Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Razz owns 58m shares
Which makes him a very ri h man on paper at least
I didn't realise he owned such a high %
So all Down to him I guess
Agreed, that is what he stated raising the circa £16m was for. Not sure it will go Trakm8's way for a number of reasons.
Bit like Newcastle everyone knows you are buying and want to buy
So prices rise
Yes it is an interesting problem for raz
Must be a level of pressure to deliver on a takeover as outlined I their ipo
Any sniff of an offer would see this lose its failure premium and jump to 35/40 p so Raza needs to negotiate a done deal imho
Yes not long now
The days and weeks fly by if they can confirm a profit that will be a start
But need to get the revenue well above 20m
We cannot be far off a TU (ok, probably usual jam tmorrow announcement)
Jw and jw jnr
Both on a decent number if they are through the German sausage
Most things in life come down to money.......
Would be great to see the monthly board meeting
Interesting to understand how the new sales guy us doing
I do not disagree with anything you said.....however, why do you think their is a delay. I would have thought it should have happened by now, or at least some marker rumours.
Dc2
I think my main point is that ml must surely consider trakm8 priority one
On the following :-
They own 20%
Trakm8 has 20m of revenue
Of which a good % is recurring
Lose the trakm8 bod and cut r and d through economy of scale and you have a very nice addition to ml
But would anyone else be interested????
Road pricing debate moving on nicely
Not a fan of a circa 50p buy out - you do make good points - obviously we all have no clue. At 50p we are looking at £25m market cap. They own 20% so could have it for circa £20m (they have they sort of money). However at 50p, I hope we just go for a recovery (unless that offer was here and now). I am probably just repeating what you are saying.....
Interesting comments in the ML update
Raised a lot of cash and yet to do anything with it
Talks about speaking to potential opportunities
Logically it must be trak
You own 20%
So in my view you either agree a price with jw say just over 50p in line with the broker
Or you go the hard way buy shares and table an offer at 30% + say around the 30p mark which jw likely to resist
The longer trakm8 survives the more likely it is to attra ct other investor interest.
In my view just when not if ......
*Looks like you were right about the Microlise valuation......almost back to the IPO price*
I believed this would happen once results fed through. The move away from 'risky' tech 'growth' shares doesn't help matters either, but the price was massively inflated due to the small free float and lack of hard numbers in the rearview mirror.
Poses a bit of a problem for them when it comes to acquisitions. They had some very expensive paper ..now they don't.
Shame for those sucked in at 225p the other day.
*I suspect, it is more likely that Trak has to meet some milestones for Raza to concede a good price to JW or JW has to accept less by missing them (if that makes sense) - they are still talking to potential targets (hopefully Trak is one of them).*
Good analysis.
Looks like you were right about the Microlise valuation......almost back to the IPO price
It is an interesting point you make, Raza has an inside track (no pun intended) to Trak and so you have to think he would be able to gauge a realistic take over value. If, as you wonder, they expected it to be cheaper then this does not bode well for us. I suspect, it is more likely that Trak has to meet some milestones for Raza to concede a good price to JW or JW has to accept less by missing them (if that makes sense) - they are still talking to potential targets (hopefully Trak is one of them).
Micro was overvalued and the results reflect this, in my opinion.
The drop is probably a bit inflated looking around the broader market / sell off of tech shares.
Re acquisitions they're taking their time. Hopefully they have an eye on trak; although, perhaps they expected it to be cheaper by now (price has held up well).
They are taking a bit of a hit today (and I guess has affected us)
Results in line and still looking for M&A opportunities