Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Whether JKO or any other potential bidder will be blocked could depend upon its approach: Aristocrat sought a Scheme of Arrangement, which required the approval of at least 75% in value of each class of shareholder voting on the resolution; the advantage for the bidder would have been that all shareholders would have been bound by the Scheme had the vote gone to plan; but of course it didn’t…on the other hand as party making a contractual offer to acquire all PTEC’s shares would simply need over 50% of the voting share capital to win control. Full ownership might well take longer to achieve by that route but if the bulk of those shares not held by TTB were acquired by the bidder it would effectively be mission accomplished
Did TTB ever have intention of bidding - or even actually have the funds lined up - I am not convinced. I think they were being opportunistic all along, and wanted the Tekkorp Caliente transaction to go through to derisk it at the least..in which case they would also be low balling like Aristocrat. They wasted everyone's time. How many of the Asian investors actually want to take this over vs how many want the status quo to continue - i.e services to unregulated Asian markets to continue. They could just as well block JKO as well. It's a complete mess in my view.
Fingers crossed and anything else i'm physically able to cross.
Sunday Times reports JKO to be considering a bid again. Never a dull moment with this stock!
I agree, the business has potential and not least because of its increasing importance in the South American and USA markets. Of course very very disappointed not to say poorer by the bid not materialising - but interesting they talk about supporting value for shareholders. Maybe some piecemeal sell off rather than the whole shebang will follow.
Who knows because I obviously don't!
Apologies: the BlackRock disposal was yesterday (after the bombshell!) and the relevant RNS was posted of course today.
Without wanting to incite a stampede of reckless topping up, I would point out that yesterday only BlackRock posted an RNS:it sold about 1% of its holding. I for one am inclined to hang on for developments - we can’t be alone in seeing the great long term value @ £8+ !.
I wonder what will happen when US opens any minute now
The market not seeing the silver lining today. I am tempted but not until the trend is up rather than down.
Here we go again...
1. We have a CEO who is more loyal to one shareholder (TTB) than to the company, but does not resign.
2. We have a shareholder that exclusively knows 100% about the company plans, insider information, etc. but is not restricted in trading in any way.
GLA
Financial buyers are not as incentivized to think LT. Why buy when u can just walk and figure stuff out later? But business is very cheap now based on guidance and the blockers of aris bid still own stock at much higher prices.
It will be interesting to see how share trading volumes respond to this in the near term as the big holders decide whether to keep the faith, given the positivity of the BOD.
As I suspected, no bid. But a silver lining of sorts, £200m+ adjusted EBITDA for H1, any bid could likely have undervalued this IMO. Time to ride out the short term storm and keep eyes on the long term prize.
Yeah, but that was yesterday's reported position, I think given the drop today someone was selling again, so will be very interested to see Odey position update tomorrow. If he is jumping ship before Friday, is it cold feet or something else? I think given the way the last deadline came and passed, given there has been no bid yet in the extension period, I do not hold out much hope anymore tbh.
Odey has (as of yesterday at least!) retained much the greater part of its holding and the same goes for all the big boys: we’re all in this together!! GLA.
Seems like a leaky ship, Odey selling out, hope everyone is playing by the rules
Deadline is fast approaching, do we think a bid will come in? Market seems to think not...
A small article on Playtech, given a long recommendation, 800p, DYOR:
https://www.smartkarma.com/home/daily-briefs/tmt-socar-inc-playtech-plc-sensetime-group-and-more/
So another delay - however there is clearly now a deal to be made, else they would have walked today. It would seem logical that they are waiting for something in order to make the bid..as it would not take this long to negotiate a price normally. My guess is they are waiting for the Caliente SPAC deal to go through, waiting to get confirm what % of shares can remain listed or waiting to hear if they will retain licenses to operate in US under new control- I think they are waiting on something that is out of their hands, but that a deal is on the table. Finalto sale could have been one hurdle that is now cleared. I feel the month extension can only be viewed as the required time to get the bid finalised given whatever issue remains.
Any shareholders living close to Holborn might consider attending the AGM on 30/6 and asking some pointed questions about the glacial progress of these negotiations!
Best of luck to all holders tomorrow, remember the long term value here is far above current SP, so any dips could be an opportunity.
Gopher and TTB Partners being affiliated, it would be unsurprising if the latter had to be satisfied that the former had Finalto absolutely in the bag before agreeing terms for the rest of PTEC. We’ll know soon enough….
As per this morning's RNS, sale of Finalto to Gopher has regulatory approval. Clearing the way for the TTB bid perhaps? We shall see. But the proceeds of £205m will reduce net debt significantly, so good news.
If it were to tank next week, the temptation to average down would be irresistible!! GLA.