Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
You answer your own question Quady.
Lack of volume makes it easier to manipulate.
Its nothing to do with wider market(although that has affected us too).
Not sure why your so defensive on this and the idea someone may want to keep the price down on solg.
As I posted yesterday , if there is no manipulation what are the autobot doing? Open your eyes .
Smickster how can we have manipulation.
Are you saying every share in the FTSE 100 and FTSE 250 are manipulated. As they also have nearly all dropped.
We don't even get 0.5 of market capitalisation traded on a daily basis.
It's volume not manipulation.
When we get over 10 million shares traded at least on a daily basis, then if no share rise you may have a point.
But at these levels no way.
BR clearly didn't expect the Mitsui or CGP news. Whoops! That's going to cost them as looks like the normal instrument they use is to loan stock out eg shorting. They might have added a further amount on the 7th too as won't need to declare until 4% broken. They usually have. play around in the 4% to 5.5% level.
Let's see...
It doesn't go up as quick as it comes down though does it.
A few months ago there was sustained buying and we all saw this in the form of after hours buys and yet it creeper up.
Last week in 1 day with saw minimal sells wipe out a 20%.
I'm sorry I'm with Fort in this one......blatant manipulation
No ColonelDrake it wasn't black rock it was really poor volume. At some point black rock will be above 5% again. So will you still say black rock have been manipulating the share price even if we don't go up.
I suspect so.
So it was blackrock that was keeping the price at around 16p on the 5th/6th October. Looks more like their usual 'instrument' trading so basically capping price and preventing a rise. Unfortunately for them, Mitsui potential news broke after their trading late on the 6th and then house we had the news that Blackrock were not expecting... CGP deal on the 7th. So might explain the slap down from 22p to 17p as Blackrock try and regain some control. Looks like even Blackrock got it wrong. Could be a strong turn around should buyers give them trouble and there's loads of reason to be a buyer now and les reasons to be a seller at these low levels. Overall, it's minor.
Quite right, Quady. We could have predicted MRs response as he doesn't really understand much about this share.
It's meaningless it's just normal trades.
Smoking gun.
Not good
slip below 5% again.
Bozi,
Recent history says Bhp can be humbled.
I don't think the Ecuadorians will be in the least bit interested in where the investment money comes from.
They are not custodians of western interest in metals or rare earths.
They are an emerging economy and like all others will not turn down chinese money. I think some are over thinking this.
What we don't know yet but should find out soon, is what the Japanese are planning.
The tumult and the shouting dies
The sellers and the scared depart
Still stands thine ancient long term prize
A Solg bid from a contrite heart
BHP might buy us yet
Lest we forget
Lest we forget.
Just a take on Kipling* for a Sunday night.
*The poet, not the guy with the exceedingly good cakes.
What exactly is the point on the FCA ? If that isn't market manipulation before ones very eyes , I don't know what is.
Absolute farce they are , but hey , we pay for them as taxpayers so who cares?
One thing worth noting is the clear and present relationship between Mitsui and BHP on a number of projects. I guess out of all the companies out there like Wyloo, Fortescue, Barrick, Lundin, solaris and so on.... Mitsui might not be that bad at all. Not ideal for BHP but better than having any of the other lot involved.
So perhaps there's some 'stroking' going on as well as a few jabs and the recent CGP upper cut.
If you want top dollar, then you want an auction so important to not send all the big players packing too early in the game.
Someone very clever is behind this. If it's Citi... then about time they earned their fees.
Bozi yes that's what I think about Chinese that's why matsui are on the ball here (Japanese), head off the mineral hungry Chinese clever move imho ,we may indeed see more news soon imho ,agree novice here's to a good couple of weeks
Here’s looking forward to a positive week and further few months looking like the moons are finally aligning for us. heaven knows many of us have been locked and loaded for years !
ONWARDS AND UPWARDS!!!
They'd be on a very short list CovGaz but you've got to consider the political narrative. Does Ecuador want the big business of it's next generation going into Chinese hands given the strength of it's economy and obligations to the IMF?
I suspect there's a reason Valuestone were kept to the single subscription.
China is also fighting it's own battle over rare earths. Not one for me to expand on here but if you have a read of what's going on in Myanmar and the emergence of Western alternatives you'll see how the West is starting to stand on it's own two feet.
I think the Chinese state could Bozi , or the japs for that matter
How many do you think could beat BHP in a gunfight, Smickster?
In the next 12 weeks they'll probably make $15bn FCF and have replenished the coffers from Oz. Not many can compete with that.
So, yes if BHP pass us up. Otherwise, probably not
SolGold are in one sense to making the purchase easier for them.
And anyone else that could be lurking.
Fort - they stitched themselves up over GGP. They had an option over 5% of Havieron based on the value from the PFS and they instead opted to try and squeeze GGP.
Meanwhile Shaun Day was building a BoD and securing a financing that would give GGP independence and cut the reliance that both them and SOLG have had towards strategic investors.
SolGold's medium term share price will be dictated by whether our board, initially the current one and then the enlarged one, can make the same step. If we do then NCMs significance in the story will start to fall away. They'll just be another investor.
But as you quite rightly say, NCM are after the best exit they can get. That's all they've been after since BHP entered the fray. However, that doesn't mean they can't be commandeered. That's something our management will need to keep half an eye on.
As for Blackrock... they're probably-actually they're undoubtedly less influential here than Berry. Their holding will be split between numerous funds and we'll see their stake adjust both ways as those funds trade around.
In a sense I agree that together with CGP we're stronger. That's hard to argue against, but whether it forces BHP into any knee-jerk decision I'm not convinced. It probably means they can stand down from their beds for now, concentrate on getting Oz over the line and integrated with their business and just keep an ear to the ground at Citi's offices to see what progress SOLG are making on the strategic review. There's certainly no pressing need for them to jump into action and they'll know that. SolGold are in one sense to making the purchase easier for them.