Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Their bank balance isn't relevant to the takeover process.
People on here were asking how they can hold private company shares in an ISA. I'm just trying to explain the takeover process.
To simplify, if the cash offer is accepted, there will probably be one option to current holders. You will all get £1.50 per share and that will be credited to whatever account you currently hold the shares in. You need to do nothing other than to find somewhere else to invest your money, although for me this is the final nail in the coffin of AIM stocks. Mostly run by cowboys and about as well regulated as the Wild West.
looknofurther, i'm not sure what you mean.
newuncle, very unclear what they mean by ************** alternative, but usually if there are options (ie: choices) on a takeover, the default option will be cash. if you want to opt for the alternative, you would have to advise your broker to sort this out.
I spent my entire career working in stockbroking and I have only ever seen takeovers processed as follows.
There will be a vote on the takeover which will be approved or rejected. The outcome will apply to ALL SHAREHOLDERS. It looks pretty certain that it will be approved and therefore all shareholders will get £1.50 per share. However your shares are currently held, these will be replaced by your broker with the cash amount.
Away from our prying eyes, a new private register will be set up to reflect the holdings in the private company.
John M
I would avoid anything Lenigas is involved in.
I also have doubts about the future of miners. It's become a massive arms race to build the biggest fleet of machines and that will invariably be funded by dilution. There are going to be successes and failures, but hard to tell which at the moment.
I have been buying Microstrategy. They hold about 130,000 Bitcoin and therefore are effectively a Bitcoin proxy. You can hold the shares in a SIPP or ISA, which solves the tax issue.
Interesting to see how little reaction there has been to the post Jubilee Covid Spike. However, whether Covid is morphing into a flu type condition in terms of the number of deaths, COPD is going nowhere.
I don't believe I'm alone in thinking that maybe we should focus on COPD, which is more likely to make Synairgen a serious player.
A couple of interesting threads today and of course we have to guesstimate figures at this stage. However, that's the main reason many of us invest in newer businesses.
Clearly any decent company should be expected to trade at a multiple of NAV. They are not expected to stand still and I invest in the future otherwise you'll miss the boat.
Now I don't expect to to see anything remotely close to the 10,000% rise we saw between 2020 and 2021, but in the early days, this was a highly speculative investment.
The difference now is that Argo have established themselves, have developed partnerships and, above all else, have assets against which they can borrow rather than dilute.
Good luck to the many genuine investors out there (in this and any other stocks)
I don't post here often, but considering the recent nosedive, I find it very encouraging that the trolls still feel the need to try to undermine SNG.
For the record, I'm a substantial holder, horribly down, but still holding on.
Thanks to the informed posters on here helping keep our peckers up and, of course, Polygon.
HSD
When you say "Either way, it means the strategy for whether to buy, sell or hold that 22.5% is Polygon's decision (and not some amateur investors with barely half a clue between them)" I assume you mean most of us on here.. :)
Nominees hold shares on behalf of clients. If Hargreaves Nominees holds 18%, that just means that a load of PIs hold shares.
A TR1 is reported by the actual beneficial owner, so if Polygon say they own 22.5%, that's what they own. The RNS implies that they hold some with Aurora Nominees and some with JP Morgan Prime Nominees. (I think)
A few posts here with incorrect advice on takeovers.
I'm not suggesting there will or won't be one, but just re-posting Alkin's thread with the takeover panel details.
alkin
Today 12:53
Posts: 622
Price: 30.08
No Opinion
The Takeover Panel
When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
https://www.thetakeoverpanel.org.uk/the-code/download-code
While we're all licking our wounds, I'm just watching ITV "Kate Garraway : Caring for David" about her husband's long Covid.
We all know huge numbers have died, suffered or continue to suffer and understand the impact on their families, but focusing on one family really brings it home to me.
Things could be a damn sight worse.