Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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own = owner in court
(typo)
It could easily be really as simple as Odey are in a mess, with their own in court on sexual assault allegations, whilst the firm has just lost another court battle with the taxman over their creative tax avoidance/evasion, and having lost loads of money again in 2020 whilst everyone else does well. They managed around £10bn in 2015.....now down to £2bn.....woops. No surprise they're rebranding lots of their stuff as "Brook Asset Management" now on the sly.
Could simply be a case of needing to flog a few shares to book some profit and make themselves look better (or pay the court bills!). Ironically they've generally done better with natural resources than anything else it seems!
Yeah, I like situations where there's a seller (or sellers), pushing the SP down, it's what gets me in at prices I shouldn't be able to buy at. I often buy more, when I think the price is artificially low due to a seller, because when that handbrake-like pressure is removed, as you say, they often shoot upwards.
One day this will just shoot up. I'm sure in a year, this SP price will just be laughable.
They are digging loads of gold out of the ground and now making a great margin on sales.
It might not make sense in terms of value/fundamentals but a share price is rarely an accurate reflection of that.
The share price is a product of short term buying/selling!
Sometimes it's not even that and a share price can be moved down to fill large orders or offload big sells!
Over the longer term value will usually decide the range but this is weeks/months/years rather than hours/days.
After all, 31 million quid's worth of this was bought at 16.5p, and they could have sold a lot more, with it being over-subscribed. Those funds/insti's buying millions of pounds worth at that price did so expecting a considerably higher price in the future - and any Shanta/Tanz news in the interim has probably only increased the chances of that.
No it does not make sense at all being down at this level. We should get a quarterly report soon. All I can say is they have priced in some really poor news beforehand.
I've been looking through all the major shareholder updates on the website historically, and any TR-1s ,and the morningstar mess of data and one thing seems clear. It's all a bit of a mess. If the SHG website is correct (which I suspect it is) then Odey should have issued an RNS in the past few months saying they'd reduced.
If you look at the MorningStar data then the only ones with a meaningful amount of shares left on their Sellers list is River And Mercantile and there's a whole raft of funds/institutions on their list of buyers list.
Still not sure about this MorningStar data - it does seem to throw up lots of names you wouldn't otherwise find but again the numbers don't tally with the SHG website figures so who knows how accurate it is.
I think we're essentially seeing a changing of the guard in the background. Buyers won't want to bid up the price too much and pay more - and the sellers won't want to sell too fast and nobble the price they get. So it's just one of those waiting games that could conclude at any moment - the more demand the quicker any seller is cleared - and we've been seeing big blocks go through so the pace will be decent.
But the market says otherwise. I'm struggling to understand why we're at this price and wonder if anyone can offer any thoughts, am I right or have I just got this one wrong? I was a bit peeved with Eric's and the FD's recent share sales but I don't think there was anything sinister in it and they've got to be able to sell sometime. We're pretty much debt free, moved to paying (albeit a small) dividend, have got lots of (hopefully positive) updates from WK to come etc, the hedge has gone and gold is looking reasonably stable at the moment with the potential to go up if inflation takes off. Yes, our areas of operation will always carry risks (political etc) but 13p, really?!