Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
He has no clue, which was a formality and meant to start in September 2021 has not been commenced in August 2022 and PF is giving us random dates to keep shareholders engaged. He needs to get a placing away so would say anything to engage investors!
Wonder why it’s not showing?….B
First trade below 1p a 200k dump.
Johnny, cash is burning away. They raised a fortune and have spent it all with nothing to show. This will get wound up and assets transferred to new leaner
Company with Fowler as ceo again. Thats my guess. He will be currently trying to find someone to bail him which will involve shareholder value being reduced to zero.
Interesting to see how this reacts this week. This doesn't look mortally wounded and its in a boom industry for the incoming Great Reset. Batons and K9's.
I don’t believe he has the faintest idea when or if ratification will be achieved ……….DRC is one of the most corrupt countries on earth so surely the most unpredictable they have dealt with ……. But hey Fowler said it had been one of their target markets for some time so I’m sure they carried out their due diligence…………..(o:
As per PF's own admission ratification is expected in Q4, although I wont trust him. Market does not trust him for a reason as what was meant to be a formality has taken 1 and half years and still no there.... Liberian contract is dead so is iranian contract.This company has survived on placings for years, PF used to use "Mous" and contracts to get the market excited and then announced placings, while "twitter influencers" would sucker in newbies to create volume. Problem is you cant fool people all the time and that is what has happened here. Many "twitter influencers" are sitting on heavy losses themselves as people dont buy into their bs anymore, Market is not getting excited by Pf's rr multiyear contracts and buyers want something concrete.
There is always the possibility of going back to some form of CULN type arrangement.
The price at present is unlikely to rise much with or without news because most people are expecting a raise. To get one away at the moment people will want to know that something is coming that will give them the chance to sell in to a rise. Alternatively they try and get something away after significant news, but again people expect that a placing comes after any positive announcement.
Bilge - it would make sense for the company to use that overdraft and look to get the DRC signed and started. If - and it would be a big if - the company could stand on it’s own 2 feet then the SP may reflect that. Unfortunately I don’t think many believe Fooler can achieve this and in the meantime he has spent years shafting shareholders whilst trying to convince them the company is on the edge of transformational change.
A case of using the lube whilst offering jam.
Sentiment matters, when last two placings were announced sentimemt wss high, company had turned a small profit in first half(thanks to covid related buisness) .So it was anticipated that revenue from these two contracts would make up for any shortfall. However everyone agreed that this one was a last chance for PF. Even PF announces a big contract win today, we all know that he would riase money to meet "pre-contractual expenses" and he wins these contracts through offering next to nothing margin.He needs to increase revenue by 100% just to break even and I cant see that happening. Something is brewing and we will find out soon as a placing is imminent and nothing is straight in PF's world. He needs 5 million to cover administration costs .These placing shares would create a over-hang as these shares would be flipped for a profit immediately and will be traded for 10/20% gain.That is why I say that this share-price is stuck in 0.5/0.6 for a very long-time
Hi Win, thanks for your detailed reply. I can see your thinking and clearly you are not alone. The raise you elude to if it is coming may not be anything like the amount of the previous one as they don't need to fund overseas projects through it.. The kitchen sink raise, was to clear all debts. It was announced without attachment to any new contract. The DRC/Liberia raise was at a premium and if either of the two had started the situation would be very different by now. Any potential subscriber to this new raise (if one exists) is going to want to see significant evidence that DRC will begin in H4 as stated in the RNS. This is where the price paid for the shares gets interesting as everything hangs on DRC going ahead. If it does it changes everything. If Pete is sure and by that I mean 100% sure then they are not going to give shares away. Better to use banking facilities until ratification and then raise if required. I guess we'll just have to wait and see.
Ie. 4p kitchen sink raise a couple of years ago.
I can’t see there not being a requirement in the next couple of months and I can’t see it not being done at a discount to current price.
