Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
No SP move however
Monty good point well made. If one accepts it, then value will not unlock for many years. Further, there’s no effective ‘check’ on MM. I’m heavily invested too. I guess value may arrive via publicly disclosed bid or eventual MBO. Or heaven forbid a strategy update.
Sadly you are most likely right (or some form of right). Last year’s guidance to results did not match receipt of them and as such broke confidence. I’m expecting subpar beauty performance, good nutrition and complete pot luck on ingenuity that hoovers cash but never returns any.
Oddly blinks presents the problem well. No one can easily imagine what the SP could be in a few years hence it is what it is today. Synergistic value of all divisions unclear. Whether ingenuity has much value is an open Q. The effectiveness of governance with a founder CEO also unclear. So much uncertainty gives current SP. A run of trading updates that match guidance would be a good start to gaining credibility
Im not sure whether this is RNS worthy? Doubt it’s mandatory. Im keen on Jan update for Q4 performance. Jury is out for me on Beauty - often underperforms market : hoping margins in this division come back strong. // separately would be good to have a governance update, hope GLA is well - if not who is Chairing, it can’t be MM.
Let’s get the basics and free cashflow right first. Inc some Board oversight. From previous post by another. Great if MM can move into another role and someone else takes over as CEO. Prob 50p in that alone.
We’re getting taken out for a song. This is easily 80p any day of the week
Forgive me .. dumb Q. I have RTN shares in my Barclays account. If buyout goes through and shares are suspended … what happens .. do I simply wait and at some point the shares get ‘cancelled’ and convert to cash in the account.
I’m hoping several firms are now doing the numbers 65p is a steal.
I wonder if we’ll get one - we don’t normally buy with takeover in play I would suggest Board should release a set. Otherwise it’s a wait until Jan - might all be over by then
What happens now. We just hover at this SP until deal closes?
Taking the other view moniman : what would be necessary for a rerate? For example would new CEO (however fanciful) result in an upgrade? Would nutrition continued performance create uplift? Is it simply sentiment? I agree we have heard very very little from the Board. Don’t think we will now until Jan.
I don’t there will be corporate activity for a while. Not enough risk-on mindset at the moment for a.n.other to buy part of THG, rather wait and see - maybe easier to take out in Jan post Q4 results. What id really like is a new CEO with MM moved into a new ventures / ambassadorial role. Wonder when this will be above 100p again.
Long positions being opened. Bodes well
Good write in FT today commending Oasis on execution of their strategy. Need another bidder. But who?