Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Its always seemed to me that CE would want equity control of the company at some stage. They have a seat at the table as development partner and funder, this gives them some leverage but without actual equity control, they cant use the operating infrastructure to support their strategy. LOG is building out a neat operating capability - not something that happens overnight. LOG administrator's equity position is probably the key for CE, and the administrator is playing a long game hoping for increased valuation accretion before the block is placed/sold. CE should fear it falling into the wrong hands. I had thought it would happen by now, but its still the most likely outcome IMHO.
In the event of an "offer" - either from CalE or another party (or even both) - this would have a more substantial effect on the SP than all the good progress reports. Perverse I know - but that is the way of the AIM market in most situations.
Aligator
You seem to be coming round to my way of thinking. I suggested a while back that we could be viewed as a takeover target for Gas Producers but you thought that BH would fend that off.
I like your train of thought that it could actually be BH as a potential for taking 100% ownership of the company.
I could see that being attractive to the BOD, where most have a shareholding in IOG, but also staff positions, so a BH takeover could see them profit from the share value and quite possibly retain positions in the new company going forward.
The LOG administrators and major shareholders would be looking for a good return therefore that should help towards a good price for all shareholders, not to mention if any counter offer came in assuming this was the scenario.
My feeling is that we wont be left as an independent player in the market and at some point in the near future will experience some sort of offer, lets hope its a good one to make it all worthwhile
All the best
GG
gator - as usual you have done your homework to back up the theory, and all you say about CalE's potential further involvement in IOG seems perfectly logical. In fact, I have wondered why there has not been a similar move before now. Watch this space - and it could well be considered before the anticipated first gas?
The offer by BH would of course be for IOG!!!!!