Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Over $30 now. We get back up to over $40 and we should be comfortable with the small production we produce, just need the gas price to rise now
https://mobile.twitter.com/realDonaldTrump/status/1245720677660925952
Oil rising again on imminent production cuts.
Just in case anyone hasn’t seen it
https://www.ft.com/content/79b7dc43-da6b-4027-b68f-a177524972b6
Currently up to $28.17. If they agree the deal this will head over $30 again.
Just been looking on Bloomberg, fingers crossed
Watch the oil price today........ looks like an agreement on the cards.
We are still waiting for news on Santa Cruz drill....testing should be complete by now.......A positive result would be great now
The Best Buy signal you could wish for on AIM.... is when nobody can see any upside.
Incredible gains can be had.
I don’t think all is lost here.
Some may disagree. End of the day this is high risk, we know the risk we take when we invest. If shareholders are disappointed then maybe share dealing isn't for them?
I wouldn’t be in here if I felt this would be a dead duck. Better off selling and walking with something rather then ending up with nothing.
I’m not looking for the big gains on here like some may feel this will get too.
If this could now hit over 5p I’d be very happy so all not lost for me.
I don’t think all is lost here.
Some may disagree. End of the day this is high risk, we know the risk we take when we invest. If shareholders are disappointed then maybe share dealing is
Sell up these are garbage come on - think JP is involved
Agreed it not a great position to be in but its better than giving up and offers hope that ECHO can drill their way out of this mess.
nyforever
I took a lot of flak regarding my O/T comments and other observations.
I did not notice a slew of shareholders coming to my support.
I have not sold a single share.
It amuses me to see how many of those naysaying, non-shareholding @rseholes have disappeared, probably never to return.
My definitive comment might be "Be careful what you wish for!??!"
FIN
I will be comfortable with my investment when I hear some cost saving initiatives including director pay cuts in salaries.
I too like MarkyB work in the aviation industry. We as a business have had to make significant pay cuts to survive. Our CEO, leader of one of the busiest airports in the world is not being paid for 3mnths along other pay cuts throughout the organisation. I think Echo can survive this, but they need t do more.
Seen this spiral of death on so many aim companies.
Assets not covering costs. Borrow borrow borrow at inflated costs just to survive and keep people on jobs.
Cannot believe people are buying on the back of that rns.
Atb
I see no future for this company either I must say. But if you are in ....not much point in selling at this price. One of my fav stocks a couple of years ago when it did the reverse and we got that amazing placing price. Spiked to over 20 pence if I remember. Traded a few times late last year too. The trouble was I always thought echo rushed to buy rubbish at mad prices. They could have bought for a song now. Anyway good luck holders and let’s hope echo survives
The way I look at this is the company is trying to move forward in a difficult situation the world is in.
They could have shut up shop and try to sell the assets which they haven’t.
I think we will survive and come out ok on the other end. I’ve got my average down by 70% now by taking advantage of these current prices. Once good piece of news and I should be in profit now so I’m happy.
Makes you wonder why so called investors post so much to awards echo when we all want the same result.
Personally I don't think they are invested in the company.
Where has Wizard gone too? I do miss his wine and food comments at times like this.
Partridge, if you look at what is going on around the world there are huge global issues effecting nearly any company unless you make pharmaceutical/medical equipment. It is not surprising we are struggling its all about keeping our head above water until this passes. I work in the airport industry, 90% of planes are parked up, I've had to furlough, there will be a huge glut of oil soon, we have gas which helps us out especially with winter looming in Argentina .
If you feel that bad about your investment it is best you sell your shares and move on if you do not like the risk. I guess you are at a loss like most of us, so sell and cut your losses but if you're like me with my sipp that would hit me hard. I think we all know we are close to the edge here!!
I have just checked over the RNS's and I presume we are still testing the Santa Cruz well, if it is an extended test these can take from 4-6 weeks I believe as they need to complete a lock in test ! I cannot find any wording that says we have stopped this operation but that it could be considered to save funds Any comments on that?
The company is now paying interest on interest it cannot afford to pay. The debt holders have their boot firmly on the neck of the company. This was built into the DNA of the company with the conditions of the original loans (8% coupon, a 10% fee and will be issued at 80% of par, warrants etc). And guess what - people were taken into the management of the company to look after that debt. The company needs to raise cash but in the current market conditions it cannot. Problems, problems problems.