Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
ASX closing price is calculated differently to LSE.
The final trade is the be all and end all so 1000 x 8c trades which sets the sp at 8c throughout a session will be ignored and the value of trade 1001 will dictate the price whether higher or lower no matter how much.
It is sensible because it is undeniably a real price - and the sp was paid.
Compare that with LSE which has 1000 x 8p followed by a single buy or sell at a different price.
If the spread is 6p to 8p then the final trade of the day is triggered by ....
1. Sell i.e. a shareholder accepts the top of the spread price which appears to the seller as 8p + or -
Partial fills starting with the highest available price are possible depending on the volume of the trade.
The trade price is therefore the weighted average for the seller , and the face values for all the sellers.
2. Buy i.e. a shareholder accepts the lowest price that sellers require and depending upon volumes might move up the selling prices so the weighted average will be needed again. The sellers get their price at face value and the buyer sees the average.
Whatever the trade type, the effect on the LSE SPREAD will simply reflect the deletion of any prices that were totally exhausted by the trade.
The LSE closing price only considers the revised SPREAD , not the value of the trade!
The closing price is the middle of the final spread - and no trades might have been done at that price.
Both schemes have their merits but , as I have demonstrated in the past , little old me can affect the prices on ASX with one small trade at theend of the day. I got it up to 4.1c at the start of the session but the ASX closing price was reduced by the final trade of 4c which could have been 3.4c or less of course depending on the mentality of the seller. LSE is probably the fairer method but neither is perfect.
I just got a fixed price on LSE of 2.196p 22,503 shares which is less than the 25000 I'd have received @3.8c on ASX last night. But I have gained money on paper with ASX at 4c , and I have hopefully helped to consolidate LSE price rises. How much have I paid in cents? I ask myself! Comes out as 4.243c
How does that work out?
I had £500.32 to spend. One LSE £3 commission on ASX 10Aud (call it £5)
495.32/.04243 = 11673 shares before deducting a small FX charge an a few shares.
497.32/.02196=22646
I am an idiot - getting so careless in old age - I expect "no shares available" as I entered buy £497.32 !
They include commission so it should have been 500.32p so I have £3 cash in my account!
170 shares short! But 22503 versus 11673 is a happy read.
Mission accomplished a trade above 4c
https://www.marketindex.com.au/asx/tou
Smiley! Just saw the spread move from 4c to 4.1c so my £500 is likely to be there is the morning for a GBP buy.
4.1c is parity with the LSE close plus a fraction 2.115p
I hope this is legal , discussing it on here?
2.1p LSE closing price is 4.072c so I am tempted to buy on ASX @ 2.6c+ to keep the momentum going.
I have tried 12000 @ 3.8c max 1.959p with a bit of FX commission if it goes through. Otherwise I'll have £500 to buy on LSE is the price is right. If people reject 3.8c it will be a good sign I guess? 3.4c+ should be safe for a day or two?
Can sell at 3.6c 1.8p a few minutes after the 20 minutes delay and someonehas offered 139k@5.6c 2.9p
6.5p that Zeus recommended is 12.6p which might be a month too early?
Any finish above 3.4c will be the right direction for me. We need both main exchanges to keep increasing so 1p+ is notworth waiting for , and 2p+ is about to give way to 3p++
Worth perservering with and thanks for the great follow up , TB.
No pictures but my favourite video that I'll treasure forever.
https://drive.google.com/file/d/1RNXAuexSJSpTyZErGy-NNgdfVjd9XzCb/view?usp=sharing
On my dog walk my few brain cells started working again and the exchanges last night made total sense!
Clearly someone had taken notice of the Clueless link and reached for the stars!
He offered 100k shares at a limit of 8c , reduced to 6c , and subseqently withdrawn.
On ASX there is no fixed price quote on IG so it could have been me.
A few million barrels compared the the trillions of cu feet of methane is a drop in the ocean but over 6p tallies with my minimum of 5p+ as the true value, and my target of 11p fairly soon.
3.4c is looking attractive for a midnight feast on ASX tonight.
DWP wrote to me again , and the asterisks have sent me the same forms as last time and another stamp addressed envelope to claim underpaid pension from my 65th birthday until my missus death in 2018.
So I still do not know how much they owe me! And a phone call never gave me an appropriate target.
So annoying,
The elements are conspiring against me - that link has not produced this display that was still on my screen.
This is what I expected you to see...
https://drive.google.com/file/d/1r2PewVVwPU0z2ojjGq9jNGgt_HCoTxLT/view?usp=sharing
5.4c is showing up on this site and the performance looks much better than IG seems to report on their convoluted new platform that resulted in me selling instead of buying.
https://www.marketindex.com.au/asx/tou
Clueless, surely you know there is a civil war in Botswana and BOTS as Donkey predicted that for years?
