Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Whilst I respect your view point, the information to date does not in any way point to towards a process that cannot find a buyer, that is willing to pay more than the original offer.
The last update from the company was 'only' on 11th Oct and clearly stated that "multiple well-funded parties are engaged in the process." Furthermore, the pure fact that AMER also added that "the Company is seeking to conclude the FSP in Q4 2019," indicates that they have sufficient keen interest, at a level that would be acceptable to the directors. Hence why they say they at that point, they are "inviting firm proposals to acquire the entire issued and to be issued share capital of the Company."
If it wasn't going well with at least one of those multiple well funded parties, then they would have kept their options on the table, meaning partial sales too. They haven't. They have pushed for the full sale, which means they have that interest to a point they can conclude the sale.
Whilst some retail investors may have become impatient (perhaps because they likely spend a great deal of time watching and waiting, which is their prerogative, but can lead to over analyzing things), the actual process is nowhere near the point at which it should be worrisome.
My own personal view was that multiple parties would require circa 4 weeks to update their bids, if not done so already. Then AMER would need minimum 2 weeks to review. The time frame may alter within that, and there has been a rumour that the bids are in. However, the general time period is not uncommon, particularly when one considers that we are talking about multiple parties, which may mean longer analysis time needed by AMER, which may mean many more conversations being had, as the bidders are encouraged to adjust their offers, be it by make up or amount.
The fact that we haven't seen anything yet, indicates no binding offer has been made, because that would need to be declared. So the process continues to lend itself to one of AMER potentially pushing towards one preferred candidate, in order to achieve a result that can be recommended. Hence the "seeking to conclude the FSP in Q4 2019" statement.
Whatever, it turns out to be, the process is far younger in its development than the demands set in some investors minds. Selling a company to one party takes time, attempting to position oneself in the right place with multiple parties, can feasibly take far longer.
More patience is required as always.
Dont give the 14 post idiot air time. He only created the account to bash this share.
TBH I see this sought of manipulation on BB's as a buy signal.
Neway I rarely post here now - as there is no point, its up to the deal makers now.
GET-on-IT, If you believe this then I struggle to see why you're invested here. With multiple potential bidders, including the original one, your scenario does not look likely to me.
Looks like 17p could be the only offer... And thats why its taking so long.... They're scratching round pleading for more...
Please Sir, can i have more,,,,, MORE BOY, did you say more,,, certainly NOT, 17p is all your getting....... Lol, Merry Xmas everyone
Trying to flush out any weak holders, before the knock out end punch ?
Thoughts why they would offer a Downgrade at this point in time....seems an odd decision! Bit of selling coming in due to malaise, possibly hoping to get in lower if they think decision is still a few weeks away.