Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Dont forget we are left holding the can if the drill comes in over budget. We had already raised a contingency, this must be the contingency contingency
'Unsolicited demand and Board level decision to accept it in order to have a slightly larger balance sheet buffer to ensure against unforeseen circumstances. Surely that would have meant buying at current market price or more, or DW seeing an opportunity to fund himself for another year, very strange giving an entity a discount we will see on placing price price at close of ASX
HotCopper always worth a read, some good informed posters on there.
Totally understand. When you replied no need to guess price DYOR I thought I was being stupid.
All good thanks again.
Washers, just to say this is not set in stone until officially announced.
Thank you Hull I got the impression it had been stated I thought I was going mad as couldn’t find it.
Cheers
Washers, either register or log on to HotCopper. They are saying 2.1cents which given our average share price over the last month is around a 16% discount. 2.1cents is roughly 1.1p.
Must admit I bought some at the top & more today so I’m sitting on a loss. The JV partners chucking a great deal of cash at this so I’m assuming they like what they’ve seen so far. Think this one will play out well in the long run.
All speculation at this point, although the market will have some idea.
Was obvious it was coming.
SP rises 100%, DW comes to London, failed to get his A$10M last time, next campaign is critical for long term.
Of course he would take advantage, it's what he does.
On the bright side, prior to Icewine 2 when he killed FOMO with a mates rates raise, (2p?) the SP never dropped to it and recovered.
Might see the same with permit news due?
MW93, regarding 'potential placing, might not happen'. Once an announcement like this has been put out it better happen for all our sakes. Just imagine the market reaction to 88e NOT being able to issue discounted shares in the run up to a major drill after resolving to do so. DW would be out of a job straight away for what would either be a huge error of judgement or a monumental f up in execution.
Hull what is it please and where is it stated?
Thanks in advance
Proselenes, stop banging on about what you think the placing price is.
Given the way the price is playing today, looks like 0.23 AUD to 0.24 AUD might be the price (which is 1.2p to 1.25p).
They should be aiming for at least 0.23 AUD imo.
"share price is expected to be at current level till update from first zone."
Expected by whom? You? That's a guess not an expectation.
Now whatever the placing price is; share price is expected to be at current level till update from first zone. And then share price direction will be dictated by drill result, if bad result from secondary zone, price will drop by 30-40% but 200% rise on good result ....
LOL ! ~~~ Spud and will probably be 2p+in the next week or so !
Well.......we all know the price of the placing really is irrelevant in the big scheme.
But if its 1.25p and people are selling at 1.15p and 1.2p........then for sure someone will be buying up all those sold shares. Might not even be a placing.............company has said so in the RNS just released. No price, no terms agreed, not even sure if there will be one or not.
It's 1.1p man, stop living in dreamland... people like you are an AIM CEO's dream
5m buy not everyone knees are knocking lol GLA
If the company states, as it has, that no terms have been agreed...........then........no terms/price/amount has been agreed.
Aussies are just guessing based on the Nov 2018 placing........but thats all it is......guessing. They might be right, they might be wrong.
I go on what is legally binding in an official RNS.
https://www.investegate.co.uk/88-energy-limited--88e-/rns/asx-trading-halt/202001220700025010A/
The Company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed.
Proselenes, A little research will give you the answer.
Thats just Aussies guessing based on the last placing..........
The legally binding RNS states.............
.............The Company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed. .........
its 2.1c so exactly 1.1p in real money :)
........It is currently intended that any such capital raising will utilise the Company's existing authorities and will not be subject to shareholder approval. The Company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed. .........