Member Info for SeaHawk

Antha you clearly know nothing about business as for Art to tell us there is a JV in discussion, he must also inform us if it has fallen through. To not do so would be a huge problem for Art that could result in jail time. He is a twit at the best of time but I doubt he wants to finish his career in court.

Stas do you really believe a professional company like Ryder Scott would allow Art to reference their report and spout rubbish. No they would not, they would correct him publicly as they would not wish to be held to something not in the report. Art stated it was too complicated for the average punter to understand and having seen the stupid response to the yearly report which took us down from 16p to 6p Art was completely right not to release every detail but to give a summary. Look Art is a very poor communicator and its extremely annoying, I wish his daughter would grip that side of the company but I don't believe at this stage of his career he would want to be remembered as somebody who destroyed his last company and left his shareholders in the dirt.

The main problem here is funding and its been that way now for almost a year. I read an article this afternoon that stated raising money from institutions/banks at the moment for small companies is almost impossible, just too much uncertainty in the money markets. Throw in Bidens completely bonkers attitude to drilling/mining etc and you get what you get with the SP over the last year. This will take off at some point but finding the finance without crippling payments is going to be key and is why we are still waiting.

Nope I am still holding a wack but I was going to add on Fri but did not due the Presidents speech. I will wait now and see how things go over the summer before adding more. The RNS is reassuring but flies against everything he said on Thu. I expect there has been some intense discussions but I will want clarity from the Govt in a statement. There is damage limitation going on at the moment but there is still uncertainty.

There was talk of the offer being over 1BN but they changed the terms at the last moment which the board then turned down. Great shame as I suspect we would be much further forward if we had excepted it (of course it would depend on what they wanted for it). Mind you when they then raised money they raised it with ease and raised a lot.

Well I was about to throw in a lot more money on Friday thank god I didn't, to close for comfort! I will now wait until we get a resolution to this horlicks as with the nervousness of investors at the moment I think over the months whilst we wait the SP is going to sink and it could sink quite a lot. If we hen get a good resolution then I will be throwing money in as I expect it will be dirt cheep.

I hope they do a placing before end of Jun as it will shut all the naysayers up. When you invest in a company like this you absolutely have to expect cash raises its the nature of the game. I want them to raise some more cash and then put out a plan for the summer/winter, we are sat like lemons at the moment which will only lead to the SP bleeding away. I don't care if we are waiting reports as putting out there that we have 3Bn barrels of oil means nothing if you cannot get it out at commercial rates and no I don't think the rates from the last drill are commercial if you take in the drop off the flow rate over time. So we need to have another go and get it to flow without interference from gas. Jay and crew having caused a very nice drop in the SP when you decided to all cash up, could you kindly show some confidence in yourselves and re-invest, it will probably only cost you 20% of what you pulled out to get back the same number of shares. You did yourselves a big favour, now do us one, as confidence in what you guys are doing is waning, so says the SP.

Oh he has definitely pooed into the wind as this will bring an end to inward investment if investors thinks that he will nationalise companies at the drop of a hat. Hopefully congress will kick it out like they did with a mining bill he put forward but its a gamble and they are talking about this going to congress sometime in the summer. That's a long time for for this SP to sit waiting for a resolution. Really disappointed the way this is playing out at the moment this was my favourite share with outstanding potential.

Raising its in all the articles and the president has stated quite clearly he wants a controlling interest in all Lithium Companies. Minimum controlling interest is 51% and that is how many people and commentators have taken it, could be more of course.

Raising I admire your steely balls but and its a big but, they are going to take control of the company 51% or more. Please don't tell me that that's a good thing and overblown.

If you read the remarks in the FT article most people think this is a very bad move by the Govt. They are going to take over more than 50% of the company that's nationalisation by any other name. Are they going to buy their way into these companies, no chance that's not the way these countries work. So it will be theft. Good luck getting any big investors on board when this has happened as they will be funding a Govt owned company. The best hope is for the Senate or whatever it is called to vote it down but that is many months away. I am sure CTL will do there best to put a good spin on this but it is quite clear and you cannot say its not they intend to take at least a 51% stake in the company and will be expecting us to fund all the future work for them to take most of the profit. Anyhow lets see what Aldo has to say and that better be Monday or I am going to read into it that don't know what is happening either.

All good Trojan but it will not help us will it.

Lost they have no share at the moment, so are they going to buy in to make up for their take of 51% of the company. Bet they don't it's not the way of these socialist countries. They will take their tax money and then their 51% share of what is left. Magnesium is not going to make up that sort of money.

They might Trojan but they tend to be very big multi national companies who are prepared to take the risk because they have other assets. We are a very small company in one country that has just said they are going to take a controlling interest in the company.

I totally agree with you Chique this is a completely ill thought out move by the President. To announce it with no detail as to how it will work, will have a real effect on inward investment to the country. Stupid socialist/progressive money grab from what he will see as rich foreigners. The govt will need to grip this quickly one way or another and let people know the score. The SP is only going one way until they do and I am quite sure the asses who short will be all over this like a rash as they have a story they can tell and currently we have no real answers.

"The state will have a controlling interest in each private company". Not a lot to be worried about with that statement then? Not really a private company are you if the state has control.

Chique they will need to detail how this is going to work and quickly. Sensible people are not going to invest in a company when they have no idea at all how it’s going to work. If we are providing the capital, expertise etc what are we going to get back for the risk being taken. Looks to me like the President wants the money from lithium without taking the risk. Plus if he does this now what’s to stop him from just taking the whole lot over at a later date. Do you trust him? I don’t.

So the state will have a controlling interest in each private company. If that’s not nationalisation it’s as close as it can get to it. How’s it going to work in reality, we provide the cash they take the profit? At the moment if it’s all going wrong we can sack the board, we can’t sack the Govt can we. There needs to be a lot more detail on how this is going to work and it does not look like this has been thought through at all and it’s going to take time for the details to come out. The SP is going to take a hit until it becomes clear and that could be months away. This is going to backfire on the president and Chile. Calling for calm when you have just dropped this one into the business community is a bit of a joke.

Bluesky they need to get their finger out as we are drifting after a god awful summer/winter season. They could start by the team buying back some of the stock they sold off in the middle of the drill, boy did they time that right!! 20% would buy those shares back and maybe show a bit of confidence for moving forward (I am still furious they did what they did at that time). They desperately need to create some positivity and by that I don't mean another flipping webinar. Get on the front foot even if it means raising some money and get a realistic plan out there which includes what will happen if they don't they don't find a partner. A JV can take a long time to sort, upwards of a year or so when big money is involved we cannot wait for that to be sorted.

I wonder what the Govt has come up with, I guess we will all have to search the internet for some info.