Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Of course there would be a difference. Cashing in on the potential of West Newton increasing the RBD share price will have largely gone. The potential huge rise in Corallian shares will still be to come.
"It's quite straightforward. Ask the Corallian shareholders whether they would be so keen to exchange their Corallian shares for Reabold shares after West Newton test results, considering the rate could reduce considerably from 474:1."
The value offered would be the same, just fewer shares issued by RBD, so no difference to Corallian holders, who to be frank had no other options for monetisation.
SM...No, but they should be in better position than we are, and have a better handle on how trust worthy the dynamic duo appear to them. The Truth factory should know; it depends I suppose also how close the members of Corallian are to the major players.
persimmon,
'they should know better than anyone the chance of success'
Would they know more than the Reabold directors how much it would be worth? Of course not. They'd have an idea, but they don't have the figures and facts RBD have.
Not withstanding the good price offered to share holders in C. If Victory was going to be such a huge success and they should know better than anyone the chance of success it seems odd that the offer was massively over subscribed. I would like to know how many wanted out totally.
It's quite straightforward. Ask the Corallian shareholders whether they would be so keen to exchange their Corallian shares for Reabold shares after West Newton test results, considering the rate could reduce considerably from 474:1.
McNimby
What did you mean by this statement then? " I expect it's because they wanted to ensure grabbing the extra stake in Corallian"
Why grab an extra stake now??
I'm simply flummoxed why they would do this now rather than wait a few weeks or a month?
By their own original business plan, they should not even exist now.
Buy struggling assets. move them along the curve, sell up. Rinse and repeat, close down company with distribution to share holders.
I, and many others liked the sound of that.
Still waiting.
RNS......re your final sentence. My own view is that they do not want too much 'news' entering the market in a small time frame, with much which could be described as undesirable for share holders. Like another placing; which is coming for sure, the only question is when and how much. It's all there in the accounts if one studies them carefully. £5M draw down probably up next, will it be at the same time as another placing and specific to one or more of Reabold's plays?
Hang on to your hats!
Well RNST. Another great FACT-based post from you. LOL
Firstly, I didn't say there was a risk of a takeover. Why did you make that up?
You appear to be suggesting they are either incompetent, or breaking the law. Grow some balls and say what you mean. You sound like that conspiracy theorist looney (nudge nudge wink wink) persimmon.
McNimby
I'm afraid what you just posted is nonsense:
Until Corallian have finished FEED and got OGA to give a contingent FDP then the value of Corallian won't change.
They already held 36% so there was no danger of a takeover.
The shareholders had nowhere to go.
So why did they do this at 474/share when if the WN test is finished (in a matter of weeks.months) and as they like to claim its the biggest onshore discover since 1973 they could buy Corallian shares at 237/share assuming RBD share price has doubled.
It makes no sense at all, and begs the question why have they done it... it simply led to a pile of new shares hitting the market ahead of the test... How can you claim that Victory has upside that is bigger than WN??? that's simply nonsense...
There's a reason and they're not telling anyone...
There will be a good reason CB. I expect it's because they wanted to ensure grabbing the extra stake in Corallian at an exchange of 474 x RBD @ 0.675p to 1 x Corallian @ £3.20. They clearly see the upside of Corallian at £3.20 is more than the upside in RBD @ 0.675p. With so much potential with West Newton, I see it that the company have even higher expectations for Corallian following an IPO or RTO.
Can only hope so. Just can't understand why they didn't wait a few weeks.