Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The pit where old by cycles are thrown.....
MassiveRay - great to see you here again, and to hear that you’re still invested here, and looking to add significantly in the near future!
Best of luck with your investments & take care :)
Where'd he go?
I bought all the way up to 43p and I'm not underwater, thanks.
Couldn't agree more BG. Not indicating the investor base for EHL and clarifying the % we own is secrecy gone too far. I noted that we couldn't actually work out whether the Enerox deal was a good one without knowing what we had bought.
Yes give him about 10 minutes and he will start to turn on LTH and be abusive or offensive
I can smell something
Not sure I buy a non answer re leaving AIM as meaning something is happening. Was it Tils who just RNSd the intention to so I dont see it as particularly sensitive to just say what you are planning.
The company is great, the board are doing a great job but in my opinion they are not selling it well, I have said this many times. It is a complicated story and there are too many gaps allowing speculation, therefore concern, therefore manipulation/abuse.
The quiet parties we are dealing with...YD, the mysterious VIP partners, the percentage BMN holds in the VIP etc no even mentioning the CLN notes which worry me greatly now.
I am sure there's a plan and its probably great but I do not wish to trust my investment which is significant for me to luck and trust, I want clear information on simple things which seem easy enough to state but for sone reason get missed out of releases. Clearly I am not the only one otherwise we would not be in this situation as the market simply cannot be trusting BMN otherwise buying would outweigh the selling...simples.
This is my only criticism, the deal making and progress is amazing but it needs selling better probably due to AIM being used to dealing with much poorer calibre of company so trust is not given automatically.
Yep, and ggp..
Fortune has been entrepreneurial for a very long time. I trust he is doing the right things at the right time.
https://www.news.uct.ac.za/article/-2002-05-19-new-chapter-for-student-enterprises
That will be your profits from pharma eh Ray?
I very much agree with with you pdub, I dont post much here but I read here every day and i'm still holding and will continue to do so and plan to add significantly to my holding.
Agreed Alfa.
I know many of us saw the sub 2p days as an opportunity not an issue and simply grabbed more shares .... and didn’t that prove to be a good decision.
Right now I see history repeating itself. Frustrating for those maxed out but what an unexpected buying opportunity if you have cash. I did not expect to this level of sp but as we have it then it would simply be rude not to take advantage.
For those of you totally obsessed with the day to day share price then you have my sympathy. However surely far better to focus on company progress (which has been astonishingly good). Helps me stay very positive about BMN and the potential of my investment. Each to their own I suppose.
But lay off Fortune. He is not perfect.... but then nor are you!!! He is the driving force behind BMN and therefore the reason we are all here.
well put Pdub - I remember thinking back then that this was a simple test - if you are sure that the company is a genuine one and has good prospects then lower SP's make it an even compelling investment. I followed my research back then and bought large numbers of shares that were being given away at less than 2p each.
If you don't believe your research or need the SP to be high to satisfy your concerns then you really need to look at your guiding investment principles - either go back and do more research or find a different company that you understand better. These extended periods of market irrationality are simply sent to deceive and mug you of your shares.
The circular irony of the zero-sum market is that the tighter that PI's hold onto their shares the harder it is for Market Makers to get the shares that they need to close their short positions and so they push the price even lower hoping to loosen up shares from leveraged holders. There comes a breaking point when they can get no more shares this way and then something has to give - either they try a crazed going-for-broke treeshake or the SP has rise to a new semi-equilibrium position. If you are basing your investment decisions on these movements then you are playing russian roulette in the dark.
The last time I remember disgruntled pi’s taking serious potshots at Fortune was back on 2016 when the share price dropped to below 1.5p. One group even talked of trying to have him removed (yes ... I know! ....)
You may remember 2016 .... BMN began negotiating the purchase of Vametco that year. It was also the year before 2017 (when initial Vametco acquisition completed) and 2018 when the sp ‘boomed’ all the way to 48p+.
Funny thing is all the critics went silent then.
I have a lot of sympathy with share price frustrations but am really interested to hear what anyone thinks they could do better than fortune and team? (let’s be clear here it isn’t all fortune there is a very experienced team on the board).
Once the share price does rise I will be very grateful that I’ve had the chance to add more rather than be bitter about the long time I’ve spent significantly under water.
Just rewatched the end of the crux interview and totally understand the catch 22 of the situation and have no idea what I would do in his place. They thought the share price would take care of itself but in the middle of a pandemic it becomes increasingly clear that it won’t. So plans have to be made and I have every faith they will be executed at the right time.
II trust him. Or I’d be gone by now! We are so landing eskom, doing jse, and moving off aim in a short time frame.
The issue here is not company failings. It’s a broken market that we need to get off.
Completely agree with your assessment of Fortune. He’s the most amazing CEO in many respects but perhaps doesn’t have the razzmatazz the market seem to love.
He reminds me of someone I have to negotiate and work with in a professional manner who sometimes go v quiet and it leads me/others to think he’s not doing anything when actually he’s beavering away and making progress, he just doesn’t communicate it until he’s hit some major milestone or completed the job entirely. I find his lack of communication annoying but actually he’s great at what he does.
