Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Try real responsibiluty for 30 ton40 k staff and anserable to the CEO with the outcome good or bad affecting a company share price the you will be somewhere near the mark. Not a CS answerable to nobody. Lol
Well lads you sound like a group who should never have gone for a small company or AIM. I have only hovered around the edge of AIM because it is what it is, for start ups, some survive most do not. Few companies hang in for as long as CC and a CEO putting in that much money and effort. You are coming over as sad losers. You should have worked at your stock market skills, even pulled out. If you are in over 30p you could be moaning for the next 18 months but to me well over 100p is achievable in that time. We will probably know the beginnings in September or soon after.
jake, in the past I have had make decisions within minutes involving major incidents whereas you have probably had to make paper decisions and blame others. Entirely different, you don't use your brains.
This share still has the makings of a winner so hope you stay on board but STOP whinging it upsets others.
DYOR
Nailed it. A classic CS , don't rock the boat, yes man. They stand out a mile.
"You sound more like a civil servant who never had to worry about targets or deliverables?"
or a Cyan employee.
And there we have it Tony. " Virtually Current " therefore not complete. Another twist on words . As I said R and D cannot by definition be "virtually" anything , the spend and work never cease in tech companies.
If as you suggest Omni is complete CC should be developing new product lines.
I would assume you haven't ever worked in a commercial environment? You sound more like a civil servant who never had to worry about targets or deliverables?
jake, do look more closely at what is being said. Virtually, not as in reality, means as good as done and that is Omni for the present clients, otherwise it would not be taken up by Indore so enthusiastically, who want the latest.
I expect we shall all know shortly what is to come but it looks good to me.
DYOR
"R&D is virtually current" you embarrass yourself Tony. Have you ever work in a tech environment? R and D by its nature is never current ,always moving and improving , and spend never stops ,otherwise we would still be using valves for TVs and transistors for radio. In the tech industry you snooze you lose.
Oops forgot.......must not disagree with the man who makes it up as he goes along . When you learn fact from fiction Tony we will be somwwhere near the same level. A few little orders will not make a difference to the the fact the only consistency here is the share price is through the floor since consolidation and the BOD are pulling a good salary. As they say you can put lipstick on a pig ....but it's still a pig.
Well jake, what did you make of JVVNL 430,000 unit order, Indore expansion, 2 Thailand orders.
Grow up jake don't just stir.
The night is young with CC and there is some way to go but R&D is virtually current so from now on it should be profit.
DYOR
Line of credit is fineTony ...........orders are p!aced. You can get paid up front as you say , but the simple fact is no orders no income. That's the simple fact here currently. Talk is cheap money buys houses.
No problem CB.
Additional orders would be good. Orders that go the distance and generate revenue, are even better.
LTI.
Evening CB/LTI..
If you remember CC supplies the add-ons to Genus, and presumably the other two, on a line of credit so there is no outlay as it is down to the manufacturers to place the orders. Modules made on credit> presumably then programmed> delivered to Genus etc and paid for on delivery at that point. Difference being immediate profit and other charges maintenance etc paid when meters finally installed. My take is that the big 3 bear the cost of any stock holding.
DYOR
Thanks LTI. Concise answer and I do agree this is the correct route. It would also tie in with CC's monthly output. All we need now is orders, and orders that progress and not stall and cancel.
Hello CB,
As I have learnt over the years, my thoughts are of no interest to you. They are just used as a platform for you to latch onto to post an alternative point of view, about CyanConnode or individuals involved within CyanConnode.
When you talk about cost's v revenue, I seem to remember you had been suggesting that there would be a Placing, on occasions, since about March 2019, even though the Company suggested they were working on alternatives to a Placing, which they seem to have achieved. Here we are in August 2020 and we understand that we can generate enough cash that should see us through to at least June 2021.
" Do you really think they are supplying millions of units ...... " If you re-read my post again, on Friday, at 20:40, you will see that I commented that:-
" Genus, L&T and HPL etc., provide non-RF meters as well as RF meters." So until the RF meter market grows, I am assuming, and I do not like to assume to often, that each manufacturer ( Genus, L&T, HPL, are the named ones) are holding a limited amount of stock, of CyanConnode RF modules for use as/when required.
So to answer your question, I do not think, as you suggest, that CyanConnode " ....... are supplying millions of units for manufacturers to supply to market when tech will mostly never be needed." Just enough modules to cope with the anticipated increase in demand.
It's known in manufacturing as " Just in time " manufacturing. Very cost effective if you get the supply chain right.
And getting back to the cash balance of the Company, I might suggest that if CyanConnode had supplied " ..... millions of units to suppliers ...... " the Company would be more financially exposed than it is. So as far as I am concerned, there seems to have been some prudent " house-keeping " carried out over the last 18/24 month's or so.
I will cover EESL under a different heading at another time.
LTI.
If this applies to every meter, as you clearly believe it does though tried to say it didn't, it confirms how hopeless this BoD are. It also gives an idea why the company costs are so abusively high against revenue. Do you really think they are supplying millions of units, for manufacturers integrate and supply to market when the tech will mostly never be needed ? EESL the only current volume movers are not interested in the tech across regular installs. I'd be interested to know your thoughts LTI, it makes no sense to me.
........ Annual Report and Accounts, 2018, informed share-holders that:-
" Leading meter manufactures, such as Genus, HPL Electric & Power and L&T, have integrated CyanConnode's standards-based Omnimesh technology with their IS 16444 smart meters, so as to comply with the Bureau of Indian Standards meter protocol."
http://cyanconnode.com/wp-content/uploads/2019/05/Annual_report_ye2018-_WEB.pdf
LTI.