Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Saint you’re forgetting nearly 1m in tax rebate. Which will help settle things short term heading up to the fund raising for FDA. Also they’ve got 600k from RF recently, so even more of a safety buffer!
State all the facts chap xx
FAB sold down to just over 3%. With further smaller dilutions. They are now under the radar on a free run. They bought at 19p and appx doubled there money when they sold down to 3%
I’d guess on Trev being on an average of around 14-15p
Skip we have a bank balance of 1.8mil and had a dodgy share grab instigated by Trev for 216k. So there’s definitely an ability to invest. But Trev doesn’t want to be giving it to current holders, hence his constant grab for options and not sharing the investment opportunity with shareholders.
Like mentioned they could be open to shareholders on investment opportunities at the AGM, but they’re just after getting proposals 6&7 over the line to line their own pockets with discounted shares.
What’s he after 29% at the current price? 9-10p?
Explanation of Resolution 7: This resolution, proposed as a special resolution, supplements the directors’ general authority to allot shares as conferred on them pursuant to Resolution 6. Section 561 of the CA 2006 requires a Company proposing to allot equity securities to offer them first to existing shareholders in proportion to their existing shareholdings. If passed, this requirement will not apply to allotment of shares for cash up to a nominal value of £300,000 being 27.95% of the issued share capital of the Company. This authority enables the directors to raise additional equity capital through an issue of shares for cash. This authority will expire after one year or at the date of the next Annual General Meeting, whichever is earlier.
What tosh. So if we vote 6&7 yes, then regardless the first 15 million shares won’t need to be offered to shareholders as the requirement to do this won’t apply.
@Bennster this is worse than previous, as it’s confirming they know they can offer out the shares but aren’t willing too. Time for a chat with Viv
For those not already aware of the AGM and the voting points. They are in the last few pages of the annual report using this web address https://braveheartgroup.co.uk/wp-content/uploads/2022/06/Annual-Report-and-Accounts-2022.pdf
Make of them what you wish. But considering we’ve got £1.8m in the bank and that recently they diluted shares by over 2% to get more money to invest. To date no investments have been made, so what’s to say diluting again by another 27% is going to improve investment opportunities?
Need to vote by 11 July so get those reading glasses on
Think an increase in value on the balance sheet is more likely for Phasefocus at this point. The sale will likely come between EoY reports out and mid-year at end of September. It’s a free period for Trev to wheel’n deal for max gain
In August the carrot appeared after Trevor ate the last one. Followed by the vanishing carrot since January this year. The speculative carrot is from Mid-Jun onwards. Hold tight a little longer and hope Trevor’s buying in the open market has a reasoning behind it
They are doing something. Audit paperwork, so it’s a closed period. Clearly Trevor won’t offer any information that’s positive as he can’t take advantage of it. Probably the reason they’ve not invested the £215k from placing, as any positivity at present isn’t in Trevor’s interest until the EoY reports are published.
You know that once they get the share price over 31.5p for 10 days, they then have to wait until May 23 before they can buy at 14p and that for the other half of the options the share price still needs to be over 31.5p plus 20% and then still can’t buy at 31.5p until Oct 22.
Yes TB and Viv have other BRH shares they can sell, but these options are a slow burner for them. 31.5p isn’t their only target price
IMAO, TB is using the cash from FAB sold shares to buy back in here CMH and IQAI. The shares held by FAB are now a free ride, they’ll sell eventually on the tell of grandpa TB.
It’s as some have mentioned in the past. A cycle of TB and he’s fairly transparent, when he sells the it’s time to jump ship too as the latest rinse has been completed. So much bull*^%# his return from nearly retiring. The only time he’ll retire is when he’s cased in wood and 6 feet under.