Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Christo it is a book.
Told us it was coming but gut feeling ..not good
Will finish reading it sunday evening
*******s
Short version - Judas has received his bag of silver and hopped off into the sunset. Company has been pilferaged by the BOD to a tune of 139% share dilution. They’ve known about this scheme since last year and let shareholders continue investing, oblivious to their devious plan. Final chapter sees the introduction of new Kings to reign over the lands, yet reads hostile takeover to the mortal loyal peasants. The end.
I've read shorter novels than that RNS!!
Makes the Gettysburg Address seem like a short kids nursery rhyme!
No idea if it's content will be good or bad news to the SP as I fell back to sleep after chapter 36!!
Mugs share this one....
PURCHASED ANOTHER 11K TODAY. NOT FOR THE FIRST TIME REGISTERED AS A SELL ??
Bit of a carry on this now tbh. Another 7 weeks to wait for maybe nothing at all
Not sure what's causing the delay here but maybe they want to disclose the results and new investment at the same time at the end of March. Certainly I think the potential investor has had plenty of time to make a decision. I don't understand why they embarked on this sale exercise as they could've funded their growth plans by simply taking a 25% deposit on the signing of all the new contracts they've won in the last year or so and this would surely have sufficed. Interesting to see that most of the BOD took shares at 45p in the placing last March so they'll also be sitting on losses. Hopefully they'll see sense come the end of March and disclose that the talks have come to nothing and that the business is to be funded as I suggest re changing the terms of sale. Anyway GLA- we're all going to have to remain patient!
Could they just want to delist?
54-13p means a lot of ppl sitting on a loss here they need to stop this foolishness and inform shareholders exactly whats going on.
Who's this exclusivity period with? what exactly do they want from the company?
9p per share is too good a bargain
They're making money in a now needed solid sector..administrators will have to look elsewhere
Speechless
wtf
Why would an investor plough money into this at this stage?
Wait 6 months and buy is off administrators for loose change...
Y/E 9/22 A/Cs not due out until 31/3, according to Tekmar website
Well they have to say something nextt week..
No chance of final results Monday. My bad as Year end 21 was 18 months.. GLA.
Thanks very much Sebo. Makes sense now
They invest in exchange for part ownership. If the share price was 9p and the company is valued at £9. Then 90p will buy me a tenth of the business. Either this or a converible loan or warrant.
Morning Tiger,
Would be very bullish if they did go down that route on Monday! Tip had some great posts on telegram with contract wins and values over the past year. It looks very good. Possible hangover still from covid? I hope not.
Views on when the final results should be published? 25 Feb last year.
Investment deal agreed, final results and ambitious growth plan altogether on Monday would be nice.. :-)
Morning,
One question I do have is. If the investment is not for the companies shares but would represent new capital investment at or around the current sp back then 9p.
If they can’t come in for shares how does the 9p come into it?
Genuine question bit lost on that part
If the deal goes through at 9p or under then the share price will probably drop to reflect this valuation. I don't see the deal producing an increase in the short term. There are FSPs that cause the sp to increase as people pile in, check out Renishaw plc. But, in this case the market decided to bail and crash the share price as soon as the FSP was announced. I agree that if the deal is canned then sp will recover quickly. I see that some have confidence either way.
Trouble is we keep getting these Form 8.5 RNS's.
Don't know what to make of them tbh.
Never see them anywhere else.
I se the RNS alert and get all kinda of nervous
All the best to everyone for Monday. Reading the RNS for the 20th time and I can only see two very positive outcomes here.
1. The exclusivity period relates only to alternate debt or equity financing proposals. The proposal being considered represents a strategic investment from a global institutional investor in the energy sector, which would provide funding for the Company to follow an ambitious plan for growth, both organically and by acquisition
2. The company is very confident it can grow without the above. And in my mind this means very happy with the company going forward and the amount of contracts being won.
Either way two very positive outcomes. There’s a gap up to fill all the way to 40p! I’m very confident. The company is in a lot stronger position now than it was last year.
GLA
News on a Friday? normally not favoured so could be into next week now.
Sometimes a good talk through good and bad can help everyone, even the diehard LTHs. The market is not seeing the potential here short term at least. This is clear to me.
If you’re asking others for advice on those things, perhaps this isn’t the share for you… DYOR.