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.
It is always a costly initiative to develop completely new tech - But NOW we have a ready to go GDPR compliant secure blockchain technology Covid passport App - ready for market. Countries including U.K. (and let’s not forget Scotland! PHS discussions!) need this not in a few months when someone else decides to do this but now. The only other rival similar is IBM just developed so you think they had a bad idea? You think they didn’t have to trial theirs and are trialling? We are still trialling with eg the Fortune 500 construction co & await outcome) We may be a small company but we have big tech initiatives already being looked at by our own government ( we are acting as a consultant from a service provider point of view to UKGov) - we have lots of irons I’m sure in many geographical different fires and don’t forget African initiatives. As investors we should welcome the ability to get in at ground floor level in any company - patience and make your position whilst we can at such low SP.
IMHO DYOR GLA
Ok thanks I’m gonna sell now can’t believe I couldn’t see it your so clever I wish I was as good investor as you!! Thanks again!
Yes a jv a possibility or multiple smaller contracts but likely to be limited regards revenue generation.
Possible overseas contract where requirements for trading statements are as rigid
Likely they would partner with a bigger company to qualify. It would be stupid to lose out on such opportunity. If they don't make it now, never ever they will strike a Govt Contract.
In my opinion the company is unlikely to win any government or large corporate contracts because it simply won't meet the tender contractual requirements covering 3 years of audit accounts.
Covering financial operational and a key area liquidity.
No it was Sharebel...
Still plummeting
Everyone is entitled to their opinion. Ultimately, the SP has factored in that this company has not generated revenue until this point, and this company market cap wise is sitting not too much higher than a company in the same position with zero prospects.
It is therefore a case of whether you think it possible that they'll come out of all of this with contracts.
With the Government now looking likely to adopt passporting, and many private companies looking like doing the same, it opens up a range of opportunities. And not just in this country. We could get an update on overseas ventures at any point, too.
Yep - all existing relationships have not been great profit makers, but surely you can't deny the company seems to have entered these agreements to position themselves ready for the coming months, and I'm sure will have gathered proven data that puts them ahead of competitors. It's been about positioning, testing the robustness and gaining experience that other companies likely won't have. Hence why the historic accounts reflect expenditures for R&D.
This company may not secure the holy grail gov contract, but I firmly believe it will come out of this with a number of very profitable deals.
Why you wasting your time posting here then?! Bore off!
More delusion posting this morning. This company has been developing this app for over a year now and hasn`t earned a bean from it. Every RNS is couched with this is a freebie to England badminton, a tiny hospital in Newcastle. Then there`s the trial in Botswana. No news on that. The accounts are just confirmation of this BOD lifestyle company. At the forefront of govt conversations was also said by the same man who last June said there was "loads of interest" in the new app.
The govt are pretty unlikely after all the procurement issues they`ve had to award contracts to a non profit making, non revenue earning, can`t file accounts on time company. Todays news is more confirmation of what an awful company this is.
I am confused by the statement from the CEO re lack of revenue/contracts :
' Whilst receiving positive feedback, to date our platform has not generated any material revenues for the Company due to high levels of uncertainty caused by government-imposed lockdowns to control the pandemic.'
Surely the reason the platform is needed is because of the lockdown/pandemic?
So how can this be the reason for no contracts?
GL.
No sales of a health certification app during a global pandemic. This share is going nowhere.
And as for the participation in the government consultation, that was something any company could contribute to, that's why they are called consultations. They are not leading anything.
By all means take a punt but you'll be highly unlikely to see any meaningful return here.
Another little leg down is obviously possible, but I also believe we will end the day in a much better position than it was looking this morning.
Poor accounts almost always have this reaction, Catenae is not alone in this. Immediate sell off, panic, negative posts on Twitter, forums etc.
Then the news gets digested.
Any serious investor will not find these results a shock - nobody entered this because of years of consistent profitability and revenue. Until now, it's been in the development phase, readying itself for the opportunity that now stands before it.
The only update that should be news to anyone of any relevance, is the cash position. I personally can't envisage a cash raise any time soon.
Little reminder of Gov talks. "At the forefront" in Guy's words.
This lot aren't stupid. If you had positive news to share, would you do this before releasing the highlights (lowlights) of poor old accounts, knowing the impact this has on share price market wide? Or would you wait until after, remove as many of the bumps in the road as possible to allow for a clearer course ahead.
I personally feel good amount the fundamentals after this, and am more hopeful we'll hear something very soon than I was last week. GL DYOR
Looks like it's going back up. Doubt you will see anything lower than this morning but all depends on MM tactics!
Nathan - I think you’ll find that would be mopped up in seconds - the real bottom ask was 2.38 which has bounced to 2.50 now - well done whoever bought some then! To me this is the Covid stocks 2021 new NCYT.
IMHO DYOR GLA
Do you still post on this board Shox or did you finally see the truth about this company and sell out? I see you don't post on twitter about it anymore.
With people panic selling and being short sighted I predict a price of 2.00p by end of play
That said, I wouldn't be surprised if MMs use this as a chance for some fear mongering and play the share price today, despite the historic accounts of this company having really no part to play in it's current value - we all knew for the vast majority of last year the focus was on getting themselves ready.
GL all, don't panic - April should be a good month here - as Guy mentioned again, they're at the forefront of Gov conversations - this could even come in handy for any privatisation of passporting.
Aye, we already knew this company wasn't churning revenue in the past. No surprise there - as you've touched on, this company's market cap is not a huge deal greater than that of a shell company on the market.
This company is valued (still under IMO) on its potential - one that's finally getting close with deadlines in April and possible contracts.
The only thing that the RNS states of it's current situation is the cash position - c1.2m. Very positive, and suggests no cash raises around the corner.
I think this is good news , there’s something definitely going on and they are having to keep it under wraps .
It all smacks of an announcement in May .
One and only - seriously lol. Must. Try. Harder. Is this not cheap enough for you?
IMHO DYOR GLA
It’s coming...we all know it’s coming and accepted this is the next chapter in the Covid Pandemic saga...buy the quiet times and be ready and waiting when it does. Tick tock CTEA holders...we have what everyone now needs and we can hit the ground running...nay sprinting!
IMHO DYOR GLA
UK government contract less likely, as they often require a set of latest audited accounts.
DYOR and good luck all.
Nothing new really and the reporting delay doesn't seem to suggest any major issue. The CCO has a v good CV: just had a quick look on LinkedIn.