Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Can people please stop blaspheming it’s absolutely unnecessary!
Trek
Yeah race to the exit doors . Leaky as hell this was . Poor very poor
bishop apology accepted
apology accepted
More absolutely rubbish. The CEO has said there won't be another placing. Why would Avacta need it when they're already fully funded and so much of their development costs are being absorbed by their partners.
1pm manana Tim buenas noches
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I’m not de-ramping I’m simply saying given the price action it looks liken there could be one. I wouldn’t have thought this a week ago but the price action seems more than fear and a sell off as many buys too but it’s dropped and dropped. Let’s see but if there is one they’ll want some solid reasons. Logging off and will see what tomorrow brings.
@timster ****** ;-)
deramping...your having a laugh I am heavily invested here...and i also have some powder dry for any further dips... i see by your posting history you are another newbie expert.
“In April 2020, the Group announced that it had completed a fundraising of £5.7 million through the placing and subscription of new shares to strengthen the Group balance sheet in the light of the challenges created by the coronavirus pandemic and provide funding through 2020 and 2021, with the receipt of the proceeds received after the General Meeting which was held on 23 April 2020.”
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Agreed, dryland. From advfn -If there is one I agree it’d be more like 120p than 140p. It’d be surprising but this is the AiM and if they see it too good an opportunity to not raise funds at this level and it’d be used to accelerate some other programs it’s short term pain re share price for longer term gain.
If they did so it’s strange not to do so after news on the tests but perhaps they don’t wanna take any risks and at a much higher price they might not get it away. Who knows. Hope it’s not the case but if so they’ll need to give some solid reasons as to why to get many holders back on side given the CEO said there wouldn’t be one not so long ago.
no need for the insults.
I agree on the face of it it doesn't look like they need cash but let's say they have been offered a lump of money similar to the last placing from insti's or HNWI in this current climate would it make sense to refuse it? Maybe...maybe not...i tell you something the SP action has had placing written all over it but maybe that is just a coincidence. The thing is i don't mind either way, and as i said earlier, i wouldnt necessarily see it as a bad move, depending on the price, and could possibly advance some of the projects.
Ok, bright spark... You’ve said yourself we don’t need the money, what’s the good reason for a placing you’re dreaming up?
Awacta are on the brink of launching two testing solutions that will bring in significant revenue. Why on earth would they need or want a placing?
Ah ok in that case i don't believe you were invested here then...because if you were you would be in a minority of one who thought that. As i said lets see what tomorrow brings placings can be good.
The placing that provided ‘funding through 2020 and 2021’? Pretty good.
if that is directed at me I am not struggling with any of it...heard it loads of times before and hey presto guess what. Nothing surprises me on AIM.
I see you joined LSE on 20/4 were you invested at the time of the last placings? If so what did you think of the 2nd one?
“In April 2020, the Group announced that it had completed a fundraising of £5.7 million through the placing and subscription of new shares to strengthen the Group balance sheet in the light of the challenges created by the coronavirus pandemic and provide funding through 2020 and 2021, with the receipt of the proceeds received after the General Meeting which was held on 23 April 2020.”
Which part of ‘funding through 2020 and 2021’ are you struggling with?
after giving this some thought it wouldnt surprise me at all if there is a placing just look at what happened in the space of a few days in April but i don't see this as a major issue as long as its not at a stupid price and there is good reason for it. Let's face it we don't need cash to keep the lights on and pay bills. Anyway we will find out first thing tomorrow.
Alistair made it quite clear that we were funded till 2022 when he spoke a month ago!
"Placing my Arse" as Jim Royle would say!
Some muppet investors believe anything, people panic selling has been ridiculous, I’m in from 45p and bought today.....this has been a successful deramping campaign, I’d bet my life there will be no placing soon