Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looks like the new finance deal has pulled the rug from under the new NAV figure and SFR/CBE deal
19.1p, up 20% on the previous month, Sp here is now at 37% discount to the end Nov net assets. This and the SFR/CBE collaboration will surely shift the SP today (maybe).
I don't understand the info re deals on ASX. What are the figures below the ones you mention-the ones under the headings of "buyers" and "sellers"?
is 36c which is about 20p. I still don't understand the ASX/AIM difference.
I'm not sure what will be happening with regard to Thor's Uranium projects in 2025 but there's a lot of water to go under the bridge before then and I'm sure the share price will be subject to many ups and downs between now and then, so I don't think we'll have to wait for 2025 before something happens. Hopefully the "something" will be good!
But why would an ASX buyer be prepared to pay such a premium over the UK price, or indeed such a premium over the recent ASX price without some significant event/information?
I don't understand that but let's hope it's matched here. Could it just be the SP re-aligning with the anticipated end of month NAV rather than CBE related?
Since the last NAV of 15.9p on 31/10/22 SFR is up 49% and CBE is up 56% so unless both fall drastically by 30/11 our NAV should be well up as a result, which should, (repeat should!!) give the SP a bit of a boost. With a bit of luck perhaps we'll hit 14/15p. Whatever the ASX listing is costing, I can't see much point in it, and it might as well be removed.
It's difficult to know how good, bad or OK the deal is, but it is a deal and I'll give Thor the benefit of the doubt, and accept that it was the best they could get. The only thing I'm disappointed in is the reaction both here (so far) and on ASX, but I see it as definite progress.
Thanks for the info on this move folks. However, my reaction is that this, on its own, is just window dressing comparable to the share buy back, consolidation and ASX listing, and while window dressing is important to get buyers through the doors, it's what they see on the shelves that persuades them to part with their money. So, what do potential buyers (investors) see or think they see on the shelves-tired old stock/yesteryear's fashions at knockdown prices or a mixture of tried and tested goods plus bright new offerings at bargain, never to be repeated prices? If what MTR has is the latter but buyers aren't clever enough to realise it, then it's up to MTR to educate them- a lot better than they've done to date.
The bottom line is, however MTR labels itself and whatever market it chooses to operate in , it's the NAV that drives our SP, so unless our NAV reaches the 20s/30s/40s the SP will be stuck in the teens. Let's hope SFR, CBE, SAU et al start to realise their potential soon.
Is this the event that MM alluded to in the summer but said in a subsequent interview that it would be six months before shareholders could be told?
Anyone have any comments/observations? I have no idea as to the significance of what's already been done or what they're considering, so any input from those who have some knowledge /experience of AIFM or SFS would be appreciated.
Best not talk about politicians , Fiercey. There's not a single decent one on the planet. Anyway, on a happier note, last time I looked a few minutes back we were beating Stoke. Could this be 3 wins on the bounce for the Baggies. Perhaps I could recoup my MTR losses by re-mortgaging and putting the lot on Albion for promotion.
Don't get sucked in Fiercey, just ignore and he'll go away. I don't think he'll be missed.
Well that explains it then.
Tacotaco, I actually agree with you, I'm surprised he doesn't own more.