Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
@tyneagle. May I suggest that it is you who needs to get real. If Anglo are going to stop the tunnel construction then Fraser could have done that before awarding the contract! Anglo is effectively evidencing the incompetence of Fraser and his chums when it comes to how the mine should be built. As for the shorting by JPAM, are you blind to the reality of a cause of the difficulty in securing funding?
This being the case then Fraser and his chums should have done the same 6 months ago to preserve the value of existing shareholders shares and create extra time to find additional funding.
Without the tunnel people can object to them transporting mined poly by road through the national park. The whole point of the tunnel is that there is no visible impact on the park. Scope for investors to start campaign to create problems for Anglo and increase their costs
Belief is not a valid excuse. He knows full well that until a requested guarantee actually exists then there is NO guarantee.
For those blaming voter turnout/lethargy, please be reminded that that the real problem is nominee accounts. It is the voting system that is the problem. It needs changing such that corporate actions must be notified online with options to vote yes or no
Sounds like more grease money to buy Fraser and Grimshaws shares
You would expect a journalist to carry a powerbank as standard issue
Awarding contracts with value in excess of current available funding, and appointing a financial advisor whose associated company shorted shares to death is how it got to "terminal". Blaming government is just a convenient but irrelevant excuse
Getting really really desperate. Now the clown is trying to hide behind a Fraservirus excuse for not being able to get funding. Pathetic!
Chairman may have the option to address share splitting, but needs to act fairly, so would need to take account of who bought the shares and not a broker who holds those shares as that would deny the rights of those who actually bought the shares
It should not be passed on to anyone by HL, for the very simple reason it would affect the share price. It should be kept confidential
This is a matter that Fraser must explain. You do not appoint a financial advisor without terms and conditions that prohibit that advisor or its associated companies from shorting when that will adversely affect a funding exercise
You mean the families that would never have had that income in the first place if we had not used our hard earned income to create jobs for them? Please get into reality land. We are not a state benefits provider
Read more carefully instead of changing words
Plus, of course, a government guarantee does not necessarily involve any tax payers money, especially if the mine gets up and running successfully
The mine would never have gone ahead without our equity. Full stop. And there would have been nothing generated for the area. SXX needed us just to get it started. Have you conveniently forgotten that reality?
Whole thread on Glass Lewis and ISS wiped. So let's try again. Anglo and Fraser must be getting desperate if they think Yorkshire investors are going to take any notice of a couple of US firms they have never heard of offering their two pennyworth.
Error, you seem to have forgotten who chose to employ JPM. So need for calculations and assumptions. The employment contract for JPM should have made it very clear that there must be no shorting by them or any of their associated companies.
If they call in administrators straight away they instantly wipe out their own shareholdings, so they may instead talk to anyone offering funding including what they previously rejected but don't want us to know the details of
Which I would imagine is why QSI previously offered a bridging loan and may do again to protect their bond and shareholding if there is a no vote