Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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To Be fair Toli, if you invest in this share you DO look at the share price and as mentioned previously when this got approved in the U.S. all of us thought this would pick up. It hasn't. It appears that the company is at long last making money and Erexon is getting listed around the world. We even had a spate of good publicity but still the S.P. has resisted a move in a positive direction. The company needs to shout louder and put Marketing and P.R into overdrive.
I note Cooper have finally updated their media page to include a press release on Eroxon. Still no links from Eroxon.com to online shopping sites for the rest of Europe, so I feel they could be doin a lot more to promote the product. No links to Germany for example.
Just dont sell out now 65p is nothing for this share.
Forget the share price look at the company.
Or did you buy in @65p and still nursing your losses
Bucolic are you paid to trash this share.
You only ever post on FUM and always negative
Tend to agree with you Bucolic, or at least a fair chunk. This is my single biggest investment as I was so convinced it would fly with US approval. It’s dragging the value of my portfolio down and I need to diversify.
You and your 'punchy numbers', Toli! You sound like Ah! Ananda when he stated 'This share will get to 400p in the next 5 years'. If it gets to a quid I expect I'll take my money and run; my aging heart can only take so much!
300% comming
Thats 3 times current market value.
£5.7m revenue in 4months.
£45m potentially next year.
Sales in USA UAE Korea not even mentioned.
Even without Repeat bussines [which they say is happening ] it could reach £350m [4 months uk£1.7m full year £6.8m] Usa and rest of the world 50 times bigger than and belgium.So £350m is childs play
I know, hodl for godl lol
It’s of little comfort I know, but everything on my board, bar one is red today. Hoping for a strong finish to the week, or I may have to go and get a proper job again.
Hey Darth, I would be a lot better if this firkin thing went up. We were all waiting for U.S. approval which did bugger all to the S.P. and its dropped ever since. I'm still hopeful though even if I don't sound it!
Hey surfie! Sir, i think the bed wetters have woken up :) hope you are okay, been a while since last heard from ya
Well its an even bigger discount now Darth! What happened at 4pm to cause the huge drop? I'll be prone to a bit of "wetting" if this continues.
Darth, the only reason I can see to be selling today is the wider economy and what it holds. We’ve been here too long, we are reliant on the news we are getting from FUM and what’s not to like. Further releases, more inflow of money, likely good news on the patent, further tie ups. We all know what is coming with FUM, everyone has a choice, I’m suggesting it’s a matter of patience and time. I’ve already stated I’d like to have seen a speedier marketing in various countries, we are on the way to three years since European approval. But JB and the board along with their partners don’t see it that way. In my view it’s simply a question of the market holding up, and launches taking place. Yes I wish it was all happening quicker, but is what it is!
Jet, for those who aint buying, its on discount as it is.
Just a thought, but Haleon with a market capitalisation of £31 billion, were prepared to pay £4 million up front for distribution rights and so on, so must have a high degree of confidence in the potential for Eroxon in the US. Why didn’t they just buy the company, or am I just being naive?
Relax, let it drop, it’s a buying opportunity.
No, hate the ppl who aint buying :)
Good RNS & great webcast, but SP dropping yet zero rise! So not bouncing back total SP manipulation! I hate those MM’s!!!
All I can say is WOW dropping still???
Very interesting post Beechurst. I confess that I had not appreciated the fact that the share price is about the same as it was a year ago.
Given all the positive developments this is just not normal trading it’s almost perverse.
A number of topics, new and old, have been raised today which has prompted further thought and analysis around the following :
SHARE PRICE
I, too, am bemused by the lack of progression given all the positive and groundbreaking news of the past 12 months not to mention an already improving financial performance and even better trading prospects ahead given further intended launches etc. And nobody, yet, seems to have given much credence to what should come out of opening up in the US - hopefully a bonanza but still to be seen!!
Just 12 months ago the SP closed @ 42p v 49p today, hardly what you might have expected with all that has occurred over the period especially when the market always seems to profess that share pricing is reflective more of future events/expectations and performance than history/the past. All sounds rather contrarian at the moment, almost, as somebody has already observed, there is disbelief with the realities that have now come to pass. Another 12 months on might tell us differently. I for one, think what has happened in the last 3 months in becoming a trading company rather than just an R & D outfit adds plenty of confidence/reassurance that the business now has a progressive future, than not.
MANAGEMENT CAPABILITY/COMPETENCE
I admit, from the interviews I have seen, JB's personna comes across as a little staid, traditional/conventional but, to me, has got it right in way is organising the way ahead.
I put this business down as a typical Hunter and Farmer/Gatherer sort where different skills are needed for each category/neither the twain shall mix. In this context I liken the R & D Team as the hunters i.e developing a product for market but with no specific talent to commercialise so hand that over to the professionals, in this case Cooper & Haleon to harvest the product to the full. On that ground JB must be applauded for recognising the need for employing proven external expertise to better maximise the value of Eroxon when not available from elsewhere within Futura.
FINANCIAL PERFORMANCE
I have already given my take on the Interim Results but given that revenues only came in Apr/June period you can split the quarters and conclude the effective Q2 operating loss was as little as £215K. And if you think unit sales in the 3 months progressively increased in number, month on month, you might even judge that June, as a single month, was nearing BE already.
PROJECTIONS
Given my take above I share others thoughts that 2024 expectations for BE is rather cautious. After all only need to increase unit sales, compared to Q2, by 25% to achieve same which should be more than possible with the new launches anticipated during remainder of year. Is it not "Better to Underpromise and Overachieve" than the reverse. In this instance with all at a relatively new stage and much else yet to come through and be shown to be sustainable maybe prudence should be the by word.
As ever, tomorrow is another day so what will that brin
Watch the big buys comming in and there have been plenty of them in the last ten days and today again.
This will shoot once they have chased everyone out.
PLAY THE MARKET MAKERS GAME to make the MMs money