Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Johnpwh, That’s basically summing up my opinion.
This covid 19 will change a lot of things though in many markets. I dont know how it will change the car market maybe a lot of people will go electric, but petrol cars will be around a long more time as i said in my previous posts. But maybe a lot more will switch to a hybrid backup which is fine as you still get the pistons haha.
Well my opinion (you're going to get it whether you like it or not!) is that cars ain't what they used to be! Modern cars are faster, hold the road better, hardly rust, are more reliable. And dull as dishwater. They all look the same, they are anonymous. They have become appliances, white goods like a fridge or cooker. Has anyone here ever seen a red Jag XJ120 roadster in the sunshine on a hot sunny day? Beautiful. And that is AMs market. The last desirable cars. The last classics in fact - there will be few if any ordinary classics after the mid noughties, no 'digital' classics because they will cease to be maintainable with their antique computers failing. Ordinary cars will be electric imo. Fuel cell will be the Betamax to electrics VHS. The infrastructure wont be there in time, and recharging of electric cars will get faster. But what of 'supercars'? They will for the foreseeable future remain petrol, at best hybrid. They must make noise, lots of it. They are about stirring the soul, not transport. The average Ferrari does what, 2000 miles a year maximum? At that mileage what does it matter what its powered by? The only thing that will stop them being at least partially IC powered is if the are legislated against
I dont have any problem with hydrogen except for the fact that it’s really wasteful to actually make it using electrolysis.
I could write here a whole essay on fuel cell vs bev tech but in my opinion as a summery; very little research and money went into these two techs compared to Diesel and petrol. That means that there is vast amounts of knowledge that is still undiscovered in both technologies. But in my opinion at the moment battery fully electric cars will be the next 100 years, with maybe some hydrogen on the side in economies that can’t convert to the energy demand that the batteries need to top up.
The tech is already their in terms of batteries and keeps on coming with I think in the next 5 years tesla will make a car that cost same as model s at the moment but can travel 1000miles on a charge with the cost being same just looking from past and how quick tech evolves in exponential manner. In terms of taxing I think there will be different schemes in different countries. There are certainly a lot of ways that they could find a way to tax bev cars its just about finding the right and fair way. Maybe not tax them and get the revenue from elsewhere?
But I dont really want to talk about it here cause it’s AML chat :) who make the best sounding and looking cars in the market I think. Petrol cars still have a long life expectancy especially the very high luxury market as if I had millions or billions of pounds I certainly wouldn’t want to wait 30-40 min at a recharge station in todays world. But I guess that’s where tesla are going making a totally different network setup at nice shopping malls and hotels mostly free parking to charge in order to appease their buyers instead of charging at open space and 3rd party providers.
Just to say the ferrari Are not making hybrid stradale in order to make it more efficient in terms of economy but to make it faster when gear changes are made which totally shows that petrol engines are not dead yet as not even ferrari are worried about fuel consumption.
Ishi - Thank you - I have taken on-board your insight. Regarding EVs etc my own thoughts have always been that the real way to go is the development of Hyrogen fuel cell vehicles & the conversion of current fuel stations into Hydrogen stations - the current fad for EVs & Hybrids is just the manufacturers filling the gap before these fully come on stream. Also the Hydrogen could be taxed to ensure continued revenue for the Governments who are losing Diesel/Petrol tax revenue as people switch to the interim EVs. AML develop Hydrogen fuel cell?
So in terms of selling the shares you can only do so after they physically give them to you which is on 15th April for my account in my broker.
Everybody has already been diluted down who had shares before as I calculated from my holdings before 31st March.
If anyone has rights and don’t take them up they will give you the difference between the price of the grants of 0.3£ and the actual market price that time. So if you got 100 shares at 0.3£ and did nothing and the market closed at 1£ on 15th April you would get 100*0.7£. What ever that may be for you. But in my opinion, you would have to be very desperate for cash to not choose to exercise the rights and buy them instead of cashing them out. Because of q3, and q4 outlook and next year production outlook based on my thoughts. Also the fact is that the business has over 600Mil£ in cash and can take another 150mil from the debt market. No chance of dying.
