Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Kershner Grosso are investment advisors. He's not buying for himself but for his clients. They have a decent record and over $320million in managed funds, so they must have a reason for liking us - strange as that may seem for many of us LTH's!
While the performance remains currently disappointing, I don't fully understand all the griping. You could have got out or top sliced when CAI was over $1, which was over 4x the price we acquired them for in the spin-off.
Hopefully, we'll soon receive a financial update explaining why Mr Grosso is so keen to invest here!
GLA
For Calidus - I don't envisage Blue Spec development being undertaken until the Gold hedge has been put to bed. Possibly this is the reason DR is intending to bring other smaller assets/resources into the equation, to increase production thus helping with a much needed reduction in the crazy AISC.
For Keras - Who knows?. We don't get fed much by our ultra secretive management. Still positive though and think something decent and an associated re-rate from this level must come our way. Pure speculation only though in the absence of any news. :o).
Chesh, The proverbial buck stops with him: until he can deliver what he publicly declares, then the market will continue punishing Calidus - he has completely destroyed all the positive momentum that we were experiencing with that share, by hiding the underperforming, problematic mining operations, then by a massive dilution.
I was informed on here that Dave's family and close friends invest on his cooking........! :)
I hope they're OK and haven't got an ickle bitty belly ache..........! :()
All the best (perhaps they dinner dine.......! :()
Personally, I’ll remain rationally pessimistic until Dave can - for once - deliver what he publishes on his distributed canned goods: people who bought his previous stock, opened it, ate it - and then blew out a lot of hot air as a result of slightly-off beans, of which Dave excels in the former and conveys a lot of the latter.
The impression I got Markyess..........!
was that of an over sight on the build of the mine/facilities resulting in a lack of water........!
I suppose someone took the rap for that.......? :(
All the best (probs at the lower level an all.......! :()
A$1/share would be an MCAP of ~A$600m (only £310m) - which would be cheap if the organisation reaches 130k/oz p.a. production and proves up mine life.
I think it's an achievable target, but we're probably now 18 months to 2 years further away from that point than we were before the commissioning experience and mass sell off
Marky, Unfortunately, reaching 1 AUD will now be mission impossible for us - unless Dave sticks to his plan.
Oh I agree - some dilution was inevitable to contend with some of the ramp up challenges. The extent of the market over reaction and dump off killed us with the dilution. In real terms, the share is now priced below it's issue price, where all we had was a parcel of land and no exploitation permissions, yet it's now gone through capital build AND commissioning and is now generating revenue, with a greater land holding of proven assets in the portfolio.
The dilution would have hurt DR personally more than anyone else, as I believe he was the biggest individual shareholder (outside of corporate holdings, i.e. Alkane).
Value proposition may have improved - but at the expense of a significant dilution in the company’s shares.
I'd go further, the value proposition has improved with Felix, the Haoma JV opp, and there's still no value attributable to Lithium.
As I said, market over reaction /irrationality - the hedge and loan was in place before the ramp up issues, the ramp up issues are now clear.
FWIW, I don't read the position at CAI as anywhere near as bad as that.
We have a market over reaction, the value proposition hasn't changed. I understand it's natural to point fingers at the helm of the ship.
Position DR himself in @ Calidus. He is solely responsible through his lies and deflection from the near catastrophic issues including finance raises ever cheaper to keep us afloat that have caused share price destruction. In another time his head would've rolled. Cai are where they are. Everyone underwater FFS. Not buying but just holding. Might take 5 years plus now. As for here @ KRS, hmmmm. Got to get news sometime. Might be good news. ATB. :o).
My post got censorred.......!
P 1 5 5 E d is not my password.......! :()
All the best (off..........! :()
just my look, and i recommend this for no body what so ever.......!
look to the bid jr71....... peel have usurped wins in the accumulation of shares.....! :)
if grosso's broker is wins, he'll be ****ed........! :()
all the best (food for thought......! :()
Interestingly he can buy more than 1% of the company and hardly influence the share price.
4.24 for me to buy now
No delayed trades today then.......! humph....! :)
I wouldn't be so sure.......! :()
All the best (lol Prop, on the comms comment........! :()
We get more comms from Mr Grosso than from our BoD.
That float of trading shares is diminishing as they're getting hoovered up in to stickier and stickier hands.
He obviously sees value in us - it'd be nice for the BoD to back that up in comms to the rest of us mere mortals.
Looks like Mr. Grosso has added approx another 1m shares - now holds 14.37%
GLA SR
Morning peeps.......!
djframboise, the buy (plus it's 25k pal just after) is probs a PI IMO........!
I reckon Grosso has a more sophisticated method of accumulating than openly buying with in the std trading hrs........!
All the best (food for thought.........! :()
Might be some life in this particular old dog yet. :o).
Well, I’m still stewing after all the use-by dates have expired.