Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Picstock "Really this dam disaster couldn't have happened at a better time, combining with a depressed commodities market to create an excellent sp entry level for a long term investment. The federal response to the disaster may be overplayed judging by history." How shallow are you? How low can you stoop? Millions of people displaced, land poisoned in perpetuity, an ecosystem destroyed. All you care about is a few miserable quid invested in an environmental vandal? What a lowlife.
Doing well now off previous lows, excellent prospects and a decent dividend, roll on. Brazilian fed government are not going to destroy what has been a beneficial relationship with blt. It will be business as normal before you know it.
The assets are only equipment probably long amortised and a few other items. If the judges etc play hardball then BHP will withdraw and leave the mine share to rot or sell it to Vale. It is not corporate critical to continue mining from BHP's point of view. They are doing their best to alleviate the situation and get the community back to work and prosperity. These things happen in the mining world. The Brazilian judges just want backhanders. Its accepted second nature to them. It will be all sorted at a much higher political level than the judges. The most pathetic damage to the share price is being done by Paul Kiernan, the WSJ hacker, who is trying to make a name for himself - by being an outright BLT bear and champion of the ANTI Big Mining community. I would like to see some professional positive constructive journalism from him? Half the dividend? That's fine, as it will still be an excellent return from a company that has real assets, rather than dot com ones. They will also reinstate the present dividend one day, to maintain their policy of dividend growth.
BHP prepares to slash £4bn dividend Dominic O’Connell Published: 20 December 2015
Always the same, going well till USA opens for business at 2pm and down everything goes.
but still plenty of downside given pe...and valuation rel to rio
Couple of upticks in SP last couple of days. US has increased interest rates. Maybe the worst is over for this share?
laughable easy money here 3 bagger by christmas 2016
I moved over here a while ago and decided to buy in today. I set up a share dealing service on my superannuation/pension and put it all into bhp shares. Now to tuck them away and build the dividends. This will pass, 60pc of all power on the planet is still produced by coal. Oil has to go up eventually and a lot of marginal iron ore produvers and going to either go to the wall or put everything onto care and maintenance. I kow I haven't got in at the bottom but its close enough for me.
Market atm, not market arm, Bloomin phone.
First off I think you meant ceo. Although blt is a massive player across all of its assets it (and it's ceo) can't actually decide the price it gets for its products and it's that which is the main factor in dragging the sp down. The Brazil disaster kick started and turbo charged the drop and now the ? Over the divi is not helping any. Having said that, the recent crash I believe is a little overdone, it may not be the bottom yet it may test high five quid which is absoluty unbelievable really but that's the market arm. Think if you fast forward 5-10 yrs though, and look at the sp graph, 6-7£ will be at the bottom of a large trough. At least that's the way it should go but you never know with shares. Gl.
When will the bottom come? Do you think a word or two from Bhp's COE will calm down the situation? So far not a word in defence from COE, who is siting like a house mouse. Drastic situation needs drastic measures. COE needs to be changed.
If buying for the long term and scaling in gradually then yes - I did very well after 2009 on the big miners even though i missed the absolute lows by some way on most of them! Commodities move in cycles, so if you're holding for say 5 years or more, and are buying gradually rather than piling everything in one go, then would expect people to be sat on a very nice profit at some point in that timeframe! If you're trading or looking much shorter term, then play the trends and don't try and go against them!
Anyone think these are a buy yet?
Please explain
the price is too high
In Australia again tonight, another 3% down. When will the bottom Come?
It will be interesting to see what they do, I reckon the market has priced in a 50% cut and to be honest I'd be concerned if they didn't cut it, as they need to preserve cash in a depressed commodity market. If the cut is 50% I would expect a decent jump as it would eliminate uncertainty. At the moment people are bearish on this, but it will come good in the long term, it's just a matter of how long it'll take and how much the dam is going to cost us.
Half Yearly Results Announcement and Dividend Determination is on 23rd Feb. If they don't cut the 80p this share should fly as at £7 that is a 11.4% yield... if they cut it 50% to 40p it is still 5.7% at £7 so I would expect this to get back to £10 or more where the yield would be around 4%. My average is around £12
i am sure this will go down badly .
Can someone [please explain why miners are getting hammered as much or more than oil companies today when oil prices are falling steadily while copper, for example, is actually firmer today? I have no gripe as I am losing plenty in both sectors!
pe still high, markets getting worse...headwinds ferocious ..perhaps c5 for bounce?
2007 ...price
The dividend has not been reduced or cut since 1935! I am doubtful that it will be cut this time around. It is going to be a very big black mark against a CEO's name if the dividend is cut. The company has still got good cash flow and it is shelving projects. The divi takes about £2.7 billion per year to pay.
BLT specifically, next month will be watershed for the divi and the SP. Presumably there will be a cut (though going by history, not a suspension). The SP will take a hammering for following week during which bears should look to change to bulls and pick a bottom. I remain short until the announcement.