Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes spot on SPAC; whilst they notified the market on 23rd they sold on the 20th, glad they're not managing my investments
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NMC/14360967.html
Let’s look at the facts
Blackrock bought shares on 26th Nov and became 5.02% owner at share price ~ £2,626,
Then, they increased their shares from 5.02% to 5.11% on 17th Dec at share price ~ £1,747 – when MW attacked.
On 20th Dec 2019 they sold 5.11% at share price £1,301. Their total loss is approx. £140 million in less than a month or so.
Maybe they were under margin call? Internal risk management policy where if stock drop sharply to trigger sell? Auto-stop loss?
One thing for sure, when you take such huge losses in few days and wipe good portion of yearly profit, you need to justify this to your shareholders. Maybe you can start blaming the company’s management, express your disappointment? one thing for sure. You cannot say I messed up – job security reasons.
Let us not forget the Capital Group whose assets under management exceeds $1.7 trillion invested in this stock, and I am sure such investment came after extensive due diligence. JP morgan supported the stock with price target +3,000 and stating their accounting treatment where adequate.
In my view, someone at Blackrock messed up. Someone job is on the line for taking losses of £140mn in few days!
With regards to interest income, GCC banks do not give you any penny on current account for corporate clients, and if few banks do, they will offer you something less than 0.3%. Anyone can call them and ask – it is not secret nor takes rocket science to make a phone call to GCC banks call center and ask.
Freeh
To be exact, Blackrock increased their holdings on 18th Dec and sold on the 23rd Dec which preceded release of actual floor space, builders invoices and the announcement of the Independent review by Freesh which all sounds very panicky and unprofessional
So as a PI you are then assuming the action taken. by a II who are professional investors And who have stated on the record they have asked legitimate questions are premature and they are not necessarily familiar with circumstances of an independent review period of what can and cannot be divulged.
Then you have. Margin call made by banks in past 2 weeks, again during period of independent review and again they are premature as the independent review according to us PIs will exonerate company and restore sp to £25
I’m in big on this company, but I need to process and absorb what events Im seeing her and this company is at best on back foot and they are hiring heavy weights to do review. But then so did Oj Simpson hire big time defense lawyers to find him innocent, but that was more on basis of proving that guilt was not beyond reasonable doubt rather than him being totally innocent.
Everyone will take their positions on this stock and good luck to everyone as I see this as a punt
but these changes happens on 31 December 2019, before NMC released info about the involvement of Freeh Group - if Blackrock was asking questions these time, NMC could decide not to release any information before the investigation results. As NMC stated they think that what happens with there stock was work of Muddy Waters and certain other parties...
Anyone see this update form Blackrock yesterday? Not good if you are looking for confidence to invest in NMC .
Quote for RNS extract
We made a few recent changes to the portfolio. We sold our position in UAE hospital operator NMC Health post allegations over its accounting practices, particularly its use of cash. We investigated the allegations extensively and could not get comfortable with retaining the position. We were disappointed with the response we received from the company and having lost trust in management we exited. We also exited our holding in Saudi Aramco post strong price performance in the aftermath of its IPO, as well as trimming Ecopetrol on strength.”
So here have an institutional investor who were asking directs questions on cash (basically the same as what us PIS are thinking ) and even with review going on they were not convinced and parted company.
I know what I’m doing next...