Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Episode 208 :
https://www.youtube.com/watch?v=WfFIuF9gqas
Just read through and noticed this:
" We have exited all of Arix’s public positions and invested the proceeds and acquired cash into our own positions."
I'm not saying it was the wrong thing to do, just didn't realise that was the plan. Was anyone here expecting this?
Https://www.rtwfunds.com/media/uirpirpr/rtw-biotech-opportunities-march-2024-factsheet-q1-letter.pdf
Dustin Garrow - new interview with Lucijan Valkovic ("triANGLE INVESTOR") :
https://www.youtube.com/watch?v=u4ohOwaylXQ
Unless I've misunderstood, the mcap shown here and elsewhere (even their own Factsheet) doesn't take into account the 48.3m shares due to be cancelled at the next AGM. These arose from the conversion of RTW's holding in Arix that they'd aquired from Acacia prior to the merger - see 13 Feb RNS. If that's right then the "true" mcap is approximately (386.7m - 48.3m) x $1.32 = $447m = £354m.
On the other hand I think the SP is still due to recover around 10% in the short/medium term as the ex-Arix-holder sell-off peters out, which would bring it back to $500m/£400m. As well as FTSE tracker buying, those figures might well be self-imposed minimum mcap limits for some institutional investors.
More Crux :
https://www.youtube.com/watch?v=iIZ-MJW62Jc
Interview with Tribeca Nuclear Energy Opportunities Portfolio Manager, Guy Keller
Thanks Jay053, and another relevant Crux interview just in :
https://www.youtube.com/watch?v=fzQ2qsL1SMo
Hi myepic, many thanks for that update. I put in a formal complaint to Fidelity a couple of weeks ago, which they say they're investigating. If they don't play ball then you've now given me great ammo to fight back with :-)
So anyone else that's been given RTWG, probably best to hold off selling until this is resolved!
Numerco 8700/9000
Rick Rule's latest thoughts in 90 mins, possibly worth a listen:
https://www.youtube.com/watch?v=Rahb9fVpuZo