Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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In the auction that closed on 25th May 2022, no shares traded. The lowest offer was 0.01 pence per share.
The next auction will close at 4pm on the 31st August 2022.
My feeling on this is that shares are unlikely to trade until at least the next results are know. If going by the last year, these wont be published until November time.
Keep the faith everyone, whilst the aircraft are flying there is still optimism regarding the outlook for this company
IMHO / DYOR. etc etc.
They're not dead till the fat lady sings!!
Will our shares potentialy ,have a future value, or are they dead ???? Thankyou .
Thank you ksv21 and good to see you on the forum. I'm still patiently waiting for the news which was promised for mid-March – long ago already. The Pandemic set us back again unfortunately but reports suggest that people are now rushing in to booking holidays after the frustrations of being stuck in the UK. I'm not quite so naive as to think that that means crowds of Africans are snapping up tickets for fastjet's bargain ticket prices.
But my post a little while ago reported my discovery that flights were selling out with warnings that "only one (or two) tickets left" [on this flight] a day or two before departure. So like travellers all over the world, they are just as keen to have a vacation and visit fa,ily and friends after the two year ban.
Not holding now but did and remember the exciting times and the exuberance of the Stalwarts. Good fortune Marksman.
Well since posting that earlier, the site once again shows its frequently inaccurate tendencies! There are no flights to MQP until Monday 11 April when just three ValueFlyer seats are available at $255.00 inclusive. FlexiFlyer are at $405 each.
Great to read some positive news at last today as the new flight from Victoria Falls begins. It's been a lomg time.
Should have bought Bitcoin instead!
Yes, please do (keep this thread updated), Fossiebeer, whether there's good, bad or no news. Someone has to keep it going, ready for when we take off again. I echo again your final sentiment today with the new route in a fortnight.
Well I might as well keep this updated, from the Asset Match website:
"In the auction that closed on 23rd February 2022, no shares traded. The lowest offer was 0.01 pence per share".
No real surprises there, but good luck with the new route to MQP with first flight on Wednesday 16-Mar-22.
Join the Club, vbeckers! I am too embarrassed to declare just how many shares I bought every time they dropped, after following a well-intentioned recommendation way back in October 2013. I have kept them all (see my post of 24 January below!) therefore my loss runs into tens of thousands
It appears that fossiebeer MAY share my sentiment.
8½ years ago, the enthusiasm of several early investors was so high that we were christened "The Stalwarts". Sadly, they have all died off, judging by their total absence from this forum for a couple of years or more, leaving just me holding the fort! Or flag perhaps.
Anyway, I remain optimistic that we may be given some news towards the end of March when a new route is added to the service, together with a fourth aircraft, though the reason for that otherwise encouraging expansion to our modest fleet is unclear.
https://twitter.com/fastjet/status/1486779889944510473
https://www.fastjet.com/en/fastjet-blog/feature-articles/fastjet-introduces-victoria-falls-maun-flights
Looks like the 4th aircraft was for a good reason!!!
Hopefully only one flight has been affected and its not a long term outage.
If it ain't one thing it's another.
A FASTJET plane was Wednesday morning forced to make a u-turn to Harare after failing to land at the Joshua Mqabuko Nkomo International Airport in Bulawayo due to power cuts.
There was no backup generator available at the airport for the plane to make a safe landing forcing it to return back to Harare.
Wouldn't you think every airport would be equipped with an emergency generator?
At least the company can't be blamed for this.
I'm sure that's a sensible and logical conclusion, Fossiebeer. Your analysis, and indeed, knowledge, is deeper than mine! Maybe we haven't been supplied with all the information detail? Why don't you write or email Mark Hurst or Rashid Wally?!
I think I'll change my username to "BornOptimist"!
Good find Marksman, but I wonder why they need a 4th aircraft, the 3 they currently have are only being used maybe 2 or 4 sectors a day, nowhere near enough. Now if this 4th aircraft is for additional expansion, maybe routes to Cape Town, Gaborone, Lusaka maybe, then fair enough. But I don't really see the need for a 4th aircraft at this time with the sectors they currently have in hand on a daily basis.
The only other reason I can think of is this a Solenta aircraft which hasn't been used and they want it off their hands.
