Cleantech Lithium Share Price (CTL)

Looks like it’s setting up a decent base to finally put the last 6 months of nonsense behind us.

"sewn up" - yes - I recollect comments going back into last year when ASX was originally programmed for September ish that getting the required number of shareholders was a done-deal. Events since then are likely to make their listing a very lively one - am looking forward to price action on launch. Very little day 1 liquidity given the size of the issue being made there. It'll be interesting to see how the two markets talk to one another, I imagine it could be a lively share in terms of converting across to the Aus listing.

Yes - will be a capital raise, dilution should be minimal, the Board is currently operating to protect the current shareholder base and the funds raised previously, i see no reason why they would go against that an unnecessarily dilute existing holders.

We need to remember that 30% of all existing shareholders are Australian - 200 may sound alot, but it could be that we need only 50 more for example.

63 brokers to speak to

170 institutions can be opened up, i would expect Canaccord and Fox Davies have this 200 number already pretty well sown up.

Yes - new issue cap - uk can participate but it’s tiny - enough to satisfy exchange listing requirements (200 local shareholders) - probably all of a few million aus all in - they wouldn’t want to over issue down here….

Can someone please kindly refresh my memory on the ASX listing? - is this going to be a new issue of shares on the Aussie exchange, and therefore incremental cash to the company but dilutive to the UK investors? If so, and assuming efficient markets theory (LSE - LMAO!) - presumably this is already somewhat baked into the current share price?