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Thanks for all you post on here Boyobach, very informative and it is certainly appreciated.
Having suggested that 525 might be on the cards last Sunday, it was not much fun to see it materialise today.
Let's hope the others on my list don't follow. https://invst.ly/x8upp
Last year's cash raise does now look absurdly expensive, with shares today at effectively half price in relation to it. That doesn't necessarily make CWR a bargain, of course. Marshall Wace seem to have picked a winner. Glad I haven't gone all-in yet.
I guess ITM's results day weighed Ceres SP down a bit today - hopefully we will see a continuation of the bounce back tomorrow.
There's no doubt that vulnerability remains despite a fairly textbook reversal pattern yesterday - you are probably right about the wider market moves today E-AL.
Daily view: https://invst.ly/x891s
I’m afraid the sp will drop tomorrow to yesterday’s lows. Whole US market dropped after the Fed meeting this evening :/
“ The stock market’s gains turned to losses Wednesday after the Federal Reserve left interest rates unchanged for the moment, but said hikes are on the way.”
A reasonable attempt today: https://invst.ly/x7-rn (15' view) a close at 617 would be good but I'll take 600 if that proves too high.
pre us open jitters setting in??
suspect it might go vertical if we get a solid rise on the nasdaq on the open
£5.60 on Monday seems a bargain price now it seems ...
i have come to the conclusion share dealing is akin to playing snakes and ladders
Boyo….” it was better to stand back until the carnage was over. ”
You hit this one on the spot….
ATB
H
I can safely say it will end well North of 1500 once the SOEC demonstrator has completed this year either through a steady price recovery or one of the Oil Majors that we were told were in discussions re SOEC in the interims buying Ceres out
"Work is going well on our first-of-a-kind solid oxide electrolyser (SOEC) 1MW-scale demonstrator to be operational in 2022. Whilst still early days, we have already seen strong interest from commercial partners, seeking to unlock green hydrogen opportunities for close integration with industrial and energy generation processes. We are engaging with a number of global majors across the oil and gas, industrial and clean energy sectors to demonstrate and commercialise our technology."
Good info tks Boyobach - yes agreed, who knows where this will end........................
So, on Sunday I did suggest that it was worth keeping an eye on the price squeeze, lows (red) indicating upward pressure (there was none) and highs (blue) representing downward pressure (plenty of it). And the result was the sp broke through red: https://invst.ly/x7rq6 (15’view) - at which point it was better to stand back until the carnage was over.
Is it over? For every trend that dies there’s a new one to watch: https://invst.ly/x7rrr .
Basically, until the sp breaks through blue, the answer is ‘no’. Each support level on the way is tempting and might prove to be the bottom but, equally, it might not.
525 anyone? https://invst.ly/x7s0i (daily tick). After that, maybe 482, 425....
Where would long term support be on Ceres?
time to phone the samaritans
https://www.gmo.com/europe/research-library/let-the-wild-rumpus-begin/
Alwayssome..” Why would you cover three in the same sector and not spread the risk?”
I hold in other sectors too but AFC,CWR and ITM are well oversold in comparison..just how I see it now..and bought the dips today in all of them…
In total 15 companies in my portfolio…
GL
The bizarre thing Dodger, is that he could be right on both counts - personally CWR is a hold - we will get a good bounce sooner or later - no idea when though.
So in three hours you’ve gone from strong sell, 500p coming ….to strong buy etc …lol
I actually have brought some today, this is extremely cheap considering the long term prospects, hugely overdone IMO, recovery play in 6 months easy
Why would you cover three in the same sector and not spread the risk?
"For now I am holding strong in the three Amigos (cwr itm and afc). But watching closely this week"
We are 13% down with Nasdaq this month from its high so hopefully we are near the end as the worst scenario analysts think it needs to drop towards the 15% figure.
Cwr like others in the sector dropped disproportionately with others and I think it just went into well oversold territory. The last update was great but didn’t reflect into its sp as one expected but went into reverse gear with nasdaq.
Selling at this level would be very unwise imo as a result of fearing it may go further down is blatantly wrong.
For now I am holding strong in the three Amigos (cwr itm and afc). But watching closely this week.
GL
We should note the background to the dramatic fall, as outlined in the Independent quoted below. and also spare a thought for poor Bezos, Musk etc etc.:
"It was the worst week for the stock market since the crash at the onset of the Covid-19 pandemic. At Friday’s close, the tech-focused Nasdaq was down 7.6 per cent for the week, its biggest decline since March 2020. This is also the fourth successive weekly drop for the index, the longest decline in nine months. "
https://www.independent.co.uk/life-style/gadgets-and-tech/elon-musk-crypto-stocks-jeff-bezos-b1998797.html
A 15' view of CWR shows this month's price squeeze leading up to Friday's close. My tip would be to watch the lows (red trend) because they track any upward pressure (there isn't any yet) whilst the highs (blue trend) track downward pressure (plenty of that). Where they meet only one can continue unbroken: https://invst.ly/x6ubj .
Also, beware of the 'averaging down' trap. The truth is simply that once a share is bought at a given price you can NEVER make a profit on it until the price goes above that level. You might offset the loss by making a profit on tranches subsequently bought at lower levels but each time you average down you should treat the new tranche as a separate investment in its own right. Averaging down can be a good method of optimising the price whilst initially acquiring shares but it can be a dangerous tool when an sp takes a dive and the bottom has not been established. My advice would be to not to think of the 'average price' that will result from adding but whether you seriously think the new tranche alone is really going to deliver the best prospects for a profit.
The posts here are quite good and all have different views and valid..
Nasdaq is not far from 15% correction that was expected to hit before recovery.
Next week will be crucial for this to happen if it will happen from fed to tesla q4 results …
Buying cwr and others in the same sector is a gamble but having dropped so much with nasdaq expected to recover after the 15% decline reached …then the odds are favourable here to buy these shares at this relatively low valuations and RSI below 30…
Contrarians could be right too but I feel our odds are better than them at present even if we see more decline in nasdaq but the rebound from there will be very strong imv..so holding or buying them probably is reasonable now….of course I like to think so having bought recently!
GL
It did seem earlier in the week that we were starting to see a recovery in tech shares, but with the black mood of the media this weekend the prospects don't look good.
The case for the pessimists - or we isn't seen nothing yet.
Personally, I think the US market has been distorted by the valuations on the very big tech companies - they are way OTT - the thing is what happens to the rest of the market if they revalue?
https://edition.cnn.com/2022/01/21/investing/jeremy-grantham-stock-bubble/index.html?Type=Store&bt_ee=6tkDC%2B0%2FYABNl%2FaGdTpeyeJsutVQ0eXsgPd7RAwlrfSRwwooWzKP4sX%2BMZc%2FQNHM&bt_ts=1642802512242