Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Don't worry, I think we'eve most of us got our rosies on!! GL.
Nutsy 13:49
Keep 'em on & keep 'em cleaned. I must admit, I do tend to like the pinkish hue & certainly holding out for a substantial 88e payday.
So pleased YOU posted.
keefy
Maybe I’ve got rose tinted specs on but I see a successful Charlie I drill pushing the SP into double digits... I recall I watched rockhopper go from 40p to £4
13.19
Memory's a bit fuzzy ( the alcohol ), but I did buy some RMP ( fool ! lol ) thru Comsec on LSE/Aim whilst they were still in suspension on ASX. No, you can't interchange shares between London & ASX . I had to depost AUD with Comsec. They converted it to GBP, they contacted MM/Broker/Wholesaler in London & purchased shares for me. ASC/CHi-X is a combined exchange, but it seems LSE/Aim & ASX/CHi-X are quite separate. That's my experience. Happy to be corrected.
just in case anyone wonders a link from ASX that includes an explanation on ISIN code
https://www.asx.com.au/prices/asx-codes.htm
12:22 although shares in AIM & ASX (Chi-X) all share the same ISIN Number AU00000088E2, I have always wondered how a p.i. would be able to deal in the SH with shares held in London and vice versa, but have an open mind.
ASX has a lot of educational literature as to how the market works, the matched market is in reality a simple concept once you stop thinking about AIM and market makers :-))
Thanks for your reply.
Bombarb- Sun19:49
The shares (as far as I am aware) are not in interchangeable directly from ASX to LSE and vise versa.
Thats if I understand the question correctly. On an exchange, then it carries with that listed company name.
If for example 88e LTD moved from the LSE AIM to main market listing then your value of shares would transfer.
There would not be you original shares on AIM and new shares for a new company.
From a recent post,
If you have a large order it can take a while for all the small opposite orders to fill your amount.
That is why some order can take a while to fill if there is a large number of shares to move compared to smaller trades in the opposite direction. I think if you look up the nasdaq it will give you more information on the background of automated exchanges.
Hope this answers the question.
most important factor to me is that one market or the other (normally ASX) gets the drop on the other, in AIM we can see the announcement in ASX but we can't act on them until hours later, differing rules on trading halts also can have a major impact.
It is what it is, all we can do is be aware and plan as best as we can.
Can we trade shares held in UK market in ASX/Chi-X? or are those trading in both hemispheres splitting their investments?
I do appreciate your point.
One of the several links not displayed (in an earlier post) were to the wall street journal site and investing..com
Both pointing at LSE and ASX exchanges.
Although there is (as you rightly point out the majority of the time) very close interaction with SP (including varying exchange rates), there are times when the SP's diverge more. When there are larger increases in SP one one exchange, this is (was) highlighted.
LSE seemingly increasing more (from historical values) when the large swings start.
FAFH, it's a bit like a baton passed between the two markets. By definition any significant SP change had to occur on one market only as trading hours never overlap.
In the absence of material change on fundamentals or sentiment the time honoured principle of arbitrage will come into play when any share, currency etc is traded on more than one market - arbitrageurs earn their living exploiting 'mis-matches' in pricing and this market force usually means the variation ends up being fairly insignificant. I recall in the past posters here who have claimed to have dealings on both markets.
The ASX and LSE SP are closely correlated but not absolutely bound.
Many examples exist but chances are the LSE will have to break away to climb higher than the ASX (look at past history).
https://www.marketwatch.com/investing/stock/88e/charts?countrycode=au
https://www.marketwatch.com/investing/stock/88e?countrycode=uk
The ASX is stuck at 1 year highs, just as the LSE IMHO. Whe the LSE breaks away thats when we will start to see continued high climbing. There is bound to be some volatility with large gains, but triple the price is well within reach.
Funding. There has allready been a placing in the autumn to fund the upcoming Feb drill.
The funding for the farm out with PMO has been confirmed (in part if not in full) but the full results are not expected until late spring (April/May).
It will probably take the full climb that long.
The previous drill (winx) was a bit of a failure and I think the reason for the SP to drop away in 2018 from around 2pps, it is also the driver behind 88e really wanting this drill to be a success.
I think they (88e) need it to be a sucsess and PMO see the value there too.
They (88e) have really gone to town with the seismic, they have intersected numerous targets and they have set fairly low levels of flow (IMHO) to ensure the results are better than expected.
Targets 5,6 and 7 are the primary's. If you read down these targets should each have 50% Chance Of Commercial Success (COCS).
https://www.nextoilrush.com/88-energy-edge-closer-spud-date-one-biggest-oil-wells-2020/
https://hotcopper.com.au/threads/charlie-1-target-valuations-mean-low-high.5155207/
Everything (so far) is going to plan. If that happens triple your money might even be a shade conservative because past this drills success they is another drilled planned concentrating on the HRZ (some time later this year).
That is a massive resource.
It is a Sunday. take it easy. get in early.
DYOR but I am sure the SP will go north.
Best of luck.