Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A few comments from yesterday’s posts:
Flexmw: ‘Which site or package do [I] use for your breakdown of the days trades’?....please refer to https://www.lse.co.uk/ShareTrades.asp?shareprice=BPC&share=Bahamas-Petrol . If you subscribe to LSE’s premium service for approx. £30/mth (a) it allows you to go back a few days’ worth of trades (b) you get a 2nd level console to see the action (and share price) in real time to trade just before the bid/ask price changes. I recommend everyone tries it for a month.
In4cedros: your post was excellent, breaking down using simple language the challenges CERP faced with Goudron and Saffron/SWP (both Trinidad), while also explaining the potential positive news-flow awaited. BPC LTHs such as me have found CERP LTHs input from you, LGO-fan and others very useful because we still do not fully grasp the overall CERP story in its historical context.
Investo123: ‘So with no dumping taking place is it likely that the price is currently just a reflection of the perceived value, rightly or wrongly? Therefore only news will change it.’ ……..IMHO, share dumping by Trafalgar was suspended Friday for the reasons outlined in my posts. The full opinions can be read in my Friday 0452am and Thursday 11:02am post. If they continue to dump next week, SP may fester at 1.95p-2.2p. I believe the SP is way way undervalued and should be at least +/- last Monday’s high of 3.2p. This opinion is based on a simple calculation of CERP assets (and their contribution to market cap) being £23m and pre-merger BPC SP 3.33p (c2.5b shares) market cap being £83m. Combined £106m is c3.2p with 3.4b shares. A further justification to this opinion is the potential Stena JV at the asset level of 10% for $10m for BPC Persv-1’s asset, is consistent with above. Refer to May RNS re Stena. And all the above is BEFORE taking into account potentially positive news flow from CERP/BPC assets expected from now.
IMHO. DYOR. Have a great day…I’m about to pop out.
Starchild
xxx
Starchild
Which site or package do you use for your breakdown of the days trades? Thanks in advance!
(4) Trafalgar are actually sticking with their end of the deal and it was in fact schroders dumping their 60-70m shares into the market over the previous few days. Run the numbers and they add up.
They were selling down at these levels (CERP equivalent) price and lower so no reason why they wouldn’t use the liquidity to offload everything
Thanks Star. So with no dumping taking place is it likely that the price is currently just a reflection of the perceived value, rightly or wrongly?
Therefore only news will change it.
Quick analysis of friday's trades using round figures.
14m total shares traded
1m direct access auto trades without MMs involvement....
13m net shares traded via MMs
6m sells
7m buys (Note that a lot of sells were actually buys at just below the 2.10p mid-price.)
Only one large trade SELL with delayed reporting of c1.5m at 15:24.
Minor point: EOD Friday, MMs were 1m shares in deficit from their liquid reserves.
Key major point: no major dumping friday because of 3 possible reasons:
(1) Those doing the dumping, eg Trafalgar, don't want price to go lower especially with relatively low volumes traded compared to last few days. Had it done so, SP would have likely gone sub 2p. ...Or.....
(2) Trafalgar has been TOLD not to dump by the BPC BoD using legal arguments that BPC will not offer any indemnity . Or.....
(3) BPC (or its proxy) has bought Trafalgar's remaining shares direct to stabilise the SP. If so, we may get an RNS next week.
All IMHO. DYOR.
Starchild