Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@Rox - good sentiment!
Skip to the end for a (long) summary if you don't want a load of waffle
I'm new to all this - had a lump sum from a house sale and chose not to purchase a buy/rent and try and earn something on the money another way. My mindset was ~ 5% annual return and I'd be pretty happy long term.
Made a LOT of mistakes on my first purchases - got in too high and had to sit and watch prices tumble - from 10GBP down to ~ 3GBP all in all. (Initial SP had already dropped from 19 down to 10 when I got in!). It was soul destroying to watch - the only saving grace was that the initial purchase amount was relatively small.
Anyway, I learnt a lesson there and over the next few months managed to get the average down to ~4.20 and I'm currently sat at 70% profit (it's been well over 100% in the highs of early June) - I could have sold out but kept the money in hoping for longer term rewards.
With AML, I toyed with getting in when the SP was in the 30's but decided to go elsewhere instead - hoping for a "quick buck". That never really materialised and by the time I came back to AML we were in the 60's so decided to get in - price went up so I stupidly increase holding - ended up with an average in the 70s. Then it went south and we're sat at 45. Bugger. After some work, I've pulled the average here down to ~ 58p - hopefully get it a little lower but we'll see.
I've made stupid mistakes elsewhere too - jumping on the wagon at the wrong time and having to figure ways out - either cutting losses or buying the average down on dips.
So what have I learnt in all this?
Patience.
Don't try and buy at the bottom and sell at the top.
Don't try and buy when everyone else is.
I'm down % wise a lot on some investments and up % wise on a few. I'm a lot more undstanding that unless you're lucky (or skilled) quick bucks are rare. Multibaggers are rare and prices can go up just as easily as they can go down.
I think a lot of people are sat at home bored and have a bit of spare cash (like me to be honest).
They're after a quick buck and aren't willing to wait. As soon as the SP drops a little they sell out and go somewhere else. I'm not saying I've not been guilty of that mindset but I'm working away from it.
I have cash in a number of places, split over various funds and also holdings in a number of companies. To me, I feel like there's a good balance between high, medium and low risk. Some holdings will work out and others may not.
As for AML, I'm working on getting my average down. I believe this is good company with potential to go places. I'll likely reduce my exposure a little once I'm back even to increase cash but still here for the long term. If nothing else, to in my head "do my part" in keeping the roaring Astons flying down Mulsanne....
I live my much life through old sayings. They have stood the passage of time for a reason. Do nowt get nowt. The bigger the risk the bigger the gain. Everyone here is taking a risk and whether you are marginally up or down will not matter this time next year.
As Warren Buffett says
“the stock market is a place where the impatient transfer wealth to the patient”
All IMHO of course.
Frustrating period atm but let's consider where we're at. Stability on debt, weapons grade CEO coming in soon, barnstormer DBX tantalisingly close, industry respected new CFO, F1 lustre adding value. Imo Q1&2 results, all factored in already to this price. On solid progress news this rapidly accelerates. Remember as a teenager reading Car magazine in the 70s & a guy called John Dodd with a supercharged Rolls, think it did 260mph. One day a Corvette driver gunning down the Autobahn at 180mph saw Dodd coming up fast in his rear view mirror. Swap out the Rolls for today's Aston, shorters and naysayers the Corvette driver, & believe that's where we're going. Only my personal opinion but please DYOR. Am LTI in at 40. Really the best of luck to all on here. Jtini
Rolls Royce has £4 billion in cash, and banks standing by for another £2 billion should they need it. Prudent.
How much cash do AML have? Where are they going to borrow from when it runs out?
If this drops 1-2% every day, even the old faithful at 30p will be getting nervous.
I remember you saying Whiteghost a couple of weeks ago when the placement was announced that you were out at 55p as you werent happy what Lawrence did. Happy now that you got your retry price of 45p - 10p lower are you? Hmmm... me thinks you might be a shorter old boy!
This is like the 14th straight day its been down from the good old days of 75/80p... starting to really p*ss me off now. Lost £20K from a £40K investment. When will thins turn. Jeeweez!! Lawrence did a right number on us didnt he!
Here we go again... dropping like a fly! This share is absolute dog!