Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Bear in mind that if you are down 90% on your initial investment and able to invest the same amount of money at current values you only need to double the current share price to be back in profit. 10x is possible but 2x would put you back in profit. We doubled the other day on non existent news so just imagine when we actually have some news worth talking about. We already know, anecdotally, that Northfork is about to or in the phase of commissioning and France, Hawaii, USA, Croatia and Greece are all moving along. The adio silence i suspect is because DP has been hauled over the coals about his ridiculous revenue spreadsheet he fleeced initial investors with. Now he appears far more cautious as frankly he should be pursued by shareholders for those early speculative revenue targets where he robbed a lot of investors with bare faced optimism. As foxy likes to remind us the revenue is the last quarter was so embarrassing for over 20 staff. There are probably people here that make more themselves than the entire company made in that disastrous period. However i expect we will be over 1m this period so while pathetic it is better than the last period.
There are two risks associated with a possible EQT recovery as it stands today.
The biggest being that smirking Palumbo’s ego has once again overtaken his capabilities, we keep getting news of this project, and that project posted on LinkedIn or twitter but we don’t see anything in regulated announcements, only debt and borrowing.
The big issue with Palumbo’s ego having put use where we are is working capital, how are EQT going to fund all the work we are led to believe they have in hand, now Palumbo and JV Liars have wasted £50m on nothing.
How many company’s are going to take a risk with their £20m+ projects with a supplier that can’t pay its electricity bills?
The risk of an EQT recovery is in my opinion greatly outweighed by the risk that Palumbo and his mates will take this company private, that last nail in retail investors coffins must be on the cards, the mass dilution of everyone but his mates is a clear route to achieving the 75% vote they would need, this would also explain why the BoD haven’t dipped into their own pockets and bought at these levels.
Only my opinion, I hate palumbo (smirking) and vander linden (liar) for the way they have fleeced this company’s shareholders and still don’t have the decency to resign
A 25% waving of your salary bonus is a pretty pathetic gesture when you salary still exceeds what revenue the company is making.
We will find out in the next few weeks who is deluded. If you look at the balance sheet total assets of the company amount to €50,686,582 made up of long-term investments of €29,825,309. Yes there are intangibles as well but the company has considerable assets and my review is that we are worth more than £5m. The Verde deal looks to be connected to a US financial close so that could be a double banger next week. NorthFork alone could be worth multiples of todays valuation alone. Even our Italy plant is probably worth more than Eqtec market cap. For me 50m is just the asset value and gives no value to the future potential and the disconnect is the massive mess created by rose tinted DP who is so uber bullish. My view is average down like crazy and enjoy the next ride that is incoming as i have done recently so even a small rise will put my whole position back into profit and ultimately a far bigger return. Since you are reading this i presume you are invested so you probably know all this. Sadly the market is the market and you can only speculate that the disconnect will close in time. gla
Simms - you’re continually deluded!
You said a while ago they had enough capital for 2 years - they clearly didn’t.
You continually expect a miracle in Northfork.
You continually say they’ve reached the bottom / turned a corner / are now on track! None of these are correct.
Of course you’re welcome to your opinion (as are C909 and Foxy) but mindless optimism is a much more dangerous investing strategy than numerically based cynicism.
It’ll need a fcuk sight more than good luck!
With market cap on its knees at £5m and billing this quarter must be closing in on £750k with Hawiah and MDC in france bringing in most of this we have plenty to look forward to. company has invested/sprayed £50m but we have Italy operating, we have North Fork commmissioning where we might have 49% stake, we have logik who potentially owe us a few million. We have France that will bring in 15m as it is pre funded although expeced 2025. There is croatia, Greece, another project in the USA. These are the credible and happening projects but there is also a long list besides. At the very least it brings down my average and i do not see that £50m is not unlikely valuation once these projects are announced. The lack of news i suspect is related to Verde who have agreed to invest at double todays share price for part of their investment and that should close this month. i suspect if that happens we will get news released right after the Easter break. Good luck.
Anybody up for a laugh ?
Financial highlights 2023;
Revenue and other operating income: €0.145 million (H1 2022: €2.98 million)
Gross profit €0.036 million (H1 2022: €0.24 million)
EBITDA loss before significant and non-recurring items: €1.92 million (H1 2022: €1.97 million)
Capital raise of £3.5 million (€4.05 million) through the placing of new shares
Reprofiling of existing loan facilities including the conversion of existing debt into equity and settlement of strategic supplier fees in new Ordinary Shares
Even Palumbo doesn't attempt to glitter this t urd anymore with webinars or collaborations ,MOU,LOI,s as every trick has been played to exhaustion.
Pathetic POS ( unless a BOD or part of Altair)
If RI is serious then lord help him, ignore... he's clearly someone who has never been able to work out how to tie his own shoelaces.
Regarding this shower I notice that they have converted zero euros zero cents from the €3B pipeline since the last RNS dated the 7th December. What the hell do they do all day aside from printing more shares to sell that nobody wants? If DP and JVL survive the next AGM in will only be a result of the gifted shares to their death spiral finance... sorry partners. I've seen some boards treat their shareholders with contempt but this is just theft now. They are not generating any money to pay wages one under performing project, one struggling to exit chapter 11, one delayed (no news on if they have started doing any work) and 2 possibly 3 agreed in principle. Revenue David, revenue... business 101 if you aren't generating revenue after 16 years it's not a business. You can tell they are going to have to do another raise, if this was the Victorian era they would be in jail. I'm sure others feel the same this company is just a con nothing more.
Never seen such little substance to somebodies posts "this will fly for no reason, but believe me"...
