Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Well they've committed $19m for the tender which is just over 12% of market cap so I guess if every single share was up for tender then you would be restricted to selling 12% of your holding.
It seems like a strong buy to me too but then I thought that when I was buying at over 50
So the tender offer is around 63p per share and although you might not be able to sell all your shares (or even want to at that price) I thought the SP might have risen somewhat more than it has. Might even be worth loading up with more at this price given the 2025 and beyond prospects seem good and there's still a divi (albeit reduced to maybe 5%) while you wait.
That's one opinion, another might be that buying back shares when the SP is significantly below NAV is good for shareholders.
Rhodium might never spike over 20k again, but it has done suddenly in the past (more than once), so you never know.
You pays your money and you takes your choice.
Good Luck to all holders.
This kind of criminal collusion between ROX, management and market makers needs a regulator able to step-in immediately and not 3 years down the line. Perhaps we should all submit bids for the company and start a bidding war.
Problem is, there was no mention of going private in the 6th March notification. In fact they stated:
"In addition, should ROX proceed with the Potential Investment, ROX will enter into a relationship agreement with the Company to regulate the relationship between the Company pursuant to which ROX shall give undertakings for the purpose of ensuring that the business of the Company can be carried on independently and for the benefit of all shareholders and accordingly is suitable for AIM."
I think it's a bit naughty and pathetic to just roll-over for ROX. Perhaps everybody should write to the Secretary of State.
I don't know how the foul-mouthed Winnifrith gets away with some of the rubbish he spouts.
Even though the company is purchasing stock, there is no asset recognized for the purchase. An entity cannot own part of itself, so no asset is acquired.
Given the last statement on Wressle, why would anybody expect any further news until mid-April?
"The US$18,000,000 net revenues achieved to date from Wressle (UJO 40%) continue to bolster the Company's Balance Sheet, complemented by additional cash-flow from the Keddington oilfield (UJO 55%). Going forward, future production and revenue updates from Wressle will be reported on a quarterly basis.
"The Wressle-1 well has responded favourably to the new jet pump rate. The engineers may decide to further increase these rates whilst the well performance is continually being optimised to maximise oil recovery volumes.
"The recently announced 263% increase in 2P reserves has led to a material upgrade in value of the Wressle development and we look forward to reporting on further progress at our flagship project."
He does mention it...
" Furthermore, it is resonating with several of our current prospective d2w customers in the Americas which we hope will accelerate d2w sales over the medium term."
I guess we will have to wait for the Preliminary Results to see how we are doing.