Trouble is his prediction was using civil in the wrong sense of the word - the people that matter have remained very civil unlike the warmonger currently knows as BOTS.
I am disappointed that the Aussies have not pushed their price up - but the poor placing last month is fresher in their minds than it was for us Brits who could not participate.
I am trying to get my head around last night. What was that 8c and 6c price? 100k @ 8c was showing on IG so it suggests nobody on ASX was interested in selling 100k shares @ 8c ?????
And on LSE earlier in the month why was my buy at a limit of 1.71p declined when trades @1.68p were going through whilst it was active?
And why were there no fixed price quotes on IG until we saw the LSE price rises? That is more logical the price offered was enough to sway holders into selling - but where were the Aussie equivalent holders at 8c and 6c?
Why isn't MM back here yet? He had L2 and could explain such things.
Guys - just climbed into bed at a quarter past midnight and the ASX spread is unbelievable!
3.4c to 8c in English that is 1.741p to 4.095p ....... my 5p on LSE is looking more like sooner than later.
At Midnight 30 minutes this was it.
https://drive.google.com/file/d/1bVemfL_DCzFEqmHaTVK5LUHoAWGXQL-I/view?usp=sharing
My other account that only allows me LSE trades and I opened it after TDW sold up,
At TDW I could trade on ASX so I lost money converting expensive AUD shares to LSE shares.
I no longer do much trading on that account , my average on TLOU/LSE is currently 2.78p .
I am losing £13k on US Oil and Gas which are not on any exchange and dropped from 8 per share on Jenkins which no longer has them on their books. They stubborn old CEO, an Irishman , is still trying to find Oil but he does not have any benefactors afaik.
I still await notification of how much I will get for my wife's underpayments yonks ago - 2012 to her death in 2018.
But they have told me eligible and have confirmed my bank account to receive it.
Will I get a chance to spend it on 1p+ Tlou shares?
5p+ has always been cheap imho so I'll use the cash if it arrives in time.
If only the placing was taking place now TG would have had a successful issue.
At 3.5c it is currently nip and tuck so still too early perhaps.
Never understood how they calculated 3.5c it was clearly too high.
I have said once this reaches 2p we'll never see 1p+ again on here.
The green filter has not commented because he will be waiting for the 1p+ price before being wise after the event!
ASX moved up to 3.4c 1.74p equivalent overnight - that is the crucial factor imho - once both are over 2p+ the only way will be up!
I see Elon Musk has launched a Methane detecting satellite for the globe. I have mixed feelings for TLOU - could it direct us to the best spot to drill a well or will it be great publicity if we are not leaking methane and prove we have produce Green Energy.
If we close at 2.1p it will be a challenge for ASX to match it i.e. 4.1c ,
my IG break evens are
Market Tlou Energy Limited (LSE) Tlou Energy Limited - (AU)
Avg Price 2.3002 (p) 0.037383 (AUD)
I'll be able to afford a pub pint for you olda when we reach those averages.
I might even have one myself :O)
I cannot believe that we are withing a few months of generating electricity that has been years in the preparation, that the share price reached 17p in far less heady days, fell to less than 2p whilst the TX lines were expected to be ready withing a year, that a new drill (#6) was delivering the best flows yet (i.e. better than Selemo which has been operational for something like 8 years), that #4 was delivering better flows (and #4 had overtaken #3 within months of being commissioned , having given #3 a head start timewise) using the lessons learned from #6?
YET THE SHARE PRICE IS STILL BELOW 2p.
If TG had a history of failure it might be understandable - but the guy has worked wonders! He has endured probably the most adverse conditions imaginable for an AIM company in Africa , has TLOU within a few months of first production and an income from the GOVT of the country , not some tin pot African company who may not pay , and people want evidence that the company is not going to fail??
The saying is a fool and his money are soon parted! I don't know how you word those of you who intentionally miss out on the bargain prices that we have for a limited period imho.
I just did a dummy half-million sell and was offered a better price than I accidentally sold for this morning.
It won't be long before the price explodes imho - the rain has stopped and sun it out so that is it for this week I guess.
Weird - I cannot understand why my limit bid of 1.71p has been rejected since 11am!
there has been 5 buys since then - all for less than my limit!
I have cancelled mine and will not be using limit bids unless I buy on ASX!
Commission there is 10AUD or £5.16 instead of £3 for the 2 buys and the price is 3.2c or 1.65p which offsets the commission compared with 1.71p
I have the whole of March to decide ....