Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi Antelope. I do think SVV will continue to perform well, and it's worth noting the 20% exposure to it was only 13% when the broker note was written (with shares in issue rising 15% or so). However, I would disagree about the rest of your assessment. If these investments become tech unicorns 1% will be of material value. And my understanding is that we have over 1%. We also have 15% of DeTech Studios - and 2m YOP tokens which we were given as a sweetener on that deal prior to them launching, they were worth $0.05 each at launch and are $2 now. So those tokens alone are worth $4m and I would imagine we could exchange them at a modest discount for more shares in Pluto as that approaches what could be a very large IPO next quarter.
Pires shares have trebled since Christmas, I'm not saying they'll treble again in the same timescale but I certainly think they can make further progress from here. Mind you, I'd have to be confident - they remain over half my portfolio!
Thanks PNick. I am invested to a very modest degree but am considering buying more. It bothers me though because the percentage holdings in any entity is an important gauge of the potential here Owning 1% of a startup is not significant. Owning 25% or more might be. From what I can glean here, percentage ownership of the upcoming IPO companies is pretty nominal. So investing here is only about SVV it seems. That, according to the Pires website, amounts to a 20% holding. SVV is going to have to perform well to justify a strong price rise here, isn't it?
Hi Antelope. It's not stated for the SVV investee companies. And many of the exciting recent opportunities (Pluto, Low6 etc) where a percentage was either stated or could be easily calculated have done several funding rounds in fairly quick succession with the intention of floating fairly soon. So if you want to do detailed research there isn't one easy source I'm afraid. A good starting point is the Mirabaud note on the Pires website in the Analyst Coverage & Research part of the Investors section, but that's now fairly out of date. The team at Mirabaud moved and I'm hoping they'll update the note in their new place fairly soon. Plus results to 31 December 2020 are due by the end of April, there should be a decent update then. I'm optimistic we'll be over 20p at that point.
Could someone please direct me to where Pires' percentage holdings in investee companies are stated? I can't find them.