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.
‘ If the landowner was doing a deal with Corcel and then decided to sell the land without telling Corcel until late in the process and has now decided to not sell the land and again didnt bother to tell Corcel how reliable is he?’
Torr - you tell us? Ask your source please ;)
Jokes aside, no more rumours this week please
probably the land owner is trying to work out if the value is holding or selling...... perhaps he is being hard handed with corcel to strengthen his leverage........ not sure but quite clearly this is not straight forward. B
This still needs clarification. If the landowner was doing a deal with Corcel and then decided to sell the land without telling Corcel until late in the process and has now decided to not sell the land and again didnt bother to tell Corcel how reliable is he?
See, they do reply. I note they state they dont mind who the lease it with, which is good. But they now aknowledge it 'could' be with the current owner.
Where as previously :
The Company has been informed that the landowner is currently managing a land sale process and Corcel therefore expects the lease to be signed with the new landlord
B - agree! I’m guessing he’s being overly careful and deliberately vague.
It’s not much to go by, but I don’t think JP response screams panic! I think if the land is sold, it takes longer potentially to get to shovel ready stage. If the landowner doesn’t sell, they have the contract ready to sell with the existing owner and we may be nearer to our target!
prefer the when without the if...........B
We certainly intend to inform the market when and if the land lease is signed at Burwell, as this is the main missing element to being shovel ready.
We don’t comment on rumours I'm afraid. Corcel is actually indifferent between the land being sold or not (our intention is to lease part of the plot for our battery storage project and we don’t mind if this is with the current landlord or a new one). I believe the 5th May RNS remains completely accurate.
"@metalhead I was about to say the same thing.
If Tor is correct and the rumour plays out, then potentially it’s going to be a quicker deal. Perhaps Corcel can now sign off the paperwork with the original owner and the land doesn’t have to pass through another set of hands to get us that elusive RNS."
Sniper,
I agree.
If the land sale is off, that's good news, as that was the only thing holding matters up.
The lease heads of terms have already been agreed, so there's no reasons now why it can't be signed instantly.
The existing landowner may have felt that he can get more selling later with a revenue-producing lease already in place.
Tor, in what direction did this rumour arise from?
Fellas, thanks for the panic and rumour. I have started a new position here based on what I have read up until last night, and the insider buying valuation comparison with Mast etc. 1m straight in below 1.9p.
my earlier post on the subject did say it should not matter. Whoever owns the land will want the grid conneaction. I simply pointed out that I heard the land sale was not happening.
I just topped up 106615 @ 1.8675 thanks sellers :) :)
@metalhead I was about to say the same thing.
If Tor is correct and the rumour plays out, then potentially it’s going to be a quicker deal. Perhaps Corcel can now sign off the paperwork with the original owner and the land doesn’t have to pass through another set of hands to get us that elusive RNS.
Tor, for what its worth I believe you. Quite clearly the BoD are balancing a lot of plates... we saw the reaction when the Burwell extension RNS suggested a delay and down near 30% we went.... a few good RNS later we got the 30% back..... now if the delay was down to a reluctant landlord who scuppered the deal, I suspect it would be more than 30% drop, and we seem to be nearly 10% in to that new drop even though there is just a sniff of a problem with Burwell from an unsubstantiated source on this BB........
If (a) the lease was on track before 5 May, and (b) it was only on 5 May that a sale of the land was mentioned, with Corcel then hoping to sign a lease with the buyer, and (c) the landowner is now not selling, that would all seem to imply that the arrangement with the existing landowner referred to in (a) can simply be resurrected and that, if anything, the path forward is more straightforward than before the prospect of a land sale intervened. What am I missing?
If the company clarify the situation then the sp will rise as quickly. When you look back at the time taken to sign off a simple lease then you have to wonder WTF is going on.
I am 100% NOT LYING.
well, the market thinks something is up..... shows you how sensitive aim is to rumour....... Tor shouts "houston we have a problem" and the share price moves 8% [down]....... what an impact... problem is, if that rumour is proven to be wrong it will take a week to get the gain back......Aim is a frustrating beast..... B
I appreciate what you’re saying, I suppose my argument is, I have a business plan to grow gold on a plot of land and the gold will only grow for me. The person who owns the plot won’t give me the land anymore and I’ve never considered who owns the plot of land before spending considerable money on getting to the stage of sewing the seeds in the ground.
If you’re right and I’m not saying you are lying, but it’s very very naive of the company and the so called experts in the field.
I agree the RNS does imply they didn’t realise the land was owned and being sold, but maybe they thought, a conversation, an open cheque book and the deal will be done, but it’s proving more complicated. I won’t be selling (or buying more) and I’ll hold until the end of the year.
from the rns on 5th May.
The Company has been informed that the landowner is currently managing a land sale process and Corcel therefore expects the lease to be signed with the new landlord following that land transaction completing; which is expected imminently.
There was no mention of a land sale before that.
You know full well people do not disclose contacts. Look, you can either take my post as honest, which it is, or choose to think its trash, which is fine. I will await the outcome.
Torreaguas, again, please, where has your rumour come from?
Fake news great buying opportunity
Sniper88, look back at my posts and look back at the rns's, when did they first mention a land sale?
Absolutely fill your boots.. Absolute gosh rumour... Some folk love chucking money away