Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
There is another shareholder for whom the lockdown ends in July. Maybe they will time they will be not so hasty in reducing their holding. The yield is compelling. I have never been able to fully work out what drives the sp here but I suspect the direction of travel of bond yields has something to do with it.
On the advice of her Dublin broker in the 1930s my grandmother bought into a number of drink companies. Guinness as it then was, was Dublin's largest employer. With all the mergers her holdings (Distillers among others) ended up in Diageo.
Now that the next generation has passed on, the holding has been largely sold. Sad to see the holding go. It is a great company.
@chumba
One tends to forget these. LO's warrant entitlement was scaled back because of Primary Bid. My reading is that they have 10,937,500 warrants to subscribe for one share at 40p. If they sell some of their holding to raise money for the warrants, the exercise of the warrants will raise funds for the company. Employee share options are around a further 8 million. Again, if exercised will raise funds, but I expect most employees won't exercise until there is an exit clearly in sight.