Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Let's see what US trading brings. Might be an upturn....
The next rns will be interesting to see if an offer comes in which I suspect at multiples from here and whether they suspend it pending a shareholder vote?
As our near neighbours AZ are around the corner and have plenty of coin it wouldn't surprise me if it was them?
Anyway have to be in it to win it at the end of the day...
Hopefully. I've been following some of the US chatboards on this and posters generally seem to think the chart still looks very good, despite the pullback.
We’ve had 4 days of pure manipulation since the announcement and endless pullbacks to fill clear buy orders as we’ve seen printed. With such a tiny free float it’s inevitable but the shake out must be coming to an end as any minded sellers now have sold up and anyone left now, is holding tighter for the offer and looking to buy more! IMHO DYOR
"I must say, it's extremely curious how they got an unsolicited offer just before they ran out of cash".
IMO it is a good time to make an offer as it will not be high ball but enough to interest, here is the offer or do you want to go down the new equity route.
I admit I think they will struggle in 2024 to turn a profit and the report shows this, so for me it is worth a punt that they might sell to deeper pockets if the price is right
https://renalytix.com/renalytix-reports-financial-results-for-second-quarter-of-fiscal-year-2024/
RENX will be talking to the main shareholders. What would they accept, the people who own a 10% chunk? 8op minimum? 120p minimum or 150p minimum, for example?
Obviously if they think the best offer is too low, they'll be looking at securing some kind of fundraise. Given there's an offer in the background to me it would be logical if any fundraise was at market price rather than discounted.
I must say, it's extremely curious how they got an unsolicited offer just before they ran out of cash.
Maybe the company that made the offer is one of those fine upstanding companies oozing with a good Christian business ethics. It's so gracious of them to put themselves at a huge disadvantage by making an offer for a company that was weeks away from being stony broke. They could have waited a month until RENX was up for grabs for next to nothing but they went ahead and did them what was moral and righteous. (For people who didn't quite pick up on it, I'm being sarcastic)
MAJ, ok, I get it the company has very little cash. But you're saying the firm has fabricated the whole thing and they don't even have an offer on the table. That's going a bit too far surely.
So four straight red days. Funny huh?
The company fluffs an expression of interest on Monday, causes a highly speculative spike in the share price. Also tells shareholders it is still trying to raise funds because they will run out of cash in April.
Share spikes on Monday. Fictional speculation ensues, kindergarten level speculators run riot predicting a 70p close every day.
The share then falls every single day for the rest of the week. Some Tricky folk think something has leaked when the share momentarily bounces a few %.
Speculators make up random takeover links, Abbott being today's raffle ticket.
The number of noisy folk is vastly reducing, this is normal as the boiler room moves on to the next target.
Sensible prediction is still that this is 10p by the end of April
Did I miss anything?
It makes sense. The RNS did say big diagnostics company. There aren't that many of them. And bound to be a US firm isn't it.
Where have you seen/heard this?
Link?
Abbott Laboratories
Hope people have followed my switch idea . Sell RENX buy Atome 🤞
Be lucky 🍀
Mills aged 70.
Levangie 73.
The rest of the board is over 55, three are share holders another two have options and one has none.
https://app.boardroomalpha.com/profiles/companies/FJ7WCT41-RENALYTIX_PLC
Current cash runs out next month.
If the price is fair I think this will sell, pass it on to a company with deep pockets.
The broker says they'll get £2.00.
Assets of £2billion for investment. They also act for Rockwood Strategic plc who are based in the US. Assets of $39 billion under management.
Wonder if they are buying on behalf of the buyer? If not there's a leak surely?
Looking promising here now!
Massive Buy
Up!
Odd that it’s blue on sells
Hardwood capital 10%
Volume has fallen out of this now, price starting to settle on the waiting game for news.
I am hope this falls down to 20p over the next few sessions so I can top up and average down prior to news either way. This is win big or lose big on the outcome which should arrive in the next 4 or 5 weeks
Davey I’m not sure I will be taking any school lessons from you, especially as you struggle even with basic grammar! I think you’ll find opinions will vary on all stocks and the caveat is; it’s your choice, your investment, your trade. On the subject of SED somehow being used to discredit any opinion here, a totally different company and situation, I maintain that the risk versus the reward there was worth it. I’ve been doing this for many years successfully and made money on the exact same situations. Over at SED it’s not actually the end of the road as you well know! Feel free anyone at all to filter my posts including your good self Davey50! IMHO DYOR
I think the submission will take few weeks to review so don't think we’re going to get any news in the imminent future, just need to hold fire for the moment