Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/10-08-2020/
There is also a Rosgeo JV with Polymetal from August 2020 on similar terms.
'really? You said you would close your small time short after we placed at 0% discount 26.50. That means you are not invested here so why have you got 6 posts on page 1 of this BB?'
He posted less frequently for a few days when the share price was looking up slightly, but I guess as it dropped he saw another opportunity to spread some fear and try get a few extra pence out of his short before he closes it.
I mean you can't blame him, if you were short and you knew there was still enough time to rinse out your short a little bit more you would probably do the same.
Question is, will his greed catch him out?
Why does everyone automatically point to Queeld? The same happened last time and it was shown it wasn't them.
JIM Nominees and Anders Murray came out as the last big sellers, you also have two other massive PIs in John Francis Bromley and Phillip Taylor.
It's quite clear Queeld have no intention to sell until a deal is done, or anyone in reality who holds probably more than 50 million shares, including the new shares issued, the only way out here with your money intact in the short term is a deal of some sort.
Looooool
'Russia will take it off you/revoke it' - *The state proceed to approve all licence applications and approve a JV with a state backed company
'You should regard this share as dead money' - *The stock still trades publically and can be sold at any time during trading hours, allowing investors to access their funds.
This is why I tend to disappear on non-trading days, time to disappear again until Tuesday morning.
You can't fix stupid.
I do feel there is a responsibility to ensure expectations are tempered a little, the full company sale is out of the window, it's all about asset sales now, so I would expect a maximum of £1.20ish for MT, and then over the next few years, as we work on the Rosgeo assets, expect another £1-£2 for those.
Sometimes we feed the derampers and shorters by coming up with silly figures like £3-£5, let's not even give them the time of day, the talk of £3-£5+ has to stop.
There might be billions in the ground, but this billions also comes with a level of risk and CAPEX, so a buyer is never going to pay silly prices.
At the same time, I don't believe we will see anything below 70p as a dividend.
Bank holiday may be playing a part too psychologically.
If BTC drops to 31-32k over the weekend, but then starts bouncing heavily on Monday, we are effectively back to square one, in normal circumstances if we were trading on Monday and BTC does it's normal weekend drop, it usually has an affect on Monday's ARB trading.
But in effect BTC will probably bounce on Monday could be back at 40k by Tuesday by the next time we trade so ARB would open higher, so it doesn't make much sense to sell at these levels.
'So Alexei C has sold 27.4m shares over what I would guess is a period of 3 weeks based on the SP holding the 29p range'
It was a direct sale to Veles, not in the open market so the SP had nothing to do with it, the SP at that time was stuck because everyone was getting impatient with the FSP delays.
I didn’t have to think about my response, it was just a common sense comment and frankly something people should take at face value. However my response can be taken in whatever way it is, it’s really not a problem.
But the reality is, a lot of individuals treat the market like a casino and get rich quick scheme.
Loads of money that can’t afford to be lost is thrown in, and people get too greedy to take some profit off the table.
I would never stay in a share if I lost faith in the BOD and the project.
Which is why I sold Hurricane Energy and Sirius before they collapsed, lost some money on both and obviously was a good choice because both collapsed.
I choose to stay invested here, despite seeing my profits dwindle from 43p to 24p, why? Because I believe in the project, the BOD and believe that there is a 90% of a big payout.
If you don’t trust the process, you are doing yourself an injustice by holding on to your shares and not protecting your money.
When you say ‘it’s easy to say just sell if you’re not happy’ - yes, it is, its your money, you have a duty to maximise your profits and/or limit your losses, you create your own expectations in this business because the BOD never promised a sale or a dividend.
However, you can choose to trust their ability to get the job done should a dividend be on the table.
Some of you really need to wake up to the reality of the stock market and investing:
HappyScot, once again I believe context is required. 500k shares at current market value is massive in relative terms due to the £ value of the purchase.
Any of us who have those kind of shares already accumulated them at very cheap prices, 500k shares were once as cheap as £5000, today they are worth £120,000.
Likely to be a buy purely based on the spread and price action but like you said, could also be a sell but I doubt it, I think a delayed sell would have gone through at 25.0 or below.
TBTT,
There hasn’t been the opportunity to flip those shares into the market, the share price hasn’t been stable enough over 26.5p around a period of time to even get close to selling at a profit, let alone being able to dump 50 million shares into the market without dropping the share price even further below 25p.
Something I spotted on Twitter earlier.
https://twitter.com/GMF782/status/1397585365653917701
'No SXX is a perfect example of a ii subscribing to a placing and losing out, it demonstrates perfectly the point that some don’t understand that II’s aren’t infallible.'
SXX: '· The Issue Price represents a discount of between approximately 18 and 32 per cent. to the closing price on 29 April 2019 (being the last Business Day prior to this announcement).'
Like I said, use a better example.
You are comparing a desperate call for cash with a discounted placing, to a placing during a process at full market price during a time where there is a chance/possibility for an asset sale with a dividend to be paid out.
'My post was simply to point out to those stating that no ii would subscribe to a placing s as me lose money as there’s been a few posts commenting as such. There have been plenty of examples of placing subscribers losing out in AIM and I sought to highlight SXX as an example as it was a very popular share with pi’s and is well known to many posters here.'
But it means nothing in the context of EUA's placing.
No ii would sign up to lose money in any scenario, but you have to give context.
Sirius was desperate for money and the whole project needed vast amount of continious funding or it would collapse.
Eurasia are not in the middle of a cash crisis, Eurasia have stated several times that they plan to bring assets into production via EPC, Eurasia, at this moment in time are also engaging with their advisors in regards to a proposal from 'credible party for the potential acquisition of substantially all of Company's assets'.
So once again, the placing reinforces the position of the company in that moment. in this moment, we have been told of a potential significant dividend by the company and hinted by the NOMAD.
It would be better to use an example from another company that was in a similar situation to ours, not SXX.
'I hope some of you realise that securing a placing is still no guarantee of success for those putting up the cash. SXX managed to raise about $400m from memory and it s highly likely that the ii who invested lost a large proportion. Perhaps those who invested in SXX could clarify as I don’t recall the details, although I do think it was raised at the sp at the time'
HappyScott, I take it by your posts that you have some level of market intelligence, so I don't really understand your post.
Using SXX as a comparison to justify that a placing is no guarantee of success? Did you understand the differences between the business model of EUA compared to SXX?
It's all about the context of the raising.
It's not that the placing guarantees success, it's about how the placing falls into the context of all other things going in.
I was invested in SXX but I sold out at a slight loss way before the big crash, purely because I realised the level of support and financing that project needed was always going to be a struggle.