Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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PS Still own some in my SIPP so still involved and need a reversal. I'm in the same boat as many and lost a few years savings in here from 2018 onwards adding.
For me it has been a lesson in investing and diversifying. Single shares probably should be play money and rest in funds now for 15-20 years
Thankfully sold some at 93% loss instead of 96% lol. Surely what they own is worth multiples more than £15m Market cap if administrators get involved.
Lamps
dunno m8,the bottom line,is the comps at the mercy of the vanadium price.
and can the comp,gain funds to keep it going,until the v price improves.
you cant blame the bod,or certain poster for commodity pricings.
anyway,,gla....ime sure the bod,will be trying everything,to improve the situation
What now ?
There is "ore " in the ground but extracting it commercially is key here.Some oil and gold mining companies were in the same position but dont think you can compare vanadium with them two commodities.Company has debt to pay and there is no cash flow at the mintue plus it is not making any money at current vanadium price.This cant go on forever.
Thanks Troajan, about to say the same. Market doesn’t seem to have the same pessimism as some of the doom and gloom merchants who have lately reappeared on this Board. I just reduced my average considerably. Vanadium ore still in the ground and record production figures. Will be back to yesterday’s levels in no time.
Actually.....buys are ticking this up atm
over the ask,is being paid
And no buys in sight. Sorry to say (and sad) this seems little more than a dead duck.
The bigger issue is, even if cash was found now, which for what it's worth, I think it will be, they are kicking the can down the road. Costs are higher than the price they are selling for and there is no sign of a recovery in V pricing. It needs a sudden and rapid increase in V pricing, and I don't see that happening. Stakeholders/funders at some point are going to want a bigger slice of the pie, ie a controlling equity stake rather than a loan note, and at that point it's game over for the shareholders here.
You mean sub 0.5p coming!
Suspending these operations would choke cashflow and that would lead to a possible default.That is what SPR wants probably.
Wow, this dropped off. Just as ya think it can't get any lower... Bushveld proves wrong.
They are looking with stake holders to resolve the cash position. Ooh raise at what price now?
when?
Boom!
Did your AI tool malfunction?
BOGOF buying opportunity for feral tiggers?
Not so good for the Eeyores of this world!
Just bought some shares here this morning. Sure it looks grim but there is plenty of cash due in from a delinquent investor and capital sale proceeds. Maybe the announcement is just what is needed to crystallise action. Looking forward to this afternoon’s call - should I be able to make it. Gla
Absolute ****
Many were optimistic but crook management had a part to play in it.Got to say looks like Fortune is involved here somehow, it is funny to this new entityhas not coughed up cash at this critical time.
Th
Dbh1956dbh, quite the opposite, I feel sorry for those that were taken in by the narrative on this board. I and several others continually warned of the red flags in financial statements, RNSs etc but these concerns were laughed off by the "experts" who had another agenda...
These shares traded at 45 at one point I believe. These assets were acquired at the expense of shareholders and now they have disposed them off at shareholder's expense.Worst thing is whoever will foot this funding shortfall would take a big chunk of company for peanuts.
I was briefly invested about 4 years back. My goodness regarding how things have turned for the worse. Shocking Mismanagement. I hope shareholders recoup their losses. I seriously think that there needs to be really tough regulations on AIM in order to protect shareholders as management at AIM companies seem like politicians - unscrupulous and without any ethics
Whatever way you look at it it is disastrous for shareholders.They need money for working capital,they need money to pay orion and they are not profitable at this level.Aim at its finest shareholders will be shafted royally here.
I assume sarcasm. Its a question of not if but when. I doubt the company has got the finances or appetite to take legal action against Arcadia. Can't make any profit at those costs and suspect overall its loss making. Have to find 7 million this quarter to pay Orion. I think that Orion could claim a share of the mine but maybe they have something to cover non payment in the small print. Nothing should come as a surprise to anyone who has followed this for the last year or two.