Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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mole - agree that returns were seriously downsized by the LOG saga etc. but we have to accept that the CalE Bond was our lifesaver at the time, and all the engineering progress that has taken place has been dependent upon it. Have already made the point about low trading volumes unlikely to be the action of a would-be suitor, and LOG made a point some time ago about a measured release of equity being on the agenda when an acceptable SP was reached.
If I had to choose a potential bidder, would love it to be BH/CalE. They would surely be interested in the whole dish once the progression to first gas was a fait accompli? They most certainly have the financial clout, and the acquisition of IOG would fit their agenda of becoming players in the O & G industry. Just a thought.
Peak - Duster has a point. The problem is with LOG holding 30% they can and would sell out at @30p giving a predator access to a large concentration of shares. When that is added to Lombard tidy pot in 2 holders you have a significant potential holding to bid for. Both are in the money at these levels and neither I would say were long term or committed holders - nor are any of the other institutions I would say - however the Board considered it a good outcome to get institutions in (at the expense of the PI investors). We passed the point of a big return here with the mess LOG caused, Skipper and Harvey with the drill and the subsequent recapitalisation using institutions and the CalE deal with the Bond.
So a bid has absolutely been a risk here for a while. Hard to call - if one came I think it would come after a suitor had tapped up the 2 largest holders first - they would not mess with the low volumes daily traded. If it came there is nothing PI holders could do about it. So its a risk but not one I worry too much about as it would be an upside from here and not necessarily a cash offer of course - could be equity if it happened - but on that LOG I'm sure would want cash....
Either way interesting period in the run up to first gas coming. Be nice to get there after all these years!
If "someone" is soaking up stock, they are doing it at a very gentle trickle. No reported changes in the holdings of the regular institutional investors so that one remains a mystery. They would need an awful lot more stock to establish a credible bidding platform.
Just my opinion could also be waiting for 1st gas ect ECT
But someone is soaking up stock imho
They loaded up on options and put the for sale signs up in the April vid imho
Someone is taking all the stock at this level your blind not to see it and there is a reason for this, just my opinion but the level it's being held at does not matter it stays the same on buys or sells it's not normal
So what gives??
I sincerely hope you are not right about the shafting duster, as like most LTHs I will hold the line up to the delivery of first gas and beyond. Time will tell as you say - but how much time?
This is being held for a reason are we going to get shafted with a 32p odd share offer 50% premium is the normal amount
Hockey and co walk away minted we have a 1 bagger at best
Time will tell