George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
They have to announce tomorrow right? The put out an RNS saying it would be end of March… and with the bank hol it leaves tomorrow. Plus I *think* PLCs have to submit accounts within 6 months of the FY end… which it end of this month.
… 🙏🤞
Come on CLCO let's be having you. We're already at the end of H1 2024!
My sincere apologies, I posted on the wrong chat, it should have been norman broadbent.
Yeah, he's obviously got the wrong board.
I don't think Downing Strategic Investment Trust were even invested in CLCO.
Twodgrees where are you seeing this? I can't see an RNS on any platform?
Downing LLP
Downing Strategic Investment Trust, Client funds managed by Downing LLP, selling out, still over 7% left to sell
7.280000
Resulting situation on the date on which threshold was crossed or reached
7.280000
4649374 downing just sold
Position of previous notification (if applicable)
13.930000
I don't know what you are expecting from the results? They will be as stated in November I expect. The devil will be in the detail of course.
The forward looking statement and news on debt will be the only thing to move this. If you are expecting exciting results then you are gonna be sorely disappointed!
Really hoping for some great results here as there has been a mix of buys and sells. I along with many others have been here since the takeover back in 2019 where the SP has subsequently dropped. We really need some good news to cheer everyone up as we know the fundamentals are great and we’re in a multi billion pound market. Let’s hope the BOD can reward us faithfully share holders with some good solid results as we move into profit and plans to clear any debt. Onwards and upwards all the way!!
Mark and the team quietly getting on with building the business. The share price will follow.
A good forward statement will help with debt repayment / refinancing conversations, these won't be an issue as the story is there for everyone to see.
Patience
Here’s hoping. If there is good news it’s been well hidden
Be great to see debt down in the upcoming results
Yes and another chunky buy today. Someone knows something. Will Mark pull it out of the hat?
Couple of nice buys. Will we see strength coming up to results...
CLCO are very tardy with results. By the end of March we'll already be waiting for a H1 update let alone results from last year!
Yes but clearly they will communicate it at some point. It's not due until October and in any case it's all owed to MXC so it's not a hard deadline and something will be sorted out.
Lets not forget they still OWE over £5.5 mil in debit, and they have still not declared how they plan to pay that back. Im heavily into this share at a loss and would dearly love to see this come good. But is will not start happening until they say how they are going to do that.
I hope so. I'm hopeful for a good year for CLCO. IMO this is a massively undervalued share.
That's true but on the other hand the share is not very liquid so it won't take much interest to move it. And a lot of interest from a great results update will put a rocket up it!
Whilst there has been more shares, the volume is still painfully low. I think they'll struggle to notably shift the SP without any substantial news or generally improve their PR. This is a massively undervalued company IMO, but will look too much of a risk to many potential casual investors. But I hope I'm wrong!
Its been a while since I've commented on here, but I think you could well be right with these predictions.
Adding in a 4th: 1 more acquisition.
Fingers crossed for a great year for CLCO. Its due
Steady interest in this the past couple of weeks. The results in a few weeks should prove interesting reading.
My 3 predictions for this year :
1) The debt will be refinanced, removing this uncertainty
2) The company will move to profitability
3) The share price will re-rate much higher
Here, here. Increasing revenues and earnings, less than 12 months to cash positive. Circa £2m worth of IPv4 addresses on the books.
The company will have several options. I'm expecting a combination of refinancing, pay down and possibly some conversion.
Also worth noting MXC converted for fair value over at Tialis. Fair vale here is 2p.
Income forecast more than enough over the coming year to start paying down the debt, and plenty of options on the table outside of that.
No chance at all of these "fading away"