Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
RAB wasn't a real institution, just a small private investment company with a chequered history run by a handful of guys. I looked them up at Companies House when they sold the first chunk. Better than nothing, but not a big name.
They will not have been tipped off by anyone, unless they and the one tipping-off were willing to risk a conviction for insider trading.
At the time, the suggestion was that they simply did the calculation anyone could do wrt KEFI's cash state, but it now seems more likely that RAB needed the money and dumped them when they could.
I'm curious to see what happens, because normally (on SETS) the MMs don't set the price and lurk in the shadows unless they want something, but in this particular case, what will happen? Will they jump in to set a price?
"Also (new here sorry) is there a way to see what the price looks like opening up at in the morning? I know you can see the overnight price in USA but not sure about AIM UK."
Since it's a SETS share, with L2 you can see the shape of the book before and during the auction, starting from 0750 tomorrow morning, auction at 0755
Yes, I see: the trades can appear because the specific shares aren't settled then, and later could be any crested share, and the T+5 (say) would allow them to be settled once the new ones are admitted. Thanks for the clarification.
"Although they can be forward-sold within say T+7, those shares aren't yet admitted to trading and can't appear in published trades."
In the past, that wasn't the case, but since the Afren Affair, when the FCA was not best pleased to see a multiple of the shares in issue traded AND the new shares for the placing were voted down in a meeting, leading to mayhem and unsatisfied trades, leading to sanctions.