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Good 2 page article by Bearbull who suggests 200p should be minimum takeout price.
Any thoughts on why this is not following the price of gold.
Has some lunatic just bought £16k today??
Thank you for your inquiry and bringing this to our attention.
The Record Date for shareholders entitlement to the 35p dividend, is 28th July, 6pm. (Tomorrow after close)
The ex-dividend date is guidance based on the agreed settlement when buying/selling shares.
For T+2 settlement those buying shares today would not be on the Register at the Record date and time, and therefore not entitled to the dividend.
If one were to agree a transaction on T+1, today then that would be different.
I appreciate the potential confusion raised regarding the noting of a 6pm time and whilst technically correct, the Company has released clarification.
Conflicting RNS announcements the one on 28th June says ex dividend 27th July and one on 24th July says ex dividend 6pm on 27th July. Seeing the price has dropped we must assume it is now ex dividend.
Many investors will no doubt be tempted to sell when it goes ex div but consider the following from their RNS 28th June.
The Board and management remain dedicated to driving an absolute return strategy on behalf of investors and following settlement of recent asset disposals and the receipt of conditional earn outs from prior asset sale arrangements, we are also proposing a further capital return of approximately £3.5 million to holders of New Ordinary Shares, further enhancing the value proposition for shareholders. Since 2017 the Company has eliminated debt and following this distribution, will have returned over £120 million to shareholders."
120 million returned to shareholders in 6 years is amazing.
Will they announce dividend amount tomorrow?
Lithium Americas Receives Favorable Ruling on Record of Decision for Thacker Pass
February 7, 2023 – Vancouver, Canada: Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) received a favorable ruling from the US District Court, District of Nevada (“Federal Court”) on February 6, 2023, for the appeal filed against the Bureau of Land Management (“BLM”) for the issuance of the Record of Decision (“ROD”) relating to the Company’s 100%-owned Thacker Pass project (“Thacker Pass” or the “Project”) located in Humboldt Country, Nevada. The Federal Court has declined to vacate the ROD for the mining Plan of Operations (the “Federal Permit”).
The favorable ruling by the Federal Court confirms the permitting process for Thacker Pass was conducted thoroughly and responsibly, and results in there being no impediment to commencing construction. The Federal Court ordered the BLM to consider one issue under the mining law relating to the area designated for waste storage and tailings and did not impose any restrictions expected to impact the construction timeline.
“We are pleased that the Federal Court has recognized the BLM’s decision to issue the Federal Permit, reflecting our considerable efforts to ensure Thacker Pass is developed responsibly and for the benefit of all stakeholders,” said Jonathan Evans, President and CEO. “The favorable ruling leaves in place the final regulatory approval needed in moving Thacker Pass into construction.”
The Federal Court rejected arguments that the Project will cause unnecessary and undue degradation to the local sage grouse population and habitat, groundwater aquifers and air quality; that the BLM failed to adequately assess the Project’s impacts on air quality, wildlife and groundwater; that the BLM failed to adequately consider the Project’s impacts to culturally or religiously significant areas; and that BLM acted unreasonably or in bad faith in identifying tribes for consultation before approving the Project.
The remand issued by Federal Court to the BLM is to determine whether the Company possesses adequate mining-claim rights to the lands over the area in which the waste storage and tailings are expected to be located, based on an appellate decision that was issued after the BLM issued its ROD for Thacker Pass. The Company intends to work closely with the BLM to complete the required follow-up.
ABOUT LITHIUM AMERICAS
Lithium Americas is focused on advancing lithium projects in Argentina and the United States to production. In Argentina, Caucharí-Olaroz is advancing towards first production and Pastos Grandes represents regional growth. In the U.S., Thacker Pass has received its ROD and is advancing towards construction. The Company trades on both the Toronto Stock Exchange and on the New York Stock Exchange, under the ticker symbol “LAC”.
For further information contact:
Investor Relations
Telephone: 778-656-5820
Email: ir@lithiumamericas.com
Website: ww
It looks as though Paddy is trying to drum up support for his short position.
Posted by Marcelo on Canadian website. PGM is PUR ticker there.
@marcello PGM's "Madsen" has difficult geology, which was one of the reasons the mine ceased production in late 1999.
When the management took over the mine in 2012(?) they SHOULD have been aware of this PROBLEM. Yet they sold it to us with a huge marketing machine as a high grade, multi-million ounce project.
If he is correct then buyers expecting financial help before 30 days are up are wasting their money.
Worthwhile having a look at what the Canadians think about Pur. CEO.ca with ticker PGM
Banker
If they get the money you should be ok but for the first time they are going to find it more difficult if they cannot get Anglo support.
It doesn’t look as though Anglo are going to ride to the rescue this time seeing as they need the money in 30 days.
China accounts for 75% of global rare-earth production and 95% of refining and processing. Rare-earth metals are key components of wind turbines and electric cars.
The West is keen to reduce its reliance on China and
Rainbow Rare Earths is a
rare non-Chinese player in
the sector. It is on track to become one of the largest producers outside China. A major project in Burundi looks promising and costs should be “relatively modest” as expensive underground drilling is not required. Analysts expect the stock to triple in two years. 13p
Article in Money week has brought in some buyers.
Tos1963
Take a look at ADVFN board for more info- very interesting
Sorry re Questor 3 duplicate
Canaccord had a price target for the stock of 98p even before the latest trading statement. While we must take brokers’ targets with some caution, especially when the company concerned is a client, it does support the view that these shares offer significant scope for recovery.
Bernstein concludes: “I think the key is that this is a fintech that is operationally cash generative and is making record revenues. With that £10m in net cash it’s also ideally positioned to be acquired.” Hold.
Canaccord had a price target for the stock of 98p even before the latest trading statement. While we must take brokers’ targets with some caution, especially when the company concerned is a client, it does support the view that these shares offer significant scope for recovery.
Bernstein concludes: “I think the key is that this is a fintech that is operationally cash generative and is making record revenues. With that £10m in net cash it’s also ideally positioned to be acquired.” Hold.