Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Uncertainty I guess and maybe a tad impatient.....a bad PI trait. Taken a chill pill.
looks like there is still 'stuff' happenin'.
what's with all the questions Maggie?
Sounds about right, Awstin. Still, that gives a good opportunity to buy some more for anyone who doesn’t feel they as yet hold enough.
The only trading expected here would be from us pi’s, most of whom will have well established their positions.
Assuming the likes of RH have stopped selling then I would expect all II’s to hold until a “leak” or the outcome.
So conspiracy theories about MM’s p****** about is a load of b******* IMVHO.
So there!
If this stays around 17.5p then it will eliminate the clever d.... (jealousy comment) who make a few quid day trading.
Like leas we just wait and accept the outcome.
Pp, going on past form, all news will be bundled together into one RNS, lessening the impact of each.
You have my sympathy, leas. Must be very frustrating. I’m with Alliance Trust Savings (now interactive investor). The trade team on the desk (based in Dundee) are always first class, but the online platform is poor, IMO.
One month today since the sales process began. I suppose it is possible that potential bidders are waiting on one another to start the ball rolling (if one ignores M&P’s 17p) and then to see management’s response before deciding when to play their respective hands. I also suppose it is possible no one wants to bid, but seems unlikely given what we all know and which has been posted many times here.
I am very frustrated at the lack of any operational update: OBA third party oil and Indico 2 particularly, but also Oxy progress and timetable. Perhaps mgmt has decided that it is irrelevant to update the market as the insiders in the dataroom will get their private q&as on such matters: ah well.
There are three upcoming events:
1. Indico 2 spud
2. Interim results
3. Indicative offers / recommended offer / end of sale process
I wonder which order they will be published in ? Interims due in about three weeks, I would have thought Indico 2 ahead of that. Question is where will point 3 land in the timeline ?
In my view this is the quiet before the storm, I reckon it will all go a bit more active from the first week of September.
If that’s the case, they have been at it for a week now. Got this feeling they will test holders resolve below the offer level. This will create some uneasiness and I suspect will see some stock shifted. I will keep taking a few during this drip fed drop.
Not much selling either.
Looks like MM's having a fun day to me.
Looks like we could test 17p, very little buying at this level which is so what troubling.
The last update included the message that shareholders should take no action in respect of there shareholding until completion of the strategic review. Is this ‘standard’ advice in such situations from BOD? Is this a message that in all likelihood, given there initial discussions with other interested parties, that they foresee and confident of acheiving premium to the current offer or merely they don’t want selling pressure that could take us below the 17p? The SP is pricing in little upside.
Unfortunately my shares are locked up in Administration when SVS went under so irrespective of share price movements or news I am stuffed until the shares get transferred.
Maxed out on investment ISA so longer this takes the better for me. We may get updates on Ind-2 in that timeframe so feeling positive overall.
more RNSs than posts!
almost palpable.
yup.
just added at 17.44p - never did I ever think.
There are always "potential" issues with any AIM investments. Sentiment can change on a sixpence - but invariably the lowest lows are reached much faster than the highest highs every time.
Nevertheless, as AIM prospects go, I think Amer is as good a short - to medium term - investment as there is right now.
Underpinned by an albeit low offer, with other interested parties waiting in the wings, and a push by bigger fish to extend their exposure and investment into oil in the region.
Just a case of waiting for the market to respond in kind to the rising bids as they emerge. Worst case scenario as I see it is right now is a protracted bid process that drags out in silence raising concern among investors and encouraging a few to maybe even leave the venue in disappointment, before the party has really even got started.
Time to sit on your hands / add more if you can IMHO
GLA :-)
i sure have.
willec - i was a one company pony for many many years. i now think that is not the best. diversificaiton lead me here, and to other stocks. some good, some bad. i think it has been for the best overall.
I totally agree which is why I ignore most of them
Willec / it’s a tough job that you have sought - to be the most accurate soothsayer for Amer ‘s SP - you must realise that the LSE chat room for Amer
Is reserved for sophisticated investors who loath amateurish comments.
Think the were mothballed with vitually no more money being spent on them in the forseeable.
Amer do have a habit of just 'forgetting' about their failures!
?Paraguay Projects ·do not exist in new website....have Amer sold the licenses or released them as no suitor is interested in Paraguay?....
will not be below the 17p already offered and Michinoko want out so they will make sure it happens. otherwise the BOD Know they will have a disgruntled seller off loading and crippling the sp for another two year period as per last dissatisfied large investor. So the boards only option is to get the best price. I still believe like pickled peck that we will get a much better price than we currently stand at and they can sell just CPO5 for 250 million if the Indians want it so badly. That gets us the equivalent of our first offer more or less. Then all other sells are a bonus. Plus divi up cash in hand and that is another 4pIf you take the rest worth at least another 16p so theoretically aprox 37p. Wow not far off what stifel valued it at. and I concur. But the sooner the deals are done the better in my opinion. That is why I have always maintained that 40p bid would potentially come inform left side and take the very lucrative prize at a very reasonable price for all parties concerned. GLA
Well said pickedpeck!
...apparently also own about 9% of President Energy (PPC) per their Feb presentation. The CEO there is calling all the shots given he has 30%.
I know this isn’t directly AMER, but I thought it might be of interest to some of you.
pickedpeck: thank you for making me laugh this morning!