This covid 19 is really a pity cause I think they will have to delay production of Dbx till like July :(. But that goes for everyone so it’s not brand specific. Ferrari shares have also suffered over last few weeks and they won’t sell a lot of cars since they sell on pre orders only, with almost no inventory. Also it’s important to be mindful that China almost all the dealers are open for AML.
With lower inventory costs this should turn around to pre 2019 positive cash flow in 2nd year.
They have spent so much cash on pointless project it’s really hurting my heart and brain.
Like the electric rapide was almost pointless and took 65mil of cash agrrrr. The technology of 800v battery will be probably gone in a few years and new battery systems with much higher voltage will role out. Looking at the tech sector things are flying
Lagonda is also no point to introduce till 2027 in my opinion at least for many reasons for luxury cars electric drive is not the way to go.
So My point is so much cash was spent on pointless projects with very small gains. Hopefully Stroll will change that and get the best out of the petrol era that will still be around for 10year minimum.
Have to admit the F1 commitment is a worry. Aston as a brand has not had success in Formula 1 for decades (I know they won Le Mans in the 1950s and think they participated in F1 at the same time). Lack of success hasn't hung over McLaren road cars too much but then they had reasonably recent success. A failed Formula 1 campaign, with cars making up the numbers, or maybe not even qualifying, will be eye wateringly expensive and could harm rather than enhance the brand. I question whether as a brand Aston needs it - Lamborghini, Pagani, and the latest Bugatti reincarnation don't feel the need. Of course the new Chairman's son is in F1, I hope giving him a continued career isn't the reason!
Anyway, I've ended my first day as an AM shareholder in the blue which is nice. I generally am a long term holder when I invest. Good luck to everyone, hope all well.
John - I was a holder but sold out on 5/2/20 - feel free to check my postings as I said goodbye to the board - but I love the brand & kept it on my watchlist. I have had a little dabble today so obviously ex-rights but before commiting further just want to clarify the timings. Agree Stroll & his ego are now calling the shots, taking AML back into very expensive F1 (using BWT racing of course - Strolls own team!) Remember the old Braun adverts?
Many more shares in issue obviously but if you take up your allotment then no dilution in your proportionate holding of company equity other than due to the placing. The placing itself will be dilutive, as will the rights issue if the new shares aren't taken up. The number of shares in issue will rise but the Market Capital hasn't - in fact very much the opposite over the period since flotation. MC = no shares in issue x SP!
So the Chairman has gone (a bad day for equality in the boardroom), will Palmer survive? There must be a question mark over him due to the debacle since flotation - under him the companys future is in doubt again. He may be CEO but I think Stroll is going to call the shots. He controls 25%, has a personal fortune running into billions. Will he take it private?
But I thought the allotment letters didnt go out until 30th March so surely you cant sell before you have purchased?
I appreciate MM have adjusted the price for nil paid shares on 1st April but I think real shareholders cannot sell until 20th April but may be wrong - just want to get my timing fairly right!
Bristol, as I understand those shares issued have already hit the market but are reserved for existing shareholders who had shares before the ex-rights date. The dilution should therefore already have happened on 1st April when the share price opened 65p. The only thing that will change around 16th of April is those shares issued will no longer be reserved and will be open to market after difference in price granted to issued holders.
Well it is only an extra 1216 million shares bought for 30p by existing investors that will hit the market at the start of business on the 20th April.
Hey John...........!
just back from Spoons are you............. ha ha, you wish......... :()
"an issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares."
All the best (so dilution then......... :()
Don't know, all I've seen here in the last few posts is that people should put 'rights issue' into Google and read about how it works. Really shouldn't be investing at this level without understanding fundamentals.
Of course your welcome...........!
do you have a link for that Latino..........? ;/
All the best (top of webpage, in the address bar clue :()
What jibberish you posting fella??
https://www.lse.co.uk/SharePrice.asp?shareprice=AML&share=Aston-Martin-Lagonda
All the best (says so here ................? :)
Mcap is £220m at the moment when they bring in the new 84 million shares how would that be close to £876m mcap?
Its not just the shares in issue spitfire, an mcap of £876m is also far to high so further to drop imo
Its astronomical..itl be a good while before profit arrives unless your in it for lunch money
dead duck here ! to many shares in issue now ! this is going nowhere for a long long time !……..have you seen the amount of shares in issue? sheeesh !