Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Here's where imv short positions were most aggressive. It was NT a couple months back at 9.5p yet suddenly liquidity arrived, coinciding with short position increases as tracked by Tilly. About to see these cowardly rats clamour over each other for the exit.
Doesn't say June - that's my guess. First Q update said all workstreams complete, reaffirmed today. Liberium guided "mid year". EML sounds confident the process is moving to positive outcome. Confident as Emmerson.
I think the BoD/management loaded up in the 5s and 6s and probably don't watch the sp every day. Seems like more a waiting game and impatient vs patient. Confident Khemisset lands its last major permit to build in June and nobody will want to be out for that. If being construction ready in 2022 is the target, work backwards from there. Liberium sorting out the finance.
So confirmation all work steps complete in the ESIA process and confident environmental approval incoming being the final authoritisation needed for construction. Everything else moving at speed including bringing on board strategic investors for the equity, much needed to improve the share register. Construction ready in 2022 - big target but achievable!
No idea why someone has continued to jettison their holding this last few days. One chunky buy turns up and soaks up all the stock just like now. Liberium added a bit of anticipation to the environmental permit when it said 'mid year'. But so much going on that EML has kept to itself waiting to pop.
Those that knew the placing was coming could confidently sell at 33-35p and buy back at 25p. Unfortunately for regular investors that's exactly what happened. But, that's done now and the pf companies look strong enough to shake off TEKs approach to value and sentiment destruction. Onwards from here.
Mac, AGM RNS could potentially be a one-liner announcing date/time etc. I don't know whether it necessarily needs to state more but if there is a view there could be more to it, perhaps that would form a follow up RNS.
Interesting we seem to have attracted significant volume this morning vs the broader market, and in sizeable chunks. I guess the 30% premium at Microsalt to some extent offsets the discount done at TEK level. BELL is self-sustaining. Guident also at least for awhile and certainly until it signs first contract in Florida. Lucyd given a cash injection to increase sales until IPO goes ahead.
So is the lesson here to TEK to let the pf companies arrange their own funding? It appears they're much more capable at accreting shareholder value and representating their own businesses at this point.
One good RNS out of Guident et al and MMs will mark up the sp but having awarded stupidly priced shares to insiders, they'll benefit from an almost criminal additional profit for inconsequential risk. If the company reports its NAV and then allows its broker to completely undermine it, what's it worth? Guident is about to sign a major first AV deal in Florida and numerous EV companies testing its energy re-gen shocks - game-changing stuff. TEK needs to sort out its image, find some proper strategic investors and start walking its own talk.