Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Red, so can we disregard that previous joke about £50m buys? Thought it was serious for a second, sorry!
Oh dear oh dear, the lesser spotted gobsh-y-t-e is once again in desperate need of affirmation and praise for always being right and everyone else being wrong!!
All hail the great oracle Quadyus Productionus!
I think I'd rather see the victory of pizzazz over system.
The "buyer for every seller" line is another misnoma, Red.
It's peddled by boiler room rampers to make people who are holding a sinking stock feel better.
If me or you sell SOLG shares tomorrow who buys the stock? The market makers. Those brokers with market desks that run the books of London listed stocks. Winterfloods, Canter Fitzgeralds, Berenberg, etc etc.
The buyer for every seller line suggests that market demand is always equal to market supply. That can't possibly be true at any point in time.
So, the market makers will have a float of SOLG that they'll be trading back into the market where demand allows. Sometimes they will trade that stock between themselves if one market maker is working an order from a particularly nominee (certain firms will only use certain market makers as per their own policy). Market makers are not subject to the same notification requirements that investors are - 3%, +1%.
The market makers having a growing float suggests there's a lack of buyers in the market and vice versa. In market conditions where there's healthy appetite on both sides the market makers likely won't keep much of a float, and in conditions where there's higher demand amongst buyers, they'll often be required to go fishing for stock by moving the price in one direction or the other (usually up).
Now, I won't ask you for your credentials because I know you worked for a broker, so I'm sure you know all that.
No OK Stack but all I've done is a calculation based on the average daily volume compared to the actual daily volume over the last few weeks...but actually if you look at the patter of lower volumes over the previous few months, it may well be more than that.
As someone once said...for every seller there is a buyer.
Cheers mate and welcome back.
I don't have access to that kind of information, Red. Do you? Because if not there is little point in speculating. Just as we don't know who has sold the many millions of shares that have sold in the last few months, either.
I don't have access to that kind of information, Red. Do you? Because if not there is little point in speculating. Just as we don't know who has sold the many millions of shares that have sold in the last few months, either.
He's backpedalling to position himslef for when there's a takeover and he will say "I told you all along..."
Yes but who's been buying the extra £50m shares over te last four weeks stack...?
Quady , you need to own what you've said , full stop.
Q, a quick correction if I may.
I've not 'tried' to say that you've argued production is a certainty, I've said it definitively and without equivocation...for the simple reason you have...ad nauseum. It's only in recent months you've begun to back pedal.
Apologies dbw just reading up on HARL and my oil and gas ones ,quite a bit to take in there ,I would be very surprised if Q answer you lol!!:) Not long now imho
Lol Q it’s being sold …. If this happens will you be wrong?
A simple question even you should understand
Bubbles …. It’s coming home
Quady ,no I know nothing at all really totally clueless should give up trading and spot trading and crypto trading that I've been doing for last 25yrs and stick to fishing and gardening ,but there again we going to production aren't we?
DBW every time you come on here to talk about what I think.
You either get it wrong on purpose or misrepresent me.
People on here are allowed to change opinion as the facts and evidence changes.
I have always done that.
So, when you say I have not been constantly right then you are misrepresenting the facts.
I have been right up till now because every time someone like you says this will be sold, I have explained why it would not at that moment in time.
I have always said that given the facts and evidence that production is the most likely outcome.
Addicknt has tried to say I have said production was a certainty.
I have never said that.
I still believe we can bring this to production as I believe it is the most likely outcome.
However, when it was announced that we would be acquiring 100% of ENSA. I modified my view that a JV to bring us to production was the most likely outcome.
I know you find this hard to understand and I understand that you need to misrepresent me, so that your views hold water.
But that's your problem not mine.
Bozi it’s just opinion
Everything I have read and researched points me towards a full sale , whether it be the clear message that exploration is currently off the table , the involvement of M&A experts or the letting go of serious numbers of staff at all levels. This has a value and, although it might not be what we’d once hoped for, this will IMHO be sold soon …. If it is I hope we all make a few quid …. If it isn’t I’m wrong…. Simple
Bozi. I think it’s fair to assume If a Porvenir PEA showed anything close to an IRR of 30-35% on account of lower capex due to a much shallower deposit the PEA would not have been buried.. it would have been released ASAP.
I admit, I do like your suggestion and reasoning of the spin out, but from a purely selfish, personal position, I’d like a clean break as quickly as possible, even if it adds just a few extra pounds from the regionals now, rather than maybes down the road.
What ever the route to 40-50p in the near future gets my approval.
DBW - come on now. Don't be doubling down here.
People have asked you to justify your thinking behind a full sale. Forget who is going to be right and wrong, it doesn't matter as long as we all do well.
NewCo is merely the term I have used for the company that would be created were the spin out option to be pursued. Nothing more.
For what it's worth, I acknowledge there are pointers that you could say are suggestive of a sale, but the same pointers don't dispel the spin off option. The termination of the Head of HR for example and no intention to replace is suggestive that SolGold's days are severely numbered, but they're numbered in a regional spin off scenario too.
I think people would be more accepting of having a discussion about a sale of a small number of concise points were offered to give a basis, that's all.
Fort totally agree …. If you care then vote
Bozi ….. what Newco? I have been berated for calling a sell when there is no evidence….. where is this Newco ?
By the way the reason I treat Q with such disdain is that he has claimed to be the only one to call this right so far ….. when Solgold take this to production he will be right until then it’s simply ****** …. If it is JV’d he’ll retain a tiny bit of credibility due to his recent U turn …. And when it’s sold he will be proven completely wrong on all counts.
See you all tomorrow
Post the recent placing on Dec 9th and the merger dilution of Jan 9th, the following is roughly correct (not precise and in no order).
1. BHP 9.9%
2. NCM 9.9%
3. Norges 2.8%.
4. Blackrock 3.6%
Combined total (as an example = 26.2%
5. Tenstar 3.4%
6. DGR 6.5%
7. N Mather 2.8%
8. Jiangxi 4.9%
Combined total (as an example = 17.6%
CGP's previous 6.7% holding would be down to around 5% and held in treasury one assume.
Between these larger holders, there's just short of 45% accounted for. The rest is out there via pi's, fund managers, HNWI's and so on. So that paints a picture that is very tight imho.
But compared to last years AGM, there's some decent weight reduction from the rogues in the above tier.
Going to be tight. So get your votes in.
Lunchmoney ... (the master of precision) feel free to polish the above up!
Bubble I am convinced you don't understand trading. You certainly don't understand A trades and I haven't seen anything from you that says you understand how price movements happen.
You just repeat uninformed posts.
For reference on A trades, whenever I submit a trade it goes through as an A trade. My broker has DMA which probably explains this. I'm not building a stake for BHP in case your wondering;)
Bubble - A trades happen on any stock where an investor has set up an automated trading system.
Look at all the stocks with good liquidity. They all have A trades daily.
Are you of the view it is anything more than a coincidence?