Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The forum has no control over him. Have you tried addressing this issue directly?
Director buy
https://www.lse.co.uk/rns/EML/directorpdmr-shareholding-zvrjjj9igaugjh2.html
Noice
Thanks for checking, nice to know I've probably not gone totally insane, although hands up I did get tripped up by the waltz
I concur the directors breakdown is the anomaly.
It's the ambiguity of the English language.
Everyone is right.
They're free to grant, they're not free to take up.
I think you're right actually,
Apologies for my maths gibberish
In my defence the tables with the breakdown for each director have thrown me, could they be wrong?
It suggests 3 * 1,296,250 for JM when actually I think it should be
972,187.5
972,187.5
1,994,375
"The offer is to "flog" 25% of the options after 12 months at £1.68, another 25% of the options after 18 months at £1.72, and the final 50% of the options after 28 months at £1.76“
If that is the case I have totally misread the RNS and shall retire my account for the week
My 5% figure is wrong though it's probably closer to 4.5% I've read the wrong column in the original table the new awards total about 9 million shares.
My sums are based on prices of 25%, 25% and 50% is that wrong?
Because there is a table that shows the size of the allocation to be the full number of shares divided by three.
I.e for JM it will be 3 x 1,296,250
All this is actually assuming delivery and a full take up.
Overall they will be getting shares sold to them at 1/3 rd of the value at the time. Perhaps I shouldn't have use the word current. ( It would be current then but not now).
So 3 tranches ( a third each)
25 * .33 +
25 * .33 +
50 * .33 = 33%
So with 11 million shares being around 5% of current value ( I'm sure there's other outstanding dilution) we've decided to dilute by around 5% two thirds of which (3.3%) is for free in rewards
Whether or not that's reasonable is subjective, but if you think my maths is off I'm here to learn can you show me where I've gone wrong?
My maths is slightly off
A third at 25%, A third at 25% and a third at 50% is 33.33 percent.
Thanks so they've announced 11 million shares in total, what's that around 5%? And will flog those for around 30% of there true value.
The strike prices are conveniently low as well, they only look decent because of the last months share price movements.
I'm all for rewards etc but it seems like quite a lot.
How much are they paying for these shares if looks like dilution to me
Just missing a mic drop.
I can't fully speak for Wasarunner but my guess is being a long termer he has one eye on Vermelho and the production of nickel sulphate for the battery market.
Here's a reason why it matters.
https://nickelinstitute.org/en/blog/2022/march/will-the-eu-s-proposed-battery-regulation-drive-the-global-esg-agenda-for-battery-raw-materials/
Some quotes as it's very dry and long
"Any company placing batteries on the EU market will have to comply with the manifold requirements in the regulation, independent of whether they operate in Europe or elsewhere in the world.“
'is likely that the European regulatory framework will serve as a blueprint for legislation in other jurisdictions or private initiatives elsewhere in the world“
“The carbon footprint of EV battery production is significant, and battery raw materials are one of the main contributors. To reduce greenhouse gas (GHG) emissions and promote the production of low-carbon batteries, the European Commission proposes a three-step approach via new mandatory requirements“
Of course we might not go down the battery market route and it's a long way off, but IMO it's wrong to discount ESG credentials for a nickel miner.
I'm not sure I understand the comparison between a nation state and a company hoping to supply the nickel market with green credentials.
Classic buyers strike.
The adage "When The Time Comes To Buy, You Won't Want To" seems true. If this was £1.40 and rising people would be raiding their piggy banks. It's a strange old world.
I'll be occasionally topping up at these prices fwiw. Long term outlook for nickel good and stimulus will come sooner than people expect (certainly from China). I won't be backing the van up though.
Finally ... I need to grit my teeth for this bit
Well done contarian, although I tend to keep my specific price predictions to myself I really never saw this hitting 5p again (in old money) 6p maybe but not 5p.
When talking about building the mine on time and budget let's not forget about the contingency.
· US$25 Million Cost Overrun Debt Facility ("Proposed Cost Overrun Debt Facility"): Orion is proposing that a member of its group provides the Proposed Cost Overrun Debt Facility to be used, if required, for the construction of Araguaia. The Proposed Cost Overrun Debt Facility is subject amongst other things on definitive documentation and would form part of a total of US$99 million in dedicated cost overrun funding and contingency funding for the Project”
... and yes I do believe there is 'jam tomorrow' and quite possibly some cream to go with it, it's one of the very foundations of investment as opposed to trading.
FWIW not me.
I like my investments to go through a steel man argument.
As long as there no major insults or deliberate sleight of hand I have no problems.