Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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3,000,000 share trade
Blimey
Hopeful for grant funding news soon likely before MDA
Https://www.aiinsightmedia.com/rare-earth-metals-ai-semiconductor/
1.1m @ 6.75 late trade Friday delayed from 9.30 unlikely to be a sell and would explain tick up in bid
£200k delayed @ 6s now - interesting ...
Another little tick-up for Neodymium ...
Maybe one of the 5pps private placees reducing their existing shareholding (so as to maintain their pre placement %age perhaps) ahead of admission of the placing shares. Effectively £20k trousered on 2m @ 6p. Should pay for their round tonight...
That was my impression too. If so, hardly uncommon on AIM.
If we remain above the 5p placing price in the weeks ahead though, that would be quite bullish, IMO. GLA.
Who knows but I'm impressed that someone was willing to take that amount at 6p.
Yes, interesting.
No further explanation?
Followed by all £10 worth of stock firstb thing the next morning (this morning)
Someone forward-selling their placing shares?
2M @ 6p
Neodymium ticked up slightly again.
That's a big un.
They become exercisable in August 2024, so no sale pressure until then at least.
It's 600K shares at 5p (£30K) it's hardly going to hold back the share price.
Anyone got a read on how those 5p warrants might apply the handbrakes?
Seems that today is one of the last chances to pick some cheap train tickets.
The train will be soon move North
I agree with much of your post, apart from being at the bottom of this bear cycle.
Will be interesting to see if the SP remains above 5p in the weeks ahead.
Would like to have seen a higher strike price for those warrants, and remain somewhat wary still, irrespective of Songwe, but retaining my holding for now and might take a few more if we see sub 5p in the weeks ahead. GLA.
Another example to why expedited MDAs balanced with clear rule foundation is essential for Malawi. Let MKA show the outdated local mining industry how to run a mining operation for the benefit of all parties.
https://malawi24.com/2024/04/10/stop-alluvial-gold-mining-says-ministry-of-mining/
GLR1990 (great post reference) BTW.
Great Post. Compelling buy reinforcement
i do like it when the pros come out with the really dumb **** - it only firms my view of a 10x in the making here ...
Terrible Idea
The SP Is 7p at he bottom of a bear cycle, 8 years ago it was a hole in the ground that looked like it might have some decent rare earth elements at the bottom of it and trading at 2-3p
Since then they've
- raised $14m from Talaxis to fully fund the Songwe DFS
- bought an initial stake in HyProMag, before anyone knew what it was, 42% for £500K
- Sold 20% of that Initial stage in HyProMag for £3.5m GBP, valuing the entire 'HyProMag' company at £17.5m face value, vs the £500K (42%) they paid for it, which give or take works out turning a £1.2m investment into a £17.5m+ investment and likely considerably rising. What percentage of small cap LSE/AIM CEO's have done that?
- Found an unbelievable partner in Cotec who have verbally promised to raise $30-50m USD for three US projects
- Found multiple TR1's albeit they have gone quiet, a good percentage of the company is privately held
- Raised over £10m GBP of funding from various governments to kickstart two projects one in the UK and one in Germany
- Found a suitable location for a EU processing plant and established a subsidiary with Polish heavyweight Grupa Azoty.
- Extensive RE market knowledge, being selected by the MSP and being part of multiple RE groups / connections including US DoD.
Firing the CEO would be total suicide, 90% of the problems here are out of his control, the MDA has been delayed for nearly 2 years by a government which has yet to do anything in its mining sector, not just MKA related.
Just because the SP is where it is, doesn't mean the company isn't incredibly strong. Tons of progress has been made here, the value will out in the next 6-12 months.