Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@troutisout - CF, I presume, asked the company secretary who was also in charge of EKF spin offs and I guess that the idea of 10-20% of MV being the value of the spin-off as a finger in the air valuation stuck with him. Is it accurate? Of course not, it's just supposed to get a rough feel of precedence.
It's irrelevant now anyway, it's been soun out and the door is closed. It's a separate entity now so has no bearing on orph bar a shared executive
I am not sure CF was trying to say what people have thought he was? Lots in this share over-think things, especially those which we cannot know.
Poolbeg are going to be doing roadshows to get new investors on board, the number of investors and the amount and price they are willing to invest is still unknown, so the dilution to ORPH shareholders will be unknown. So to say the value of our Poolbeg shares equals a percentage of ORPH is premature, until there is an IPO and we know what else is part of the Company's valuation (cash raised and at what price/dilution) how can we know the value of our share?
What do you think the mcap should be - that’s what investing is about, not what everyone else thinks.
Otherwise your a robot.
So much doubt due to historical accounts- come back in 2 weeks. Please cut and copy this post
Interestingly, we initially dropped 3p at open...and finished around 5p down...
I wasn't a believer in 'efficient markets' , but maybe those in the know did.
Hmmm....
ATB
May I have a little "yeehaa".
Ah, that's better. :)
.." Poolbeg IPO 2-3 weeks , roadshow before, pre-market book already half-covered; expected value = 10-20% of ORPH Mcap.."
ie 3-6p at IPO, maybe 2x or 3 x by time of road-show for Nasdaq(..or should that be 'rodeo' ?).
AIUI
I do not understand why there is all this angst about the share price. Unless you are buying or selling the share price is just a footnote. Obviously if you are a trader it matters greatly but then you takes your chances and cant complain when it goes against you but for Investors who are not on a knife edge, it matters little.
Hi, what do we think the price will open up at tom am?
At that rate OO will be worth nothing by the time we get to DIM spinoff. I'm not convinced on this.
DBD, agree 4p to 5p sounds about right.
The assets being spun out regards Poolbeg had no real value to the current worth of the Open Orphan business.
In regards to an "indication of what each share in Poolbeg might be worth " I thought CF said something along the lines of ...if a share gives a 10% dividend, the share price drops 10%, and he was going to relate that to todays drop in sp, but moved on...that's what i thought he was intending to say, but didn't.
DDB - on the basis he said 10-20% of current Mcap my guess is that Poolbeg shares will start at around 5-6p…
And some cash will go out of OO into Poolbeg, although we don’t know how much until IPO.
It’s called “covering your arse”. Today’s drop was solely acccounts related.
Really interesting what he just said: 'When a share goes ex-dividend, fundamentally, the share price will drop by the amount that the dividend is worth'.
I know a lot of you have been discussing the idea that "Poolbeg wasn't listed on the balance sheet so the spin-off shouldn't affect the share price", but I always found that odd - yes technically that's correct, but in reality we all know it has some value so the share price drop wasn't surprising. The share price didn't fall yesterday weirdly though, so the fall seemed to be more related to the results than the ex-C date.