Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The market has pretty consistently given a range of 20p-30p over the last year. A couple of brief spikes above on the back of RNSs that led to nothing much; a couple of dips below after extended periods of no news and "that" selling event.
I believe the market.
With a hurricane of a following wind, maybe it sells for 50p. But I'd be very surprised. And if it turns out that there is no sale, which is not impossible, it's back to 10p.
So yeah, you might double your money from here. In the normal world that would be viewed as a fantastic result - almost no takeovers go for such a premium on the prior SP. Don't look a gift horse in the mouth.
Course it is.
Although, even if in some parallel reality it was, Denby would just be giving it fair value. So those who are lambasting him for being a de-ramper must think it's worth well, well in excess of £2 per share.
A lot of people are going to be very, very disappointed indeed.
Denby's estimate, just like every estimate Denby has ever made anywhere on any share, is wildly optimistic.
The hilarious thing is that he states the "sale" will be for around six times the current share price ... and he's attacked for being a de-ramper!!!
You couldn't make it up.
A partial sale for around 20p with limited retained assets, residual value around 5p, so 25p total.
There's no chance, in my opinion, of anything above 50p.
In the village where I grew up, the local pub was the Bird In Hand.
Went bust over 30 years ago sadly, and disappeared without a trace.
I had some fun with ARM too. Hardly complete insanity to be fair if you look at their reach nowadays. My MSc dissertation was writing a PASCAL compiler on the Archimedes, an ARM-powered desktop, 30-odd years ago.
Plenty of chances to dance yet to come - although the limbo may get harder and harder as the bar descends further.
What on God's green Earth are you on about? This is hilarious :D
7/11 being a typo. Although - come to think of it - perhaps 7/11 really DON'T exist and have just been made up by the man to get microchips into us somehow!
It was around that range in 2016. Which is two years prior to 2018. Which is how long you said he said ... blegh, whatever. it's like arguing with an anti-vaxxer 7/11 denier.
Errrrrrrr - what? Wolfy needs the meds it seems!
0.63p != £0.63
That kind of talk won't get you welcomed on the poopdeck, Seasick. Botflies like you should be made to walk the plank! It's completely obvious that this is worth tens of billions, and if it wasn't for a few evil market makers we'd all have our own gold-plated galleons already. Arrrrrrrrrrrrrr!!!
Yeah. The only reason for the share price falling is those evil market makers. Don't fall for their shenanigans! This is easily worth £35!
No discount, perfectly happy with that.
If you think more shares are constantly being bought than are sold, where do you think these are coming from? The MMs sitting on a huge stash of shares? Don't be silly. If your data don't make sense, the problem's in the data.
If you really, really believe in EUA then yes, the share price is irrelevant.
But how many people still really, really believe.
At some point reality catches up with dreams. This is just a mess now.
Why aren't the IIs that wanted more shares at 26.5p not buying loads now at 21p? What a very good question. What a very good question indeed. One might almost suspect that the placement shares were to cover ones they'd forward sold into the pump, if one were really cynical.
The allegation, which is nothing more than speculation, is that the RNS pumped the share price to enable a placement to raise more money per share. The alleged pay-off to the party taking the placing was that they could forward-sell shares at close to the market price after the pump RNS occurred, and then the placing would be offered at a discount to the forward selling price, guaranteeing a risk-free profit.
This is not a particularly novel idea in the shady underbelly of the markets.
It's - let's say odd - that we've never found out who took the placing shares. If you're sufficiently paranoid you may think that that is a bit suspicious.
You don't like the supposed manipulation unless it's the BoD doing the manipulation in an upwards direction?! That was a few weeks ago for the pump-n-place, doubt you'll see another one like that - but if you do, watch out for more dilution soon afterwards!
Yep. It's below the waterline.