Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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exactly bunco.completely agree.
The bit I like about the hidden statement is "The Board has
carefully reviewed each of the expressions of interest and has concluded that the EOIs are from credible potential buyers and at a price level that shareholders could find attractive." First time we have had any mention of the price tag, but putting this together with the following comments "This has involved not only reflecting on value, in which regard the Board are grateful for the guidance provided by major shareholders" gives me comfort that we won't get low balled as the major shareholders have advised on a suitable price and there seems to still be a number of players remaining on the park with this price in mind!
"...the EOIs are from credible potential buyers and
at a price level that shareholders could find attractive..."
II's are invested here over £1, so you have to be thinking £1.20 minimum, but who knows with a bidding war.
Wow yes great spot. So us based approach and others aswell. As I keep saying though won’t be happy with a Rip of deal at 75p
agree.sounds very positive indeed.this statement which is almost hidden away(figuratively not literally) on page 78 of the notes to the consolidated financial statements is more detailed and specific than the statements in the wording of the RNS and the statements in the earlier parts of the accounts and may have escaped the attention of some investors.the reference to a smaller number of potential buyers to be taken forward to the final stages certainly suggests a significant degree of interest from several parties so perfectly possible that final stage will involve at least three parties.no certainty of course but very encouraging imo.
Interesting update on the FSP that is buried within the Annual Statement:
"As disclosed in the Strategic Review, during the year the Board
received a preliminary unsolicited approach from a US-based
investor with regard to an offer for the Company and a number
of preliminary unsolicited expressions of interest (“EOIs”) from
other parties. The Board therefore resolved to facilitate a review
of these expressions of interest by commencing a formal sales
process (“FSP”) as announced on 29 July 2019. The Board has
carefully reviewed each of the expressions of interest and has
concluded that the EOIs are from credible potential buyers and
at a price level that shareholders could find attractive.
Accordingly, the Board has now made more information
available to a short list of those potential buyers via a
dataroom and has committed to the management team
delivering a presentation to each of those potential buyers on
the prospects of the Group. The Board expects this process to
take approximately six weeks to conclude before selection of a
final, smaller number of potential buyers to take forward to a
final stage of the process. As previously advised, the Board
reiterates that there can be no certainty that any offer will be
forthcoming or the terms of any such offer."
Sounds positive.
no i cannot find the details of the capital reduction either.the notice of the AGM doesn't appear to be on the website but i may just be looking in the wrong place.if anyone can find it could they post a link thanks.
Can't find any details of the Capital Reduction on the website. What should be the effect of this on the share price?
70p Friday??????
'A number of' is stated twice. This may turn into a bidding war and I am more confident than ever.
"The Board has also completed a number of management team presentations and are now evaluating a number of proposals with a view to potentially proceeding to a final stage of due diligence. The process remains ongoing"
here we go ...
Looking at the buys today, compared to the last few weeks, it makes me wonder if some news has leaked out ?