Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"Our own Investor relations, Mr Pond has admitted to selling a chunk last summer.
He knows what's happening."
I assume you read his full post and so are aware of his reasons for selling, but you chose to omit that from your comment...it would seem to paint the view he sold knowing the share price would fall / the financing would take longer than expected etc?
You even phrase it as a statement, not a rhetorical question. Brave thing to do to a lawyer.
Agree - effective coupon for the bonds with copper ot $4.30 is 9.55% !
On your dividend point - I recall form previous investor presentation RW saying that he hoped the fist dividend to be payable to shareholders would be the repayment on the loan to Konnex which has built up over time.
It is a few years ago now, but the outstanding loan amount is roughly x2 the current market capitalisation of the company - so buyers at current levels could well see an initial yield of 200% on their investment within a few years...with ongoing and subsequent dividends from production free cash flow being a significant percentage as well!
Go to your bank and ask for a $10mln unsecured loan. See what you're offered
Fair enough and well played on your prior trades.
I suspect news of funding (which is in all likelihood the main catalyst here to get the sp over 17p in the short term) will see it sails past 17p and on towards previous highs in relatively short order....it is the huge uncertainty weighing down sentiment and investor confidence
As such you could well be selling at the inflection point...although emotionless de-risking is a solid AIM strategy in the current environment
You can have a free carry at any price around the current sp to de-risk totally?
Unless you have massively added in the recent week or so, that suggests you have been invested here since the sub-10p dip in 2020
A jump to £750mln mkt cap??
From an objective viewpoint, on what basis is this achievable (asking as a holder, but one who is always cautious pre rns')
I would query the release of disclosure of existing notifiable holdings - where are they?
As per here: https://uk.marketscreener.com/quote/stock/SUPERDRY-PLC-6064359/company/
When have;
HSBC (16%), Gatemore (3.6%) , Abrdn Asset Mgmt (2.94%), Canaccord (2.6%), Oasis Capital Partners (2.44%), Natixis (1.9%) and Janus Hendersen (1.8%) ...released 8.3 form disclosures??
Only one rns is of any relevance, that for Mr Scott
The 8.5 notifications are merely dealing notes from market principals...they can be ignored
If that were the case, he'd have sold the entire stake
First Seagull is a one-man band (Stian as the investment manager).
https://www.linkedin.com/company/first-seagull/about/
Where is that? not seeing a holdings rns for him
The 8.5 ones are essentially meaningless as they merely announce market principals are buying and selling on behalf of clients.
8.3's are the ones to watch (and the Form 8 ones from JD himself too)
Which looks to be on a technicality (as they are not required to disclose offeror).
Doesn't change the fact their holding is for the offeror
A form 8 holdings increase from JD now (to a similar extent of the 1st Seagull sales) would definitely put the cat among the pigeons!
They published how they felt it was under valued. They are a fund and will manage risk (unlike many pi's)...hence the trade to reduce and bank profit.
Dunkerton confirmed he was looking to finance a bid. That situation is still in play until confirmed via a rns
First Seagull - buy 5%, state it is worth multiples...former owner muses about making an offer, sp doubles.
First Seagull now cut investment by 60% (essentially now a free carry).
Nice business model!
Still waiting for other significant shareholdings to notify and confirm
https://uk.marketscreener.com/quote/stock/SUPERDRY-PLC-6064359/company/
What tempers me to your comment is the lack of market response to the rns...if this were the final purchase prior to a nod & formal offer, the sp would be reacting.
Only disappointment is the purchase being declared is just for 5,200 shares