It’s fascinating to hear that he couldn’t answer the question re moving off AIM - that says that plans are already in place!
If you look at the 2019 Results RNS carefully you’ll see that the company spent $1m already on preparing for the JSE listing. It doesn’t mention anything about a main market listing but it shows that the company is preparing to finding a better market in order to be valued more fairly. Which I find hugely encouraging!
Give it time guys, it’s eventually going to become good here. Very very good!
It would seem that Fortune, either rightly or wrongly depending on your bent, decided that what was best for the share price and for shareholders was to do the best by the company. To make great deals, drive down costs and ramp up production etc. He believed that if he did everything he could to make the company the best it can be, that value should naturally be reflected in the share price, and that it would take care of itself. He even said as much in recent interviews, saying something like, "You would think that eventually the share price would take care of itself, right?"
Over the past year, and especially the past few months, this has not been the case. The Crux investor interview was the first time we ever saw a glimpse of Fortune's true frustrations that the market simply wouldn't do what it was meant to do, what it was built to do (in theory). BMN, and Fortune in particular, are like that quiet child at the back of the class getting A* in all their exams, who nobody notices until they go and win a Nobel prize. Should Fortune be more like Elon Musk, should he show boat and play the game? I honestly don't know. I feel it would undermine the professional standard and class that has been established for BMN if he did, but that is just my own feeling on the subject.
Regarding what Fortune should do about it, I would point people to listen to what Fortune said in the recent Crux interview on the subject of moving off of AIM. He quite pointedly said that he was unable to talk about it, nor to give an answer. If a company have nothing to declare on a subject, like moving off aim, then they will simply say, "We have no current plans to do so," or, "It's not a priority at the moment". Things like that. When there is actually something happening, they will not be able to say anything about it. Which leads me to believe that Fortune's response is an indicator that something is a foot. He very clearly said, I cannot answer that. Make of it what you will!
I understand frustrations. We are all human, and even what is vented here is not always meant, or is regretted in a day or so. It's been a trying time, watching other companies recover to pre-covid levels whilst BMN remain low. What we all should hold onto is the fact that BMN is sitting at the doorstep of a colossal new industry. One way or another, the market will be forced to pay attention.
Well said Sharesahoy. Couldn’t agree more.
I’m sorry but I shall not go against Fortune Mojapelo. I feel the frustration, just as Elon Musk did not so long ago. FM has stuck to what he said he was going to do, and I can assure you he is also extremely frustrated, as we saw in the interview not so long ago. This is market abuse, plain and simple, not FM mismanagement!
Pat - If that is your attitude then I suggest that you sell all your shares. I will have 10 grands worth.
Well Pat .. an opinion for sure and as a LTH I must admit, I don't feel FM has done a massive direct amount to protect the SP (except for one emergency RNS a couple of years ago). He has however got on with building, broadening and deepening the jigsaw pieces for a global energy company.
But should that not occur and Eskom go Musk ! ... we, in 3 years, will be shipping 8,400 odd tonnes of Vanadium into steel at what $30-$40 a kg and a cost base around $17..... so a net profit of what $100M+ (give or take).
If Bushveld has given up on VFRB by then it frankly will have little to invest in aside from maintenance and upgrade, so at least 50% of that would likely be made a dividend... so thats 4-5p. Even a low ball PE would yield what .. 5% (so an effective SP of what.. 100p !!!
Play with the numbers how you will, speculate on the likely success of VFRB and whether Bushveld will every sell even a litre of electrolyte. Smart about the lack of comms and range against uncaring management that don't understand how we need to be loved by an ever increasing SP daily
Just don't try to tell me that even in the very worst case scenario (no VFRB at all), the SP does not go 5-10x from here just on steel sales alone, and that I could not get a 150K+ divi every year on the back of it.
Unless of course you have different calcs ... no one on here has all the answers (least of all me !)
he got a bonus a few weeks ago. Quite a few here said he deserved it. You know the ones
Is that post a joke?
Is the problem!! We shareholders of Bushveld have been bullied for over 4 years and Fortune Majepelo has none nothing to protect us shareholders or the value of our company. The Majepelp disciples on this board will call me disingenuous and say what great deals he has done, ok lets look at those great deals. Vanchem what value has that great deal added to shareholder value? none. Vanchem what value has that deal added to shareholder value, we are told that it added $60 plus to the balance sheet, where is the value to the shareholder? Enerox great deal where is the value to the shareholder? We LT shareholders have been shafted for the last four years and Fortune Majepelo even poo poohed the idea on an interview that he should get involved in the blatant manipulation of our company’s share value. He Mr Majepelo is the only person who can counter this sustained attack on our investment, and he sits on his hands. Get us of AIM, you may like being shafted but it goes against everything i stand for to be bullied when there is a remedy.
I know his supporters will come at me but great deals are meaningless unless they add shareholder value. I am not a troll i have been here since October 2013 and have 3 million shares
purchased years ago so i am well above water, its just the sheer do nothing attitude of out BOD that has really got up my nose. Don’t come back and say just wait, the Eskom deal is just around the corner, what if we don’t win that deal and Eskom choose another technology. We have been waiting too long for great deals to move the SP.