Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Securitisation has to be this Q. The reason I’m confident is the effusive nature of AZ in his last interview. He knows we are all waiting on it and he therefore knows the only thing that will have a major positive impact on the SP is first securitisation. He said we would be happy at next update. We will be.
The algorithm effectively 'guesses' whether its a buy or sell, based on the SP at the time. It isn't really that reliable. Also remember for every buyer there is a seller. Dont get too obsessed with individual buy/sells. Look at broad trends, since its not very accurate.
Buy what? CTEA has no unique IP of its own, very few staff, even fewer customers. Exactly who would pay £1 per share for that?
It will be the 31st for the trading update. They won’t deviate from that pattern as they would leave themselves open to criticisms of manipulation of SP.
Doesn’t stop them doing some one offs before then though
I took a bit of flak for mentioning this previously but its true that the market does have a long memory and the lack of momentum on COPL's SP over the years, even on good news is down to AM's reputation for placings and dilution.
He has the opportunity here to show that those were necessary evils and not habits and so repair his reputation. I am hoping he leaves the PI's alone for a few weeks post relist, to get some kind of reward for their patience. Am not brimming with optimism though.
So there has been a concerted PR push that supported the Acquisition RNS's this week. This was planned and helped build momentum on the SP with steady rises most days. The trading update (TU) will be on the last day of March (as per previous updates) but I'm pretty sure there will be one more in first half of this week to keep up that slow SP rise. It will be to do with the captive bank and funder. This will set the 'groundwork' for the detail to be mentioned in the TU which will likely be confirmation of first securitisations as well as regional updates. (Also expecting BIG news on the US side on the 31st.)
So after the Captive Bank RNS early this week, The SP will then rise organically due to FOMO in the second half of this week and into next.
The reason this SP managed growth strategy is important, is that first Securitisation will likely mean a 100% increase (minimum). AZ wants the SP to be as near to the placing price as possible before that in order to get maximum return (it wont get near 1.1p pre RNS of course but 0.8 /9 is reasonable) . You only get one shot at this kind of first milestone announcement and he'll want to squeeze every bit of value out of it.
Just my thoughts. What's yours?
I hope so PanamaBob. I want that too obviously, but am having to stop myself getting over enthusiastic because we've all been here before. Just once, I't'd be great to let the SP run a little before chucking his chums warrants and placings. Time will tell.
Let's just wait on the prospectus before getting too gushy. Every SP rise so far has led to Arthur dipping into PI's pockets whilst paying himself broker fees. Its possible he wants to build a war chest for more acquisitions but I doubt he'll put his own money on the line.
AM if you are reading this, I would be delighted to be proved wrong.
I suspect that the forthcoming trading update will reference a major US client. We have basically bought Tradeflow because of conversations started with a business in the US (as per previous RNS).
Can’t wait. Too excited.