Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thanks Rob - it was actually me who posted that Tomco link whilst doing some research a few days ago. In that instance Tomco released the RNS and communicated with the market/their shareholders. I’m hoping EUA do the same because I’ve been in discussions with them via email over the last few months and they (Keith) stopped replying as of a week ago.
Thanks for the reply 👍🏼 wishing us all the best for tomorrow morning.
Brisk
If the Company doesn’t release an RNS regarding late publishing of audited annual accounts, so for the sake of argument they consciously decide they want to continue their silence, would the regulators force the suspension of the share on their behalf? Does anyone know?
I’m specifically querying what would happen if the BoD decide they don’t need to, or want to, release anything themselves by 8am tomorrow?
We may get something similar to the below from Tomco on 03/04/23:
“As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company was required to publish its audited Annual Report by 31 March 2023. However, the Company's auditors have requested additional time beyond the originally planned timetable to complete their audit. While the audit process has yet to be concluded, the Directors have been advised by their auditors that the audit is substantially complete and that there are no material audit issues causing this delay. Accordingly, the Company is targeting the publication of the 2022 Annual Report as soon as the auditor completes their final processes which is expected to be completed within a short period of time.
Trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. on 3 April 2023 pending publication of the 2022 Annual Report. Suspension from trading will be lifted with the publication of the 2022 Annual Report in due course.”
Only hope is they have been advised/have taken the decision to very much keep their heads below the parapet until the war blows over - unfortunately no one knows when that will be and the Company still had to meet its obligations towards things like annual accounts/AGMs/keeping the market up to date on price sensitive information…it’s probably the most painful and frustrating game of “just have to wait and see” most of us have been through.
Correspondence directed at the Company is not being responded to, so there is literally no other choice but wait.
Shame really, I miss the days where we would dissect resource numbers and have an informed debate about the potential value of resources based on information the Company released in RNS announcements. That Rosgeo fund raising money really needs addressing in the annual accounts.
Brisk
Agreed. Incredibly difficult to get an answer/correspondence with any substance out of the Company lately - I have tried. Not really sure what else is left to do, have written/called and tried to engage with them but only get very “guarded” responses and promises that the concerns will be relayed up the line.
There is quite literally no option to get through to someone who can actually do something about the lack of comms. Keith is not the person who can or will answer our questions, unfortunately. It’s literally a waiting game until either a) someone finds something online and posts it up, thus forcing the BoD’s hand for the umpteenth time, or b) they eventually post a notice of AGM and the annual accounts, whenever that May be.
Testing times for sure, but not much we can do about it unfortunately - a number of us have tried requesting more comms/transparency/following up on previously stated release time periods, but literally been palmed off. So we wait…
Brisk
If anything the FT article gives credence to NN being the potential buyer -
“Putin’s order to his cabinet, signed last week, also requires all private Russian buyers of western assets to be fully Russian-held or in a process to exclude all foreign shareholders, further complicating any exit procedure.”
Russian / BRICS buyer and not western - we all know this.
Brisk
Extremely misleading post - the FT headline is “ Russia moves to seize ‘naughty’ western companies” and only a few paragraphs in states:
“The insiders said Putin’s economic team wanted the threat of nationalisation to be part of a carrot-and-stick approach aimed at punishing western countries that seize Russian assets while rewarding those that play by the Kremlin’s rules.”
So the FT isn’t reporting that Putin is taking all western registered assets.
Brisk
Just logged into the Barclays Investment ISA on the laptop and there’s a corporate action on there too but it just states:
“With immediate effect you are unable to trade Petropavlovsk Plc in your Smart Investor account. No further action is required at this time”
Think it’s just a notification of the suspended shares
Sam, the shares were suspended so you wouldn’t have been able to buy or sell.
My holding is still showing in my Barclays Investment ISA.
226k between myself and a friend
Good on you Evan - honestly I urge all serious and LTH to do the same. It’s not an unreasonable request to ask for an explanation on what the hell has taken place over the past 48 hours. It makes no sense and being kept in the dark is just plain wrong.
Brisk