Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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3.25p today ( -3.5% .. spread 7.7% )
Pembridge Resources serves as a good example of how quickly everything can go wrong for small producers
BY GARY NEWMAN
At the start of this year a small AIM outift called Pembridge Resources (PERE) was getting a lot of attention and there were all sorts of predictions being made as to how high the market cap should be based on its share of a copper mining operation.
3.25p today down a further 3.5% spread 8%
Pembridge Resources serves as a good example of how quickly everything can go wrong for small producers
BY GARY NEWMAN
At the start of this year a small AIM outift called Pembridge Resources (PERE) was getting a lot of attention and there were all sorts of predictions being made as to how high the market cap should be based on its share of a copper mining operation.
Levi, I must admit to thinking that about my broker myself sometimes, anyway, the 200k was my worked buy from this afternoon, now, where’s that fat finger trade for 1/2m from someone:)
And quarter the SP.
CAR3Y you are either on the wrong BB or need to change your broker.
Give him 3 months he said Bythesea. Well it has taken him a bit longer to turn our third holding in to a ninth holding. Great work Gati.
Being quoted 10p to buy 1/2M nothing of any size here
Levi
Poor Show your being kind.
Yes Bythesea, only last week shareholders were looking forward to production figures and long awaited exploration news but instead have been dropped this bombshell in their laps. Poor show.
And to think we were all getting excited at how much money we were getting for gold never mind the copper.Sucked into another mans failed dreams it seems.
To be fair the coronavirus is a pretty one off black swan event (doesn't necessarily excuse the prior interview of course). But as a business plan. I have a normally very successful business. It aint so successful right at this moment in time. And I would say it isn't entirely my fault!
Future acquisitions Ha we cant even afford this one.Seems like Gati is not as good as he thinks he is.
Some buys going through. So not all think a lost cause at current price. I'm holding off for time being but have funds. Is it good money after bad?
Agree I put another 2 buys of 1k each.Money I should not have invested. I just cant seem to catch a break.
Basically beyond the $3m in Escrow we couldn't fund our commitments going forward given where the SP has fallen and circumstances changed due to coronavirus without massive dilution.
However it is all very different to the bravado of the last Gati interview when he was brushing aside the virus issue and talking of good things for the company.
I had sold out due to the on-coming virus and I am only in this now having left a buy order at 9p which I forgot to cancel and kicking myself. But how many people have topped up on the strength of that last interview.
It has been a disaster from the start.
Or would it be about who’s in control of operating the asset?
Is 11% enough of a stake to keep pere trading without finding another asset?
Only asking because AAOG (a completely different play and story I know) is being forced to become a shell again once it drops its overall licence stake in its particular assets to 11.2%.
Well, I thought 9p was good value for 33% of minto. It strikes me that in the 3p+ area we are at 1/3 of that price and now minus liabilities. But I have to say I don't fully understand the reasons for the restructuring so am not jumping in headfirst at current prices. It is a shame - I had a buy order I cancelled just before 8am this morning once I saw the RNS.
Well it's certainly not a buy until there is more certainty or these bunch of so-called experts actually do something to add value instead of making a hash of everything they do.
@5p, given the RNS?! It should be one or other, or is it fair value now?