Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It is heartening to see AFC in the video and, hopefully, AFC will look to lots of UK media outlets over the coming days/weeks.
Next time, it would seem sensible to wait for this sort of exposure before raising a 20% reduced private placing in a rising market. I don't think we would be back under 20p, with the video/interview not even leading to much buying support, if they had done this the sensible way around.
They’ve just widened the spread again. Like Jordan on a....no that would be crude talk )
Very mature, Ferrotty. If AB actually took note of these posts then even you might thank me for it. In the meantime, you do your thing and I will do mine.
Forgot to add....Whizard of Oz Bond you have no idea how it feels to be a long time holder here and paying your salary and having you running this company....
Investors did get a chance of buying in at the 10p fund raise.
Pre emotion rights were waived at the agm which I guess brought an end to that.
Notes I in partly agree with you, but lets not forget this is the 3rd time Bond.....Whizzard Bond, has done the round with his collection tin to dilute the sp but not his salary....where is the money gone for the 2 previous commercialisation promises? And it's always all so hush hush who buys in....why is that? This is a public company after all and I bet you is the same II that bought in at 20p and now 17p....and why should these II always buy in at 20% discount and we never get the chance to do that?Bond Mr Whizzard Bond is like watching ground dog day all over again with all your obscure ways you do business and it is about time you deliver instead of always promising green grass and you only deliver dry hay and got hair.....Whizzard Bond, dilute your salary and stop all your false dawns because even Pinocchio is getting jealous of your nose.....
Fuelcell, you got some kind of degree in moaning, it's getting monotonous now.
If the money is earlmarked for production from yesterdays RNS do we have an idea of how much cash we need for wages et al? Just worried there will be another dilution coming!
Ideally we’d go to the bank and get a low interest loan and it would be cheap money. But no bank would lend to an emerging tech company without income. Hence we are stuck with these sort of deals. As for info, do you really think the RNS would give a spreadsheet on where the money is going? Not gonna happen.
Investing is a game of intellect, research and sometimes just good luck. The RNS never tell the full and complete picture.
Chippy, I am not implying that the company is not following the letter of the AIM rules. I am saying that the directors are missing a lot of opportunities to increase investor confidence and are providing the bare minimum information when they could choose to be a lot more proactive in their approach.
Notes, I have no specific issue with the placing (or the previous placing or the share options) but getting this sort of "drip, drip" funding without carefully thinking through a way to counteract negative sentiment is naive at best. All they needed to do, on each occasion, was to provide more detail on what the funds are being used for and explain why investors (including the ones who bought the new shares) should be excited by the company's recent/expected progress.
It might all just be spin in the end but it makes a massive difference to investor confidence and removes the opportunity for deramping and panic to take over. This is an awful lot easier to do than to make a game-changing fuel cell or membrane but the directors just don't seem to learn any lessons each time!
Fuelcell check the AIM rules relating to what the company have to tell us.
It’s more a case of improved information, targets and the achievement of those targets adds to investor confidence and an improve to of the share price and the companies ability to efficiently raise funds until profitable operations are seen.
The problem is that AFC, yet again, has organised a small, discounted placing just when investor confidence was rebounding and AB has, yet again, failed to take the opportunity to provide a proper update to the market about what is happening behind the scenes.
A couple of vague lines about where the money is likely to be spent might be enough for a placing RNS but shareholders are long overdue a more substantive update following the demo day 7 weeks ago.
This lack of clarity, yet again, has unsurprisingly opened the door to traders/shorters/MMs etc to manipulate the share price and left shareholders wondering if/when there will be a proper update.
This is a listed company and the directors should be a lot more proactive to ensure that its shareholders are kept regularly updated. Where are the blog posts? Where are the interviews? What is the new timeline following the placing? Are customers showing more interest in the smaller or larger units? What is the plan?
This should not be some kind of game of "Guess what is behind the curtain".
Fishing for stop-losses again?
There's no way this should drop 8% on 400k traded. MM's walked it down yesterday and now they are blatantly moving the price on minimal volume. Bunch of con men!!