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.
FACE.... CONCERN.....
Who mentioned an EGM or that AK wouldn’t get approval? As for your friends in high places, you’ll have to forgive me for not believing a word of it by an anonymous poster that claims to ‘be in the know’, I’ve seen it many times over the years on these boards. Not one of them turned out to be the truth.
Do you read what you type before posting?
Volt AGM last year was the end of November, they are unlikely to hold an EGM in the meantime, so yes November! Kabunga is a regular supporter of the company and owns 17%+, I doubt shareholders will have an issue with him ploughing more money in....it aligns with shareholder interests.....I should imagine that money will be due straight away so it will have been 'amassed' ahead of time, therefore doubt it will be left to the last day and that it has been comfortably created already.
You also clearly don't read 'too good', all attempts to part K with his shareholding have been unsuccessful, preferring to use the market to determine their value....or not. The talks were not related to this specific fundraise but in general.
Where you get some of your ideas is beyond me....
Please note everyone the $ in question are AUS$......It makes a fairly significant difference! Not to be confused with US$.
It’s not due until it’s been voted on by shareholders at the GM which by all accounts will be in November. So if it is voted through AK will stop selling then shouldn’t he!
I’ve got friends AIM that’s all that matters, so are your high placed friends buying AK’s shares if it’s voted through at the GM or not.
Mr Kabunga is only selling to fund Volt resources which he has committed at least $700k which is due in November. AIMtodeath is spot on.
Just because all your friends are in low places...
Now now amtech!
Bollx
No Amtech, from the mouth of a large investor that talked directly to Kabunga whilst negotiating buying his shares off him. No insider knowledge as company not involved, just speak to the right people instead of trolling.
Come on,Fridays is up you can sell monday!!
Whispering by who Aim, are you within the inner circle?
He hasn't exercised the warrants yet. That will come after offtakes and finance news which will provide the volume. However it had been whispered that he only seeks when he actually needs money for something else ie Volt and knows there is value in ACP so won't sell for the sake of selling. So once he gets the warrants before they expire there is no reason to sell unless he again needs funds.
You seem to miss the point that with 15-20m warrants, Kabunga cannot sell into an illiquid market, with neither news, promotion of the ML licence or volume, that's not playing a blinder,imo.
Dandino-the difference is MB will exercise warrants and hold,K exercises and sells.As I said highly frustrating, but does not half provide an incredible buying opportunity for genuine LTHs with patience.
There’s no CLN’s left which is great news. In total there are touching 22.4 million warrants to get through. 7.8 million of those owned by Matt which need to be exercised prior to the end of March 2022. The rest are Kabunga’s. Kabunga must surely be coming to an end as this has been going on for around a million a day. Unless he’s buying back in and reselling as I’ve seen some really positive days on the books it can’t be that long now that he’s done. Obviously MB needs to exercise his too. The question is when will he do it?
I agree that he should have nearly raised the $900k now, but it looks like he’s been constantly requiring funds for Volt over the past year.
Do you think this will stop as he’ll have enough for Volt at the moment?
I hope he has, but not confident.
Rover-I read somewhere he needs another $900k by November,but cannot verify the source.
Just read the volt annual report.
Kabunga bought shares in volt to the tune of AU$ 1.8 million.
23 Oct 2020 au$ 500,000
19 Feb 2021 au$ 600,000
And
1 Sep 2021 au$ 700,000
He needed the money from someone , and that’s been Armadale.Capital
Volt and Kabunga
1st Sept 2021 placing
https://www.marketscreener.com/quote/stock/VOLT-RESOURCES-LIMITED-54900739/news/Volt-Resources-Limited-announced-that-it-has-received-AUD-5-75-million-in-funding-from-Kabunga-Holdi-36298091/
Kabunga is still selling to fund Volt-I have read that he needs $900k by November to inject into Volt.Given the the level of selling since ML-he is probably nearly there.Recently he has not sold under 5p,so 4.8/5p appears to be a base.Last time I spoke to MB the timetable was a target of takeoffs and full funding by Christmas.Given that Kabunga is probably nearly done for now to hit his $900k if I was MB I would hold off significant news flow until Kabunga's selling has dissipated so as to announce into a market without a large structural seller.Good news will then not be significantly sold into.Do not forget that Kabunga through warrants,CLNs and common stock once had over 10% of the company-it is his selling over the last year that is the reason for the depressed price, but in my view it is a gift to get in cheap.Kabunga selling will not last forever.
On the deal remember we still have about $1.5m of liquid assets on the balance sheet, probably still $700k of cash from the last placing and converted warrants will raise about $3m if I remember correctly.So that is $5.2m of equity.We should get another $5-7m in prepay offtakes (Blackrock got $5m on smaller production),so that takes us to $10.2-12.2m equity on the balance sheet leaving a mere $26-28 million extra to find in debt and additional equity.Quite frankly I see a scenario where you can get the lot in debt or just a very small $2-3m equity placement at a much higher price than today.This is the advantage of having a heavily invested CEO-he really cares about minimising dilution.
Bottom line the ML wait was very tedious (out of MB's hands),the Kabunga selling is very tedious (out of MB's hands),but in my opinion we now have a really undervalued future star here.I have pruned a few other positions to buy more here recently.In my opinion MB is playing a blinder and the news flow will pick up substantially as the Kabunga selling dries up.
If we knew what was going on we'd know when to buy and sell, second guessing ACP is truly an art, all you can safely do its stick around....after all you need to be in it to win it, GLA LTH's
I have no doubt we are very close to a deal and finance should be sorted as its been waiting for off takes
This is not normal more sells than buys SP is normal down there is something afoot, is is there is a big buy in the background or they know something we do not.