Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi bigAl67: Thanks for your reply although I must admit that I'm more puzzled than ever having read it. My point is completely unrelated to positive or negative posts (or indeed, the number of such posts that anyone has made,) so I'm not sure why you would mention that, or name particular individuals? I just can't understand why (if you understand the dilution factor as you have stated,) that you would say that you and your wife intend to 'take advantage of the discounted, QUANTITY-RESTRICTED, shares in the OO' when that would further dilute and devalue your current shares when you could equally well buy, AN UNRESTRICTED number, at virtually the same price, on the open market and avoid creating further dilution/devaluation of your current holding? Maybe it's me that's missing something? Or maybe I'm just not explaining myself properly? I note that you said you are not trying to urge investors to buy into the OO but you did write, " I sincerely hope the 25p Open Offer is taken up." That to me certainly sounds like you are advocating that it would be A GOOD THING? If not then surely you would have written " I sincerely hope nobody takes up the 25p Open Offer." So the thing I don't get is - when the open market price is virtually the same as the Open Offer price and you could buy as many shares as your heart desires - why would you think the Open Offer was worth taking up when it will result in dilution and devaluation and the quantity you are allowed to buy would be restricted? Can you explain why you would go down that route when you could buy 100 for every 7 you hold on the open market, at the same price, and without the resultant dilution? I'm not saying anyone should or should not take up the OO as it is each individual's decision but I am querying why anyone WOULD take it up when it would dilute and devalue his/her holding?
@BigAl67 - I don't want to cause offence but I really do think you are missing the point when you urge people to join in the OO and buy at the same '40% off bargain price of 25p' that was given to the ii's. Under the OO we are only "allowed" to buy 2 'cut-price, bargain-basement 25p shares' for every 7 we held on 14th Sep and in doing so - more NEW shares would be created, resulting in a greater number of shares as a whole and thus (whatever the mcap, up or down,) the value of each share would be less as a result of that dilution. However - with the price as it is at present - (virtually the same as the placing price anyway,) we can buy as many as we want/can afford (not just 2 for every 7 already held!!!) and WITHOUT bringing new OO shares into play so therefore avoiding any dilution and associated decrease in worth of each of the shares that we currently hold! We couldn't really avoid the introduction of the extra shares and resultant dilution in the case of ii's as the co. needs the funding but why would you want to further dilute by taking part in a 'restricted purchase number pi OO' when you can buy ANY (unrestricted) NUMBER on the open market, FOR VIRTUALLY THE SAME PRICE and WITHOUT DILUTION AND CORRESPONDING DEVALUATION. It would be madness! Obviously, the situation would be entirely different if the open market price was a fair bit higher than the OO price - but it's not! I hope I've explained that properly because it just doesn't make any sense at all (at least not to me,) to even consider the OO.
@MrIndia: How are you over 80% down if your average is 76p? Do you mean 80% down on the highest price you bought in at (that would be equivalent to having paid a highest price of 209.5 based on the current buy price of 41.9) Otherwise, you are only 55.13% down on your average of 76p.
@Inphobe I'll probably buy them all back at some stage or other! What I like to do (if the price drops) is buy back with exactly the same amount of cash I received when I sold and 'see' how many extra shares it buys! More shares = more gain (if it ever comes!) OR (if it flops,) = same loss (as only ever used fixed capital investment sum, even though ended up with more shares.) Hope that makes sense?
@sally Why do you say that you, "doubt they are from PI's ?" I'm a PI and I've sold over 200,000 shares recently (2 x 12,500 only yesterday at close.) I know that one of the Dave's has sold several hundreds of thousands of shares too, so I 'm puzzled why you would rule out PI's as likely sellers? Surely, it's more likely to be PI's selling as many are unable to risk further losses, whereas II's are often better placed to take the risk and hold during ongoing sp reduction?
@Inphope: I can't understand why you would find it interesting that a company we are involved with has a contract with PHE which doesn't involve our tests in any way? When you say 'without jumping to conclusions' are you implying that (as Beckman have won a contract for sequencing) they MAY also be given a separate contract for testing? I suppose it's a long shot but I must say I'm thinking of calling it a day with half of my sizeable holding. If there's no rns tomorrow morning, I think I'll sell half at a loss, and put a buy order in at around 47p -53p because I suspect they may well continue to fall until the other products hopefully bring in some much needed revenue.
@ Island Girl re: KCG comment "Small number of shares issued" Really? Nearly 700 million (699,767,652) as of last share admission on or around 10th May 2021! Do you consider that small? Personally, I'd consider that to be a pretty large number.
Because on a sale of 10000 shares you can buy back at 15p per share less today and get an extra 1984 shares for the same money after all costs! Sold Friday @ .90 and bought back at .75 today. Sale on Friday of 10000 (less sales costs) yielded £8994.05 cash, and today that SAME £8994 cash buys 11,984 shares (after purchase costs,) giving an additional 1984 shares to make that elusive 100% when it finally comes, which I believe it will. Of course, one time I may sell and it never goes back down, or even worse, it may suddenly double, but that's why it's important to only gamble a portion of overall investment because that's what the selling and rebuying option is ... gambling not investing. That said, it's easy to see how a 15p swing can get you either a) a bit of extra cash or b) a good few extra shares. In the example above, that trend only has to occur 5 times to provide just short of an additional 10,000 shares and when the real profit comes, that's fantastic because it will apply to the 'new' additional shares x 10000! And that's why people are still selling now.
Obviously the % share of the 3bn will vary immensely from one contractor to another, however taking an example whereby all 112 contractors received a minimum of 10 million each (total of 1.12billion,) that would sill leave a massive 1.88 billion to be spread disproportionately to the 'biggest winners' so our share could be significant, even if it's a much smaller share than other contractors receive.
@Heimlichlll, @stephen11, Sorry, my mistake, I thought it was 1billion contract. So, just as you say Heimlich = 26,785,714.2857 (divided by no. of years/length of Contract for annual figure.) Even better if it were equal shares for all! Let's hope gov chums dnanudge don't get 90% of the 3bn!
@stephen11 = 8,928,571.42857 It won't be evenly spread of course, but if it were, that would be the share and of course it would need to be divided the no. of years covered/length of Contract, to give the annual figure.
I'm concerned that this could well halve if there's still no news in the four trading days next week and the thought of losing even more of my hard earned is not a pleasant one! I'm seriously contemplating off-loading half (100000 of 200000 shares) before close today but I just can't make my mind up. If it shot up next week - yes I would miss out on profit on the 100000 I sold but if it plummets, I would have saved half of my investment from further depreciation and would have those funds to invest in something less volatile! If the price keeps drifting downwards today I'll get less and less for the half I sell as it is, but at the same time, I don't want to make a snap decision. I do think for me that the thought of losing a further 50% of my funds is far worse than the thought of losing 50% of future profit. Money isn't everything in life but it would be nice to have some left if this fails to deliver.
@officermanager: I simply drew your attention to an important point that you appeared to have overlooked (that Harra seemingly retains some GDR shares in a second account with another broker.) I also asked you what you meant by the term, "this sort." I fail to see how anyone could regard that post as having even the slightest hint of a "slanging match?" I had initially suspected that that you had genuinely missed the fact that Harra held additional GDR shares elsewhere, but having now read your "slanging match" reply (which is wholly ill-founded;) it would appear that you do have some difficulty with basic language comprehension. The key is to make sure you read through everything twice ... at a pace whereby you do not miss key pieces of information ... and are fully able to appreciate context and inference. I hope this advice is helpful to you because you could actually end up making some costly investment mistakes if you overlook key points and fail to grasp the underlying meaning. Good luck with it all.