Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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So the sellers were out in force yesterday;
Sold Value £5,490
Bought Value £1,514
On what was supposed to be the most auspicious day for SGI in a long time!
In the spirit of hope, maybe today might be better....
"What it is instead, is a public proclamation that SG is worth investing in" why have they transferred out and sold it in an IPO if that's case? If it's worth investing in....why sell it?
"It’s also good news as SG will be gaining part of Showpiece and/or Rawnet for free" oh drea, we covered this so many times! Can you provide the party related statement that says that's happening? You couldn't last time.....it just say it's possible in the future, that "possible" statement was delivered just before SGI released those terrible numbers. You remember the 4.5 million loss and decline in turnover again...the one's you don't like to talk about ;)
"have got to have a positive effect on the share price." Yes we know you are underwater because of that lack of DD and need a positive effect on the share price!
"In other words, it is investing in the debt and supply of stock including the BG Magenta loan. It is a strategy which will earn Castlenau interest payments." yeah, I think you are right Carpe, the debt is the significant thing here and Phoenix's ability to lever the debt and goodwill. Neither need an improvement in SGI's earning to create a return for them, so they don't need an increase in the sp to make money. It's only Pearls that's desperate for that LOL
Incorrect, Carp.
It’s not investing in the debt, at all. It’s been allocated part of SG’s equity, but the debt remains owed to Phoenix. What it is instead, is a public proclamation that SG is worth investing in. It publicly forms part of an investment portfolio that Castelnau will now promote to everyone which must in due course be good news for SG.
It’s also good news as SG will be gaining part of Showpiece and/or Rawnet for free.
As I repeatedly say, at some stage these positive developments have got to have a positive effect on the share price.
Not quite Pearls, it is going to hold 31% of Phoenix SG Ltd which holds 58% of SGI.
In other words, it is investing in the debt and supply of stock including the BG Magenta loan. It is a strategy which will earn Castlenau interest payments.
I suppose it is a thumbs up for SGI being able to continue to make loan repayments, but I am doubtful they see SGI as anything other than a cash cow.
IPO starts trading tomorrow morning from 8am.
Should be positive news for SGI as Castelnau is very publicly investing in SGI.