Cleantech Lithium Share Price (CTL)

Hopefully we should see us getting into the 20p range on the back of this, lots of news in the pipeline, we are seeing a nice steady increase in the share price as new investors start to take positions.

It is very positive that they have obtained unsecured finance to commence the payments on the licenses:

“ Steve Kesler, Chairman and Interim Chief Executive Officer, CleanTech Lithium PLC, said:

"Acquiring the 23 Laguna Verde licences under new commercial arrangements, so the Company has full ownership as well as control, is a prudent decision, which will support potential long-term returns to investors. The Company has also been advised that gaining full ownership of the licences will clear the path for the dual-listing on the ASX. While the timing of this decision has been driven by the ASX listing requirements, it was always planned to make these changes for commercial reasons and to provide our shareholders and potential strategic parties with clarity on the ownership position and amounts payable over time. The Board is pleased to have reached agreement with the Vendors on this matter and thanks them for their flexibility over the course of the past few months.

"Having been offered attractive terms by a third party to fund the first staged payment through a convertible loan facility, the Board felt it was prudent to take up this offer, allowing us to continue to focus our existing resources on our ongoing and planned work programmes. We are grateful to the new convertible loan note holder who has demonstrated real confidence in our plans.

"I would also like to recognise and thank our previous CEO, Aldo Boitano, for his crucial role in bringing both these agreements to a successful conclusion.

"Now that these changes have been made, we will look to dual-list on the ASX, with the relevant documentation on this now being under way. We will update our shareholders on this in due course when the application has been made."

Australian listing requirements are stricter than most involving extensive due diligence. The fact that the Australians require todays action to secure the listing is a big positive for me as is the fact that CTL have been able to obtain the finance to comply.

Just in case the pinned post dissappears :-)

https://www.lse.co.uk/media/CTL/gordon-stein-cfo-of-cleantech-lithium-explains-why-ctl-acquired-the-23-laguna-verde-licenses-5zszwsvx89vsnzd.html

Yes and if you look at every presentation there has always been a caveat about the option agreement. On the few times it's been spoken off / ghosted over its always been a bit of a meh... now dispensed with. No such other caveat has been spoken off wrt FB - the other two greenfields are altogether different animals. To my mind it's spring cleaning and I am glad of it - perhaps the holder was pushed along by the national lithium strategy - saw little more upside and so made for the table.

It's all available to view online in black and white, if memory serves me right it is all in the IPO documents