Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Following yesterday’s RNSs I’m feeling much better about my investment here ! At least now I know why we have been going down! Initially this drop was making no sense! Hopefully once they get rid of their remaining shares then normal market dynamics can start to work and normal business can be resumed! This was making no sense to me ! Why would a company with OPHRs assets be valued at such a low market value ! The whole thing was getting me down! But happy to see an explanation!
In that case, my apologies
Dear Oh dear WO, I know, I was being facetious.
“WO, Wrong, if they had an order to sell ALL their holding, they would then declare at 0” LOL! That’s such a naive thing to say! If you think they can SELL ALL 20 million shares in 1 go then you really don’t know much about trading or investing! 1 order that big would have taken us to less than 10p!!!!!!!! No market maker would be able to work that order through with the low trading volume!
That’s because they still haven’t sold all their shares ! If all shares were sold on the 14th they would have stated a big fat ZERO! They are drip feeding and I believe the 50,000 sale yesterday was them also ! The good thing is that they only have 20 million remaining down from around 70 million ! This explains a lot !!! Soon they will be completely sold and we can start to move up again! It might take another few weeks though Good luck all holders Ophir is undervalued but until the seller clears we may be in limbo
WO, Wrong, if they had an order to sell ALL their holding, they would then declare at 0%, they elected to notify at 2.89% because that was when their last order fully completed and then declared their position. For whatever reason they still hold. I have seen RNS's in the past that show holding at substantially lower that 2.89% as the 3% threshold was crossed, otherwise all TR-1 would list at 2.99999%. The rules are in place but can be manipulated to suit as you can appreciate, hence 'elected'. Either way, I'm more than happy with the buyin price atm, guess L&G and SL are also.
atb
“Although they 'elected' to declare at 2.89% !” Wrong again ! Nobody “elected” anything ! They are legally required to declare when their holding decreases below 3%! This is according to the FCA rules ! Simples!!!!
LC,
You are of course correct, possibly just a little wishful thinking on my part. Although they 'elected' to declare at 2.89% !
For me, I'm hoping for a rise, they can sell into that, so long as the SP is moving north again.
Just looked at today's trades, could be still selling given some of the patterns shown, hard to tell.
Question is why the big bounce today? We also opened higher ! Did a short (their short) get closed, looks like a possibility given the TR-1 effective selling stopped 14/08/2018.... nudge nudge, wink wink.
Interesting day tomorrow, either way.
Luck Why are you not convinced I’m holding ? Because I like to rationally evaluate my investments and discuss both negatives and positives? Or because I don’t type the same message in bold Caps ? You don’t have to be convinced! Unfortunately I invested and I regret it badly ! Good luck all holders
New KOTB : “Given they have declared their position one could assume, for the time being at least, they are done selling !!!” ————— NKOTB That would be a wrong assumption! They declared their position not because they have decided to stop selling but because they were legally forced to do so when they crossed the 3% threshold! The problem now is that they own around 2.9% which they don’t need to inform us about! So they could sell the remaining 20 million shares without telling the market ! Watch for the size of trades for confirmation
LC,
Many thanks.
Reassuring that it looks like a single fund selling down and a valid reason for the constant drop. Given they have declared their position one could assume, for the time being at least, they are done selling !!!
With a few more blue days we could easily see the upper 40's very soon, if not more should the Santos deal be looked upon favourably by the market. Wouldn't be surprised to see us at 60p in the next month or so should these funds and others now know the selling has stopped.
Also nice to see Legal & General upping their holding to 5.15% tonight along with Standard Life the other day, big funds that see real value here.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/OPHR/13758748.html
Legal & General have purchased almost 1% more!
Oil head game I’m slightly worried but not losing sleep yet! I will continue to monitor the situation closely and if other institutional investors head for the exits, I will follow ! These guys probably have OPHR management on speed dial and know more than I or any other PI ever will ! Thanks for the advice thought ! PS: I will continue to assess, analyse and post my projections and concerns (if that’s Okay with you)
workover if you are worried. you should sell too.
Probably hit their managed stop loss target and sold down accordingly. They probably didn't expect the fall either.
Either way nice bounce today, let's see what tomorrow brings. Another gain would be nice into the weekend and looking forward to getting the Santos deal passed next week.
Don’t know why they would sell when so much is expected !!!! Makes me slightly uneasy ! Hope they don’t know something we don’t !
Sailing stone capital partners LLC were selling that’s why we dropped so low a few days ago ! They sold almost 7 million shares ! Explains a lot ! But it appears as though they were drip feeding !
Ophir shareholders (other than those who have elected for notification by website) will shortly receive, amongst other documents, a copy of the Circular which contains a notice of the General Meeting at which Ophir shareholders will be asked to vote on the resolutions required to approve the Transaction. As set out in the Circular, the General Meeting will be held on Monday 20 August 2018 at 12:00 p.m. at the offices of Linklaters LLP at One Silk Street, London, EC2Y 8HQ. The resolutions will require approval by a simple majority of the Ophir shareholders present and voting (in person or by proxy) at the General Meeting.
We are on LSE leaderboard of top risers....after many months....hopefully some news soon re FLNG.
How many bpd are they currently producing?
Stop attacking the optimistic Luckcounts! Hellyeah’s point shouldn’t be hidden on the blind side. Why the sudden upsurge this morning? Why have mms apparently relented? Any news?
Any news? we are up 8% this morning! Has sun come out of west today or what? :D
Lack of posters chatting on this board.
Anyway i am blocking and filtering out your constant ramping message here,
Luckycounts,
What a pillock you are.!
I initially did not want to buy this stock but your constant ramping made me buy and how i wish i did not listen to you. It is your constant ramping that makes the small investors here losing money on OPHR. I can understand your anger at investing in the 80s, 70s, 60s ,50s and 40p but maybe you got only yourself to blame here.
Dont fall in love with a sliding stock . You need to take a look at yourself in the mirror and dont drag others into a sliding stock with your constant ramping. Think the reasons why this stock is down, ooh and by the way Ophir is not prodicing 25k boped now as you wrongly mentioned earlier, the sale has not gone through yet. Get your facts right first.