Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Dear LOTM-13
Not sure what to do. And don’t have a lot of time to research and/or make up my mind as I’m going on a 3-week Road Trip next week!
I’ve read the recent threads here & briefly broused the RNSs, so I’m up to speed with this Rights Issue now. (I’ve participated in RIs before. But this one seems more complicated, especially with the 20 for 1 Consolidation & the 6 for 1 RI ie 6 for 1 seems a lot)!
I originally invested £5,250 and had 6,250 Shares before the Consolidation. I’ve now got 312 Shares & 1,872 Rights.
I didn’t particularly want to have to invest more money in SYNT until this Rights Issue happened. Especially as my funds are currently invested in other Stocks, etc., so I’d probably have to Sell something to free up the £3,688 required to Buy all the Rights.
But equally, I like SYNT and I don’t want to be diluted or miss out on cheap Shares or miss out on an opportunity to Average Down at a cheap Price.
What are my Options please?
Thanks, XTW2
TerryMC1 is talking tosh. Look at Newcastle Coal Prices over the last 12 months. It’s cheap today in comparison. This is a highly accretive acquisition, and in a different geography creating improved diversification, and the best grade of Coal, and selling to different markets to its SA Coal. What more do we want to improve our Dividend prospects?
No, KCRCR, the next Trading Update is on 6th February - https://ir.darktrace.com/financial-calendar - so the 30/31 day rule can't be right either. Who knows!
Interesting timing of the RNS release re Poppy buying. On 4 consecutive days there’s been/will be positive action or influences on moving the SP up: 1st day BoD’s initial rebuttal, then 2nd day detailed rebuttal + Share Buybacks + Employee Share Scheme Buys, then 3rd day (today) the positive hangover from yesterday’s late Broker Buy Recommendations from Numis & Berenberg with TPs of 520p & 600p, and now for the 4th day (tomorrow) Poppy’s perfectly timed RNS Director Share Purchase, no doubt designed to carry the upward trajectory in SP into a 4th day.
Poppy & her BoD should be congratulated on their strategy and tactics in keeping up momentum against the evildoers, scum of the Earth shorters.
What next I wonder? A sizeable donation to the Royal British Legion Poppy Appeal perchance, to enhance her popularity even further!? ??
Buys have now overtaken Sells according to lse, so Price should start trickling higher as Profiteers exit.
09:02: It’ll take a bit of time to get rid of the Profiteers who Bought sub-200p yesterday and are Selling today to make a quick 7.5% Profit before the Price starts to rise steadily.