Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Left for work just after my previous post, so just catching up with the days posts.
The prices and dates for all the outstanding warrants/options are listed in the previous RNS of the 3rd of Feb.
In that RNS two lots of warrants were exercised at two different prices.
" ... 1,349,349 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at a price of 0.1 pence per share for 477,703 Ordinary Shares and at a price of 2.2 pence per share for 871,646 Ordinary Shares."
You can plainly see that It mentions both the nominal price of 0.1pence and the cost price for whoever was exercising the options. In that case, 0.1p (same as nominal price) and 2.2p.
"The gross proceeds of this exercise received by the Company amounts to £19,653.91."
According to that RNS the balance of 2.2p warrants left were 860,407. Therefore some of Monday's 1,048,586 could have been at 2.2p, but the the other 188,179 would have been at a different price. Were they, in part, the 166,666 at 30p? Who knows?
Personally, I always thought warrants were different to options. But seems the terms are being used interchangeably. Also the format and information given seems to change from one RNS to the next. Be nice to have some consistency in format please OO RNS person. ;)
To clarify, the nominal value is 0.1p, i.e 1/10th penny each.
Here is an extract from the document, though you can always read the full document yourself:
+++
Number allotted 1048586
Nominal value of each share 0.001
Amount paid: 0.02
+++
Correct
ORPH have filed a statement with Companies House re the 1048586 allotted shares.
Looks to me like the amount paid was 2p each (which is a nice average for someone).
From the look of the sea of red across the boards the tide has gone out for now, and everything is lower than it was yesterday....it will be back, it always has done ...just hold tight...luckily we are not only in a good share we are also in a good news share , with plenty of news due throughout this year and beyond, i imagine. Just need to hang on until the tide returns.
One reason ORPH are down is American inflation. It makes no sense whatsoever, but it is what it is. As someone said, fundamentals are bullish, so hang on till the end of the bucking rodeo y'all. Yee Hah!
That would mean that they keep the shares and couldn't be a reason for any sells
excavate = exactly
Si Derman.
That is a very good point and that is excavate what i, and many of us here would do!
The RNS on Monday said former employee (singular) for an amount of 1,048,586 shares.
That equates to 0.156% of the total issue.
It's not as if a raft of embittered ex employees are out to bring the company down. lol
And fwiw, there are 1,062,111 warrants outstanding with 166,666 @ 30p to be used by 6 June 2021.
Anyone stop to think that maybe thay are exercising these warrants at this time to allow them access to divi shares. Maybe, No. Just a thought. :)
Parabollax curves. Funny how the article mentions 28p again!
Yes the markets are in a tiz but flip sake 8% this am? Ex employee selling or market games with Finncap nonesense as a backdrop.
Erm - vol 162k gents.
As vol drops over the whole AIM market, volatility increases to poke peeps into doing something - esp when a share was up 6% yesterday.
99% of holders are just waiting
The ex employees selling. They have nowhere near the share count that Invesco had.
Think of their skin in the game and then think CF's.
Who bought massive amounts of stock?
They will have share options to sell, but, it will be done in a week ; two at the very most.
The market matters. The ex- employees don't. Shareholders here have stayed strong. The results will show why.
The fact is we are in a company in a massively improving sub- sector with alot of deals to make.
Who is selling or who is playing with the SP? FFS 4% down
don't you hate that when that happens lol
Because of that slightly false closing price, it might open a little bit red but would expect it to turn blue very quickly today