Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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With the slow release of the rns coupled with the earlier change in reporting date I decided to fully get out . Very disappointed if honest but as others have said there seems to be a history here not withstanding this mess of talking big but not delivering. Good luck to all who remain, I hope it comes good for you.
So business is âin line with market expectationsâ. Market expectations as declared by SRT were that, when y/e was March 31, H2 would shoot the lights out.
I assume the same applies to the H2 + 3 periodâŚ.?
Be interesting to see if he clears his name, in the shirt time I've seen SRT mentioned he seems to over promise and under deliver
Well we've got our statement. I suppose that's as much as we can expect at this stage, and I fear this may rumble on a bit. From the highly informed viewpoint of a bloke sitting in an armchair in Leicester, I expect there are both political rivalries and pressures such as kickback on the policy from some in the fishing community to factor in, not just any sharp practice there may or may not have been in the awarding of the contract.
The fact that this all started two years ago and this is the first we are hearing of it is not on , so I've sold most of my shares , I'll keep a few in case it all comes good .
I had a chat to the FD at one of the AGMs some time ago. I had done a lot of business in the Middle east, and was interested in what doing business was like in smaller, growing countries these days. He reassured me that most countries were desperate to show they were ethical places to do business that there was no back handers or late payments these days.
P/ E of 500 and a spread of 10%. Shame but I think SRT is uninvestable. They were very naughty over spinning prospects when they did a 40p p/s capital raise. No they have consigned themselves to the serious investors rubbish bin.
Silence, especially in that region , implies guilt. You need a response that your supporters can get behind. At the minimum you need to stabilise the share price. No rns, further falls
That article (which is all I have seen on this subject is a Malay article. yet it's written as though their Government Officials have been charged with wrong doing. What's a Phil contract got to do with Malaysia?
Whether Simon will respond today depends on many things - where he is, what his plans are and what legal advice he's receiving. Right now for the company issuing the right statement is more important than issuing it NOW.
After series allegations that in my opinion will affect other opportunities I am surprised given the share price fall that there has been no response from a company that is normally so good at talking itself up . Concerning
Also surely Ocean Infinityâs DD would have cleared the contract before they put their ÂŁ9 million in ?
Something weird here. The contract was announced over 2 years ago and we have been led to believe that installation has been in progress since then. If, as seems to be the case, the issue is that various individuals have conspired to get the contract awarded to a UK company by creating a dummy French company to qualify for French government funding it doesnât seem credible that the contract would have lasted 2 days never mind 2 years before someone was asking questions.
Tucker needs to explain before the markets open tomorrow.
Sorry all, I thought I was reading a UK publication. Just noticed it's Malay, which clears some of my confusion.
Goodapple, very well found. I've read it and am confused on a number of levels. Any clarification would be much appreciated,
What exactly are Graft charges?
"P2.1b" - Does P stand for pounds? Why not use ÂŁ which everyone understands. If not what does it stand for?
How come the BFAR folk who have been identified sound like Italians? That also applies to the BFAR man who has been cleared and the lawyer who raised the case.
I don't see how a British Company winning a contract rather than a French one is disadvantageous to the Government (assuming it is the British Government.)
It sounds like whoever is making the ruling assumes companies providing transceivers and maritime monitoring services are ten a penny and that The Philippines could have chosen a whole host of suppliers.
I see there being a lot of activity in the coming days, clarifying all this.
I think Simon has to provide an explanation to shareholders as soon as he is able
Ah. Oh dear.
HTTps://malaya.com.ph/news_news/ex-bfar-officials-face-multiple-corruption-raps/
The only thing I can think of is the $180 Mill contract that was signed last May is now not progressing or at least in serious doubt. We've changed our year end to accommodate this so perhaps it a make or break deal that looks like breaking?
What the hell is going on with this, come on Mr Tucker, time for you to keep the small investors informed, not just the big boys so they can dump share ahead of bad news being announced.
Not good enough.
I've been invested here for some years now and the jam is still tomorrow !!
As you say no news as far as we know , but some chunky sells there . It's tempting to buy a few more at this price but too much experience of falling knives lately so I'll just continue to hold for now.
So this is just lack of news, right? Right?
While the sp languishes awaiting news of UKEF or other positive contract developments, I offer a little shaft of sunlight from across the Pond.
I mentioned a while back that SRT's new main distributor in the USA has a website which provides daily updates of best selling brands and products.
SRT transceivers have featured fleetingly (yes, yes..) a couple of times over the last couple of months, but this week is the first time they have held on to top spot for a couple of days.
If you check it now you will see Em-trak A200 Class A in pole position.
And next on the grid is a SI-TEX model which is clearly SRT rebranded.
It's just nice to see something dynamic reported in the otherwise silent SRT world. ( Yes it's time for another Gallery photo at least )
So for those still interested - and awake, I offer:
CWRdistribution.com
>Marine Navigation & Instruments > AIS Systems
Enjoy the moment - I did.
.."My mistake.They aren't Israeli owned-i was getting mixed up with MTI Wireless Edge,another of ST's shares..."
Mebbe worth clarifying that this ST = Simon Thompson of the Chronic Investor and not Simon Tucker of SRT !
I nearly had a heart attack, on first read ;-<
ATB
My mistake.They aren't Israeli owned-i was getting mixed up with MTI Wireless Edge,another of ST's shares.
Thanks for that. I looked on the website but could not find it. I try to keep track of shareholders, and some of the %s I quoted may be quite old - the last time I'd seen an RNS about the shareholder's holding.
A lot of Private Investors - ith HL & II up there.