Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I totally agree. The current BoD are being rewarded for failure and the investors are shouldering the cost of it.
If AAL had agreed to give no money for free shares given to BOD and also no jobs in future within AAL along with getting rid of JPM then and only then I would vote 'Yes'.
The SM business case was rather compelling. It remains just as compelling today.
I take full responsibility for the number of shares that I hold. My diversification comes from owning properties rather than other stocks.
I would readily accept the AAL offer if I thought it was fair and reasonable. It is not. I believe it to be opportunistic at best and potentially a potash cartel play. Time will tell on that one.
SM have failed because CF failed to attract Stage 2 funding. Brexit uncertainty caused by our government’s inept strategy for delivering on the result of the 2016 referendum will have played a part. Had the government no been stronger and spoken with one voice, Brexit would have been delivered in March 2019. The junk bond markets would have been more likely to support the cash raise.
I don’t want the BoD to benefit from the sale of our mine. And I’m prepared to throw my No vote in to the ring. Whatever the outcome of the vote I will sleep well knowing that I acted in line with my conscience. That is democracy.
I will not be bullied in to voting for something that I do not believe is right.
OR
The whole reason people are up ln arms about this brilliant engineering mining project is Anglo American are getting it for peanuts , when considering all the monies us private investors have put into it Thats the whole point , & thats why lm voting No !!!!!!! Come on SHEP wheres your backbone .
I live in the South, though born and bred in Teesside. Although I sympathise with the workforce at the mine I don't think it's right for investors to make a personal financial decision based on the job prospects of a community many miles away from them. This is not an, 'I'm alright Jack,' post. I am highlighting the fact that the community jobs are a smokescreen for CF and AAL to get the deal done.
If the BOD had been offered nowt, and I mean NOWT, then I would have voted yes.
Why vote yes if youve sold up . Or almost sold up .leave it to people who wont to take a chance to this deriseary offer, no emotions , needed ere
I understand your concern for employees of SM, but I don’t think you are correct in thinking that a no vote will jeopardize the future viability of the mine. It might be picked up by the administrators or by a new bidder, but the mine will go ahead one way or another. And if your concern is for the employees (which I share) then CF and his cronies should have thought of that before. I’m still voting no.
Unless you hold a share certificate outside of a brokers platform your only have a couple of hours to vote !!!!
Get it done before it's to late
Voting Yes....??? No lecture ?? .... Vote No No No....nobody is saving much off 5.5p ridiculous....just vote No
Sheps
Best wishes to you too,Iv'e always got something out of your contributions here !(Q SL)
Regards
ffc
PS
I'm a" NO "( fundamentals ) but understand your" yes "
Can’t afford to lose everything. Voted No with 800k but sold up another chunk.
GLA
Hi, I have deliberately refrained from posting on here so as to avoid any chance of influencing anyone in this dreadful situation, firstly I now have no financial stake in Sirius short of a vote which I deliberately kept, it's obvious to me that we have some very emotional investors here who are allowing their hearts instead of their heads rule their desire to stop this AAL buyout, its also become pretty obvious to me that certain posters on this board are being driven by the desire to hurt one individual CF at the huge risk of hurting hundreds of Employees in Sirius by sending SXX into Administration, I have always taken my financial responsibilities upon myself and no one else, it's been repeated a thousand times on this board that no one but no one made you buy shares in SXX, it was a decision we as individuals alone took.
I'm not going to give a long winded lecture to anybody, I made a large mistake in the level of financial commitment to SXX against the advice of plenty of wise people I know personally one of them being a friend who is a financial advisor.
I'm also not here today to try and influence anybody's decision in which way to vote.
What I am hoping to get through to anybody wavering a this point in time is this.
Please please make this decision based on your own thoughts and not on some of the quite frankly detached from reality posters on here who are very much showing
detachment from any sensible reasoning and driven by satisfying their desire to hurt one or two people at the very real possibility of a great many people losing their livelihoods, there are many hundreds of people putting food on their family's tables over this decision of which they had no choice about how much of their personal wealth was being put at risk by buying shares in SXX, I did and I accept my own responsibility, I will most certainly be voting yes.
