Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Grappa how do you know this is the only offer ?
Stock market is the same as any trade. Theres asking price and how much people are willing to pay. If it was worth 6, 7, 8p a share somebody would have come in and the BOD would have considered. The simple facts are nobody did. 5.5p is better than administration and 0.0001 per share.
How do you think it’s fair , how did you calculate the offer price?
Grappa. I don't blame them. It was My investment.. I had chance to sell out a few times and buy back in over the years. For a company to invest in.. Sirius seemed to be ethical re environment, local issues and charities.. plus jobs and a product that the world would need! if there was a basis to invest in a company then Sirius ticked every box!! My worry is that if you can't trust companies like this for a pension portfolio, then investing in new companies in the UK is dead!! Shorting of a stock is one of the most diabolical strategies and goes against the word investing in a company for growth as opposed to decline!!!! This is where the private investor gets done by the sharks!! I do think shorting helped destroy sirius also but that's another story!! When large institutions bet on your stock falling your screwed!!
I sold my last stocks in sxx on Tuesday. I would vote take the offer as it's very fair and more than reasonable for where the company is now and how much money and resources AA will have to pump into it.
If people have an interest take the money and buy AA shares. Alternatively close the sorry chapter and forget the project.
Grappa how will you be voting, yes or no ?
Good points theworldisenough. It wasn't for lack of trying and the blaming of the BOD for everything isn't fair.
Grappa.. didn't fall at the first tbf.. far from it!! Planning permission in a national park, raise after raise!! This was a well run filly! Her downfall was to much expectation at 100 - 1 never a 200 -1 to shot!!
It's a risk we take. Not the BOD fault. We decided to back a 200/1 shot in the Grand National and it fell at the first fence. Maybe worth £1 bet but not £10k bet. Blaming the board doesn't change things and not healthy to chase. We have to park it and move on. Maybe even mothballing the SXX board for closure.
For me I finally sold out last week... 5.5p!! I bought in at around this price years ago and averaged up and then down as the project grew!! As I have mentioned before I could have traded this share over the last 8 years or so and made a fortune.. the price wildly dropped and rose violently!! A traders dream.. my idea was to invest into the project long term for potential pension with dividends on a producing mine! To Provide jobs into an area that needs investment and I am fairly local to the area within 50 miles! Bought in to last raise with promise from the board that they were working to get the funding!!! The news that AAL were offering to buy the company for peanuts was a blow!! I kicked myself.. could have sold out a few years ago for a good return!! So who's fault!! Probably mine tbf!! Fraser has let us all down but he is just doing what he has to do to get his project to completion!! He has massively f**"ed up in his main skill and may keep his job for a while but in this industry I think he will be finished but will be able to retire comfortably.. on the other hand did he use the local interest to push through planning!! Maybe savvier then we thought!! Anyway as to this share soc.. good luck. I hope you get some closure! For me I think the investing world has potentially lost a decent quantity of people who will now never invest in stock!! A shame as UK business needs this to grow!! The lies and deceit of this stock go deep I'm sure.. but for me I know the risk and as they always say you can lose more than you invest!! Good night! In future keep your cash where you can see it!!