Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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So dilution nearer to 15% on current MCap
So MB stating minimum of 4 millions another way of saying we are actually raising 6 million dollars .
So on overnight reflection . Share Dilution based on current market cap is less than 10% so not so bad.
Some positive operational updates included in last night's RNS . Mainly funding for velicraptor drill maybe going it alone which would be a bonus .
Maybe we won't see this going any where near 2.5 with retail offer very likely to be over subscribed
Nevermind, glitchy ass site wasn't showing today's posts, sorted now ??
I posted this morning it's vanished? Did someone not like what I said?
Why people think all share from any fundraising need to be sold?
Do not think this when people talk of overhang and other thing like this. Do not think big holder petrovus is like little trader on BB doing quick thing lol
They will be holding the big one tightly sir
Good morning :)
Is beautiful day & we all still alive so celebrate & be happy for this :)
Update coming and all holder will be smiling very soon
I buy more and happy for this & will see who really make big money and think it is all who have hold in MATD ;)
MB always gets stung on fund raising price. 2.5p is a bit of a shocker, so with this raise taking into account Petrovis buying a quarter of the placing stock, and assuming the 500k investor subscription is taken up we are looking at an overhang between 110-130 million shares to clear. with Velociraptor likely to be spudded Q2 I think adding consistantly at the placing price (and for me averaging down) in the hope the churn is over before the pre spud rise
Doc just said something that did make me think, If LP was close surely they'd wait to announce that first, then do the raise as it'd go down much better if matd had a tangible reason to be raising more capital and diluting this even further?
I suppose we won't hear anything now till AGM where we'll just get more excuses for delays and such, but I refuse to sell at a loss so I'm here for the long haul.
Patience is the virtue and all that
CJ
In my book this is not a fund raiser but merely a top up. Probably from the LP being delayed by a month or two more than MB calculated but yes i think it means more fields to explore soon plus Velociraptor will happen as soon as practically possible. 20m shares to get 500k is a top up not a fund raise which very possibly what the market feared and that is why SP went up a bit.
iamrich: “ Hold or buy more, velociraptor is on its way, LP is anyday,”
I’ve been out all night and come back to read the same old garbage from iamrich. “LP is anyday”, lol.
If LP was due anytime soon they wouldn’t be doing a raise now. They’d wait till after. End of.
I’ve not read all the comments since the RNS so apologies if this has already been discussed but it sounds like we’ve been successful in being awarded further blocks for exploration.
I’m glad there is enthusiasm for participation in the fundraise, it should put the company on a solid footing for a big year ahead. Wish I had the funds to participate but alas I’ll just have to wait it out……again!
Good luck to you all.
Spot on BigBench, totally agree with all of that.
There are a lot of variables which are unknown to us at the moment… if MB needed to secure funds he had to secure funds, lots of maybes here… maybe the JV is taking longer than planned so he wants the first drill to be ours alone so no hold ups… maybe he wanted the MG to see we were funded before securing new licenses…. Maybe the placing will be heavily over subscribed (I think it will) ….maybe MB has lost the plot who knows…. All we do know for sure is the oil is there and we need to get it out by hook or by crook ASAP… we can’t waste another year!
Hold or buy more, velociraptor is on its way, LP is anyday,
Something has changed business wise from December 6th to now for this fund raise,can only be more funds needed for the amount of work that is to be performed in the near future ,
Same here Lockie, many a time I have said no more! Ha
So much news is potentially just on the horizon now though, and things are finally in motion after 2 years of lockdowns etc.
My average is 4.7p so it is very tempting. Only thing is my ISA account is full for the year though!
We'll see how it goes tomorrow.
Blue,
Yes very tempted myself though I've said for a long time I won't be investing more, however 2.5p is in my opinion a no brainer. Great op to bring average down for me as well.
Very tempted. I have just over 2m shares at the moment so I'm already heavily invested, but I would love to take advantage of the raise price tomorrow. A lower average SP for a potentially huge reward is always tempting though.
Tomorrow will be "interesting" either way ...... fingers crossed.
GLA
Who's buying in/topping up at 2.5p then ?
iamrich if we get LP granted soon then we will be ok. See what the market will decide tomorrow. As I said if really drops to 2.5p I may add another 2m shares. I haven't decided yet.
Still disappointed, I cant deny that to be honest.
Jimi you and a few others that post are the only sensible realistic people here and actually have commen sense, majority of real share holders don't even post so they don't associate with the likes of ojay master badpig, the boards are full of trash and people who have no idea of what's happening or going on,
I wish all real investors the best and hold on any drops will be bought out, even the derampers like master and ojay will be buying more but don't let them have your shares for cheap hold tight as next week this will be back up again to today's price
I've waited 6 years for this drill to happen. This is why I bought in.
The plans were to find a joint venture or going alone now we are going it alone so we need the money, again not a bad thing long term as we will hold any find at velociraptor 100%, matd seriously has a big chance here to make it big, patience people and think outside the box,
How much MB puts in is relevant to his annual salary not the size of the raise. Can’t be ****d to look up how much MB is paid, but guess he is putting in c. 10% of his annual salary before tax?