Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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GS played a major part in the sp reaching 50p. Without them buying 60 plus million shares it would have much much less
True fatbanker
Just forgot over the years
diamondlover. bmn was iron ore not copper, some tin and lots of phosphate
Everybody knows it’s only £4.32 by Christmas Paul ;)
DiamondLover - I’m well aware of the historic BMN share price movements and the story of the co. thanks. I was here during the 1.3p days too.
I’ll personally be much happier when we get back to the pre-covid levels of circa 24p. We should never have been down here in the first place.
At least he didn’t suggest ‘by Christmas’.
I agree 1210
No ramp
Just as the sp went from 1.3p to 50 p in couple of years (few years back) and BMN was a miner with copper and coal and the vanadium started
So imagine now
So my number of 11p to 500p just came to my mind in my previous post
We’ve had a handful of blue days - still massively undervalued I appreciate - but lets not start on the £5 ramps this early on! Might be getting a little bit ahead of yourself there DiamondLover!
I remember my first buy, according to Corbine advice was at 5.5 p more or less
He was a Legend, he is in a better world now
Thanks for your feedback guys
Here's hoping that the upward trend continues to gain pace.
This time sp will go from 11p to 500 p within couple of years
Libero
Around that time or a bit later
Fortune did a placing at 1.8 p, and those guys were selling their shares
And Fortune ask mainly people on this board to buy and hold the shares
Nevertheless, this ended with share price at 1.3p, where I got 1 million shares
Few months later, sp reached 2.1 p and then another few months was 4.5 p and non stop to 50 p within few years
Golden days are coming back
Yes this reminds me of when Obtala and Blackrock offloaded millions of shares years ago, which created the original buying opportunity that Corbine spotted, and lead most us LTHs to buying our first shares here all those years ago!
This reminds me precisely of that time. The only difference is that GS have sold off their shares much more slowly, which arguably has been worse, but the buying opportunity is still thanks to them.
Over the last 8 years I have witnessed Obalata and Blackrock, both large II investor's in BMN sell out completely trashing the SP.
II's have no emotional or loyalty to stocks and for what ever reason that they no longer meet their investment criteria, or a de-risk owing to current climate conditions in low liquidity stocks it has a devistating effect on this SP.
IMO we have come out of this Covid-19 pandemic relatively unscathed and if the seller is finished expect a rapid re-rate.
jog99, that's a really good post - I didn't know that, but actually that makes complete sense, the size of those voting against actually was Golden Summit's entire holding at the time of the AGM was circa 65M shares if I remember rightly.
Good ****ing riddance I say, and thank you for the superb buying opportunity!
"Angliaford. Some people believe that Golden Summit fell out with the Bushveld Board, this is evidenced by the votes against certain board members being re-elected at the AGM. The votes against were basically GS’s entire holding.
Fortune had also mentioned about institutions trying to get in on the cheap in an interview and he said he wouldn’t dilute just for the sake of it, perhaps those two things are linked?"
Angliaford. No relevance to your question but my first car was a Ford Anglia. My elder brother and I paid 15 quid for it. I was about 13 which would make it circa 1973. Different times obviously.
Bushveld holding (even at 55m shares) was fairly small as an investment to GS
Anglia Ford colt 45 mentioned they have sold out from Bushveld and other companies for other non related reasons.
Angliaford. Some people believe that Golden Summit fell out with the Bushveld Board, this is evidenced by the votes against certain board members being re-elected at the AGM. The votes against were basically GS’s entire holding.
Fortune had also mentioned about institutions trying to get in on the cheap in an interview and he said he wouldn’t dilute just for the sake of it, perhaps those two things are linked?
Plus a 775k jog
There was a delayed sell of a million shares from after hours yesterday posted today around lunchtime. I’m not 100 percent sure they are completely out but if not they are very close.
Either way, can’t wait for tomorrow!!
Top up early doors
LionelGreen- the Vanchem transaction completed on the 7th Nov 2019, so the prior 10-day average share price for the CLN will begin around the 26th October
Personally love a good conspiracy theory lol.. perhaps they were building a 'stalking horse' stake on behalf of an associate for a takeover and we've either grown too big for it to work or they realise that SA would never allow it to happen..
Oh and a large reason we are on the eve of a rerate is BECAUSE they are sold out finally
Because clearly they see BMN going bust soon fordfocus.
Or maybe these institutions sell companies all the time because they want to re deploy the funds.