Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The share buy back was in my opinion naked short selling by the mm as he didn't want to escalate the SP and now he has dropped the SP and he doesn't want to bee seen buying in quantity so is disguising the purchases in his own interest again.
This is all my opinion based upon simply looking at all the 20k-50k 'unknown' trades or those marked as sales over actual buying prices. Watch the moves
Chat - the net asset value per share would have risen the SP is going to go back up to the 90s .... its a long story and the price is being held down.
Ask Eileen Carr the chartered accountant who saw the figures at the end of June and bought at 89p
8million shares bought in the Buy-Back at 89p and I'm pretty sure many were short sold or borrowed. The borrower is now buying back at 79p and reaping the reward. Balancing the books at 10p a time, but he is on a time restraint and has only until the end of July before the 4th quarter figures are out. The Borrowers live in the secret places of quiet old houses; behind the mantelpiece, inside the harpsichord, under the kitchen clock.
They own nothing, borrow everything, and never forget their most important rule: you must never, ever be 'seen' by the human beings.
The rise could be due to the devaluation of the Ruble - The MOEX Russia Index was sharply higher to trade above the 2,255 mark on Wednesday, extending yesterday’s rebound as government pledges to devalue the ruble improved the outlook for Russia’s heavyweight commodity and energy exporting industries. The miners led the gains in Moscow, with Polymetal, MMK, and Petropavlovsk adding between 3.5-5% - Trading Econ.
Pets at HOME downgraded ? People not buying animals that ruin sofas?
Interesting trading yesterday with 2 x 200,000 trades both at 88p and both at 9:19 BUT only ONE of these trades was a buyback as the RNS tells us they bought back 251,893 at an average price of 88.35p - The other trade was 51,893 at 89.7p at 14:44 which gives the average of 88.35p (£176,000 + £46548 = £222,548 / 251893 ). The question is who bought the other 200,000 at 9:19? ...... this is similar to the 2 x 500,000 trades on 23rd June both at 88p and again only ONE of these trades was for the buy back. The second question is how do I get 'Doubling Down' in a sentence without sounding like a knob?
Swat - Its just a theory I have conjured from the last month of watching the buy back of shares and how so far they bought almost daily and the price range was 87p-89p they bought 6m up until 26th June and cancelled them in one 6m lot. I thought this would be the finish but no they managed to buy another 200k+ because I believe some holders think that the buy back was to prop up the sp and the price would drop once they finished buying or on 30th June. . The company said they wanted to increase the SP and have vesting target prices to reach but at the same time they had to be seen not to raise the SP due to them cancelling shares and bought 'wisely' although on closer inspection there were way more buying than selling so I think they they are oversold literally. They have another 2m they can buy in the next 3 days but again can't send a message to the market showing their hand as they want to pick them up relatively cheaply and the cheaper they are obviously the more they can buy. ..... that's my theory lets see the practise.
Game back on, I thought it was all over! They couldn’t resist sweeping up some more at 87.5p and they do hate anyone second guessing so those that sold yesterday thinking wrongly that this was an exercise for supporting the SP will be regretting it in the next 3 days when the brakes are off. 3 days and maybe a few more million will be cancelled and I’m betting it’s going to rise above 100p
looks like they have finalised the buy back spending way less less than $8.5m they intended to spend whilst grabbing a bargain 6m shares. They must have reckoned 6m would cost 116p a share but they bagged them at under 89p and saved us $2m in the process.
Im definitely adding as well as calculating…. and it would be funny if I wasn’t just a trader in Art. I’ve got a nice Henry Moore if anyones interested?
Another million shares bought back but where did they come from?
"Hello me ....... Nice to see I am on the same page as you. what with only 6 days to go and did you see how many buyback shares were bought yesterday?'" Yes I did over 300,000 and I think they will buy the same amount, if not more, today." "Really?" "Yes they have 400,000 a day left to buy." " Wow will they be able to do it?" Yes but there may be a shortage of sellers so they may borrow some perhaps from the treasury shares" ..... "anyway nice talking to me I have to go now and so do you." "bye" "Bye same time tomorrow?" "sure"
According to Research and Marketing’s coffee market report 2021, the size of the global coffee market in 2021 is estimated at $108 billion, and anticipated to reach $144.68 billion in 2025. The momentum to retail sales powered by e-commerce, the increased preference for instant coffee, and the demand for specialty coffee led to the growth in the number of companies engaged in the coffee business.
According to the BRL sector report, Bur Dubai accounted for the largest share of the companies engaged in the trading of coffee with 368 licences followed by Deira (243) and Hatta (4 licences), while the top sub-regions are based in Burj Khalifa, Al Ras, Al Barsha 1, Dubai Investments Park 1, Al Marar, Hor Al Anz East, Al Quoz 3, Al Karama, Trade Centre 1, and Port Saeed.
Several Emirati companies in the trading of coffee have expanded to global markets from Dubai as well opening their branches in several countries through the services provided by Dubai Industries and Exports, an agency of DET, in a short period of time.
https://mediaoffice.ae/en/news/2022/March/15-03/Dubai-has-615-coffee-trading-businesses-reinforcing-its-reputation-as-global-hub
Now only 7 …. today it seems they took off the kid gloves and bought at whatever definitely not in support of 85p but because they were cheap. There’s no pressure coming from sellers for good reason. dyor
The next 8 days could see some action with 3m shares left to buy in the buy back scheme ..... watch out as any day now this could spike with 375k a day purchases they have the option not to purchase the full amount but the logic behind the buy back was to increase the SP so could be fun?
Very strange decision as I was taught this at school ….If you take a negative (-) and add another negative (+) (-) the negative overrides and the original number will become a higher negative number.
So if you take one loss making company and add it to another loss making company you get less than half of nothing…. rather than all of nothing so I think we’re all better off?