Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Q not looking for a quarrel it’s just what I believe…. Answer me this why would Blackrock consistently back BHP knowing they do not represent the best returns for shareholders…. Surely they want a decent return.
You need to read the announcement carefully. Nobody bought more DGR shares.
Then show the evidence DBW how are they manipulating this share.
You can't because they are not.
Lastly how on earth do you manipulate a share price with such low volume.
Show the evidence.
“ While there is no suggestion of collusion, BHP, Newcrest and the funds management giants BlackRock and Norges Bank are perceived by most observers to vote the same way on most matters at SolGold. Collectively, those four owned about 36.5 per cent of SolGold shares before the merger with Cornerstone”
Why would Blackrock vote with BHP if they wanted the best return on their money ….. it’s fairly obvious to me they’ve been complicit in share price manipulation for some time.
Black rock not black road, somehow autocorrect. Thought I turned it off.
Again ColonelDrake doesn't understand what black rock is or how it works.
Produce the evidence this share is being manipulated.
You can't because it isn't.
We just have lack of volume.
Black road is a fund manager and has a fund or funds that contain Solgold in them.
So when units are bought or sold, then Solgold shares are bought and sold at the same time along with all the other company shares in that particular fund or funds.
This is not rocket science.
The lack of the little red dot disappoints
I guess every buy requires a seller
Makes sense but those late 1m’s look like buys based on prices quoted during the day
As some will recall, in or around the potential RI discussions this summer, Norges and Blackrock were buying furiously. They might have even been closing out their loan stock/shorts. But the point to remember is this, before they began their buying, the book was being capped and held at 26p levels. Then as if by magic the sp got a jog on to test 35p. It was then followed by Blackrock TR1 showing they were up to 5.7% after being nearer 4.5%. 1% in SOLG is almost 24m shares. Play with that kind of volume on daily basis (not all of it) and you can control price with ease.
Implied by the CGP boys... Blackrock are indeed on BHP's side as I thought.
So here we are stuck at 18p levels (half the summer price) and for what reason?? What's changed since 35p levels? Asset wise nothing. Blackrock holding wise.... they are back down into the 4% range.
So don't be surprised to see SOLG travel back to mid 30's in near future whether on rumours or just Blackrock and Norges buying... as by example and proven before, 35p is roughly where SOLG ends up when not being controlled or played around with. From there, bids near 70p+ will look less embarrassing for BHP compared to a 70p bid from 18p levels.
There's absolutely no reason why SOLG should be sub 20p never mind sub 30p. The broader market has almost returned to highs give or take 10%.
They can't cap the price forever... it's becoming more risky for them. Let's see if we get another 1m block trade after close which I believe is Blackrock unwinding their instruments!
mister, it is a puzzling question, but my view is that given the board knew a change of direction was about to happen, they didn't want further dilution and only saw the royalty deal as a short term fix to plug the cash flow situation.
Obviously, in any subsequent deal a buyer will take note of the arrangement and will reduce the price accordingly, but I'm guessing our lads believe that will be less painful for shareholders than issuing a load of new shares.
The people behind the royalty have a direct interest in Solgold via a large holding in CGP ….. it’s stabilises the price and eases pressure at the AGM whilst sticking two fingers up at certain shareholders who thought we were backed into a corner…. Let’s see if and where these shares are placed
Dbw yes good point let's see what happens
DBW, I am not sure a deal is in mind - else why sell a royalty last week?
Morning addicknt, yes I do believe Solgold when they say we had a billion lined up. As this could have been offtake or royalty agreements. It's not something a company says if it's a lie.
Yes the company is changing its position and I am changing mine along with it, as I look at facts and follow the evidence chain.
I haven't seen anything that indicates a sale of Alpala or Solgold as a whole.
So looks like we are going to production as a JV at the moment.
Financially I’m guessing it makes (tax) sense to sell the whole lot, but an immediate deal from something Mather led to pick up certain licenses would mean most got what they wanted.
Add …. For Sangha to come out and be so brazenly ****y he must have a deal in mind for at least Cascabel…. Which could in turn flush out another …then who knows
Addicknt yes am Canadian we stick together this will go soon and to the benefit of all shareholders like NM always said
DBW, I think that makes a great deal of sense. NM's silence at the moment is very interesting and one can only assume he's happy with the direction of travel.
Dbw hope not,lol!!:)
Morning Add …. Re your earlier post I can’t help thinking DGR may have a part to play here even after a takeover. I can see them used as a vehicle to hoover up some of the unwanted licenses from the new buyer ….. maybe even prearranged? Nick would know which ones he wants …. Then we can all embark on another 10 year odyssey lol
Q, that is true, but is it really likely? As for the 'go it alone' argument and all the stuff about how easy it would be to fund the development with minimal dilution - I take it you now realise it was never deliverable?
Did anyone really believe the company when it said it had $1bn already committed?
I'm afraid to say you're fighting a rearguard action at the moment, and I assume you understand just how much has changed in recent weeks?
It seems we are now being led by people who have the best interests of small shareholders in mind - and I'm guessing that should make you very happy?
Who knows where this will lead us, but the recognition of reality is the best thing that's happened for a very long time.
FTJNY I have read it.
Read the bit that says JV to production.
That’s remarkably ironic coming from someone who has repeatedly and doggedly claimed that Solg were ( or are) going to production! Think you need to re-read the article Q as Sangha makes it very clear that all the bluster of going to production is exactly that - just bluster! You need to wake up and smell the roses lol
mister, at this stage I don't think they have anyone lined-up - although I'd love to be proved wrong. And if this flurry of pr is designed to poke BHP/NCM, so what? That's exactly what we want.
Thanks dbw, excellent read. Must admit to nearly p*ss*ng myself at the "smart Sandeep" comment!!!!!!!!