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.
I do not think this is going anywhere for a while - next few months will be telling
Cashew - facility must be fully fixed Q2 as promised - chances of this happening with DKL is minimal - and even if they say it is fixed who would believe them
Year End Report - usually around June - if this is laced with lots of new equity issue, payments in equity for anything and everything, issue of shares in exchange for salaries etc
Chances are DKL will screw up both the above - Cashew delayed, loads of new shares in issue - if this happens expect this to tank yet further - regardless of Palm Oil updates, CPO prices, cashew prices etc
this share is blind hope now - ive kind of written the money off - it needs to succeed in spite of the board, if success is reliant on board competence and management - bye bye
Is ridiculous. Despite the obvious cashew blunder.
Down 16.7% on my trading platform.
A dummy sale offers me 1.12p today which is an ATL for me anyway. Can buy (as if!) At 1.17p so the quoted SP is not in sync with reality. A CPO update due within 1,4,5,6 days which you would hope might offer a glimmer of hope. There seems to be no level at which our hapless board would buy in the open market so we can only hope some other trigger for a revival happens along. I say happens as it won't be by design by our incompetent Board.
CPO prices have broken upwards through $1,000 and are at their highest for 7 months:
Https://rea.co.uk/investors/CPO-price/
And consensus is for high prices to continue:
Https://uk.finance.yahoo.com/news/wrapup-1-shrinking-global-palm-090816554.html
Hopefully local CPO prices will follow this lead - hopefully they can't diverge for too long....
2 m sold today. That's almost 12 m in the past two weeks.
Mr Black probably sees some value in DKL. The own plantation hectares at 1700 is worth way more than the market cap, probably more than double. Then there is the mill. I assume the cashew business is worth something but probably no where near what was paid for it so there looks like plenty of upside providing management begin to work for shareholders.
Was there any sign of a big buyer recently? 28 million shares added? Caught me by surprise that's for sure.
Good to see though.
Well management were informed on the 15th so they knew what was going on. Hopefully these new holders have a bit of clout and will sack on of the incompetent board or at least force a vote on it.
New RNS today. A Nominee Co. (Nortrust Nominees Ltd) has lifted its stake from a previous 5.27% to 10.32%. Any ideas who might be behind this? When I look at DKL's website, and the list of major shareholders as at 28 September 2023, none of the larger shareholders seem to tally up with the original 5% stake. Also can't see a previous RNS from this entity, which would have been triggered when they originally crossed 3% on their way to 5%. All a bit odd. Presumably the incremental 5% has come in a block trade from an existing larger shareholder rather than in market purchases???
So, now we know who has been buying a few shares. One of Blacks other holdings is Red Rock Resources which has a pretty colourful history....
I have managed get a dummy trade quote to sell/buy 1m. Usually have to delete a zero to get a firm price. It remains 1.21 to 1.25
Yes Danny you are correct. There has not been any recent director buying recently. The point FK1 was making was that we are perhaps lucky the price has not fallen further with the 5 million sold on one day last week. Wonder for how long the brokers are prepared absorb shares at the 1.21-1,22 level ? Would be nice if they have a large buy to cover.
The problem with these shares is, that there is plenty of them and no one is buying.
None of the directors are buying any as they are being printed for them for free and whenever the company needs any they print more too.
So there will be plenty on the books of the brokers or intermediaries.
I cannot understand the recent trades either FK1. And cannot get any clarity from the management .
As of 1000 this morning dummy trades for 100,000 are showing me a buying price of 1.25 and for selling it's 1.22 so a nice tight spread, but no trades !
How come all those sells and the SP is unmoved? It has dropped 8% before on volume of 25000ish for example or on no trades. Is it Brokers moving stock between each other? Don't understand it at all tbh!
Evening Rugs! It is difficult to impossible to escape what you term backbiting without being effectively silenced on here. The SP situation is catastrophic and discussions and opinions will necessarily reflect that on one side while those recently bought in will presumably have a different take as is their right. It is how it plays out that is important after all. I doubt the person who has dumped all those shares is reading this BB and thought hey they are backbiting on a BB I best liquidate my position!
If you’re a trader and you see better short term opportunities elsewhere then you’ll likely exit here and go there before potentially returning here.
That’s what this recent update did, it pointed to end of Q1 into Q2 as the earliest point in which we’ll see any sort of meaningful catalyst. Bit disappointing.
And I don’t think anyone sensible would argue DKL is worth 8p til there’s evidence of the cashew business reaching profitability.
Why would you sell any? Apparently they are worth 8p according to a reputable broker … and it’s also the Chinese number for luck!
Id we now see a sale of 549791 we will know Lincoln has sold his holding.....
Seriously can we stop all the backbiting.
Could I have your full name SideshowB I want to look you up on Oxford Uni LinkedIn?.I see you have a Double First in the English language 😏
Well I won't apologise to you if it goes to zero because... I'm not ruling it out! I think we only disagree over why DKL are where they are - for me equal parts significant operational failures and the market being rotten right now, for you a laundry list which includes lack of commitment to buy shares, lack of incentives, lack of effort to put things right, lack of effort in terms of communication etc
And I fully understand why we have different levels of animosity towards the management, I'm sure mine would be like yours if i'd been here not one year but ten. So I get it!
Sideshows has spammed this comment on SIX threads and apologised haha.Nurse!
Harchris I accept I come across as bitter and angry but actually am philosophical about it. I can inform you I have two close friends who post here who have suffered more than me. My posts are o by words here and I bear you no ill will whatsoever. I got partially stop lossed at 1.5p but if DKL goes your way I will recover at least some of my losses. You really do remind me of some of the stuff I used to post here but I had the full DKL treatment. I will be happy to apologise to you on here if we see 3p again not to mind 3.5p. I just think it is o ly fair to reflect my own experiences here regardless if I stymy my own SP recovery .
Ha re your 0p before 3.5p well i'm betting on the latter by holding at this point but I don't doubt there's a chance it goes to zero. We will indeed see in time and probably both be still here posting either way - bookmarked!