Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Best opinion at the moment is totally to sit on your hands! No rush to sell at all. Ganfang need 75%+ minimum, more preferably 90%+, so if M&G do decide against, plus the number of private share holders that are against this bargain basement sell off, that would basically guarantee no sell off.
I would imagine some of the other bigger LT holders, i.e. Hanwa, would be reluctant to sell at this price. I would be interested to know what the thoughts of some of the recent movers into this stock are thinking, Barclays, Jarvis, Societe. They don't seem to be the type of players that move into a stock to make a few %? (although I suppose the downside risk here is basically nil, despite what the BoD say!) Unless they really love ZNWD! (why not just buy those shares then!)
Sold up as opposed to accepted the offer? If one of the 0.2% then I think you are allowed to change your mind.
Already sold up, with decent gain. Moving elswhere (Tern).
Totally agree with everything you have said. Personally I think, with the situation as it is now, that the SP is held back by the uncertainty of this whole offer mess. The future for the project looks bright with production still targeted for 2023 and given a free ride the SP would be well north of here. Surely our board are under an obligation to consider whether this deal is still in shareholders interests in this fast moving situation. Also are they not obliged to update us on progress with Sonora.
Bluegrass I think it’s more not posting as have nothing to say!
I mean what can you say? Commodity prices gone on a huge rally since deal, Gf are posting significant price rises in li since making the deal, the govt is clearly way behind the curve and about to panic buy, the ev care sales are improving every single month significantly…people are getting in serious panic mode re the petrol and environment and it’s all bullish for this asset and not a single thing above priced in because we’ve been stuck at the 45-65p level for a year.
The bod and m&g cast us out and are to blame, m&g need to be forced by the fca or takeover code to make a decision on their intention. I actually think it’s manipulation.
Either m&g are voting yes or they aren’t but bcn keep referencing “a letter of intention” - a decision needs to be made by m&g. If m&g are even slightly less certain than when sent letter than it needs to be rescinded, or wording changes - it’s market material information and I think it’s a disgrace.
It’s appalling that pis are being treated in this manor.
Most people who are against this are not bothering to post on here anymore so that may be giving a slightly skewed view of peoples opinions.
Not surprised at all at how few people are jumping in to vote for this. Believe this is still on track to go into production in 2023, which is not too far away, and with the way lithium prices are going these shares are and will be worth a lot more than the offer price. 50% is not really where Garfeng want to be, they really want to get at least 75%. Think a lot of people will be hedging their bets to see where this is going, but the lack of momentum will surely be worrying our sell out board.
Thus, with M&G shares they only need circa 8% to reach 51%
Still waiting for corporate action from Halifax can’t vote if I don’t get it
Have to admit I'm surprised at the level (or lack of ) acceptances. Until M&G commit we are all sitting on the fence
bcn shares in issue… 384,144,901… (100%)…
ganfeng’s holdings… 110,933,697… (28.88%)…
valid acceptances since 6oct… 3,000… (0.0%)…
total valid acceptances… 986,337… (0.3%)…
total… 29.18%…