Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi Steeplejack
Metals are down as demand growth is moderating, with copper trading below USD 8,000 USD per ton for the first time in 17 months, and aluminium, iron ore and other base metals down considerably as well. A stronger US dollar is another factor weighing on metals – including precious ones such as gold and platinum. With agricultural commodities also down considerably – wheat has fallen roughly a third from its peak in mid-May – inflation may face some extra downside pressure going forward.
Things could pick up quite quickly in the USA. However, if China makes a move on Taiwan........all bets are off!!
GLA - keep faith in ALL!
well written. you are clearly well versed in macroeconomics, and the relationship thereof to geopolitics.
Everything is interconnected.
Remember that Piedmont is at an 18 month low,the shares currently trade around $35 having been as high as $80.The well trodden path to defensives so beloved of investors in the 1970s ie miners ,oils and material stocks in general has proved pretty treacherous.Goldman Sachs started the rout of lithium stocks by arguing the sector was well overvalued.The selling doesnt seem to have stopped since.Material stocks in general have fallen substantiallly.Highly profitable oils like Chevron and Devon Energy offering high dividend yields ,have fallen around 40% from recent highs in a few weeks.Fears of a global recession weakening demand for material stocks dominate sentiment as deleveraging continues.So,Atlantic has simply been caught up in the maelstrom.US brokers are beginning to reflect that the rout of oil majors has overrun and good long term opportunities exist.Maybe such considerations will come to the rescue of junior miners who are years from turning a profit.However,its difficult to see how an appetite for equity risk is likely to rebound in the current global geopolitical environment.One can only hope that the Chinese keep out of Taiwan.
despite obvious pain here, have to agree Dunkirk
Len has set out the intention, and appears to be enacting the stated plan, and from where I stand, its all spot on.
What more can he do ?
Permit a musical analogy, a band produces an album to the best of their ability and puts it out there. How its received is a matter for the audience alone.
25p seems to be pure guesswork.
I've had a chart running on this stock for a long time, and nothing on there shows 25p to be an inflection point. The tag of 29.8p this morning, and a bounce back into the 30s off of it, was a perfect fib retrace from the recent high, so if that is any indicator - we either go up from here, or the demand zone bottom support level is actually way below - 18.2p.
With that in mind, do we honestly think the upcoming PRS and it's expected uplift, halve the value of the stock? I think not.
For me, we're bottomed at this price.
I do remember you saying this just a fortnight ago Levs,
"This stock is still an absolute bar again under 55p.
The whole market has suffered recently but let’s face it, there can’t be a more promising stock on AIM than ALL. On that note I’ll be selling the last bit of my other stocks this morning to go all in here."
How did that work out for you, or are you someone that is all talk and no do?
Anyone able to outline why we're dropping 15% from here to 25p, or are we just pulling numbers of a hat?
We are back to being massively undervalued based upon the fundamentals of the mine that we will build in Ghana. At this price we are also vulnerable to a lowball takeover that would still be multiples of the current SP.
We have to brace ourselves for the possibility of the market shrugging its shoulders in response to the PFS, even when it does confirm this to be the world class asset long term investors know it to be. Those of us who have been here a while will remember when we produced the first MRE at Ewoyaa and the share price did sweet FA. That's because AIM exploration companies were out of favour - just as they are now, with a few exceptions.
Mining stocks and commodities are not performing well at the moment, and we are taking more of a pasting than most. But the green agenda is now so embedded in business and society that even during the inevitable global recession, demand for lithium will still be high and outstrip supply.
Seeing this fall back below 30p this morning has been tough and I'm sure many of us are thinking why on earth didn't we sell up at 66.6p. Ultimately, whilst the macro economic outlook has changed, the fundamentals of this business have not. Big money was pouring into ALL in the 60p range. We will be back there and higher in due time.
ATB to the LTHs
SM
I'd make a guess at 25p by tomorrow, then who knows what next
goldrush29 says: "Board needs to start delivering or its 25p sooner rather than later."
Well I guess the PFS delivered in the next three weeks....will be proof of promises delivered!
May I ask what investors expect the Board to produce out of a hat when it is as clear as clear what the path is and they have explained it clearly. This is general malaise as to world conditions and unfortunately if it’s to hot for some then just sell. Words fail me at times but patience is required, is there Lithium in Ghana owned by ALL…….what more do people want.
I’m right though aren’t I mike. I take it you remember me saying this months ago. Stocks go up and they come back down. If you don’t trade in between then profit disappears. No need to be bitter, you’ll get your profit back eventually.
Getting nervous folks - after all these years where you think, freedom, seeing sp being decimated, hurts !
Was I being too greedy? but based on the facts (interested parties etc), my decision not to sell was right at the time !?
Hope it picks up soon - I assume general market conditions been catalyst to the fall.
GLA
100% correct MC, there was indeed.
Board needs to start delivering or its 25p sooner rather than later.
Swest I think there was bad blood between Vincent and you know who, and I feel these actions are narcissistic, and not totally based on financial acumen.
this DGR thing re selling. why would they invest elsewhere when you won't get a more prospective juncture than ALL now.
Only DGR know the answer, but its seems senseless. Their mandate is to grow companies, perfect opportunity here now ?
Having been here so long, it just seems mad timing for them to be bailing, who knows what goes on behind scenes.
Yesterday DGR announced a 4.5 Mio AUD investment in Armour Energy. Since they didn't have this sort of liquid funds available to them, I assume DGR sold additional ALL shares recently. We might get an announcement if true.
I suppose it is just ALL that is having sp drop,nothing else on the stock market then.
Oh Levs, you have crawled out from under your stone again. Yawn!!
The chart is screaming out 25p folks. Back to the lower trend. as sad as it is, in this market, there is no denying it!