Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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to be honest, in all the recent interviews we have been told again and again, they were oversubscribed for the placing. Which means there is probably £10-20 million of interest to purchase shares. Actually its Really difficult to make Large purchases as not enough people selling !! you can't just buy 2 mill shares, you have to do it in lots of blocks, so don't be surprised to see the SP spike up
Have these new shares been admitted yet ? LSE still showing 500M. Anyone with better info? Tempted to buy more but would like this clarified first
‘Thoughts?‘
Holdings RNS, TR1 is 3% for uk and 5% for non uk investor holdings.
https://www.handbook.fca.org.uk/handbook/DTR/5/
Any TR1 will be next day for uK and 5 days non UK for threshold or whole % over threshold.
It is unlikely 1 entity would expose a position of 3% of new money in this venture. More likely a lot of HNW individuals on the brokers books that were invited. Most institutional money tends to wait for derisking events like finding commercial He and will have mcap triggers like 100m, 500m, 1bn etc
My take on the SP this week is that the momentum came out of the rise because people were expecting placed shares to be sold. It looks like in general that was not the case so people have rebought and I expect those that missed out on the placing and still want a punt now have to buy.
10p is no longer the anticipated floor it’s going to be 14p again soon and the SP will rise towards spud. So many are now expecting +20p pre drill that sentiment will take the SP there.
Then we will see selling as placees and some PI’s sell half on a double. But there will be new ‘hot money’ that arrives for the drill(s).
The weather will have a say so don’t be surprised if there are delays but May still looks to be very exciting.
Remember directors and seed investors have a 2 year lock in and then can only sell via house broker via orderly market guidance. That is a significant vote of confidence!
There is only one way for the SP now and the irony is for a high risk investment these next few weeks are possibly the lowest risk play of all of my holdings! Lol!
Imo the only way now is up!
Usual caveats
Trek
@ST: October for me. Youngster then :b
Sdg1970, "it could be". ;0) Close. Top man.
Guess, I am 1970 too! July.
@ST: without Googling, I think that means 'can be ill- afforded' or some such similar??
Bobbust: " lot of cr@p being talked about here. the majority of the new shares will not be sold any time soon. These were bought by long term investors".
I mentioned about shares in the hands of traders and not in the hands of institutions because, if they were, we should have a TR1, don't you think? As far as I know, they are required to disclose their holding once it crosses a % (is it 3 or 3.5%?). And since 100 million shares equates to about 20% I would think that the TR1 would be required.
Thoughts?
ST
@sdg1970, quod potest esse
Good base formed at 13p on the hourly chart on low volume watch for volume increase to take us to the next level.
a lot of cr@p being talked about here.
the majority of the new shares will not be sold any time soon.
These were bought by long term investors
Ok, just added at 13p twice for my dear wife just now. She has all she can have. Now, I cross my fingers for HE1, 'cause if this one doesn't pay off my head will be on the vegetable chopping board!
They just dropped the bid 0.3 and ask just 0.1.
sdg1970, check out the 10:35 drop and tell me your thoughts?
They can shake the tree all they want, I am happy to buy a few more apples that fall to add to the basket.
I think the 100 million shares are being traded and they are happy to take the 30% profit and drip feed us that. If they want to shake they will drop more and still be in profit. I wouldn't be surprised seeing a considerable drop as they do that; but rest assured it will not be only them mopping what we can get at those levels. Glad I have a few bob on the side and very happy to storm any drop from here.
ST
Stop losses, lol ?? on an AIM exploration stock. Simples, don't do it imo - the MM's will have your shares on any shakes and holders who set them to prevent losses on bad news, well the dreaded 7am RNS beats that and opens well below your loss figure....
A few have mentioned that the price will be volatile, so may get an unexpected dip for no real reason..
All my master plans seem to come from hindsight, saying that I have way more than I ever intended with a good average, so things are going badly good at the moment, at worst I am winning, at this stage of the project..
Most of the placing shares that are not wanted will have been sold already. In any case the new share could have been added before today, it’s in the RNS.
Dai2belts, I never gave advice but what I planned to do..master plan went bonkers! But more money on the side now to add, just so I can cover my bases in case of a drop. ;0)
ST you wont get your 10p handing out good advice ;)
Only got a buy set, but I doubt it will happen 11.7p
Be careful with stop losses people..they are triggering them.
Tommyscope,
Nice one mate. I was hopping to get some at around that level or less, but the other profits from somewhere else didn't come as fast and furious as I was expecting, but I still have more to add here at a later stage. I may still get in cheaper, but now, less stressed as I was as I have a descent holding for my standards.
Good luck mate.
ST
through=throw
I took advantage of profits somewhere else and figured, they may shake us down to 10p but what is 30% now and risk being out and seeing the upside here I will glad I bought it still under 15p!
I will add more later and average down or up. You guys are so contagious and done so much research and work here that one can feel quite bullish; not to mention they wanted to through an extra 12 million quid here to mop it at 10p. Like what our CEO said.."get them on the market"!
All the best people.
ST
Screw it...bought at 13.01 tripled my holding.