Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Biffadog, thanks for bringing a rational summary of the facts here. Some of these other posts are, at best, barking up the totally wrong tree,one can only surmise motives??
Guys,
It's a bog standard TR-1.
It is a notification of a change in a major holding of HUR shares.
In this instance, it it a notification of an increase in holding to over 5% of shares in issue.
It is NOT a notification of a sale of shares, otherwise it would show a decrease in percentage.
It has nothing to do with Convertible Bonds (CBs).
See DTR 5.1 and DTR 5.2.1 for an explanation of "indirect voting rights"
It's simple really.
1. Looking at todays RNS, AFFM S.A. are the management company of the HUR share owners (Alken Fund SICAV and Alken Capital Fun, FCP-FIS)
2. RNS, AFFM S.A.are now indirect owners as stated on the RNS. AFFM S.A., are also the dedicated Management Company of the Alken Fund,
http://www.affm.lu/disclaimer.aspx
So that coupled with the Bloomberg link mentioned earlier on here might suggest, that AFFM S.A are to sell on behalf of Alken?
That's my take on why we had the RNS today, happy to be proved wrong.
'Alken Fund SICAV and Alken Capital Fund, FCP-FIS.
Comment: Alken Fund SICAV and Alken Capital Fun, FCP-FIS are the legal owners of the shares.
AFFM S.A. is the management company of the Alken Fund SICAV and the Alken Capital Fund, FCP-FIS and the beneficial owner of the shares.'
I know CA = Crystal Amber
BB = Brigitte Bardot
CB = Crystal Bardot?
I can tell you that this has nothing what so ever to do with CBs. That is a total red herring.
It is also not a placing. Total number of shares in issue hasn't changed for starters. Another red herring.
Whether Alken acquired the shares in the open market, culminating in a holding higher than 5% on the 11th July, or have acquired CA's shares remains to be seen.
GLA.
Can only see an opening paragraph there. Anybody else that can see it care to c and p the text here please?
Hi Jaykay, Extrader, yep seen now. At least if nothing else then if will give posters on here something to discuss other then Dr T 's potential second career as an after dinner speaker - of course he will be Sir Robert Trice by then. :-)
Hi Cebo-456,
Suggestion now on ADVFN that it's an institution placing, not HUR.
https://www.bloomberg.com/press-releases/2019-07-16/hurricane-energy-holder-to-sell-5-5-of-company-shares
Behind paywall, can't see the body of msge.
ATB
Cant see why they would be announcing any bookbuild in the near future as the Company are generating good money AS has stated that the next tanker in iminent and they have cash in the bank. So unless there was some sort of news imminent, then I cannot see why the would want to raise any funds. - perhaps hurricane are planning on a reverse Takover for BP or EXON ?? :-)
Ok thanks extrader, thanks, just had a call from my broker, who said he’s trying to pick me up some stock, hopefully, but he did say at this stage a rumour on the abb
Hi Tonnacombe,
An unsourced comment on ADVFN that it's a 110M institutional placing. That would tie in +/- with the new II holding RNS'd today.
But you'd normally announce the placing before/at the same time as the take-up.....
Guess we'll find out soon enough if there's any substance.
ATB
BB,Briggette Bardot ?
Rumours of accelerated BB? Anyone else heard anything
And then there’s Sipnoob who owns half the company
As I was saying, there are big investors who think that the lower the price goes, the stronger the case for buying, whereas the smaller investors think that the lower the price goes, the stronger the case for selling.
So they hold c.£54 million of shares - that's a heck of a lump of money.
They're more confident than most of the PI's.