Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
On MTR's Hot Copper site, amongst the long list of releases last night, there's one entitled Top 20 holders.
But they're not in the list either, H.
The list of top 20 holders makes no mention of Sprott. Are their shares held by a nominee company?
Interest returning on ASX-up13% last night and back up to 21c
It seems like day after day there's good news coming through about 1 of MTR's investments.
To put things in perspective....
At the end of April the bid price was 19.5p. The recent gains took it to a high of 33.5 (may have gone higher but I don't recall it doing so), and that's a gain of 72%. The bid as I type this is 30.5. a drop of 9%. Any doom mongers must be quite disappointed! After a rise of over 70% in 2 weeks or so , we have a slight reversal, but no more than you would expect in the circumstances.
Sprott's profit taking, and I'm sure that's all it is, has actually been quite telling in that it has proven the resilience of the SP. It doesn't look like there's been any widespread loss of confidence since yesterday's announcement which can only be a good thing moving forward especially for potential new investors and the list of positives that H posted not long ago is still as relevant as when he posted it
I'm sure Fiercey's 38-41p isn't far off!
Take a look at the RNS dated 11/3/19- £2m raised from sprott with shares issued @ 1.45p-about half what they've probably sold at in last few days. So yes just taking some profits.
Isn't it half a million A$?
Morning Fiercey. Things are looking up aren't they-as long as you ignore the football! I was really p'd off with the Liverpool result as I hate them-and all things Liverpudlian! Let's hope the Tiger keeps going today, 41p might be a bit of a stretch but I'll settle for 35p today and 41p by the end of the week. Best of luck with your Artemis shares.
A lot of speculation on Hot Copper about this-most of it very positive. Without the fund raise shares MTR subscribed for, MTR holds 1.35m shares. In July last year MTR bought 7m+ shares in Artemis so we must have sold the bulk of those in the meantime-pity about that (possibly) but hopefully those 1m+ shares remaining will add a bit more to the balance sheet when Artemis starts trading again.
Meanwhile July price of copper up to $4.76 and SFR up to A$7.75, so all good there.
30.5+ to sell now on HL
Earth orbit will do for this week! Next week the stars!
Yes, too much uncertainty in the system. There ought to be a way of reporting deals accurately nowadays.
Not so sure that is a buy. At 11.02 when the deal went through the spread was 27-27.50, so a deal at 27 more likely a sell isn't it?
On a more positive note, Thor touched 2.5c overnight and is 2.3c at the moment.
Slide rules-been a while since I saw one of those!
Hydrogen, perhaps we should club together and get that post run as a full page ad in the FT. That ought to shift the SP!!
Thanks, folks. I'll take a look at II.
On a separate point and with reference to Jonfon's post re royalties, I was wondering what price is used in the calculation. Is it the headline price we see quoted, which I presume is for copper in its final refined state and at the end of the supply chain or is a lower price used? can anyone enlighten me please?
Good morning Hydrogen, can I ask who you used to buy the Cobre shares? A little while back I wanted to buy some SFR shares but Hargreaves Lansdown , where we've got all our investments said they couldn't/wouldn't do the deal. I am reluctant to move our accounts from HL as I find them easy to deal with but I suppose I could open an account somewhere else as well.
Good Morning Hydrogen-I assume that post was a bit tongue in cheek. The last RNS re Trident said we owned 0.61% or have I missed something
with copper still on the up-$4.86 for July.