Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. 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.
Final Final Final top up done on slight dip. (Searched behind the sofas and everything). GLA.
I've been in for a while and top up when I have funds, last one for me was 21p
I convinced the Mrs to become a Criticalairian yesterday at 21.5 so that must show my view lol
I'm sure anyone pre RTO could have a 5 times return by xmas and if I said what I truly believe i'd get shot down as a ramer
The stock warrants would have been issued at 10p by CRTM around IPO investors, that give the holder the right to buy company shares at a certain price before the expiration. No more would be offered. CEO has said minimal future dilutions circa 100% Max and any placings likely to include PIs as strong alignment to board, company and all classes of investors is desirable
I have been in since 9p so everything at market price seems more expensive now, 10p would be ideal if I was offered any.
This will seem cheap when we’re £2 a share & we’re still making acquisitions to increase the SP further
UTB - it depends on how you define cheap. I’m purchased between 15 and 21 p on open market and I consider that cheap. The people exercising warrants at 10p would consider that cheap. Considering where this is modelled to go, based on what the CEO has said in interviews and the breadcrumbs on Twitter with the factors of commodities/metal super cycle starting, I still think these shares are cheap, right up until it makes a purchase and suspends. On 212 people have said they struggled to buy in significant quantities- shares are sparse and tightly held. Try buying in smaller amounts if you consider this a purchase after reviewing your research.
East Star Resources on companies house can’t see a range resources though, why do you ask?
https://find-and-update.company-information.service.gov.uk/officers/9lbd-ZhbR5J5P3zxpQtHKyRaoLk/appointments
Sorry I am confused there are cheap shares going where ? I havent' been prompted by my share purchasing app to part take. I have this particualr share in tradign 212
Charlie, yes, one and the same.
https://find-and-update.company-information.service.gov.uk/officers/9lbd-ZhbR5J5P3zxpQtHKyRaoLk/appointments
Bringing this back to the top of the board in case anyone else wants to board before the likely suspension in the near future and have to pay more after.
Thanks Seamus. Happy to be on the journey here and looking decent this morning!
I've been buying from 7's all the way up to last week and will keep buying as I get funds and this is by far my largest holding
CEO has publicly said his target is 20m EBITA so god only knows what his real target is
He has also said he aims to list on NASDAQ and expects institutions and therefore dividends
Vorag, You won't be saying you where late to party when we are at £2 :)
Noel Borg seems to think so Iknownuffin
https://twitter.com/Borg74/status/1385491144897925122?s=20
This will be a type of share that many have looked at and it has kept rising and rising, thinking oh no it’s too high but this will keep going up and up. It is not too late to jump in but it will be difficult with the float calculated at 5% or less :)
Double checked and CRTM is classified as an investment vehicle.
Yes, it can invest in a company without an RTO, but this is subject to the gross asset test, which excludes the cash holding.
CRTM will retain its name, and the company Metal A and Metal B would issue shares to a CRTM holding company.
It will relist the larger company as a mining company, therefore it shouldn’t ever have to do another RTO after the first one.
From the recent price action and it going NT for me, I don’t believe there are many shares to go about - lots of sticky hands.
I was in at 8p out at 14p and now back in at 16p, this only seems to creep up, fundamentally looks sound LTH now with a bigger investment this time.
Thanks Vorag.
Still unclear how RTO workS if looking at aquring multiple companies, so let me try a simple scenario and let me know your thoughts
If CRTM targets 2metal companies Metal A worth £20m and Metal B worth £10m
It acquires metal A first thru a rto So needs to file a new propectus to incoprate new company and revalue the new enlarged entinity. Does CRTM retain its trading name or does it become Metal A? Presumably this is something both parties have to agree to.
Then if we assume CRTM trading name is retained , Then when it relist as a larger trading company by mcap then at the point can acquire Metal B without need to rto as it will be the larger company.
Alternatively if Metal A and Metal B we’re both valued less than CRTM is currently, then it can acquire both without need to RTO or suspend right?
Does this make sense?
If CRTM is look at acquiring Metal A and Metal B.
If CRTM target Metal A. Via RTO would that not mean CRTM become Metal A right if CRTM was
I’m in at 16p (a little late to the party), but I expect to be holding this for a couple of years minimum due to the management and vision.
My understanding is that it is an investment vehicle with a prospectus targeting mines. The CEO has been to Africa recently to multiple locations. I believe when it looks to acquire one or more mines with its raised capital, it would fall under an RTO, certainty constituting a change of purpose of the company, requiring suspension of the shares, new prospectus and re-valuation on return to the market. But it could do multiple companies in one RTO suspension in my view.
Thanks Vorag.
One question form here for clarity here.
Is CRTM classing itself as a SPAC or an investment vehicle.
If it’s a SPAC, the. presumably it can only target one acquisition target for RTO right?
But if if s an investment vehicle it can Fund Invest in multiple companies without RTO.
Appreciate thoughts here as this a point of confusion differentiating a SPAC vs investment vehicle
CRTM – reasons to buy?
• From my notes, do your own research!
• 40m shares issued, 44m with all warrants cashed. Cash, with all warrants, around £2.2m, ultra-low monthly cash burn. Current mcap, 7m.
• Future dilution? The CEO has talked of a future max. outstanding of 80-90m to maximise shareholder returns.
• CEO and board, experienced in mining, finance and seriously connected. They’ve done it before, and they’ll do it again. CEO is highly favourable to investors – no options, lifestyle pay, or interminable placements. He and the board only benefit through higher sp. Aligned interests.
• Aim is to build a portfolio of revenue generating critical mineral mines. Which are typically valued at least 5x EBITDA, but – wildcard – scarcity, strategic importance and metals boom could drive that much higher.
• Majors don’t touch small mines, under say 3m annual revenue, their valuations are also low, and usually under-capitalised, making the economics compelling for a skilled resources and finance aggregator.
• In 2021, CRTM is targeting several mines, which advanced due diligence expected to complete. On the first purchase, FCA requires a suspension, viewing it as a RTO, likely to last up to three months. This could be one or two mines.
• After the first purchase(s), revenues will leverage further expansions, creating a dynamic growth potential for the sp.
• My price targets
12 months: quite easy to model a case for a sp north of £1 based on multiple mine purchases and target 20m EBITDA in next couple of years.
Short term – before first transaction: fair value at 25p – doesn’t mean the market will value it there, and further derisking needed, but that is the first pricing point
Substantial room to appreciate pre-RTO, then post RTO, base case is for sp to triple from that fair value over the next 12 months.