Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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55p by end of Wednesday at last!!! ONWARDS & UPWARDS
Speculation growing… DGR
https://hotcopper.com.au/threads/solgold.5904035/page-834?post_id=61683308
Thanks coldcut! Great find and thanks for sharing. Looking forward to finding out what this EGM will be all about.
Further to my last missive. They have given the "notice" of the meeting, when to they have to publish the "agenda'? 14 or 21 days? . In my experience they usually go hand in hand, but that was sometime ago. If it is a JV for casabel, surely they 'know' about it now, would they not have to have published this info? (beyond my knowledge).
Stuckey, my knowledge may be a bit out of date but wouldn't this qualify as a Class 1 transaction which would require shareholder approval? After all it's our main asset by a country mile.
I don't think we would NEED to, but it would be a vote of confidence in the board's decision, which would be sensible - depending upon the vote going their way
Stukey, that's what makes me feel this has something to do with Cascabel rather than a bid. We would need to vote on the disposal of our main asset.
I could be wrong but by the way the market has been trading last couple of weeks would suggest a major holdering before an offer but let's see gla
Quady ,if you look at other extraordinary calls for an AGM they not for a j/v or cash raise that can be done in a RNS to all shareholders so to call one can only be for an offer imho
I don't think you need an EGM for an incoming bid, as one votes to accept or decline the offer
If (I agree very unlikely) SOLG are proposing to bid for someone else , ie dilution I can see more reason for an EGM
I think if it is to be a JV for Cascabel , I can see more reason to do so.
For one of the smaller assets I think not.
Q, the company most certainly would require an egm for a bid. As for a jv, it would depend upon which asset was in play.
J/V.
I don't believe you require an EGM for a JV or bid.
More likely to be an issue to raise funds.
Solgers your onto it now I see ,well good luck everyone it's finally coming home !!!!:):)
Regardless of the reason for the EGM, surely this is going to get the SP back to 40p+?
If the release of the PFS got us to 41p, which let's face it was never going to be a value realisation event for any of us, since then we've had Thursdays great RNS and now this, fomo will take over and we're under starters orders to new recent highs surely?
Someone with £1m was confident things are heading in the right direction yesterday!
I've put the popcorn on the shopping list. Exciting times. ATB, C
so may be only the boring thing.
Almost certainly not the sale of the entire business.
When I said jv I meant a jv of the non-Cascabel assets.
Possibilities:
Major fund raise.
Sale of Cascabel.
JV involving Cascabel.
Sale of entire business.
Or, something really boring.
BTW, a jv would be unlikely to require a shareholder vote. This is something significant.
Quite right FTJNY. By definition we will be asked to vote on something outside of the course of usual business. Can't wait to see the agenda. Fascinating stuff.
Whatever it is its got my pulse racing a bit more than normal! No way do you call an EGM unless its to announce something of significance to shareholders! Ummm wonder what it might be?
Smells like JV proposal of some sort............
Very intrigued as to what business matters warrent calling an "Extraordinary General Meeting"?
Ayten Saridas arrives on the 27th June!
A SEDAR notice of this SOLG EGM has just been posted through the SOLG bulletin board on ceo.ca:
https://ceo.ca/content/sedar/SOLG-20220527-Notice-of-the-meeting-and-record-date-amended-English-8429.pdf
Perhaps I missed a previous announcement of this EGM (at which voters of record of May 19th will be eligible to vote) and if I did, I apologise for reposting old information. But if not, I cannot help but wonder what the extraordinary business might be ..............