Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi Max23, you bought 5000 shares in 1992 according to the LSE the shares were first listed 2/10/1996 did you purchase previously over the counter? or have you got your dates wrong, twenty eight years hanging on to a share is some kind of record, hats off to you anyway for keeping the faith and good luck to you.
It was 30% adjusted for the Flanks :)
We knew this would come good. The team making the sale process official has changed the game dramatically. Now it’s not if it’s now when.
Given our M and A barrister was appointed to the board a month ago I think there may have been multiple bids already. Now is the time to sort the wheat from the chaff and extract the best price possible.
My apologies, Giles is correct and the flaks are taken in to consideration, albeit conservatively. Can only think, through pure excitement, I was reading what I wanted to read rather than what was in print!
I think the the first offer will be in mid 90s. Is it possible the bidding started already?
I’m not sure we’ll know about every offer that gets made due to NDA’s - happy to be corrected but I would think we would only be notified of offers the BoD would consider accepting as they would organise the AGM for shareholder approval. Not to say that another buyer couldn’t still come in after that with a higher offer.
All extremely exciting!
The report does include flanks, but has a 20% (if i remember correctly) discount as it wasn't in EUA'S hands.
Give me a moment, sure I've got a link to the report somewhere.
Worth remembering that our BOD are not saleried so their haul is dependant on the price received per share. I think the likelihood is that should any bid be submitted for shareholder approval it would be carried, given the percentage of the cumulative holding. I've every faith in the BOD to extract full value for us.
Sorry, just to add a little more I'm sure I read somewhere that add all our assets up and it came to something like c11p and then x6 for the flanks hence our c66p valuation
Thanks for your reply, didn't realise that the report excluded the flanks. So just to clarify, the report had a price of c68p (can't think of exact figure) without the flanks??????? Not saying you're wrong as I haven't read the report but that can't be right??
I agree with your view that the ACF valuation is a good starting point for potential bidders. Worth noting though that this report excluded the Mt flaks so if this license is granted the valuation should increase significantly. Furthermore, if there is more than one party interested in our stock then you could be forgiven for thinking a premium above and beyond the valuation would need to be paid to secure any deal. In short, (no offence intended) all roads lead to the moon.
Surely if someone is bidding for the company they have to use the ACF report as a base to make their first offer no? Wouldn't the company use the report as reference otherwise wants the point In having one? Am I missing something here? I've got a price of 35p in my head but the more I think of it, my head wonders and I'm now thinking double that but don't want to count my chickens. Will wait for the first (of many) bids to come in but in the meantime, does anyone know or try and address my question regarding the ACF report please? Thanks
Maximum valuation for your 5000 is about £5000 IMHO. Long wait since you got them. Well done!
Interesting times indeed. At least all the regular posters on here can now concentrate on the good rather than spending all day swotting botfly infestations which seem to subsided somewhat!
I have 5,000 shares I have held since 1992 I wonder how much they will be worth when all this is sorted and a buyer found?
The ACF was the latest, there were a few as things went on while it was still trading, even zac mir had a target of 18p in a couple of weeks if it had carried on trading at the time.
All history now though, bidding war is what we've got, should be quite exciting as it goes on imho.
GLA
Would be absolutely delighted with half of that! Do we have any other potential values to go on other than the ACF report in Feb?
Listed at 78p, as that’s the value according to bid On table - Then they can buy as they wish and hostile takeover
I for one would be happy to vote a deal through that meant I walked away with 78pps. I think that would seal early retirement for me and I'm only 41!
I would entertain 78p
I don’t think you’d get enough shareholders turn down 78p for it to be rejected!
Posters on an alternative platform suggest that 78p may be the prospective bid. If that is put to the shareholders and refused the shares will then be listed but at what price, higher or lower than the 78p.