Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Rye
No, but I think we might be on the wrong platform GVH....
I've spoken to, and am also now writing to HL to voice my concern, looks like HL clients will lose out here because of HL's refusal to deal with Peterhouse. Unsurprisingly, other platforms are seemingly signed up with Peterhouse, and are offering this to retail clients. Why HL are saying it's not available to retail clients is also a bit odd. Thanks to all for posting brokers approach.
Hey Flundra...well I certainly ain’t no professional investor just me and my ISA n SIPP with AJ Bell so I’m not buying HL’s story on this one!
Hi Flundra. Check out advfn. A poster is claiming they just got shares through their bank with whom they have a portfolio which is security for a mortgage. Can you explain that to me?
Hi,
First time poster. New investor as well.
I have also received the message from AJ Bell inviting me to partake in the broker option. They say I need to message them with how many shares I would like to purchase.
This bit I understand but at the bottom of their message it asks how many of my existing shares do I want to allocate. I can select none (default), specify an amount or allocate all shares. What exactly does this mean? As I understand it, I can request to purchase more shares than I already own and should state this in my message to them so I am unsure what this allocation of my existing shares means? Can anyone help please and apologies if this is basic stuff. Thanks
Hi Ryesloan, re AJ Bell, is that for retail investors, or only professional investors, do you know? HL are still telling me HL's corporate actions team are advising they haven't heard it's available for retail investors yet.
AJ Bell seem happy enough to allow its PI’s to partake in the broker option. Got their secure message on this today.
Got my offer at 22p yesterday from Equiniti and have subscribed for more shares.
Not much to add to what you said GVH, but HL tell me the broker option hasn't been approved by Peterhouse/HL as a financial promotion available to retail PIs. Presumably the same story on all other retail platforms? Oh well, the bigger picture's still rosy, but the terms of this latest raise seem a bit less appealing now.
I was reluctant to pay over 6p last round, now I can't get in at 22p!
They told me they went going to sign up either but obviously ring them to check. Unfortunately it looks like the big boys have this sewn up :( but at least that suggests they want to be all in at an average of 25p?
Thanks GVH. I'll investigate too. Did they say they weren't going to sign up (as well as not being signed up at the moment)?
Just phoned HL Flundra. They told me they're not signed up with Peterhouse :( Looks like it's all sewn up for those with Peterhouse links already ? At least the demand for new shares was big
Hi GVH
I understand the platforms have to register with Peterhouse to participate. Hopefully HL will. It may be that platforms message us PIs about the offer with a corporate action, but as time is tight and as I reckon this will be popular and maybe first come first served, I thought I'd get in early, so have given my instruction to HL. The RNSs have the details, but you can apply for as many shares (with 1 to 1 warrants attached) as you like, priority given to existing shareholders. There may be scale back if it's oversubscribed. With HL, they usually take the money at the point they apply.
Could you explain how it works flundra as also have an interest with HL. Can you apply for any amount of shares or does it have to be online with your current holding. Also, do you have to have the funds to cover the purchase at the time of request to your broker. Thanks :)
I've messaged my provider (HL) requesting to buy broker option shares. SP is still over 22p so it's a no brainer imo, particularly with the warrants attached. Time seems to be of the essence, as the end date is 26 May, and it might close early.
My current ISA platform - Halifax - say that they don't normally process Broker Options. They said they will look into it and I should call back in a couple of days, i.e. long after the Broker Option Shares have been fully subscribed and the Broker Options declared closed. As stated in the RNS, Peterhouse won't deal directly with retail investors. I tried.
It's clearly too late this time, but does anyone know a decent ISA provider who can handle this sort of thing. Preferably one that doesn't take an percentage fee for just holding your investments.