Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Just 24 bidding days after it kicked off, the CBRS auction has closed, raising $4.585 billion. More than 91.1% of available licenses had winning bids – 20.625 out of 22,631 total licenses, the FCC said.
Really tempted mate. I probably would have if it had stayed at 44 this morning. It bounces down then back up at the end of the day and I don’t get a chance to sell
I think you should do yourself a favour Nuck and sell
I'm at break even and I know your B/E was lower than mine
AMGO is pretty lively atm, you could try day trading it if youre brave enough ;)
Its rather risky IMO!
So much for the march onto 60p as predicted by the so called financial expert in the press a few weeks back. Just another example as if we needed any that those guys a rarely correct.
Patience is a Virgin Echo. I lost mine a long time ago
Yes ABC is spot on.
I know I say it a lot (more so than any other share I hold infact) but patience is the absolute key with ALM.
The advancements that Fed and Spin are making can't be hurried.
But the fact that 80% of ALM shares are held my institutions speaks volumes I think.
IMO we'll bag in time
Neither do I - the overall increment for each round is now very small, and the number of counties where demand is greater than supply is into the small single digits.
$4.5B was the prediction that I had seen and had hoped for some months back... and a pre covid prediction at that.
As Jeffa pointed out some weeks ago, this is an excellent validation of the technology.
Dont forget these auctions are just for the PAL's - Federated's market is bigger than this as it covers all spectrum use in the band.
No I don't
I think all the big plays have been made. The FCC has increased the number of rounds per day to speed things up I think.
I'm happy to sit and wait for as long as it takes.
Fed could really do the business for us :-)
The auction is ongoing but looks like revenues are stabilising at around $4.5 bn. I believe this is on the lower end of estimates. I know the auction still has a few weeks to go. Does anyone expect the bidding to increase as we get near the end?
https://auctiondata.fcc.gov/public/projects/auction105
I think you're spot on. Investment Trusts etc. nearly always trade at a discount to NAV. It's true that ALM have a way to go yet, both in terms of closing the discount and in increasing NAV. But as you said a share price north of 70p would be very tempting to take some profit.
I have confidence that FW will become increasingly easier to value as the adoption of 5g becomes apparent and revenues grow. However, Spin is a different matter. I'm not qualified to have an opinion on the technology and even if the tech took off, it still seems difficult to predict a fair price. Spin seems a more binary play and I'm not sure I'd stick around based solely on the potential of Spin.
Yes I'd probably sell half and keep half in for a free ride if it got to 60/70s
There's been a lot of talk about the NAV of the portfolio. It is a good reason to stay invested here but would seeing a SP that matched NAV exactly be something or a rarity?
If NAV is 90-95p I'd think a 20-25% discount would probably be more normal?
Therefore if the SP reached the mid 60's or even low 70's I'd be selling for sure
what did you think?
50p -55p would be a good target price once the auction is complete. I'd then expect some news flow around broker re-rating. Edison could come out with a revised NAV for FW and I can also see Investor Chronicle flying the flag a little more now that it has done its alpha report. So fingers crossed for a good run up to the end of 2020.
Fingers crossed for you then Loot
Looks like there's resistance at the current price
Its been yo-yoing for the last few days.
Hopefully if we can break free of this 50-55p is achievable even without news
I'm hoping once the CBRS auction is over Fed will be the golden egg
GLA
Decided to buy more to take advantage of recent momentum. I may regret it as this takes ALM to 20% of my portfolio. Not really comfortable with that level but I see my latest tranche as short term; if it rises or falls 20% then I'm out. It's also a bit of a milestone day for me because I've now reached break even on my average purchase price; I also bagged the special dividend earlier in the year so I'm in profit overall.
We're seeing almost daily share price increases at the moment and this is directly related to the CBRS auction which has another couple of months to run. I think the auction also focuses investment on 5g again, at least for those that can see beyond Covid. Finally, and it's been said several times on here, over 80% of the company is owned by institutions. I cannot see a significant sell off in the near to medium future.
$8.25
Sp is creeping up and $4M has just been invested in Spin. We might hit the 50p SP I predicted a few weeks back before anyone else soon so it’s defo a reason to hold.
I have been accumulating as I hope that the discount to NAV and the tech nature of the holdings will provide some protection in the recession. Also with the BoE talking about money printing I am worried about holding too much cash.
I've got just over 5k invested and I'm very close my break even so I've decided not to invest further amounts.
Think the prospects are good for the next few months.
Personally I'm hoping for a takeover or an Fed IPO.
With 80% of the company shares with institutions any decent news will send this up very quickly.
But good luck to you if you fancy putting more in.
I believe the auction process takes 2 to 3 months and after only a couple of weeks into the process we are seeing almost a daily rise in share price. If this continues I'm tempted to buy more ALM even though I've always considered ALM a minority hold in my portfolio. What do people think? Can we really expect this to rise as the auction proceeds with regular reports of increasing gross proceeds.
Gross proceeds were ticking up about $200M per day by the end of last week and had passed the $1B mark by the end of the 3rd round on Friday.
You can see the results from the following link - they are usually available within 15 mins of the end of each auction:
https://auctiondata.fcc.gov/public/projects/auction105
After 11 rounds Thursday (July 30), the FCC's CBRS auction had drawn $$723,243,566 in gross proceeds.