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.
''Voting rights go to the borrower. During any period in which your securities are loaned out, you will forfeit your right to vote those shares by proxy.''
WTF!?!
Unless I've badly misunderstood the above statement, that implies that some shorting scumbag can rob me of my voting rights just by paying to ''borrow'' my shares (and against my wishes)!?!?
Apologies if barking up the wrong tree though?!?
Mounded = now under.
Bloody predictive text does my head in
Interactive Investors categorically do not lend out shares fullstop.
I have asked their compliance team this question on a couple of occasions as well as asking if they provide information to Bloomberg as to who holds what in their account.
This was done as recently as this week as my name appeared on a rather dubious Bloomberg Top Sellers List, showing I had sold several million on my stock.
I wasn’t a happy bunny I can tell you.
ii said they definitely do not lend out stock and they have asked me to provide them with the screenshots that was posted over on the Telegram group, as this is mounded investigation.
Some funny games being played by some.
IBKR is the one that lends out
Considerations and Risks
Shares loaned out may not be protected by ICS.2
Shares loaned out may not protected by the ICS. This is why IBKR provides you with cash collateral in the same amount as the value of your shares to protect you in the very unlikely event that the stock is not returned to you.
Shares loaned out are typically used to facilitate short sales.
Shares are attractive in the stock loan market because other traders want to borrow and sell them short, possibly affecting the value of the shares.
Loan rates change frequently.
These rates and the interest you will receive may go down (or up) by 50% or more.
Loans may be terminated at any time by IBKR.
Also, IBKR does not guarantee that it will lend all eligible shares.
Voting rights go to the borrower.
During any period in which your securities are loaned out, you will forfeit your right to vote those shares by proxy.
Selling your shares or borrowing against them in a margin account will terminate the loan transaction.
If you sell the fully paid shares that have been lent out, or if you borrow the shares in a margin account (such that the securities become margin securities and are no longer fully paid) the loan will terminate and you will stop receiving loan interest.
Different company my nephew uses them for buying shares. Atb
Ah that’s not Interactive Investors , I’ve no idea what the link is between them
Hi Bamps - as far as I can tell they do:
https://www.interactivebrokers.co.uk/en/index.php?f=46969
The Dec 2020 spike created an ideal environment for a watching investor to short - and emboldened (+with lots of profits secured) it looks to me like they continued to try their luck through 2021 (and made more money). I reckon that gravy train has come to an end...but it does depend on what comes out over the next few weeks! Would be good to hear some news/updates from GGP soon...
Hi Matty
I was under the impression that Interactive do not lend out shares, do you know that for certain as they informed me they don’t
Matty
I agree GGP seems a cert to fly.
Indeed I have argued that there are no shorts in GGP,
I have been proved to be spectacularly wrong ( red faced emoji)
CJ - indeed - and easiest way for a retail investor to take a position to benefit from a price drop. If someone really wanted, for some reason, to borrow stock to go short they'd need to arrange it with their/a broker - not all of them provide the service to retail investors but some do (interactive is one that does).
Personally I think it would take a brave individual to short GGP, at these prices, with the news flow to come. Who knows how things will evolve, but certainly potential for significant moves in next few weeks.
Matty
You mention City index and others, they are 'spread betting'.
Effectively they are bookies. They take buys or sells from punters. If they feel the need to cover a disproportionate ballance they then buy some in the market. But I assume the spread and subsequent margin calls adequately covers this risk.
Try cityindex or ig
To canaries question...hard to say - you can ask the same about a 10-20 million purchase.
Now Canary you actually raise the most interesting question of all
How does an ordinary mortal (not JPM) arrange to borrow shares?
I have pondered this for years. I welcome any informed input.
Deliberately mis -reading the question there but to be precise, i have borrowed the shares to go short with, and want to maximise my gains whilst being careful on my exposure.
Canary " i have a pot of shares that i want to go short with on here, say 10 or 20 million. My dealing costs are negligible."
Then you are like the rest of us a holder of ggp and deciding to sell. Short sellers need to borrow stock from a holder
Thanks for this explanation Star..do you have view on this scenario.?
