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.
No wonder CWD has been driven into the ground where the BODS have a warped sense of arithmetic
According to the pitch by Alchemy net debt at Sept 30th was £55.6 m With sales and surveys still red hot should imagine this month already made some inroads into that .
I wonder what Long has trousered as a golden goodbye?
"Net debt(2) was £55.6 million at 30 September 2020 against total available facilities of £135 million. The underlying net debt after adjusting for agreed time to pay PAYE/NI and VAT deferrals was £90.2 million."
We are also advised that the company enjoys facilities of £135m which is up for renewal next year in Sept 2021
They then go onto say that discussions with their banks reveal they want to reduce that burden by £50m to £85m where the worst case scenario says they will be £5.2m short
That currently still leaves a decent headroom of £35m today , worst case scenario -£5.2m They then suggest we stump up £8m in fees to raise £90m unecessarily when say £15-£20m would do
The only justification seemingly to gift control to Alchemy at the expense of existing shareholders
Furthermore with trade currently at records levels when the rest of the country is on its backside due to pandemic and a new set of BODS you would have thought that any bank would be more supportive rather than turn to lenders of last resort
"Whilst the business returned to profitable growth in 2019 (based on a 16 per cent. year-on-year increase in adjusted EBITDA (pre-IFRS 16)), the Group is at a critical inflection point "
Shareholders treated like mushrooms
You would have never have guessed it from the recent doom and gloom RNS
https://www.financialreporter.co.uk/in-the-spotlight/in-the-spotlight-with-matthew-cumber-countrywide.html
"We spoke to Matthew Cumber, managing director of Countrywide Surveying Services, about how the firm is handling RECORD monthly volume levels and how he sees the shape of surveying in 2021."
Difficult one .The sheep stealers clearly got the other bottom feeders Oaktree on board so unlikely that a shareholders revolt will upset the applecart
Like Whatprice will watch and see what develops
I wouldn't have thought it would be too difficult for Paterson to get a few investors in to chip in some wedge to mount a bid
Sincerely hope so. Maybe a cash bid of 200p would win the races
It's ironic shareholders here have seen the value of their holdings sliced and diced on several occasions all seemingly for the greater good Noe the sun has appeared from behind the clouds all that seems to have done is put them in line for another good kicking
They could easily raise £15m from existing shareholders at say 160 p a share which is more than sufficent
what you reckon Sain...still worth holding?
I,m thinking of cutting my losses and topping up on MNZS...the are looking great to double up by net summer
Buried in the ambush even handicapped by the onset of COVID they actually turned in a profit of £14.9m for H1
This is despite the BODS efforts to derail with a raft of abortive fees with botched sales and mergers
Leaver the new chairman is no stranger to being an unwelcome guest at the party and ruffling existing shareholder's feathers . No doubt looking to rinse and repeat at CWD and exit with a fat payout
https://www.irishtimes.com/business/technology/eir-selects-ladbrokes-coral-executive-as-new-chairman-1.3138098
He was chief executive of Gala Coral for six years prior to its merger last November with Ladbrokes, a deal that earned him £15 million (€17 million) in shares in the merged business. He agreed to join its merged board as deputy chairman for a period of a year from the merger.
Dermot Desmond
The Ladbrokes-Coral tie-up was strongly opposed by Ladbrokes shareholder Dermot Desmond. Mr Leaver publicly dismissed the Irish tycoon’s criticisms."
A serious beast not many get the better of Dermot Desmond