Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Well they you have it. A placing which I and a few others said was inbound. I held thinking a 10-12% discount wasn’t worth me selling and buying back but at 0.17 Naheed what were you thinking.
By the way there is an offtake MOU
I have supported Naheed but the last two fund raisers have killed the SP and any momentum we could have seen.
GLA
Lol I might average down a little bit. I’m in no rush and confident these will come good. I don’t understand why the 6m buy at 0.2375 was shown in black when clearly above mid price so should be blue.
All fun and games.
GLA
What have you heard? Is that a fact or an educated guess.
I totally agree and looks like it’s will be 0.02 this is my educated guess watching the SP action.
I still won’t sell any of my shares to re-buy and increase by 10% as further positive news might drop but it’s disappointing if funding is at this price.
I like many other are just waiting for this to come good we are getting there.
GLA
Good morning Legalwolf. Just to correct you again on this topic.
Kaheel Energy and ORCP have a joint venture for GH it’s 70:30 split
Kaheel paid £273k ORCP paid £117k into a BANK to progress the LOI
I am not sure how much clearer I can say that.
We are NOT giving money to a private company as you have stated on a couple of occasions.
GLA
Naheed has made it clear we need our 30% which will be 900k this shouldn’t be a shock to anyone who is invested.
Whether that’s spilt between existing monies and a dilution or maybe some of the sheikh associates.
I have said there will be a dilution IMO but we need the SP at a higher price to reduce the impact on shares allocated.
The good news is once is money is required it will indicate that ORCP are well and truly on the map.
GLA
There will be dilution but its all about the timing and price.
Naheed has already stated that funding for GH is readily available, I would imagine this will be via a connection with the Sheikh.
This would be fantastic as they would not sell or short the company.
If she goes elsewhere and gives a 30% discount then Naheed has failed.
If there is a raise for JV gold then Naheed has to show it is ORCP that own the resource and any JV will be on our terms, otherwise wait for Thar VI and GH and fund it ourselves.
The real money is in GH and Thar IMO. We are under CPEC so there are billions available.
Naheed lets think about a raise at a premium , it is rare but does happen our company has the potential to be transformational for ****stan and its current investors. The majority of hard work and suffering has been done do not place at a ridiculous low price.
GLA
I have only seen Reuters article. The opening paragraph is;
Oct 31 (Reuters) - Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders.
Who announced what to whom there isn’t anything that I can find.
My point is provide a RNS which is a necessity and watch the SP rise and HOLD.
GLA
You can’t have 170% rise without a RNS especially when there is an article in the media.
At the very least the price sensitive information in the article needs to be acknowledged as true or denied if false.
GLA
Agree it needs to go into a RNS if true and also if fake news due to the rise, either way there has to be a RNS.