Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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amazing to get below 17p as another entry, price does seem to be fluctuating alot, confusing looking rns but a cryptic message from VM stating " looks forward to their support ahead" ??? shareholders getting told to buckle up ?
so Piedmont think 25p is worth a shot here ..... looks like they might be buying soon on open market so although i dont expect any news as such i expect the sp to recover to 20p+ very quickly.
goldrush post about getting takenover is exactly my thoughts, i cant see VM hanging around and feel they will cash out from ewoyaa. dont know why they are delisting the gold assets ...should have listed them and built up the profile again.
Must say I like the new name and agree with your post rush just think it could have been all managed a bit better as clearly there has not been recent value-added to the company when there ought to have still for longer-term this should all play out well and probably the gold co will list some place again agree anywhere but AIM, please!
Spot on Goldrush
As an mufc supporter I relate.
The way I read it this simply had to happen. Irr will be eventually taken out and it needs to be a pure li company. The project hasn't changed, we have 22usd in the bank post demerger, we are fully funded and not burning cash. Are we really valued at less then 90mill now as an li play?
I get 1 for 8 free shares in ricca and option to purchase more. Quite clearly the value of the gold assets is considered virtually zero. Is it a coincidence canaccord turn up not long after the sya raising? I think its reasonable to assume an ipo 2022, please vincent anywhere but aim!!!
At 17p for our li company in this current green energy market madness and with peidmont as 50%......and look at their recent announcement.........my personal view its significantly undervalued. The name Atlantic is no coincidence either, get out your atlas, they will dig and ship straight over to North Carolina, cheap and easy.
Keep drilling vincent and build the mre, eventually they will come
This is progress. The modest 3.5m apportionment to the gold is clearly very supportive to IRR and will surely be seen as a positive by the iis that have held off from investing until the demerger. Also, we are now getting much closer to that inflection point where we should start seeing the stock go up to where it should be - ie much higher than the 18p to 24p range that it has been stuck at lately due to that uncertainty.
It's all about the lithium company now (ALL)
And this what will create the huge value for current holders in the middle/longer term IMHO.
the gold company (RICCA) will be just a little bonus that may or not will gain some value but not for a long while....again IMHO.
I will hold to my current position with a view to see the lithium company growing into very decent and rewarding asset.
GLA.
Vinny needs to straighten things out with some clear media here as the idea of the demerger was to add value not lose it lol .... bit of an Ole Solskjear moment this
As an unlisted security am afrsid that is down to interpretation..obviously Vince and co do not think it is being given the valuation it deserves and is taking this action..hopefully somewhere down the line it will be either relisted or taken over and better value realised for all
Over the next few weeks.
Doesn't look like the $7million placing for the new gold company has gone down well
So N2S how do we know at any given time the value of our gold shares ?
Amazing how it’s so easy to jump scare holders to sell such that down rampers can gobble up cheaply…please DYOR….re: distribution in-specie, when is the record date (ie. If you think value will fall proportionately, when is the split…coz it hasn’t happened yet and there is still the 1 in 8 entitlement), etc etc and the demerger is for a good reason….see Neometals and their share price performance pre and post demerger and in-species distribution….
Why is it unclear swest holders in IRR get 1 share for every 8 held in Ricca..a bit basic
Never judge a book by it's cover.
Could someone clarify. Are IRR holders getting any interest / shares in Ricca. If not, then IRR holders are down 7M AUS, as that been tranferred / comitted to an unlisted entity, hence the drop. Is this correct, genuine question as unclear.
On par with the past 5/6 years an RNS causes a drop in SP. I do agree with Munchbox in the view that the seller or sellers probably knew about this news long before today. Disappointing once again.
That's how I see it SM.
If I was to pick out a negative then I'd say VM could have given us 1 Ricca for every 4 IRR but I also see the case for not doing that.
It is of course important not to lose sight of ALL as you suggest given this will be listing on the USOTCM and Piedmont are in at 20 and 25p.
In for a few more today. ATB.
Hi Bozi, RE the point on choosing not the list the gold now. As we are (long) overdue the MRE at Zaranou, I am wondering whether the business has bought itself some more time to prove up the surrounding targets so that it has a much more substantial MRE to shop around at IPO time.
Personally see today's news as welcome as we now have transparency over the future of our investment with accompanying timelines.
- Company to be demerged into publicly listed Atlantic Lithium Limited (ALL) and delisted Ricca Resources Limited
- ALL to be dual listed on AIM and OTCQX (North America)
- ALL to become a much more attractive investment (vs IRR) to those who want exposure to lithium, including instis, funds & ETFs
- Ricca to raise almost equivalent cash being siphoned from IRR (AUD 7m vs AUS 7.1m) with shareholders of Ricca invited to take part in the capital raise
- Whilst the above I hold to be known, I would strongly speculate that Ricca will list at some point next year following further progress with its drilling campaigns (and I'd hope for a welcome return on the shares we're getting there)
There may be a few teething pains over the next couple of months but mid to long term this remains an excellent investment.
If any of the above is inaccurate I welcome corrections!
All best
SM
How does demerging into an unlisted vehicle for the gold give us better value or a means to sell those unlisted shares?
mates rates.... the seller been dumping for a reason, looks like nothing will be announced until december if we are lucky.
Just sell up for B/E Munchbox and find a place for your cash where you're happy mate.
Mike - there will be a small drop once the demerger goes through, bit like when a dividend goes ex.
But instead of having one apple we'll have two.
The other way it could have been done and the way I was maybe thinking would have been to list the gold up front and value it higher. For reasons only known to Vincent that hasn't been possible or hasn't been deemed the correct move.
Maybe starting the gold off at a low valuation gives more upside for IRR holders (and IPO buyers) when it does eventually list?
I might be wrong to be so but I'm not unduly worried.
what a poorly worded rns. no need to mention any future raises until assets demerged, VM saying its beenvery rewarding for shareholders like wtf lol.
can see me buying more at 15p. psss poor VM as usual ....aint that right bozi
Don't know if i have got this right but am attributing roughly 10% of overall value of IRR to new gold co ricca so possible drop to 16p and restart in January and see where we go once all the paperwork is carried out