Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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mornington-oz
Where is he
Mr Green, that has to be worst idea ever, wouldn't you expect your customer to have credit facilities not the other way around, all I can think of 7digital new customers either paying thier dues yearly , and 7digital having to prop up all the costs until monies come trickling through, but again if that's so as a company that decision is like walking on sinking sand...
Maybe the contracts weren't signed until a credit facility was agreed. The customers wanted to know 7dig would be able to survive and not leave them in the lurch needing to find a new digital service provider. Now the credit facility has been agreed, they can move on and get those contracts signed... just a theory. Either way, 3p is a good target and sends positive signals. Let's see what happens.
I don't think this will be .35 as Pete640 suggests, let's see on Friday afternoon!
Tamir Koch, Chairman of 7digital, added: "As a major shareholder and as Chairman, I'm proud to be able to assist in supporting 7digital and I continue to back the Company whole-heartedly. We have a significant pipeline of new contracts that we expect to soon be signed and we are also seeing some exciting prospects increasingly materialise. Importantly, this capital has been secured at a standard rate of interest and is non-dilutive barring a small number of warrants as part of the arrangement fee. All of this reinforces my confidence in 7digital and in our ability to deliver a bright future."
Well there is now certainty with one of two outcomes. Either new signatures come in to generate cash or 7digital use the facility and need to raise more later. I have further concerns that those due to sign won't because of this risk and with inflation like it is interest rates are very likely to start increasing soon.
Agree
Buying any share in this market you are taking risks. But the price here now is on the floor. Not buying over 1 p. Happy to hold
7Digital could still be a good buy for those willing to take the risk that the pending contract signatures are really going to come to fruition and be profitable. The SP could rerate very quickly on news of good contracts and eventually news of profitability.
It is a risk though as 7Digital has nothing but disappoint over the last few years. I'm biding my time and waiting to buy in again at the right price. Despite today's rise, this still has the potential to drop further.
By the end of the week, this will be at 0.0035p, not 0.0055.
I guess currently still way oversold. This will shoot up from here very soon
Which analyst says 3.00 and when was that target originally set?
Number of Analysts 1
Last Close Price 0,48 GBX
Average target price 3,00 GBX
now