.
Coincidence.... don't think so.
Think the board are managing the process well ATM imo.
I would hope santos is outperforming to give it some clout.
The trading update is due next week, If there is good news on production the BoD should try and get this out before any offer comes in, if they are allowed?
The trouble when small oil company's get themselves into a takeover situation there can be a lot of self interest by the board members and they tend to forget about the owners (us).
That's old news now but thx anyway.
Check out @Ophir_Energy’s Tweet: https://twitter.com/Ophir_Energy/status/1081639220668706816?s=08
Got calcs wrong shouldn't be £1.35 should be 61.8p. Still a pretty high average though. As I said can't see what price he got for his initial 100,000 before 2013 though.
Offer price predictions: 50p - IAmNotAnAnalyst 55p - dusterinmong 58p - NewKOTB 60p - Harts 55-65p (60p average) - Ammu123 55-65p (60p average) - ArielArrow
I think Medco will go for a low ball offer of 60p to start if you can put me down please.
If you look at Booth's share purchases on lse his average share price purchase is around £1.35 if you include the purchase on 20th Aug 2013 at 306.5p. I can't see what price his initial 100,000 shares was at but his recent purchases on 13th Sept average at around 37.5p so I doubt he would be willing to let this go as cheap as 45p. That's my logic unless he was awarded some of those shares for free. What I'm trying to say is that he has self interest to not let this go cheaply such as 45p. Fingers crossed for another bidder as well as Medco then the £1 plus discussions can begin.
Still expecting a Dollar ................ Otherwise Medco would've gone through the roof .......... One less share for the bots to worry about ha ha ............ Out of London to some dark far away place to Divi Up ....... Mind how you go out there ........ Best Wishes All.x
The rules that you refer to relate to when the bidder has already acquired shares and then take their shareholding above 30%. The highest price paid over 12 months refers to the highest price they themselves paid, not the highest price anyone paid. Please don't quote rules and make such statements when you are not sure about them.
Ok, thanks for the helpful clarification. From those who were helpful.
Urraca, I think someone already emntioned it here, the applies to a forced takeover when the buying company reached a share % threshold. This is a negotiated buyout with a price which would be voted on by shareholders with a board recommendation to accept or reject.
Offer price predictions: 50p - IAmNotAnAnalyst 55p - dusterinmong 58p - NewKOTB 55-65p - Ammu123 55-65p - ArielArrow Any more?!
I might be getting this wrong, but doesn't the takeover code require that it's at least the highest price achieved in the last 12 months? Which was 76.6p on 15 Jan last year. If they wait until after 22 Jan, the year high comes down to around 65p. That is a signifcant saving for the acquirer.
Anyone selling tommorow takes the risk of being out at possibly the most important time in the history of ophr, I still hold some at 1.40 and have written them off,
55p for me. like yu state decks are clear
Senn,
Bit of fun in the Sun ..... 58p, although in my day fun was found on p3, today we are taking about P2, estimated 65m imo
I also think 55/65, without fortuna ( a giveaway price ( should be double.
The timing of the non renewal of Fortuna is the clearest signal that the offer will be upon us very soon, if not Monday.
Just think how embarrassing it would be for the board of Medco to acquire an asset only for the licence to be revoked, or worst still , hanging around their necks like an anchor dragging along the bottom unable to be retrieved sucking the energy out of your sails for years to come !!!
So should the market wish to drop the price I will certainly be adding more.
Gla
Offer price in the range of 55-65p
True asset price imo without Fortuna 80p.
Medico is getting a good deal
Your guess on any offer New? bit of Sun fun
senn
Decks have now been cleared , scrubbed clean and made ready for the new owner.
Our ship Ophir will go on to do great things for the new owners in years to come and all us shipmates will look back and wonder "what if".
Hello munch
where do you see an offer price imho? could the FT be correct with 55p after all the wording sounds like it's done deal to me
senn
It’s clear that Fortuna was a waste of time and money so here’s my two pence ..... . Announced that they have applied for renewal of licence knowing well that an offer is on the way ...... . Announce offer via press release at 7pm British time which is strange but I believe it was to build the hype .. Money , time and a lot of stress / effort lost in the assets they have ..... world class they may be but by the time they come in to production the world could be in recession... .. They knew all along Fortuna was not going to happen hence the early announcement ......BUT WHY DID THEY NOT renew it ? ...... because indonisa and Equatorial Guinea just don’t mix and the state of EG have been somewhat internally informed of the sale hence they were not sure if the new potential owners or the risk it will bring. . . The whole saga stinks, I really feel for LTH here as I got in near the lows but truth be told it’s all about qeography when it comes to value ... it’s why Asian / African companies be it oil / mining etc have a lower valuation due to higher risks. Good luck, although it’s priced in , the market will just read the negatives and mark it lower .... it’s life.