Say its a quiet Wednesday morning , i have a pot of shares that i want to go short with on here, say 10 or 20 million. My dealing costs are negligible.
The sp is say 16p and there have been 2 or 3 million traded., It's 11.00 am.
I sell 1.0 million shares in short bursts of say, 6x 50,0000 , 3x100,000, 2x 200,000.
What will happen to the SP?
What will private investors do?
How can i minimise my exposure as the one shorting?
Thnaks
@Zoros, you say that “ MM's can only go on what has been independently declared not on what to expect in future...obviously.”
MM’s aren’t really interested in what has or hasn’t been “independently declared” - they don’t really “go on” anything beyond flows. They are neither students nor arbiters of value, and they are price-setters only in the very narrowest sense of the phrase. In reality they are reactive price-takers, looking simply to position their nets where the most fish are swimming. It isn’t the market makers that need to be persuaded of the increasing value of Havieron in order for the price to move upwards - it is the market (investors like you and I) itself. If the market gains confidence from (say) drilling results or MRE updates this will be reflected in buy trades and the MM’s will adjust their prices upwards to the point where equilibrium (balanced two-way flow) is restored; there they can earn their spread without having to risk any of their precious/expensive capital.
Hi notrader
The brokers target after the MMRE did not assume a higher volume it wasn’t mentioned till after the PFS, the fall from 33p was caused by the mining change down to a new target down to 25p. Anything lower has been caused by consistent selling and gold/miners out of favour, I don’t believe true value is 15p once the selling stops it should rise.
Pressure of ore prices, the continued infrastructure progression, other targets on Havieron, increased volumes , increased grades and that’s the 12 months just gone besides the 12 months to come.
Bamps - are the broker notes not assuming higher resource levels than are currently confirmed? Perhaps when JORC resources reach the levels assumed by the brokers, their target prices will be realised. At the moment, the market values GGP at 14-16p.
Remember Ladies and Gentlemen.....ONCE IN A LIFETIME gold/copper find. POPPING CHAMPAIGN EVERYDAY. SP should be mid 20s at least, multi decade of mineralisation and the continuation of Telfer, just some of the things mentioned by our board and NCM. These are some of the quotes by the actual men involved in the day to day running of the company and Havieron. Listen to these guys, watch what they are saying from the interviews. Its all there. Listen to the board, you're invested in them as much as the company itself. You either trust them or you don't, quite simple. EYES ON THE PRIZE.
You lot should carry on asking zoro the questions you’re asking as none of it adds up. However he believes it does neither one of us will make a difference to the board or each other but if I were you I’d green bin him he’s talking crap and either knows it or doesn’t….which is worse!
Hi Zoros
I’m not following your logic
We had a broker target of 33p 50% derisked after the MMRE.
With the ever increasing exploration found the Dyke was inclined steeper than thought shelving the plans for sub level caving operation to the east of the Dyke.
The mining plan changed at the PFS to a stoping operation with costly backfilling.
This resulted in a reduction of the brokers target to around the 25p level.
The 10m oz was discussed after the PFS not before.
Are you suggesting that the broker targets should have fallen to 15p?
To me it just doesn’t stack up, the change in mining plan would not have caused that sort of drop.
The open stoping is aimed at picking out the high grade ore first increasing early revenues dramatically far more than the sub level caving would have.
To me your 15p is way too low
Zoros - there are a few things you're saying today I don't really get. The high level managing expectations and your thoughts on valuation/SP I can see where you are coming from, but things like "MM's can only go on what has been independently declared not on what to expect in future...obviously" I don't understand... market makers (I assume that's what MM is in your sentence?) have been active from sub 1p to over 35p, buying and selling, acting as the middleman for the, predominantly, private investor base. Am I misunderstanding you?
I don’t know why, but I can’t let this go. That’s not what you said, this is what you said:
“If the 5% valuation is based on the MRE2, which in turn, generates a SP of 25p (ish), GGP will be worth £1.05Bn. If GGP then sell their remaining 25%, say at the end of the year around about the DFS stage (when they plan to sit down to discuss the way ahead, re: bulk underground mining) and the SP "doesn't move from its Feb 25p, GGP will sell their Hav portion for atleast £5Bn extra. Making them a multi billion pound company.”