Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Imo it doesn’t matter how they do it it will still be dilutive. I expect they may issue a number of shares at 2p to close any drill gap, say $3m. The shares will be placed in treasury and made available to in country investors or an ETF. The monies will then come to BPC and after a time period any non issued equity will be cancelled. I would expect news to drive the sp ahead of the issuance and BPC to announce a lock in period to prevent a massive dump. Can you imagine the scramble if BPC are say 2.8p and natives get to buy at 2p! So yes it will be dilutive but it will mean the project is funded and would be oversubscribed. They may then go to $5m to meet unprecedented demand. Now that would pss on the chips of the naysayers!
Treklogical.
As I have posted previously I don’t know how this new fund will acquire its equity and the way I see it it could be either or. I know Simon said in a recent interview this was not intended to be a money raising exercise and it almost certainly isn’t money required for drilling but I think they’ll still take it if it’s on offer. Should BPC receive any income from this then I’m certain this would be a secondary purpose, the primary being to gain sway and appease those in country.
Also, I definitely wouldn’t put it past the company to not issue a new block of shares for it simply because it wouldn’t be consistent to the BPC story to have something unconditionally good, smooth and positive come in for us. We all know now there are twists and turns with everything that happens in the BPC world. Nothing is ever easy.
In all honesty I think for us on AIM this mutual fund is a side show and will have no direct bearing or significance to us as long as it achieves its intended purpose in getting locals onboard. If it does issue shares these might as well be locked away and treated separately in every way from the main market.
As for the coming weeks, I feel we are due one more significantly positive RNS before the year is out, one which should move the this up to a new trading range. If we don’t get at least one RNS this year then it’s going to have to be an RNS flood come January to early Feb.
That leaves one big question for people on the sidelines, how long dare you wait before taking a position?
So, it would effectively impact the share price upwards - I can live with that!
A good week ahead, imo
Atb
armatrading - that is exactly how I read it.
It is not a new pool of shares but a company setting up a fund - perhaps connected to the SWF - in order ordinary Bahamians can dip their toes in. That said - there is nothing mentioned as to who exactly this fund is aimed at nor how much the toe in the water would cost the everyday resident. We are in uncertain times - there are still many folk homeless as a result of Dorian. There will be a lot of labouring jobs going of course tidying up the mess that was left behind and rebuilding whatever can be.
New week starts soon = stay safe.
Normally a mutual fund buys shares in-market.
As there is no other market (e.g. BPC shares are not listed on the Bahamas BISX stock exchange), the shares would be purchased from the existing pool of shares on the London Stock Exchange (from AIM).
So, substantial buying through the mutual fund, should affect the BPC share price for the better.
Simon has said this is not a money raising exercise, So does this mean any buys by the Bahamians will affect the share price here on AIM?
So a little more discussion on to this, If this does go ahead would the shares be linked to us here on AIM? Or will this be completely a individual offering?