Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Definitely! Nice summary to bring everything into perspective. Whichever way you look at this one all the ducks are in a row and it is ready to fly! Major investors don’t buy in at 20p if they think this one is heading south. This one is heading north all the way, prospects are first class!
An institutional investor is an organization that invests on behalf of its members. Institutional investors face fewer protective regulations because it is assumed they are more knowledgeable and better able to protect themselves. There are generally six types of institutional investors: endowment funds, commercial banks, mutual funds, hedge funds, pension funds and insurance companies.
If it is Denora then they would have done it through a third party as they aren’t an ii
Mouchers, that was exactly my thought this morning when I read the RNS. Would be great if it was Denora.
Could the 'Overseas Investor" be Denora? Is that a daft question?
Klunk, yes, AFC are either certain that orders will follow the demonstration or have received confirmation/preorder for their system dependent on successful demonstration. I would expect that with any order the customer would make an upfront payment which is the norm in construction/manufacturing on contract award. This plus the £520k may give a clue to the size of the first order. Manufacturing partners are set to go as stated in previous RNS releases. All depends on the outcome of the 6th for the EV Charger. I am confident that AFC would not have set this date if there were any more problems. Massive potential for carbon free, efficient, commercially viable energy for all kinds of applications.
In the RNS today ,they say the fund raise is intended help fulfil orders ... "The net proceeds of the Subscription, the majority of which are raised from a single overseas institutional investor, are intended to enable the Company's ability to fulfil orders following the Electric Vehicle demonstration programme commencing in December 2019 "
The market has been filling orders all day. Buyers had a set price they wanted to pay with around 6million late reported trades, mainly buys, quite a stake is being built at around 23p. Cant imagine this is just private investors.
The thing with aim its sll smoke and mirrors. Its stranged how schroders sold some then another ii turns up .I wonder if they have foward sold some
Fuelcellinvestor, yes I agree it would be helpful to have some sort of explanation of this placing, on proactive for instance. Discussing the uses of the new funds.
All valid points, well put.
Looks interesting. A solid day tomorrow. AFC funded and primed for investor day. Warranty news and orders in the wings. BoD have clearly stated they're looking at a multitude of methods to commercialise; licensing, collaboration; direct sales; equity (we just had), partners and other finance. So we have a plan, execution and marketing strategy and leading edge technology. Exciting times to be invested onwards and upwards.
Yes, it looks like some big players were happy to pay above the ask at the various times earlier to pick up millions of shares.
If the small placing today puts a floor on this at 20p+ then the share price should move up again once the panic is gone.
An explanation that justifies the need to jump onto a placing so quickly today would help. They could easily have raised more if there had been a measured approach to this so there must be some reason why the investor was so keen to get onboard and why AFC was prepared to give the market jitters for such a small placing.
Some big buys being reported late. 3x 1 million.
Huge confidence still here.