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.
Oh dear, Lucifer, you have been seething quietly since we pulled your leg on 16-Sep, waiting for a chance to get your own back! When the counter-poke (hardly a counterblow) finally came, it was a bit of a damp squib, I have to say. I get the impression that your heart is not really committed to this assignment...
How's it going guys? You ok?
There are three types of people: Sheep, wolves and wolf hunters. The sheep don't like the hunters because their guns are loud and scary.
Don't give up the day job, lol
Lucy (is that short for Lucifer?): “I do what I do because I hate fraud”. Excuse me while I wipe the tears of mirth from my eyes. It’s like Albert Pierrepoint saying “I do what I do because I hate keeping people hanging around.” You’ve been rumbled and if I were you, I’d call it a day and stop trying to push a boulder up a hill. I hope Shady Fellas don’t pay you by results, because since you graced us with your altruistic social conscience the CSH price has progressed! Better luck next time and hopefully elsewhere.
Agreed Matt - A statement from the BOD should do the trick.
For now I'll just sit back and enjoy my 6% and stop looking on here until the de-rampers who purport to be looking after us poor amateur investors have gone to ply their stuff on another board.
DS clearly a person working for Shadow Fall. Note that CH has also gone very quiet. What has happened at CSH is poor judgement, but certainly not fraud. If that's the best SF can come up with then I think they're going to have a difficult time.
What was your previous nom de plume when you last deigned to enlighten people on these boards
Are you going to the AGM?
I agree about Blue Prism. I did quite a lot of work on that and decided that the software might be quite sticky. Valuation seemed bonkers, but then... what doesn't these days?
As for why I'm on here... Well, you can think what you like, but I do what I do because I hate fraud. I come on these boards once in a while, when a short thesis in the UK tickles me. Then I try and persuade people of who the real bad guys are. And then i get bored of being accused of having ulterior motives, and I go back to work. It's a waste of my time, I know. No matter, here is the current state of the world:
- Corporate fraud is rampant and almost always goes unpunished.
- The relevant parts of our police force commit most of their resource to prosecuting benefits fraud, and will do everything they can to avoid going after anyone that can "lawyer up".
- The FCA is a sham, designed to give the appearance of regulation, without actually doing very much at all. If you don't believe me, read their annual report - it's a joke - they closed zero criminal cases in the 2019/20 year! Over half of the fines came from one case against Stand Chartered, and they'd been accepting suitcases of cash without any AML checks!
- Cross border fraud is even worse, because there is no cross border police. Europol, for instance, accepts no incoming phone calls.
- The world, each year, becomes more and more corrupt, as Moneyland grows in strength.
- The risk/reward is strongly in favour of breaking the law and pretty much the only people in society countering this trend are journalists, with a tiny bit of support from short sellers.
With that, I wish you well.
Another poster who has just joined LSE and decides to pitch in with CH, and also tell us what a great manager SF is....Makes you wonder , doesn't it...? ;-))
Also, if they're so good, what about Blue Prism? Finally I think that holding a shorting HF up as some paragon of virtue (or a 'legend') is laughable, and tells you all you need to know about this poster!
Well... I didn't mean to imply this is a Wirecard. But I would say that if you wound the clock back to 2015, say, investors in Wirecard would tell you: "This is not Parmalat!" Indeed, it wasn't Parmalat, it was Wirecard! Lol. No disrespect intended to you or anyone else on the board. I'm just defending someone who I believe to be entirely honourable, in part because he has consistently shown himself to be such. But also because being a dishonourable activist in a country like Britain, where the defamation laws so heavily favour the plaintiff, is a short route to bankruptcy.
Anyway... that's getting back to playing the man, not the ball. Like you say, the most important thing at this point is the quality of the NAV and how well covered the dividend is - clearly this is not a stock for which you close your eyes and back the management. Good luck.
I do find it concerning that no statement from Civitas reit as yet - definitely something that should be forthcoming from the board.
LucyDS - I think I get your point about backing management teams and I definitely agree with the fact that more information should be shared. I, however, I am not sure that the rest of your statement is correct. He may be a "legend" and making money against the flow is not a bad thing at all. What I disrespect is the tactics used and the fact that information provided here and in the Shadowfall statements is one sided and not actually correct in many instances. For example, the idea that properties were bought at 3x book actually has no value as it should be dependent on market value vs purchase price. Civitas should be disclosing that information for a related party transaction or at least highlighting that they took independent advice on the valuation, outside of the representation of the manager (i.e. Tom Pridmore et al...). There are others as well.
I am not defending the stock or the management team and have sold out and have started buying back at the levels yesterday as its an attractive price, yield and likely to return above 100 when the shorts need to unwind (IMO). If Shadowfall and others uncover a fraud, which would have to be between Civitas, their managers and team members, advisors, lawyers and various other stakeholders then we have all been duped. Unlike Wirecard, there is actual rents being received, in real properties with real (vulnerable) individuals residing in these properties.
I'm not sure that's right MattTheBrave. Some of what ConcernedInvestor is pointing to does stack up. The IoM entity is clearly connected to and owned at least in part by directors/owners of CIM. That's an undisclosed related party transaction through an IoM shell company. Whether that is illegal or not doesn't really matter because there is pretty much zero financial regulation in the UK anyway. But whether it represents deception and self-enrichment of those directors at the expense of shareholders...? That's perhaps not entirely "nailed on" but it requires some degree of mental gymnastics to conclude otherwise. Even on the "amended" figures as presented in the company's PR hit through their paid service provider, Quoted Data, the transaction seems to be extremely beneficial to the buyers.
I noticed another comment from someone about whether the Times is independent, with reference to the Boohoo coverage. I would point out that several media outlets, including the BBC and the Guardian, were highly critical of Boohoo ahead of and subsequent to Shadowfall's report. This does not necessarily mean Shadowfall pulls all their strings. It could mean that the Kamani family were engaged in wrongdoing. There was quite a lot of evidence supporting that view, including illegal migrant labour working under illegal conditions packaging up clothes for Boohoo brands on behalf of companies connected to the Kamanis. In response to all that activism, including the activism of Shadowfall, many changes were made in the company. For instance, Boohoo bought out the Kamani family's personal stake in Pretty Little Thing at a substantial premium to what most analysts had thought it was worth. Investigations into the illegal labour and Boohoo's governance led to changes. But, notably, none of the big four audit practices have been willing to act as auditor to Boohoo...
Personally, I think it's important for investors to know when they should play the man and when they should play the ball. When you are backing a management team, and you are reliant on their honesty, playing the man is the right move: invest in people you trust. When activists are throwing muck at a company, ignore who they are - it doesn't matter who they are or what their incentives are because you're not investing in them. Focus on what they are saying. Do the facts stand up to challenge?
I don't know who ConcernedInvestor is, but I do know that Matt Earl (Shadowfall) has a tremendous reputation in the industry. Did you know he bravely waged a multi year campaign against Wirecard? He was criminally investigated in Germany for such, and then ultimately given a personal commendation and apology by the German government for the treatment he received in exposing one of Europe's largest ever frauds. Matt Earl is a legend. I am certain he could earn a lot more money by going with the flow, rather than picking fights with bad guys.
..only joined last month, and all posts have been on CSH. He clearly has insight into CSH, but all the facts are twisted to support his negative view, whilst many of his claims are simply not true. Clearly something amiss here, although why anyone would think that retail investor boards like this one can actually move prices is beyond me. Anyway, I think we should take anything he says with a mountain of salt.