Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Again it is just their inflammatory style.
"no acquisition completed" is true. But sounds like a touch of drama. As though it was a walk away at the signing process. Obviously there are no guarentees but the wotds used seem to suggest it is closer than the previous attempts.
Sorry meant Ying tong not ting tong.. predictive text
Ting tong that’s not what I was referring to. It was the line “ no acquisition completed” but I don’t think they know much anyway.
Wookie,
The share prophets line is entirely accurate.
But it is also entirely irrelevant. The cancellation of the AIM listing is a purely administrative matter.
Their phrasing of "shares to be cancelled on aim" is a poor choice of words (ie their inflammatory journalistic style.
I would hope 0.1 is the minimum , but as it stands we lose the lot that we have all invested, so just re-listing will be a success in itself. The proposed business (initial) I just see as a starting point and a catalyst and a stepping stone so I'm not expecting massive fireworks to begin with but that is just me being cautious we have all be stung here with the Minty's would be great if did re-list at 0.5 as that was my average before suspension . On relist there will be a re-rate of some sort but it will be down to the market and totally out off our hands but i'm keen to know the future plans and what they have in mind for the business which will determine if I say invested or not.
I personally don't think we have too much longer to wait considering it was 6 weeks since the RNS- Prospectus can take anything from 6-10 weeks to publish so I'm sure we will know our fate soon enough. The most important aspect at the moment is that does get approval and the transaction gets cleared.
Sounds like things are moving forward so that's positive. Start of a new chapter. Strange to think this started off as an oil company and i may end up making some money from a tax shell formed in to an ship anti-piracy company!
Would also be happy with 0.1 or 0.2, yet it would seems that a mcap of 4-8 million may be a little low, I guess we will find out soon enough, just be good to get this open again and in new hands!
Yes but the day no acquisition is happening, so I’m assuming they’re not up to date... well I hope so anyway
Well the shares are being cancelled on AIM, the relist is taking place on the MAIN market as per RNS
I'm trying to be realistic with the relist price -I am hoping anything from 0.1 to 0.2 anything above this would be a bonus in my eyes would put a valuation of between 4-8million on current shares in issue. The defence/ security sector is a huge market - it all depends what forward planning and strategies they have going forward which will make the company.
I've not read the article from them, but going by the title is a nice deramp spin on words. IMO
Share Prophets
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Just posted: Nu-Oil and Gas (#NUOG) – shares to be cancelled on AIM as no acquisition completed
Thoughts on this?
well seeing as the share price was basically nothing as we had nothing except running costs and debts... and of course broken promises.. if we are indeed going to become guardian global, and they have revenue and a decent predicted forecast of cash flow, I wouldn’t think they would this put this on the main market at any less than half a pence?
I think I am right in saying in the new Prospectus and because we are going into the main market they have to stipulate a share price .with in this. I am sure I will be corrected if that is not correct
Great that something is actually happening! I had my doubts fr sure. Just wonder what the relist price will be now.
Particularly encouraging to see YA GLOBAL is willing to take shares instead of cash in the new concern in exchange for their debt. This suggests that they expect the stock to become marketable and provide an exit route for themselves and their investors.
All seems good to me
No mention of guardian security? But trading on main market seems to be happening!
“ Throughout the nine months since the year end, your Board has worked to identify and secure a transaction on which the Company can build a business which warrants the re-listing of the shares on a trading exchange, and on which shareholder value can be rebuilt. After several false starts, I am pleased to report that we have identified such a transaction and have signed a Heads of terms, which was announced on 8 March 2021.
Supported by our advisers, we are preparing a UK Prospectus with which we will use to apply to be admitted to the Standard Segment and to trading on the Main Market. Full detail of the transaction will be presented in the Prospectus, together with notice of a general meeting of the Company at which all the matters will be considered and voted on through a set of resolutions”