Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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TYB, I agree that if Zen were to get Til II it would be a positive result. The problem is that the probability of it being awarded to them seems to me very low, given the level of competition (acknowledged by AC), the fact that ZEN have no funds to develop it or even to pay the likely fee, and have a track record of complete failure. Why would the Ministry choose Zen? Would you? I am interested to know what you think the probability is, that is surely a number you have plugged into your valuation model. In the meantime I suppose you are down approximately 50% on your investment, if valued at the placing price, so I can't imagine that you are too pleased about the latest placing yourself?
Ajbennet if you aren’t invested why do you spend your whole life on this forum? It doesn’t make sense. Are you that sad with no life that you spend hours a day bashing a stock you have no investment in? Pretty odd if you ask me. So tell me if tilapia comes in where do you see the share price going? I personally think will break 1p, and I guarantee you then you’ll be gone again, of course until the next small retrace. Sad guy
Invest - agreed really embarrassing watching ajbennet, fiah, and kels pretending they’re invested and looking for our best interest when they deramp this stock on a daily basis. If they were so concerned they would sell now and move on not wait for it to drop. Very sad to say the least. Once tilapia comes through they will disappear like a fart in the wind.
Lots of nonesense being spouted.....obviously from bitter investors who lost money here in the past....fact is the norweigans stumped up the cash because theyre confident in AC and Tilapia coming through. If it wasn't they simply wouldnt have invested.
I am expecting a significant price rise on the Tilapia news.
STRONG BUY
Surprised Tom Winnifrith isn’t all over this.
FV, the warrants issued on August 6 were attached, 1 for 2, to the shares issued at NOK 0.08, which means they are in the hands of the same 'investors' who bought the shares. If they were in the hands of the management that would require an RNS stating so, and the same restrictions re. closed period would apply in any case. If management are so keen to share the future success they have to wait until the end of the closed period, presumably when the results are released, before buying shares in the market at around NOK 0.04; they have no need to acquire the warrants from the other 'investors' and exercise them at NOK 0.15. It's a fair assumption that this batch of warrants will expire worthless, like all the other warrants issued before them.
Mngmt are prohibited from taking part in placings at the moment, but on August 6 (last placing) they also issued 45,000,000 warrants. This indicates that they 'can take part', but at a higher price.
Todays placing were at NOK 0.045 per common share, while last placing were at NOK 0.08 per common share.
However, the warrants they issued in August were at NOK 0.15
"Zenith has issued a total of 90,000,000 new Common Share units (“Units”). Each Unit comprises 1 Common Share and half a warrant. The Company therefore issued 90,000,000 new Common Shares in connection with the Financing and 45,000,000 Common Share purchase warrants (the “Warrants”) exercisable within 12 months at an exercise price of NOK 0.15."
https://newsweb.oslobors.no/message/510772
Well clearly Norwegians and are smart businessmen see zeniths potential invested further. IMHO this is a very positive signal for good things to come, hopefully from tilapia. Good weekend all
Ps in my view always be wary of tweets from Zen / AC / Cassiopeia. Usually means a raise is coming soon.
https://www.investegate.co.uk/zenith-energy-ltd/zen/completion-of-financing/202009251730052053A/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Zenith%20Energy%20Ltd%20Alert
Money secured
Zenith good to go