Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
That's exactly what will happen. It's down to you to decide whether that mass sell off will leave the share price above or below 8p (if you buy in at 50p)
My opinion for what it's worth is it will get close, then investors will realise it has left the company with a ridiculous MC and it will rise again.
Well they're giving out Ā£15m in dividends at 42.5p, that means the remaining Ā£3m is worth 8p. Giving a share price today of 50p for their cash reserves which means we have no value allowed in the current share price for their investments.
I sold out about 2 months ago after being here about 2 and a half years. I spent every morning for about 2 weeks terrified of seeing a 1 about that RNS button and ended up buying back in. I think it's got me for life.
In for the ride, bought a few weeks ago at 7.8p, watched it slowly tick back down but looking a lot more positive now.
Also, it still amazing how many people invest their hard earner and don't understand the difference between share price and market cap.
Have a look on my twitter @DStorey89
I'll leave it on for 10mins for you to grab the photo.
MM's want this up now, looking good for a run.
Quite even but it's changing very quickly this morning. Looking more positive than negative though.
MM's having a laugh here, 0.035 - 0.040 spread but you can but you can buy at 0.037 and sell at 0.036 so everything shows as a sell.
Up almost 30% this morning with no RNS, ramping on the BB and people getting involved without level 2 visibility.
Plays straight into the traders hands.
It's a fair point and I would share your concern if it wasn't for a couple of things. Sirius had seen the benefit of the product on the share price and it was rising to reflect that, our market cap is Ā£4m. If we we're sat at Ā£60m with the company saying they don't have the funds to continue the drilling programme I'd be concerned. Thankfully that's not the position we're in.
Simonsfuture, it's not on the verge of a rise... put it that way.
I change my mind over whether I would prefer to see a sale or JV almost every day. At present we know we havenāt got the cash to complete a full scale feasibility study which does worry me that if a sale went through we wouldnāt understand or achieve Torals full value.
I think I would prefer a JV along the lines of GGP and Newcrest. Where the percentage of ownership is determined by the JV partners expenditure upon completion of a scoping study.
Iāll change my mind tomorrow no doubt.
That would be 10x the value. They got a decimal in the wrong place on a trade, it will be adjusted out.
I'm all for positivity but come on.
Its about to rise again on a couple more buys, 1 MM controlling this price though.
For me this was the key line
'What you will never hear us say is that Toral is up for sale and that is the only way we are going to go because that would be very stupid'
I take that as, we are looking to sell Toral and that's our number one option... but we can't openly rule anything else out.