Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Makes you wonder if there is a load more background buying going on ... all seems the big risk has essentially been removed. Arguably the balance sheet is stronger with a non-repayable $12.5m zero interest loan and still holding the share certificate .. none of that is reflected
@ClarkG ... mmmhh .. interesting spot .....
I have no direct evidence other than we do know at least half was sold down. Can't remember where, but I thought KS had not sold all ... so if todays add is to 30-33m . 100m shares ? ....
The man is a trader .. maybe this time he will make a few quid
He just posted on Twatter .. bought 67m at 1.3p ... does this make his holding around 100m ?
Funny how all that buying dropped the price !
https://twitter.com/kamsattar/status/1764647682767814889
Yes Lindon "A story right out of FMβs historical scrap book in fact"
I recall the late Pdub saying many times that in time when the 'story' is written it would be fantastical. Well, certainly a tale of over ambition and under-delivery, vaunted hope, bad luck and market timing
The sales are not complete as they are all interdependent ... quite rightly stopping SPR just waltzing off with Mokopane (for example) for the value of donut
Its a whole package .... so I am pretty relaxed (just irritated).
As for cash, they have cash from the fund raise. It is just earmarked for the works planned (obviously)
there is no doubt spr will eventually pay up .... the text in the rns tells something i had not realised.... "..assuming, receipt of final funds by 14 march 2024, the company will have sufficient working capital until it receives the consideration due to it following the completion of the sale of the 50% interest in vanchem and its 64% interest in mokopane."
in other words.. they don't own half of vanchem or mokopane yet, so if it all goes **** up everything (rather more than the $9.5m) is possible to loose (along with their reputation
it is acacia that are playing naughty ...