Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I cant see where it says Bergen cant sell below 0.0020?
Only this: Funder may postpone the funding of the second tranche of the Convertible Securities in the event that the market price of the Shares is below a specified level being 0.2p for any two consecutive trading days during the term of the Agreement and, should the price of the Shares remain below that level, elect not to fund the second tranche
This is Crede 4 years ago all over again. They will do anything to get there hands on that £500k and they will offload those shares immediately, it will decimate the share price
Vast have no other funding options, if they had they wouldn't take these bad ones on such poor terms. If Mercia didnt touch them why would anyone else? Their ONLY option is to kiss goodbye to Pickstone Peerless 25%(if they can). They wont be able to issue new shares because Bergen will decimate the share price on the 24th.
This company, IMHO is now in serious trouble. Money is not as freely available as it was. Id hate to be a holder, but dont look at what you've lost, look at what you will have if you sell today and dont lose it all.
But of you have the cojones and the money, good luck to you.
But Bergen are circling and they will sell sell sell.
Diamonds just dont pop out of the ground, look at FDI, they spent $80m +/- on machinery. Also Diamond prices arent great at the moment, though are stabilising. Small diamonds are on their Arrse price wise, and until 2021 the market is a bit flooded. Also they are not like gold, prices wont increase if a recession comes...
Golds popped up this morning, added $10 since last night, anyone know why? I thought all was rosy with china US chatting happily
What does everyone expect tomorow? are we looking a dismal year?
BTW, so sick of Donald Trump, cant open a newspaper or turn on the TV without his around ugliness damping my days, what do people see in him?
The Law No. 32 Appeal is awaiting the State Commissioner to submit their report to the Supreme Constitutional Court. This is expected in H1 2019 but subject to change
I posted that on 2nd August 18 after an RNS
Our quantity is increasing but quality is not. We need a big jump in quality, or some big stones
This is from HPC follower, over on iii, he seems quite bullish, 7 days ago.
Last trade today was a 100,000 FDI share sell at just 5.00p a share - which was actually enabled because I had two 50,000 limit buy orders in - MY LAST TOP UP…
The next quarterly results should show a significant improvement through mining better areas, in good weather whilst the Rand is relatively low to keep costs contained. Slightly worried that there are no large diamond finds yet, but I am sure they will start to be found as they go deeper in the Main Pipe kimberlite.
I am encouraged that none of the Main Holders have sold any of their FDI shares… which could be faith in the total diamond content & recoveries; or a reflection of the very low FDI share price at present.
FDI did send a link to an article which showcases yellow diamonds (FDI’s?) in special arrangements prepared by Tiffany for their prestigious customers, which may be of interest:-
https://www.bloomberg.com/news/videos/2018-09-04/inside-tiffany-s-private-suite-for-vips-video 6
FDI are clearly helping out on the marketing front… and could get a better percentage of the final diamond value through direct selling of their most special gem stones.
Agree, Ive got these from 50p, all the way down, with an average of 12p. my worst performer, however some of my biggest dogs have bought me the biggest profits due to averaging down and holding. I do have grey hair now though.
over on iii, they are a little more optimistic, though the shareprice is not to recognising any optimism