All Monday and Wednesday flights from and including Monday 11 April: FVA–MQP inclusive prices at time of posting this are: dep 10:30am: ValueFlyer $255, FlexiFlyer $405; dep 12:45pm: ValueFlyer $305.01, FlexiFlyer $395.01
[My full post was as follows:] Anyone still around may recall my post on New year's Eve drawing their attention to the positive news of "the introduction of flights from Victoria Falls to Nelspruit’s Kruger Mpumalanga International Airport (KMIA) scheduled to begin on 16 March 2022."
It then seemed such a long way off. However, according to www.chronicle.co.zw this morning at 11:01am, their headline reads “NWE: Fastjet [sic] adds another aircraft to Zimbabwe”
Their Senior Business Reporter goes on to write “Low-cost airline, Fastjet Zimbabwe, has added another Embraer ERJ145 aircraft into commercial service in the country.
“The latest 50-seater aircraft was introduced on Wednesday afternoon.
“Fastjet tweeted ‘The latest addition to the fleet has this afternoon entered service flying to Bulawayo.’”
In my book, there is no room for ambiguity in that statement. But, as they say “don’t believe everything you read in the papers”! Checking fastjet’s booking site, clicking any date up to and including Tue 15 March displays “There are no flights on the selected date”. But click in the next available tab and you’ll see under Fri 18 March, “Sold Out”! Ditto for the return flight on Mon 21 Mar.
So I’m afraid it’s back to Square One after all.
Anyone still around may recall my post on New year's Eve drawing their attention to the positive news of "the introduction of flights from Victoria Falls to Nelspruit’s Kruger Mpumalanga International Airport (KMIA) scheduled to begin on 16 March 2022."
It then seemed such a long way off. However, according to www.chronicle.co.zw this morning at 11:01am, their headline reads “NWE: Fastjet [sic] adds another aircraft to Zimbabwe”
Hi Jjjerseygirl – welcome to the fastjet forum. See my post dated 11 Sep 2021 when I commented upon how healthy fastjet's business was looking then with seats going like hot cakes. "Only two seats left..." etc.
Here. Quiet in the corner. Company still very active from my observations. No opinion on what it means to us when.
Still around and still hoping. I keep following FJET on twitter and on ASSET match to look for any updates and will post accordingly.
As I've said before, I'm only a small investor but 99.97% loss is the same to me as it is to you and wont throw money away needlessly, hence still have my holding. Good luck in 2022 for anyone else still holding, and lets hope things improve further.
Is there really no-one there? Not even the person who "liked" my post on Christmas Eve"?
Well, just in case there is, I wish you a very Happy and Safe New Year, but on this occasion, I'll add no more speculation about fastjet's future! But shall wait until the introduction of flights from Victoria Falls to Nelspruit’s Kruger Mpumalanga International Airport (KMIA) scheduled to begin on 16 March 2022.
Hopefully by then, we may also have seen the back of the Covid-19 pandemic and the new, more serious variant, Omicron, although that seems far less likely as we enter a new year.
Marksman – substantial investor since Spring 2013, and still holding!
I was wrong again; things didn't "only get better" in 2021", as I posted on Christmas Day 2020!!
So may I re-post what i wrote then, headed "To any "Stalwarts" still around" – (you know who you are!) – just with the dates updated:
"Greetings to any of the original band of "Stalwarts" still around, languishing with losses on their investment of up to 99%! It would be an ultra optimist to anticipate any significant turnaround next year but as things can't possibly get any worse, they can only get better! So here's to the end of the present threat in Africa early in 2021 and the sight of the SP slowly rising as passengers return. Meanwhile, have a Merry Christmas and a Happy - even prosperous - New Year."
Well I was going to post the results of the last auction, which by the way was nil bought or sold, but came across this which was published on the 22-Nov-21, the annual report for 2020. To be fair it is not all doom and gloom; whilst they made an operating loss, overall the Group reported a profit for the year of US$1.8m, and this despite the restrictions from Covid pandemic. All is not lost with this company, and hope for better things this and subsequent years!
https://www.fastjet.com/upload/RNS%20articles/RNS%202020/fastjet%20Limited%20-%20Annual%20Report%20%20Accounts%20-%2031%20Dec%202020.pdf