Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Tony-If I can butt in, I thought it was similar to the previous presentation. They responded to questions fairly and clearly. It again explained why they didn't/ couldn't take the debt route to the previous acquisitions. Going into the future they do not intend to go the equity route for any further acquisitions but have established themselves with sufficient reputation to be able to muster appropriate debt. Simonette, I think they have a major drilling campaign next year and that could be a company maker in it's own right. Just a few of the points that stick in my mind.
2.5p is a minimum, they had a placing at that price a few weeks back and it was to partly to clear convertible funding- so me thinks some sort of corporate action is likely.
They didn't buy, the shares were bought for them by the company as part of their remuneration package. There is the Interim results pending, I suspect they will be able to buy after its publication on their own accord.