Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Larry and Mark needed to invest and for them it is less then salary so worst case for them they worked for free a few months...
Look at cash balance april 22: 662.000 usd.
They raised 425.000 gbp to keep lights on.
Read part about going concern in the latest report. If deal this year enough cash to last to the fund raise linked to the acquisition.
If deal delayed not enough cash.
So bottom line : no cash in few months.
They will tell a good story about the new acquisition (if succesfull) and announce equity raise. How much is difficult but if the project needs to make a few million profit each year just to cover cost it should be a lot ( compared to value of shares now)
They will need equity investment from new investors which will result imho in massive dilution.
To sell the story and probably also because they think it is a reasonable deal they will participate themsleves with a much bagger amount than last time and offer investers ope n offer as well resulting in more money invested or massieve dilution. Just my thoughts . We will hear soon indeed
I have faith this could work out well as Larry and Mark wouldn't throw in £48k each to see no return.
Every RTO I have been part of hasn't gone well so fingers crossed.
Not long to wait now - maximum of 2 weeks until we hear something.
My own expectations are low, but that’s because it’s the hope that kills ya! :).
As long as they can get some kind of deal over the line, if that allows a platform to build on over the next few years it’s a start.
As previously mentioned because of a potential vote.
GLA
In my opinion, news will be next week.
GLA
Doubt it will complete this week
We still need to see the documents and then vote. Organising the vote will take a few days alone. They will want to give enough time to all investors to ensure the vote approves.
Why, what’s EOG ?
I'm hoping this interested party wasn't with EOG..
Hopefully will be completed this week ideally
On the positive side at least it can’t rank the sp!
Him and a lot of other lying CEOs / Directors of many AIM and FTSE companies.
They could’ve remained honest just by remaining silent; at least up until the end of this month anyway. So the fact that they claim to be optimistic just has to be a good sign - a bit like saying the chances of hitting gold is 90% lol
I’m afraid I still don’t trust this company with a barge pole. But I’m in it with a small stake now so still wishing for the best
Leslie Peterkin should really be in jail as far as I’m concerned
They just have to be honest and avoid misleading the market, which they are being careful to do
They just have to put that there incase the deal doesn't happen.
Standard on all RTOs
As a result of the announcement, the Company's shares were temporarily suspended and will remain so until Advance is in a position to publish the associated AIM Admission Document for the Potential Acquisition. In the event that the Potential Acquisition does not proceed for whatever reason, it is expected that the temporary suspension in the Company's shares would be lifted.
It should be noted there is no certainty that the Potential Acquisition, or any transaction, will take place.
Outlook
The Board remains confident that its refocused strategy is the right one. Whilst there can be no guarantee any acquisition will be completed, the Board's extensive industry relationships and the tenacity of the team provide a strong basis for confidence. I look forward to updating shareholders as the Potential Acquisition progresses.
Mark Rollins
Non-Executive Chairman
7 October 2022
rooblertwo.
What price was your 4k in at?
GLA
Yes, multiple pence sp would be most welcome upon relist!
Another week over.
I really believe in the next two weeks news on a deal will arrive.
Have a good weekend everyone.
if we go back to 1p I would be VERY happy.
I haven't got much in this around £4k but would make up a lot of lost money if I 10x
I think the ADV Directors will sell a massive dream to investors when trading resumes.
Share price will fly before the next funding round shortly after resuming trading.
I would love 1p.
GLA
It was 0.18pence when it was suspended , prior to the announcement in January the share hit 5.5pence or around that if I remember. Who knows , I wish I did !
Well, I’m new here need your help guys, What will be the realistic share price when it will be relist? Like it was 0.0015 right?
You would presume so yes!