Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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IG closed out all open positions on 29th March. I don't remember seeing such a notable transaction on that date.
I suppose it could be another broker closing out at a later date and that they may have an unusually large number of open positions but a few things strike me as odd. First is the round number 18m exactly. Second is the fact that it was just over the number of shares required to notify (I still find that weird). It could be a coincidence but my gut feeling is that this is a single party transaction and we should eventually see a TR1.
If it was related to a spread betting company then I think it would be highly likely that it was down to closing positions en-bloc and therefore a sell
As an IG client, I'm guessing most spread-betting firms ( as is the case with IG) now no longer allow new positions to be opened for companies like NFX after the Gamestop activity a few weeks ago.
Is it not the case that it could be after hours reporting of a trade that occurred earlier in the day? It's a little late for the post market auction and 18m is still a hell of a volume even for consolidated auction activity.
I still think that the 18m trade was not an actual PI/director trade to affect the SP due to the time being 17.57 if I recall.
Many trades after 5pm seem to come from spread betting firms/rollovers I am led to believe.
I'm no expert but only heard about this on another share and Jay12 might be able to help on this.
Jay12 you around? as you use spread betting platforms. Just open a new account on a new email as Jay13 and we can just carry on as normal.
I don't know C4x, but if they are not as advanced as us one needs to ask why they have managed to strike such a deal yet nfx languish in the bargain basement.
Proactive bod perhaps.?
ATB
Agreed Soup. Both companies (like 90% of pharma’s) are currently valued on potential.
The market has at least one (but probably both) of the valuations very wrong imo.
Really? So there is a perfect market which will see a company achieve a workflow target and value them at an exact amount according to that achievement?
Ok, so let’s do a quick comparison to see if a board has ultimate control of the share price.
NFX has a product that has been tested on human tissue, twice, and found to be an improvement on standard of care. The company is valued at around £13m Mcap.
C4X has a similar product, actually I should say a similar idea. They have yet to figure out which molecules to use, or patent it, they haven’t tested it or got a programme for testing it. The company is valued at £90m Mcap.
NFX management have achieved milestones in the product development whereas the others have yet to start.
Who has ‘ultimate control’ again?
Really? The board has the ultimate control of share price. By achieving forecast targets.
In fairness the board can't manipulate the shareprice, nor can they stop people from selling if they want to.
The company has set out how it will add shareholder value in the broker note. The problem is its not a quick timescale.
If you take a cold, clear eyed approach you ask what makes the company worth its current shareprice / mcap?
End of the day we're constantly being taken to the cleaners by sellers, the bod need to return some shareholder value here asap
FX don't be sorry for being negative, nothing has gone our way the last 18+ months and until it changes sentiment is poor
78m new shares out there sitting at 10% profit and drifting down by the day. I'll wager that some of our newest 'investors' have now disappeared into the sunset.
It was a nice little arrangement for them. Effective a short term loan in exchange for the possibility for full repayment plus 10% in just a couple of weeks. No clauses to limit exit points All at the expense of the LTH's. Even the new board are sitting pretty on a small profit after getting in on the action.
I wonder how the concert party feel about it all? DG has now become casual about his notifications . Anyone else considered the possibility that he might actually be the 18m mystery trader?
You would have thought that anyone prepared to outlay £485k at 2.6p a share might consider it tempting to average down a bit at these bargain basement prices. No signs of any further buying though.
Sorry if I'm being too negative again.
Anyway, as today shows, its not so much about whether TR1's have been issued or not, its that there are still large sells going through, that is the thing pushing down the sp.
Should have also said, the company updated all of the percentages on their website after the placing, so at least they are not hiding the change.
DG has to notify, no way around it. JH will have been told by the broker and company sec. to do so.
The problem with the whole system is that it is up to the individual to notify the company before they can then issue the TR1.
That said, the company did update the website to show DG's reduced percentage when JH notified.
That's it!
Also waiting on AC and whatever that 18m was then
Because Joanne is conscientious and DG is a grifter maybe?
re: TR1's, if Joanne had to notify then why not DG?
I'm beginning to think that Financial Conduct only applies to pleb PI's like us.