Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Agenda driven once again......
A lot of good information given in that RNS but as always focus on the CUT paragraph that suits the agenda.
he Directors would like to stress that the authority is required in order to give comfort to the Creditors. With the near term prospect of receipt of the historic parcel and the benefit of current discussions with the owner of the Swiss investment company, and also with the expected rise of the Company's share price in the light of these developments, it is not expected that a material proportion of the requested authorities will be required in practice, or if required not at prices similar to the current share price
GLA Wontongue
Any sort of volume here and the price will only go up due to the amount of shares in issues now along with the amount of shares tied up in hands that will not dip out on a 10 per cent raise.
GLA Wontongue
@Pecten
29 Feb 2024 12:32
Miscellaneous
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
29 February 2024
Vast Resources plc(‘Vast’ or the ‘Company’)
Results of General Meeting, Capital Reorganisation& Total Voting Rights
Vast Resources plc, the AIM-listed mining company, announces that at the Company’s General Meeting held earlier today, all resolutions were passed and as such, the capital reorganisation set out in the Notice of General meeting will be completed. The proxy results for the resolutions are set out below:
Resolution 1: 84.10% in favourResolution 2: 86.15% in favourResolution 3: 85.89% in favour
Application has been made for the 928,607,357 new ordinary shares (‘New Ordinary Shares’) to be admitted to trading on AIM (‘Admission’). It is expected that Admission will become effective and dealing will commence in respect of the New Ordinary Shares on 1 March 2024. The ISIN Code for the New Ordinary Shares will be GB00BQ7WTT20 and the SEDOL will be BQ7WTT2.
Total Voting Rights
As result of the passing of the Resolutions, and as announced on 14 February 2024, the number of ordinary shares in issue has been reduced by a factor of six and as from Admission will stand at 928,607,357 ordinary shares of 0.1p each. This figure may then be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Vast under the FCA’s Disclosure and Transparency Rules.
@Wildtiger - you can see the children below need the price to drop to get the re-entry level for what they call the P&D, i personnaly think that we will have some good news before month end on the restructuring of the company with the new swiss investor All IMO but i dont feel the need to keep shouting it in CAPS lock saying Mummy, mummy please look at me like the others below especially 666
GLA Wontongue
Nice to see news rolling in now, good news needs to follow consolidation.
Look at the chart when the 2021 consolidation was done, you don't take away big shareholders shares by that factor without repaying them with a good SP rise, why did Mr David enhance his holding after the consolidation was announced? think about that.
You don't throw that amount of money at something that you know will decrease by a factor of 6 without knowing a big rise is on the cards.
ALL IMO
GLA Wontongue
Personally i am more enthusiastic about the upcoming news from the first shipment and sale of concentrate along with the prospect of the major restructuring of the company going forward.
The diamonds will be a bonus and will lift the SP with all the band waggoners jumping on board but only for a quick pump and dump from them.
I think we will hear some news next week as they will be eager to update if the first shipment has been sent along with the external assays being confirmed as good for the buyer.
ALL IMO
GLA Wontongue
Just a waiting game for multiple levels on revenue, we are overdue first shipment RNS, could arrive anytime.
As part of this arrangement, and on behalf of the Swiss investment company, Vast has received an offer from the Nikash Group to purchase PGM concentrate containing on average 15% platinum plus other payable materials and which is being marketed as a platinum concentrate. Under the offer, Vast will arrange the sale and delivery of, on average, two tonnes of high-grade platinum concentrate per month over a period of up to one year. Independent assays have been performed by the seller corroborating the grade of the platinum concentrate at 15% and execution of the final sales contract with the Nikash Group will be dependent, amongst other matters, on the buyer concluding its internal assays and inspection of the product. The estimated sales value, based on seller assays, is expected to exceed $100 million.
Consolidation is a good thing, less shares means that the new investment company can put a good investment in to a company with less than a billion shares driving the price in the right direction when the good news starts to flow in the coming weeks.
GLA Wontongue
I don't know if i missed this conversation but how do we think Mr. David has responded to the consolidation of his TR1 shares???
TBH i think in the long run this will come good, less shares will improve the price its up to us if we fill our boots on the way up or not.
Talking from someone who has not been here to long.
GLA Wontongue
ALGARY, AB, Jan. 12, 2024 /CNW/ - Canadian Overseas Petroleum Limited (the "Company") (CSE: XOP) (LSE: COPL) announces that is has requested exemptions under Policy 4, Corporate Governance, Security Holder Approvals and Miscellaneous Provisions ("Policy 4") of the Canadian Securities Exchange (the "CSE") with respect to the requirement for security holder approval of an offering.
In relation to the offering announced on December 29, 2023 (the "Offering"), the Company under Policy 4 of the CSE, is required to hold a security holder vote on the Offering due to the Offering including a number of issuable securities that is more than 100% of the currently outstanding securities, unless the Company qualifies for exemptions under Policy 4.
The Company satisfies the majority of the these requirements for an exemption as the Company is in serious financial difficulty, the Company has reached an agreement to complete the Offering and the independent directors of the board of directors have determined that the Offering is in the best interests of the Company, is reasonable in the circumstances and that it is not feasible to obtain security holder approval or complete a rights offering to existing security holders on the same terms as the Offering. The Company is, however, requesting an exemption from the application of Policy 4 as a "Related Person", as defined therein, is participating in the Offering and from the requirement to issue a news release five days in advance of the Offering, with the scheduled closing of the Offering being early next week.
The Company is requesting these exemptions from Policy 4 on the basis of the serious financial difficulty facing the Company at this time, as outlined in previous news releases and public disclosure.
Halted on the 29th December, "Pending News"
https://www.marketscreener.com/quote/stock/CANADIAN-OVERSEAS-PETROLE-46923061/news/Canadian-Investment-Regulatory-Organization-Trading-Halt-XOP-45651430/#:~:text=VANCOUVER%2C%20BC%2C%20Dec.%2029%2C%202023%20%2FCNW%2F%20-%20The,Issues%3A%20Yes%20Reason%3A%20Pending%20News%20Halt%20Time%20%3A
GLA Wontongue
@Pooboo You only loose money when you sell, why would they even think of selling at that loss?
This is a LTH investment on multiple fields for future development, Not a quick buck exercise like most people on here want unfortunately.
GLA Wontongue