Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Spread tightening, usually a good sign.
I already have, hence my post :)
Its like Schrodingers Cat - the only way you know if its a buy or a sell is to try a dummy trade in 1 million.
0.5025 to sell, so I reckon the 2 x 1 mln at 0.51 are actually BUYs; plus, we are still getting those 0.59 trades.
Seems something's brewing?
GLA
They should have a REX issue, like Emmerson (on8th April) , so we all could have bought at 0.38p.
https://www.lse.co.uk/rns/EML/rex-retail-offer-qk9rstdu5dvbf3j.html
Not really because they are all Board Members so all decisions are discussed and agreed beforehand; the other 2-3 big holders did not participate for their own reasons (eg small amount, too much fuss, planning to invest more when the EPC is signed etc);
LT - Lets assume that you were a large shareholder (not invited to purchase shares at 0.38p) in the latest placing - would you not be inclined to vote against Mr Hawthorn ?
Interesting guys, I'm hoping we have a runner soon.
99,
Fund raise was not unexpected IMO, it's been flagged in various RNSs since last summer; Yes, Chairman will still get his Shares at 0.38p on 13 May, that's how Placings work.
My thinking was the unexpected additional fund raise might be the reason for the delay in signing. It being best to keep the two things separate.
Lets assume the EPC signing occurs tomorrow, and as a result the share price rises substantially. Would the GM vote (on 13 May) allow Mr Hawthorn to get his shares at 0.38p ?
"among other matters" might actually mean, news about the EPC's signing? Just a thought.
IMO, this is not related because the GM meeting stated:
"As explained in the Fundraising Announcements, completion of the Fundraise is subject to the Shareholders approving certain resolutions (including for the purposes of ASX Listing Rules 7.1 and 10.11) to authorize the issue of new ordinary shares ("New Shares"). David Hathorn, Chairman & Interim Chief Executive Officer ("CEO") of the Company participated in the Fundraise via two separate trusts of US$75,000 each, which, if approved at the General Meeting, will result in the issue of 31,093,883 New Shares of US$0.001 each in the Company. Accordingly, the General Meeting is being held to seek shareholder approval of, amongst other matters, the issue of the 31,093,883 New Shares at an issue price of 0.38 pence (0.74 Australian cents) per New Share as described above for Mr Hathorn."
Another factor might be the General Meeting on 13 May 2024. It might be necessary to delay the signing of the EPC until after 13 May 2024.
And let's not forget the Chinese chipped in 10mln (getting slowly back half of it) in anticipation of the EPC, I think this shows their willingness to take the project on; plus, remember that at least 50% of production will be offtake for the 2 main holders, with deep pockets (Oman state and the Chileans); maybe other players too, meaning the debt portion of the project could be 500-600mln; I assume 2-3 Chinese banks could easily cover this part.
New CEO last week, funds raised to see Co through, various small cautious steps towards the goal; after 3 years of delays, postponements, disappointments, I'm guessing that their sole focus is on getting the EPC contract properly finalised/signed without worrying about taking 1-2 weeks longer; the main shareholders know what's going on and they definitely don't worry about jittery PIs. Just a matter of when now, not if, IMO.
GLA
Perhaps the signing date is to be co-ordinated with the Government ?
RNS 28 March,
"PowerChina delivered its Engineering, Procurement and Construction proposal and draft EPC contract on the 6th of February 2024. The Company and PowerChina are now working towards signing EPC contract in Q2 2024."
When did they revise the EPC signing from end of April to Q2? Last EPC update I was aware of was 9th Feb stating end of April?
Hopefully, with the Q1 24 operations' update, we will get some clarity on EPC's signing; before, they had stated "by end of April", then they said "in Q2 24" (i.e. from April start to June end)!
We should get Quarter end 31 March 2024 numbers soon (late April). But really we are waiting for the EPC signing and the details of the new plan / EPC costs before end June 2024.
Things are quiet still
This stock has the potential to jump in price dramatically on news. So dealers in the Australian market (for example) won't want to be short even for a few shares, but they will work an order.
You can tell them what you want to sell at.
if you say 'sell these 10 shares for 0.59' and the price is 0.49 they'll still execute it.
although i dont think this is the reason here... maybe
Another 55,000 sold at the same price at 12:37. Maybe orders from Australia or South Africa ?
A share BUY would be executed at 0.59?
Could this be a delayed settlement (eg from a month ago, when the SP was around that level)?
Could this be a partial execution of a bigger BUY Trade?
Any other ideas?