Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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10 for 1
BB a 10/20 consolidation?
Share buy back now seems a bit crazy imo with a 10/20 consolidation on the way
Evening Tigers,
For my two penny worth, we have trusted the directors and large shareholders to date since certainly in my case 2017; up with Bonker (whom I believed In a lot of what he said) down to the depths of 1.15-1.20 when I decided to go for it, and back up to where we are now.
There is a reason why the BOD, who own (Incl TG”s large holding) lots of shares have decided to do the share consolidation.
Of course we as shareholders are going to discuss the merits/negatives of this move but ultimately I’m happy to go with our BOD because clearly there is a reason they want to do it.
Transparency, paperwork, divi payouts, warrants I would imagine are far easier and cheaper to issue/sort with 150M shares in issue rather than the current volume.
I truly believe we are going to strike with some serious news imminently and my recent commitment to buying stock, along with people like BigMJ, I hope have been the right move.
I’m absolutely over the moon with the current direction of MTR and all their strategies. I know I’m in the blue now and I hope the others who are just behind me will also get there shortly as at one point I was 68% down, like many many others.
I hope this board doesn’t get clogged up too much with this consolidation because the other news which is coming I think will be soo exciting and more financially beneficial to us all and after all, we are here solely for that !!
Stay safe and well Tigers, its all on its way for us LTH”s.
Lazygun, Hi. I think the share buy-back "failed" because it didn't achieve anything and was therefore not a good use of funds. I think it is most unlikely that the buy-back has played any significant part in the recent share price recovery-that is down to the IC articles and the resultant greater awareness of MTR amongst investors generally of MTR's genuine intrinsic merits
Hi to you bigmj, too. I think it is a rather simplistic view of the buy-back question to say that it was a success just because the sp is greater now than it was then. I think it would only be fair to claim the buy-back was a success if the sp rise was actually attributable to the buy-back and I don't believe that to be true.
On the consolidation point, I'm happy to go with it now we're on the up. It's all about perception in my view and I don't think the negativity usually attached to consolidations will apply in our case . We're not seeking to re-invent ourselves by means of the consolidation. Rather the company is seeking to present itself in a slightly different way, to change others' perception of MTR, having already gone through a transformation from the MOD era into the SFR et al era. I'm happy to go with the Directors now on this one.
Looking forward now with renewed confidence.
The share buy back must be considered successful as they bought the shares below back below the current SP and now they are effectively worth more, how can that not be a positive and it’s not like the cheap shares fell into hands of a flipper, they fell into the companies hands and won’t be sold again win win
Why do people think the share buyback failed?
They bought back shares at very low prices, at a time when they had cash, and project options at the time were comparatively less attractive. That could only be considered to be a success.
People really need to start re-examining their expectations, and inject them with a dose of reality.
L.
Not difficult to find multiple similar cases on AIM where buyback had little to no effect- off the top of my head i cannot name one.
I believe the share buyback failed.
It wasn’t working, Metal Tiger therefore stopped before acquiring the full £2m