Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Until the 29th July
what do you mean?
Only 14 trading days to go....
Thanks for trying :)
No answer from Lamprell regarding effect of bids on suspension, tried AJ Bell and they cannot help. Sry guys
The 8.3 forms are a good sign. It means takeover talks are brewing / under negotiation. I would be worried if 8.3 forms were not being published.
Argh these Form 8.3 RNS’s!
Getting my hopes up and then dashing then again
It is indeed. Do Lamprell own the land they are on? As it seems like a very prime spot
Great to see that second interested party blofeld is owned by Osama Al Sayed. So both bidder from Middle East.
100% , i am extreme relaxed.
Its highly unlikely that we got no offer.
Who of both interested parties take it forward and what is the SP? Its important for middle east the company and their energy sector. Finger X
So it is a good indication that things are progressing?
No they are at negotiation point. You would need 90% of acceptance of shares to ensure offer goes through.
Best is when Board is on your side.
But assume still that both interested parties negotiate
Fair enough thank you :)
Thanks for that. Does that mean an offer is pending? As they are disclosing Director/employee shares?
Yes, when code 2.9 is triggered its activate a specific update and release the holding of most shareholders with a bigger holding. The buyer is able to negotiate the price all would accept. Normal practice
Following
Anyone know what the RNS is? They are not always easy to understand!
Thanks for your replies regarding this matter. I have emailed IR to see if they can provide an answer and will post the reply if forthcoming
Offer comes latest on 29th of July - trust me we will reactivated but you only can sell at fixed price
I think it will go something like this - Here are the end of year results they are not the best but BOOM! We have a bid of 15p from Blofeld and 20p from Sami Al Angari and Al Gihaz which is 20p and we recommend that we take the 20p bid! :D
On a serious not, even if Sami Al Angari and Al Gihaz does not bid but Blofeld does I can see them making money on the 8.5p - Lets me honest they are in a win win situation! As Blofelds offer will be around 15p in my opinion
So any time before the end of September. I would say they would need them completed asap, before a bid is made as not many companies would bid for a business without seeing the audited accounts.
The Company intends to request a restoration of the listing of its Ordinary Shares on publication of the FY21 Results. The Group continues to work closely with its auditors to ensure that the FY21 Results are published as soon as possible. This is expected to be before the end of Q3 2022.
Are you sure? As I read it as they need to submit them to come out of suspension?
As 30 June 2022 was the last date permitted for publication of the FY21 Results under the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency Rules (as modified by the temporary relief granted to all listed companies by the FCA on 26 March 2020) and the FCA's Listing Rules, following consultation with the FCA, the Company requested that the listing of the Company's ordinary shares of 5 pence each ("Ordinary Shares") be temporarily suspended. Temporary suspension took effect from 7.30 a.m. on 1 July 2022.
We dont need to wait for audited accounts / when offer arrives we are back trading to accept the offer.
I think that the shares will still be suspended until they submit the audited accounts.