Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
hardly surprising ... the company issues 23,924,502 shares to 'investment company' at 4.9p and HK trading opens at 10p spiking to 13.5p.
Nice work if you can get it.
So as far as I know this BB / message board should remain here on LSE however after sometime (not sure how long) it will appear to have gone as it may not show up in your 'watchlist' etc. and won't auto show up when searched for etc ... however if you type CNEL into the search box and then click the search button (magnifying glass icon) it will still go to the CNEL page where you can click on chat and access the BB.
GL all... see you in HK.
yes... I think that ii just needed to be more clear about the mention of CPM accounts in the notice and whet they were etc... probably would've saved them a lot of messages to reply to asking.
no worries ManU ... GL
As far as I understand ... if you don't have an old CPM account (which is unlikely or you would know) ... then you do nothing ... they action the 'cross border' transfer from AIM to HKEX ... which can take a few weeks... then the shares appear like normal in your account and can be traded normally online.
Only difference will be that the cost per trade will go up to £19.99 or £9.99 (super investor) depending on your 'plan'... plus the following extra fees:
Hong Kong transaction levy 0.0027%
Hong Kong trading fee 0.005%
Hong Kong Stamp Duty 0.1%- (Rounded up to the nearest HKD)
thinking about it ... probably not going to work even if you do get the account open as IG will likely not even start the transfer process straight away on request. Ideally should've been done a while ago when corporate action letters were sent out.
Think I'd wait for the share certificate in that scenario.
ManU ...
from ii (who should've been more clear about what a CPM account is in the corp action message) ..
"As for the CPM account, don't worry about that. It's an old account type
where customers hold the shares in their own name and just use us to trade, as
opposed to your account where your shares are held in our nominee account. This
means we can do all the admin for you around dividends and Corporate Actions,
whereas we can't for CPM accounts - they have to do all of this themselves. We
don't offer CPM accounts anymore but we have a few from years back that we
still have to keep running."
@cminhinnett ... for sure a transfer to be done in 1 day is not possible ... but if you can manage to get an account open on another platform online straight away then maybe you can action the transfer from IG today ... they would then take a few weeks to go through... but that is the same as holding on a platform that does handle the HKEX shares such as ii who still have to do the corss border transfer that will take a few weeks anyway.
2 issues / questions to ask...
1: can you get a new account open by applying online same day
2: will actioning the transfer be possible with the shares moving tomorrow
yes, that's the standard corporate action email that was sent out ... how does that translate to "I believe they are going to send a share certificate ?... because they don't trade in HKEX" ?
Have you spoken with them ? ... Do you have a CPM account ?
ManU31... where do you get that info from re: ii ?
ii do trade HKEX ... and have told me they will just make a cross border transfer and that teh shares can remain in my ISA account and can be traded online.
The 'cross border' can take up to 6-8 weeks... but doesn't usually take that long in practise.
As far as I can tell ii appears to be one of the better online brokers to be holding with.
Without digging too deep I would consider actioning a transfer from IG to another platform today if possible ... obviously you would need another platform set up to transfer to so that may not be possible in time but worth ringing round a few to find out.
It might be messy due to you transferring AIM shares that will no longer be on AIM from tomorrow. Not an ideal scenario.
correct
400% spread now displayed (laughing face with tears emoji and hangman's noose emoji)
can't sell at 3p ...
Chinese lube anyone ?
so why is it currently NT to sell at 4p yet can buy at 6p ?
WTF ?
interactive investor (ii) appears to be trading normally on CNEL ... can get buy quote for just over 7 and sell for 6.80
Ii appears to be still trading it as normal fwiw
I get why some PIs would be selling... it's why the market isn't taking up the slack if the offer is being taken up at twice the price. Unless it isn't.
with ii you can trade online as normal after they make the cross border move... dep on your account the cost per trade goes up from 3.99 to 9.99