You belong in the crypto worlD of HODL and TO THE MOON
@Rightinvestor
You can not ignore the fact that the last official figures we have from the company makes clear that the 6 monthly revenue was a pitiful £145K, this doesn't even cover the 6 months of the combined salaries of smirking Palumbo and JV Liar, let alone the other 25 staff.
The bull s hit linkedin and twitter posts wont do anything to resurrect the prospects here, no one trusts the idiot duo any more, we need confirmed audited figures showing they are generating enough cash to pay the bills rather than expecting investors to pay, to gain any investor confidence that diluting dave wont screw them over again.
RightInvestor'lol
Yr post;
RE: Another string to the bow.11 Mar 2024 08:05
This share will fly in the next 2 weeks
Today is 25 March, so 2 weeks has passed. Not flying, but grounded. And for good measure, and to cover yourself, you posted 'will fly in next 2 weeks', 3 days ago. please cut out your nonsense posts, you just make yourself look very foolish and somewhat of an id*t.
Well said Muzzar " your persistent nonsense is almost as irritating as the company's performance."
I would love to believe that. But as I'm currently 98% down on my insignificant investment, I don't. In fact, your persistent nonsense is almost as irritating as the company's performance.
Come on, the company will skyrocket in 2 weeks maximum, believe me. Buy the equivalent of a Dacia Sandero today and sell in August and you will have enough to buy you your third Bugatti ;)
Another fantastic week for Palumbo pocketing €6k , up 50% since taking over 5 years ago despite collapsing the shareprice over 80 % less than his predecessor got sacked for and down 90 % since the AGM bluster.
After 5 years off Palumbos mismanagement he still gouges more in wages each week than the total income from all 27 employees .
Presumably they're all busy arranging the next round of "working capital " forward selling placing due in May to keep the show going .
Nice little earner .
Argh Ri you do make me laugh
Everyday there is no news here is a day closer to the next dilution I know this a complete write off of my investment and luckily it wasn’t massive so I can laugh it off
But you are really cheering me up today keep it up
I beg to disagree, EQT is rock solid and perfect company to invest right now. There is a plant up and running so investors will flock to build 100s units, it will grow like PHE (and look it up: I have been the one that predicted PHE growth...)
PHE are only at their march 2020 levels, and have been able to regain ground simply because they don't have any real cash drain, haven't made any idiotic investments based on CEO ego, but haven't really done anything to warrant a gain, other than empty promises much like we have seen from EQT on many an occasion!
EQT however have a cash drain of £400K per month are swamped with debt and have blown £50M of cash investment in 3 years with very little to show for it, generating next to nothing in revenue (£145K for the first 6 months of 2023)
The big question is what on earth are they doing on a daily basis. Name one other company that boasts ...
3 experienced executives (What an absolute joke!)
4 PhDs in Chemical engineering
16 process engineering "experts"
27 professionals worldwide !
50+ project engineers at partner CT3 !
and only generates £145K in 6 months after the company has been running for 27 years !
Why haven't Palumbo and JV Liar taken steps to cull the workforce that aren't earning and reduce the cash outflow! Why should shareholders be expected to pay these wages for staff that aren't generating revenue, How many process engineers and contractors do you need when working on projects that only generate £142K? , and to find out that they aren't delivering optimum processes first time is rubbing salt in the wounds, the business logic just doesn't add up.
It's simply down to Palumbo's ego.
Palumbo and JV Liar have taken to hiding their heads in shame, with meaningless LinkedIn posts being the extent of their company promotion, simply because they know that only revenue figures in an audited report will help recover any reputation for EQT, without that the company is toxic for investors with the constant threat that Palumbo will dilute again just to keep his empire limping along.
The say they were advised to cut down on the news flow by the NOMAD, in reality it was more like the NOMAD told them to cut down on the bull s hit, and without that there is very little else.
Can't hide much longer though you pair of charlatan's, Clearly Verde have ran scared and surely you are on borrowed time as you can't blame "outside" factors now competitors are starting to recover.
PHE + 24% last year
EQT - 92% last year.
Lucky to have such a Top notch management here in this POS.
Nothing more to be said, is probably why EQT haven't issued a february trading update this year?
You can't hide forever Palumbo!, he must be desperate for something other than more debt, more equity issued and more delays to put in the post period update.
You can't continue to blame the "market" or "external factors" as your competitors recover, only one thing to blame, BoD's inability to manage cashflow and constant borrowing and ongoing dilution has made this share toxic for investors.
27 staff should have been culled to less than 10 based on the revenue generation and pipeline, but Palumbo's ego wouldn't wear that, so investors are still asked to pay wages and bills every month.
"Nothing more to be said" says C909. We can all thank our lucky stars for that
£10,000 down to £150 ffs haha, miracles are required.
"It has a market capitalisation of £3.99m, with approximately 181.49m shares in issue. Over the last year, Eqtec share price has been traded in a range of 4.6275, hitting a high of 4.65, and a low of 0.0225."
Nothing more to be said !
Lowest end of day close ever.
New dose of LTIP reward RNS must be imminent!
Another fantastic week for Diluter Dave and the BOD pocketing another €6k today shamed down from €8k per week recently due to his utter destruction of the shareprice and trust to ever deliver a profit or project on time.
Palumbo even managed a delay on his latest dilution fix via Verde to fund the 27 employees for next month .
Would it ever occur to Palumbo and co about pulling in some revenues to fund his lifestyle since his usual placing route is running dry it seems ?
Clocks ticking on the b ull Dayy.
Good at delivering
I think their egos have destroyed this company
Anyone that actually cared for the future of a company would not want to pillage it at a rate they can not and may never be able to self sustain
They think they deserve such wages for earning next to nothing
They are unsackable by the looks of it
Gotta be they are still in post