Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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All your comments are useless. This share is as well a big joke, not to forget the leaders, even bigger joke!
Huntertaker
" I don’t see why everyone is worrying about the rest of the financing to get it up and running. If that was any concern surely ganfeng would of thought about whether it was a good idea investing."
I think they thought it was a high concern, so much so they protected themselves from any such dilution in the agreement (& in doing so passed on even higher risk to shareholders) - so they are not at all bothered if additional funds are required from shareholders - as it wont effect them.
Anyway i will not comment further, & just stick this share on the watchlist till the financing is more clear.
I don’t see why everyone is worrying about the rest of the financing to get it up and running. If that was any concern surely ganfeng would of thought about whether it was a good idea investing. But also, if it was going to be a case of being short, surely ganfeng would be Able to help out. After all in the long run it’s going to be so profitable. If it is a case of them being short then there’s no reason why they can’t just take up the option of taking the other 25% and ‘loaning’ the rest of the funds until that option becomes available. I don’t think that is a problem. I just can’t seem to understand how this sp has not rocketed or at least gone back to a healthy sp like it was a few months ago when the ganfeng deal was first announced. I’m new to all this still but I think I won’t be investing in anymore aim shares as they just seem a joke imo!
Whilst I agree this maybe one of the most exciting projects going forward which is likely to be very profitable, that point in time is some distance away.
The major risk is & has always been the financing of the project & in particular dilution of share requirements.
This issue is only more highlighted by Ganfangs protections built into the contract that they wont get diluted no matter what happens going forward (the fact that they are protecting themselves from such issues mean they are real & present).
The share price pumped on all the deal signing & was always going to drop(go flat) on financing risk.
Not to mention on such a large projects how often do we see overruns, budgets blown etc..& in this case everytime it happens all shareholders will sell (cause any extra financing has a good chance to head our way).
So yep I see a flatline for sometime, at least until the threat of a dilution diminishes.
Personally I think it is wonderful that bandit1 has given up his day job to educate us all. I was actually thinking he would be very welcome over at EMH. If ever there was a need for someone to teach the basics it is there.
Newboy - my simple point which of course you missed was that for a relatively modest amount Secker could improve his skillset and an important one at that when you are a CEO of a public company. Promoting ( not overselling as Island girl also confuses) the company is crucial to ensure that maximum value is delivered. If you are in a for a trade or two that should not concern you, if you are in for multiples of current price, it should.
"It is astonishing to read on this board how little understanding there is on the maschinations of the stock market. "
Bandit, you should get over to the SXX board for a review of how little understanding some investors have!
Tbh I have come across loads of CEOs that could make the biggest pile of ****e sound good.Its actions not words.
Sounds like a massive waste of money to me bandit, how much did that cost for the actors and in senior management time? Didn't you have a company to run?
Shows that Secker is not media trained to end on that question-mark. Sums up my concerns in a nutshell. A little story - a decade or so ago I was running a subsidiary of a FTSE-30 company which was non-core so the BOD decided to IPO the business. The parent insisted that my management team and I were media trained by slick actors for weeks for the beauty parade and subsequent media duties. Why does this not apply to CEO’s of all listed companies, however small with private investors to engage with?
I especially did not like that bit and shows perhaps why he does not make many public presentations. Of course, he may be able to convince the existing strategic investors to put their hands in their pockets for more but leaving this hanging at the end of the enthralling interview is from someone who is not media trained.
PS interview statement....after being asked about finance whether it would see us through to production ........'will have to go back to existing shareholders' !!
Ouch! Is that going to hurt us?
Thoughts please
Sjb777- thanks, well I missed that late in the market day better late than never! Perhaps it is the nervous cough at the start of every sentence which makes me nervous about what’s coming next. So, anyone clearer about the finances going forward following that electrifying interview? I used to work for a Chairman who would only allow polished presenters to represent the company as he was certain that poor presenters could actually damage the brand. I tend to agree.
MrC - yes of course you want a balanced CEO and one who believes that all shareholders deserve to be updated on a regular basis on the company’s plan and not just II’s or strategic investors who talk to the CEO regularly and actually know what is going on. Over-promising is just as bad and I am sure we don’t have the time to list all CEO’s who have done that over the years most of whom have long gone but Andrew Bell of Red Red Resources fame would be high on my list .
Any number of shareholders on here sitting in Seckers position knowing how much of a mess he made of the 3-stage sign-off would have thought, I will release the news 7am and visit a number of the investor media outlets to explain what happens next enthusing about what this means for BCN pretty much derisking the whole project at Sonora and now, with a partner with the muscle, gravitas and incentive, having bought-in cheaply, to develop a huge, low-cost mine in a decent location close to US etc. etc.
This is a great example of a company which has so much to offer but leaves so much on the table leaving some shareholders, like me, deeply frustrated at the missed opportunity. Where is our faceless Chairman in all of this? Enough said.
The question is Bandit - who would you rather have as an AIM CEO Secker or James Parsons of Sound Energy.
The latter ramped the share to death went to the very edge of out and out lying about what was coming with the share and acted as a proverbial city wide boy !
I think the answer is something in the middle of this !
Bandit, The other huge bonus we get with a massive, experienced outfit like Ganfeng, is the identified cheaper route to production through better sourcing of equipment, economies of scale etc, that BCN couldn't bank on when the funding requirements were first released. I think any surplus required now will be much lower than originally forecast with production timetable and scale also brought forward. I'm also sure the comms will be better now we have a big player on board....this is a real diamond in the cesspit of Aim
Even with admittedly very limited knowledge and experience that I have, I don't think it takes a genius to work out the opportunity here. And I've got to start somewhere I guess. So that is why I've invested Bandit.
It is astonishing to read on this board how little understanding there is on the maschinations of the stock market. Yes I am happy at times to educate folks along the way but why would you invest in shares if you have little understanding of the basics of fund raising and the dilutive effects taking into consideration the asset and strategic positioning as a consequence of that fund raise. We are not raising for working capital which often disappears as salary and bonus, we are introducing a powerful strategic investor who will acquire new shares issued on 18th October and the market has priced in these new shares already which is what the market does in a nanosecond. What folks need to focus on is the ability of Secker to use these funds to help to monetise the assets along with any final tranche required to plug any funding gaps which we have yet to conclude. The absence of PR is standard as Secker is probably still reading through old geology reports and forgets that the main part of a CEO’s role is to promote and update the company and its strategic plans to the market. Our CEO does not have the skill set to do this which irritates me in case you have not noticed. There are a few AIM CEO’s that do this well which explains why AIM often gets such a bad name. This share has the potential to rise well above the 150p it reached almost 2 years ago but not sure I have the patience to see it through given the weaknesses I see in Secker.
Thanks for the assistance lads, feel like I've learnt a bit there already.
we have been diluted but in effect we have a smaller percentage but of a new larger whole. the larger whole more then making up for the loss of percentage. Thats how I view it anyway
Likening the investment by Ganfeng to buying a car would sound better if the example was investing in a machine which makes money, rather than depreciates?
CRK22 - Gangfeng would also provide the expert in-house service / repair / MOT so you would like to think the running costs of your car would be less.
And our new board member is likely to be a faster driver then PS so we might get to where we want to be quicker
CRK22. The shares have not been gifted, they have been paid for and that money is held along with the car. Also the new owner of the shares is adding value in many other ways such as reduction in further costs involved with the running of the car and access to finance.
Crk22 because your example does resemble this. Firstly, Ganfeng gave money for the shares so the value of cash position went up materially.
Secondly, because the added value of having a world leader on board.
Your scenario is nothing like this lol. That said, hoping for a better reaction in the coming days.