Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yeah, obviously a typo for 21.25pGBP, still what are you guys expecting?
The sale proceeds (GBP) / shares in issue ... at US$275million or at worst 210M£ and 988,223,763 shares in issue it would come to 212.5pGBP per share - or are we expecting the 275M$ to be affected by deductions for debts/costs/rewards (if any?) hence a lower payout?
Agree with MutleyInferno, better buyback and cash to be offset against your costs, lowering the gain for CGT - a pity the deal didn't manage to consolidate in previous tax year 22/23 where we had higher CGT allowance, although it's probably better for some of us who may have already consumed their 22/23 CGT allowance while still having a full 23/24 to leverage. The press release says "The proceeds of both transactions shall be distributed" - I read that as "each shareolder will get a cheque for her/his part of the distribution"
+1 @Scot
My readin of the situation: PANR management is staying focused on the truly important job right now, which could shortly trigger the beginning of one of the most spectacular success story in the history of oil exploration.
If you were focused on that and conclusion was imminent would you bother putting out an RNS for the ongoing SP turmoil?
PANR still do need a bit of luck, so for the moment I keep my fingers crossed and wait for the only RNS that counts.
Wish us all luck!
While your analysis is exciting, trading volume is appalling and market cap is ca. 1/4 of IPO, hence not reflecting the forward looking opportunity you detail here. Growing the market cap is the primary objective of any listed company, with that down ca. 75% I can only conclude that performance to date is terrible, with early investors obviously happy to get out of holding at a much lower value than IPO level.
Performance since IPO has been terrible and news flow even more disappointing.
Management shall really be way more active in raising the profile of IX if this has a chance to be remotely close to the IPO valuation.
Just going to copy-paste in the 3 relevant threads
It's just the whole UK market beaten up by bad inflation report. Certainly some sectors being beaten up more than others (the riskier sectors, as it's always the case).
Please stand by the original reasons you bought in PANR: it's potential Real value, which we'll only get to know in the future. Once the value is known it will be real since barrels of oil are tangible and selleable and that will determine the new MKT CAP, which will be what it shall be transparent to any market turmoil.
Just going to copy-paste in the 3 relevant threads
It's just the whole UK market beaten up by bad inflation report. Certainly some sectors being beaten up more than others (the riskier sectors, as it's always the case).
Please stand by the original reasons you bought in PANR: it's potential Real value, which we'll only get to know in the future. Once the value is known it will be real since barrels of oil are tangible and selleable and that will determine the new MKT CAP, which will be what it shall be transparent to any market turmoil.
IMHO, the only reason the SP is so depressed is in the global markets conditions. Appetite for risk is extremely low, meaning any growth stock is penalised, technology is massively discounted now since Q4'21 levels and so shall be even more risky stocks like explorers. The shift in interest rates has also made a large amount of investments shift.
I don't think what we're seeing is PANR specific. It's just extremely frustrating that we could have enjoyed much larger trading volumes and hence pronounced SP movement if the global economy wasn't going through this challenging time.
Showing in which account??? Shares are delisted, how can they show anywhere?
While I do understand they need cash to go through a potential long trading halt window for them (and others in the know), I think they could have better managed their holding and planned a way to sell sparsely in less noticeable tranches along the past months - anyway, selling by execs and directors is never taken well by the market. A pity it had to come when PANR is already suffering the general horrible global economy contingency.
Loved everything in the RNS, contents and tone. But especially this: "Our successes over the past couple of years continues to attract interest from U.S. based investors. Upgrading to the OTCQX will be an important step in allowing greater flexibility in trading, particularly for U.S. investors."
Great interview, simple and controlled, with confident smiles - they look a bit like being on the fence, willing to shout out loud but not able to since flow rates are not yet here.
My view, we'll see a steady SP raise to the flow rates results, and those being any good then the game will change face and pace.
AIMHO - GLA
Anyone knows what the h is going on with 88e SP? Why such an action while PANR staying under massive pressure?
I mean, 88e can certainly spike a lot on news, given the SP level, but I can't find news justifying the spike of the last 2 trading days