Goodbye to you all, I'm personally gutted this hasn't worked out as it should have, I have a far more personal attachment to this project for my area that my own self.
Best wishes, Sheps8.
Has anyone got CF'S HOME ADDRESS as I will need to send him a Christmas card, VOTED NO, 400,000.
Posted yesterday on Sirius Minerals website. Investors - Firm Offer From Anglo American PLC - Other Documents. A 17-page presentation by Simon Carter February 2020 promoting this project. A MUST VIEW. Mentions Leaving A Legacy. £2.3 billion annual contribution to UK GDP.
SHAREHOLDERS DESERVE MORE. TO REMAIN PART OF THIS PROJECT. VOTE NO NO
RuSirius - can you join Sharesoc - we will be needing your
historic knowledge!
Thanks..
Can stick their patronizing advice. My NO vote is not based on emotional grounds, it's based on the fact that I think there is a very good chance one or more of the institutions will step in to save their investment, be that their bond or equity investment (or, in some cases, both), in the event of a no vote prevailing.
Bring it on.
It turned into a Australian J.
Rusirius - where did the name j curve come from ?
Thanks
Gert - you win !
Tex the one you missed was Frying Pan To Fire.
The Sunday Times have asked us if we know of any shareholders living close to the mine/Whitby area that would be available for a discussion and photo.
If that is something you are interested in please contact Liam Kelly liam.kelly@sunday-times.co.uk
The investor support group enlisted to help retail shareholders in Sirius Minerals has urged them to put aside their emotions and recognise the “very high probability” that they will lose everything if they reject Anglo American’s takeover bid.
Sharesoc was approached by investors in the North Yorkshire fertiliser mine developer last year. More than 900 individual investors have signed up to a group that it established to help them to “work together for the best collective outcome” after Anglo’s £405 million bid last month.
Sharesoc says that Anglo’s 5.5p-a-share offer is “undoubtedly opportunistic and takes advantage of the distressed financial position of Sirius”. It notes that “some shareholders have suggested that they will allow their emotions to dictate their vote, preferring to risk everything rather than to accept what they see as an unfair outcome”.
However, it says “investment decisions should be made on objective, not emotional grounds . . . Shareholders are faced with a choice between the certainty of an unpalatable outcome at 5.5p per share by accepting the Anglo offer or the very high probability of a total loss by declining it.”
Sirius Minerals has spent more than $1 billion developing its mine near Whitby where it plans to tap polyhalite beneath the North York Moors. It recommended the Anglo takeover after failing to raise more than $3 billion needed to complete the project. It faces running out of cash by next month and has warned it is likely it will be placed into administration if the takeover fails.
The deal will crystallise heavy losses for many investors in Sirius, whose shares were worth 37p less than two years ago. The vote on Tuesday needs approval by 75 per cent of shareholders voting by value and 50 per cent by volume.
The outcome is uncertain partly because of Sirius’s retail investors, who numbered 85,000 holding close to half the stock as of December 2018. It has been further complicated after Odey Asset Management acquired a 1.4 per cent stake and committed to vote against the takeover offer unless it was declared “final” or was increased.
Henry Steel, portfolio manager at the hedge fund, said yesterday it had cast its “no” vote and would not change it unless the conditions it had demanded were met.
It is understood that there is nothing in the Takeover Panel’s code that would prevent Mr Steel changing his vote, as long as he did so publicly, although this would be highly embarrassing for the fund. Odey stands to lose about £5 million if the deal fails and Sirius collapses into administration.
JR has gone all in, I think he said his last £15k of saving were invested in GGP @ about 3.8 so he is currently I n a great position. I really hope he has taken some profits. There will always be dips.
I’m not going to comment on his investment strategy (or lack of) but the guy has balls of steel.
Buy low, sell high. That’s the AIM name of the game.
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