Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Dow up again at yesterday's close at 2.21% and the Ftse premarket looking very bullish.
The overall market sentiment looks very strong now and off the previous very bearish lows. That doesn't mean we don't have significant underlying issues such as lower GDPs, increased Govt borrowing requirements and some further dips along the way.
However, what seems to be playing out is a more bullish sentiment returning to the markets, as money sidelined previously returns back into equities.
I don't believe we'll see previous market indices highs for a long time yet and due to the aforementioned reasons. However, very good to see that (renewed) bullish sentiment reassert itself.
Equities overall should benefit as well as the associated effect on financing initiatives such as the one negotiated with COPL and its financing partners.
Positioned very well atm with great upside off current levels, imo.
Atb
Dow up over 2% yesterday and sitting just below the 2500 level. FTSE futures up and looking at a strong open off the Dows surge yesterday and increasing confidence across the Pond.
Further OPEC production cuts may be on the way in June.
Atb all & have a good day.
We also have the OPEC discussions coming up in June, which should give the wider markets a boost, if indeed the Saudi and Russian energy ministers follow through on their comments for further production cuts.
Hello Yachtmaster, ' do I think we'll ever get back to 1p'? - It would certainly be interesting to see where we'd get to, moving through the various milestones towards drilling, actual drilling.....and then if we actually struck oil!
Before that, we have the Prospectus to be signed off of course, but I think that will be a formality tbh and for reasons already discussed. It will be highly significant though, as it not only provides the finances to keep COPL running for an extended time period but also effectively gives the Company a much stronger position in negotiating the current contractual issue.
Short term we'll see he initial tranche subscription price of 0.07p per share, imo and we should be well positioned from there.
Atb
Hi Bonum, where do you think sp will be once the prospectus is cleared? And where do you think the sp will be once finance agreed? Do you think we will ever get back to 1p? Cheers, YM
"We have a (placing) price significantly in excess of the prevailing SP"
The financing deal that Millholland has managed to put together, is a remarkably good one and certainly not what we could have anticipated leading into the current climate.
We have a price significantly in excess of the prevailing SP, staggered equity release over a generous timeframe, clauses favouring COPL in regards to limiting dilution going forward (dependent on ongoing developments).....and restrictions regarding the disposal of new equity shares in the future as well as the price levels for such shares.
This is a very well negotiated deal and shows some not small degree of Confidence by parties to said deal.
It also puts the company through its Partner, in a much stronger negotiating position regarding the current situation being negotiated, with clear funding going forward upon Prospectus clearance.
As we can all agree, a very major Re-rate due on that RNS due to the immense impact it should have on said negotiations as well as clarity regarding the Company's ability to continue over the next couple of years.
FTSE futures up 0.49% atm, overall market sentiment broadly positive moving forward with a strengthening support at the 6000 level, US looking to push through lockdown easing regardless etc.
Expecting the share price here to move towards the Placing price, regardless of any transient variances along the way.
Atb all
Below 0.07 placing price....blimey
In my opinion MMs always take us for a free ride. Then bring it back to placing price after their shenanigans cashing in on fear mongering.
Apologies for typos
Whatever Art Millholland's failings (and there are plenty), the actual financing deal he's put together is a very impressive one indeed.
I was actually surprised reading through the details and hence, not surprised at any large scale strategic Buying that may be taking place.
My Prospectus still needs to e cleared but I am confident of that being communicated to the market in due course (reasons given previously).
Once that RNS is released the company should be in a must more secure position to address the Essar issue, hence why a major Re-rate can reasonably be expected soon.
It's of note that the market is willing to take (very) significant individual amounts of stock at greater than the current bid.....in single trades.
I think certain parties are aware of the likelihood of the cleared Prospectus and are prepared to secure stock accordingly.
Along with that, we have the OPEC meeting in June coming up, which should significantly impact wider markets upwards (refer to recent comments by the Saudi & Russian Oil Ministers).
Just a quick look in - hope all are well.