Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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When all this occurred before pmo notified the market on the position of the debt and they were proved to be validated. This article is yet another attempt to sow doubt.
These were supposed sales of the debt last month. In The trading telecon Tony said that 73% of total debt was irrevocably onside with the restructuring. 8% of the remainder was retail. last weeks rns stated that 75.15% were now onside..Of course ARCM are miffed, 10s of millions at stake so trying to the beat their chests and shake the tree.....time to reach for the Canestan
I did mention Libya unrest in my ramblings last week. Cold spell should also shift prompt gas prices but going forward the LNG oversupply issue rumbles on until the developing world earns itself off coal
They will be increasing their debt ownership, that is without doubt. However, the crux is twofold:
1. How much money do they have / can they borrow in order to buy the debt (this isn't the 'cheap' debt which they originally purchased and have made a killing on)?
2. There are many other vested institutions which will be interested in buying purely based on the interest / coupon value alone. This will limit ARCM purchases, but it's a guess by how much.
As ever, one takes a gamble - if PMO pull this off, the SP could dramatically change for the better; if ARCM are successful, then ...! That's the part that each one of us PIs have to calculate.
I'm sure everyone will, but read all the posts on here and other boards and don't just disregard the 'negative' posters. I have a positive view, but doesn't mean that, ultimately, it will be well founded and correct. It's going to be a battle and that is certain. ARCM won't lose, either way, in all of this - just one option / outcome makes them even more money.
We can be almost certain of one thing however, that is ARCM are about as likely to declare any reduction in their short as they were to declare their increase(s). No doubt, any FCA action will be far too late to be of any use ...even if it were properly punitive.
GLA.
what happens if arcm buy debt from others therefore increasing there debt to stop the deal by having the percentage to do so