Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hahahaha rr2022, stop trolling me.
What's the Market been doing since 19/07? I think this has already been priced in at current levels that's why we have not seen the drop to 5p like others were saying earlier.
Definitely a capital raise imo - and sooner than later I think. My view is the SP is going to head downwards as the market digests the news.
DYOR
Rr2022, you plank. You know nothing. I’ve seen you lose money on cine, And I made loads of money there. Watch how I make money here, I’m averaging around 9.5p. If there is a placing here, let’s say at 5p, they will get gobbled up. You know nothing.
In my opinion, except of course, you being a plank.
Hopefully they are looking at other options first! As advised by the RNS and the news article from Sky.
He means in the long term! It is not going to be at 9p forever!
I invested to be a long term holder to be honest! I am not in a rush to sell this. I have looked across a number of shares and loaded up ready for great value in the coming years! Made is definitely the most exciting in terms of recovery!
In my opinion, a raise won’t really effect the sp, we are already rock bottom. If this drops, I’m loading up. This is a good business, easy 50p a share. I’m happy to hold patiently.
Imho DYOR
A very balanced look at the share! And I do agree with what you are saying! I am just hoping that it recovers or someone sees value at these prices and buys it!
A.Jones, I 'm afraid we're past the 'exploring other options first' stage, I'd say a capital raise is absolutely nailed on. 'Not imminent' just means not straight away.
Best hope (and I think it's achievable) is that the company raises enough capital to see them through this cost of living crisis and then the share price slowly recovers.
Let's face it, if they raise at a discount to 9p, we are all getting heavily diluted here. Maybe there's a catalyst for the sp to rise between now and the announcement, when it comes, that would be helpful, but I don't immediately see one.
Could a trade or PE buyer come out of left field? Absolutely! Everything's buyable at the right price and in this market anything can happen - just look at BOO's recent and sudden stake in REVB - but it would be more likely a trade buyer than PE - PE will struggle to access the cheap funding they've gotten used to.
The market reacted last time with a drop due to MADE mentioning a capital raise. That is why it dropped to 9p it then started to recover a little getting towards 12p. We have now had the same news again stating that it is an option, but they have brought in PwC to help cut costs and help restructure the business to retain cash! The news article clearly states "The launch of a cash call is not thought to be imminent" Meaning they are looking at other options first.
Companies like Level Equity Management, LLC who own 16% and Partech Partners SAS 14% in at over 100m each originally! Do you think they are going to let them dilute this share by 50% or do you think they could potentially offer to purchase the business? If I was already invested in a company with 130m and my shares where worth 5m at present. Would I let them dilute it even further or would I take an opportunity to offer double the current market value and try and take full control of the business whilst the price is soooo cheap! Current market cap 33m offer of 66m (18p) - I know what I would do!
One good thing , all the bad news has come out this week , plus. the large sell are working there way “ hopefully “ out of the system .
We need the board to have a word with John Lewis
But why doom and gloom? I don't mind balanced posts stating both sides! But what evidence do people have to say this will be 5p?
In my opinion I think that it's a good thing they are being pro-active and doing a restructure trying to prevent a share raise
He does it everywhere .
What are you talking about A.Jones?
Firstly, you think these boards should only be for those that are invested. That's not how it works... and that is a v good thing... all views should be allowed.
Secondly, there's nothing random about this share to me - nothing at all.
If you actually bothered to read other people's comments instead of simply posting loads of repetitive ramps all day, you would know that I am a disgruntled LTH who is going through the process of discovering skeletons in the company's cupboards.
You've got a bad affliction of confirmation bias, A.Jones.
PS. Thank you stxx, I know most understand this.
But why would you want to go to random shares posting negative comments? Doom and gloom!
What does that mean? You can't comment if you're not invested?
Are you invested here?
And how much gets siphoned off in fees to PWC? This is now a tiny company by market cap, which is short of cash ffs!
Unbelievably profligate.
I'm a bit shocked that they had a workforce of 600.
How did they end up with so many when they don't even make the furniture themselves?
Job cuts from its workforce of about 600 people are regarded as likely in the short term.
They have said the below. This is not something set in stone. They could other cost saving exercises first before going for a capital raise!
The launch of a cash call is not thought to be imminent, but is said to be likely to take the form of a placing that would require shareholder approval.