As for the rest, we’ll it’s just maths. Given the collapse in SP from the last raise - barely more than 12 months ago - any equity based funding is going to require significant dilution in order to get even half the amount last raised.
Bilge - my conclusion is based on past performance as well as the general mood.
This company has spent years existing on placings and bucket shop finance deals - usually twice a year so the fact we’ve gone 12 months would suggest it might be needed soon. TW - love him or hate him - is generally accurate with his reporting and suggestions that a placing is being worked has nearly always come to fruition in the past.
Also, historically, unless it’s being done after a post contract pump, WSG placings have been done at a discount and sometimes quite a significant one ie. 4p ki
Hi Win, please explain, I want to know how you came to this conclusion. What basis? The 5.7p placing was based on the DRC and Liberian contracts coming good yes? The delay in both caused the drift in price. So what is the value of the company now? The cap now at 3.3million is way below the revenue and takes no account of the success in delivering the contracts they actually do start, (Please don't mention the ferry). H1 figures indicate a loss of ~= 130k per month however this may be reduced if H2 does as they suggest deliver more income. To my mind, given 8 to 9 million of income and 5.5 of expenses the potential profit is down to the H2 cost of sales. We do not know how much H2 COS
will be. If the DRC or Liberia don't start, they cant' cost anything can they? If they do then as already stated they have secured finance under the governments overseas development funds so no need to place to fund. I just can't help thinking we are being taken for a ride and this time its not by Pete.
TW is rarely wrong on this sort of thing so it’s pretty evident that a placing is on the way.
The last raise was 14 months ago at 5.7p and now the chances are that at best they may get one away at .7p. That would mean to raise a mere 1 million pounds they’d have to issue over 140 million shares at that price - over 40% more shares in issue.
Pretty dire but follows the trajectory this company has been on for years.
yeah, once he devalued it, and placed last time around it's killed it, he whined about traders, well now all he has is leavers, people leaving pi ssed off and at a loss, absolute waste of space, it is becoming blatantly obvious that AIM CEOs are made up of useless gits that would get fired at any real job
95p....to 1p.....
just lol
People who got in at last two placings thought same. Truth is all they did was funding Fowler clan for another one and half year. It used to be a safe bet under 10 however PF has killed sentiment for good. Once it breached 4p there was no volume and people started bailing out.Only bounce we saw from 2.2 in anticipation that iranian contract would come alive.Apart from that there was not a chance to get out with a profit and traders would got in to trade in for 10/20% started bailing and drove price even lower. Let him announce a placing at 0.5p and this share will be stuck in 0.5/0.6 .
Even with a placing at 0.5 p ,most will double up and make on a good bounce ,those in at under 1.4p not really bothered that much .
I am mate, cant complain, hope you and yours are too.
So with relentless selling, it seems to be stubborn and doesn’t want to go sub penny just yet…. Maybe… just maybe it will before the close… TW expecting a placing…. Seems everyone else is…. But without a big contract to underpin a raise, how would he get one away without huge discount… ironically the June 2021 raise was at a premium… only for one day of course…..B
5.7p was the placing price 18/6/22 , they raised 2.5m , not sure of the discount .
Share fell to that price next day , and below following days .
Order lifted 11.40 am for 1.17p.
First two buys 18th and 21 June 2021 @ 5.7p & 5.5p.
My broker shows 4 fund manager investors Janus Henderson Investors the largest with 3.78%
Crux Asset Management Limited 3.48%
Hi Fry, hope all good your end
Well guys, just like PF, I'm not selling my shares for anything less than £2.
Um, why has that ambulance just stopped outside my door?
To be serious (which I rarely am) we LTHs must be off our heads to still be in here after all the lies peddled our way. I'm not selling my holding simply because it's hardly worth it - I daren't check my account as WSG is the only share I hold now. Oh, those dreams (Rodders) when the sp was at 82p. Now it's just a nightmare for everyone except the Pete Bog Family.
What for mate ? Hope you and the family are all good ? And same to everyone else in here, big love to all !