Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Plaza, thanks for the good intention to share whatever has been said with us, but it's hidden behind a 'sign in' which requires an account, which I for one don't wish to have.
Can you elaborate for us?
Groan!!!
Well put Robbiee.
Now that IP have joined the fray, SMDS is rising, as we might expect, but also so is MNDI. Can anyone explain the logic in that?
Susssex does make the point however that IP trades on NYSE in a currency and a time frame which are different from ours.
The extra value is welcome but if this were to go to IP I think I would be tempted, as a consequence, to sell out and use the funds elsewhere.
In terms of the 1381/373 split, MNDI has now risen above that. Pity SMDS didn't keep pace; we would now be above 373 had it done so.
Sorry for the abysmal typing!
shorting, increase, banned, harmful.
Clumsy fingers getting worse!
A quick Google shows both sides of the argument about shoerting: For: it improves liquidity in the market by temporarily effectively increasing the number of shares available and dampens the enthusiasm for over zealous buying causing stocks to overheat. Agin: It surpresses growth and can cause problems for companies to incfrease in value, recruit staff etc.
What I hadn't realised was that the UK government temporarily banned shorting during the 2008 financial crisis, and that Europe baned it during Covid, though on that occasion the UK didn't follow suit.
Logically that approach in itself suggests a hartmful effect, so why do we put up with it, just so a few can swing the market and make a quick buck? Hmm!
The clear implication of Swingman's statement is that shorting is a form of market manipulation and to my mind makes a jolly good case for everyone to support the petition on the government web site to make shorting illegal.
I've been toying with what to do here, but have been chary about putting more money in as I'm just nursing my bruises from SED having gone base over apex and sinking probably without trace. However Chellybaby and Plazahot both making positive sounds got me motivated and I've followed suit and got my average down to something a bit more sensible.
Thanks guys!
Fingers now crossed the momentum gets going for us all.
There look to be 13M bought in 5 trades alone after hours.
Jefferies "said the strategic rationale for the merger with rival DS Smith is "compelling", with "substantial" synergies and value creation."
Maybe that will help get things moving in the right direction.
There was over £1Mworth traded at 490ish after hours, and not including the UT
"You should note that if the delisting goes ahead you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell it at any price."
This amused me, and I queried it with HL as the implied inference is that I could sell before delisting, though I know there is no chance of that. They rang the brokers to prove it!
I've received a message from HL this morning that the shares will be delisted on 4 April (caveat: unless anything happens in the meantime. I managed to winkle out of them that they will tell me if anything does happen?!). Failing that the shares then sit in my account until such point that the company is finally wound up and the shares become of nil value. HL will then just remove them from my account and at that point I can claim that as a tax loss against anything I might make elsewhere in future. Great.
That's a tad over 15 million shares in total in the two sells (if I've got all my decimal points in the right place!).
I find two things about this somewhat odd:
The MNDI price kicked off this morning well down, but as you say is now picking up.
If you look on the MNDI chat board there is zero mention of any of this! It's as if they don't know, or maybe care, about what is happening. Oh well.
Well put, Mike! It has to be so because the agreed ratio of ownership in the combined group has to be 54% Mondi 46% Smith.
Yes, it is up to MNDI to either come up with an offer, or walk away, by 5pm. Until then SMDS continuesin the state of being in a bid situation which would presumably be concluded by an RNS saying either we have accepted, or there's no deal to be had. Then we would know and then the share price would react.
Looks as though it was a bit of a scramble to buy in the last couple of minutes of trading. Hope or optimism?
Either way it would warrant an RNS which could be from 7am before trading opens or after close of trading before 5pm. I suppose it could happen intra-day but there would be a big shift in SP if it did! Or there could be an extension, as your extract says. It's wait and see time.