Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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He was in London on Tuesday.
The wages claims are just inaccurate nonsense and totally made up. They need to stop.
Italy is fine. The French projects are the problem of the buyers, not Eqtec. Eqtec only charge for the work now. There's no need to worry about them. Plenty of other revenue streams now.
Nice to know my £7000 'investment' paid for one of Paulumbo's weekly lifestyle wages. Where is he anyway? The silence is deafening...how it Italy performing, any news on Idex in France? and generally, what the hell is going on? Palumbo, where are you?
Your claims on the salaries are just untrue FJ. Simply inaccurate and wrong.
Let's hope Palumbo has finished doing shady finance deals with tin pot no marks, thus pinning the share price to the floor.
If only they concentrated and getting projects up and running instead of fleecing private investors, we may actually progress.
Nollo welcome to LSE and the eqt chat as a 1st time poster today.
As a 1st time poster unfortunately your wrong on me owning shares in this POS and having a share portfolio.
Being a newby there s a filter button available if you dont like the facts.
Put a sock it Foxyjoe et al. Your commentary is/are boring. I do hope they pay you idiots well for such mindless rubbish as you’re evidently bad investors given none of you are watching or commenting on any other shares on LSE or AIM than this one. Hmmmm makes you wonder of your intent for daily posting on a share you don’t own and worst still have no share portfolio!
Another fantastic week for Palumbo and the rest off his BOD nodding donkey buddies pocketing €6k each still despite destroying over £50m of shareholders funds entrusted to him via constant dilution and loans.
Shareholders have nobody to blame but themselves for swallowing up the revenue forecasts , deadlines repeatedly missed, pipelines 200 teasers pumped out , MOUs, LOI, colabarations name dropping, dodgy partnership dealings all designed to to hook mug punters to fund the lifestyle of Palumbo and co.
Yes Palumbo is totally responsible for having driven EQT into and through the mill if only he had been less gung ho with shareholders funds we,d be much better off today.
Eqtec have been put through the Mill.
There are a number of people on this board I’m sure that have an interest in destroying the reputation of the company.
You all know who you are. Your retort will be “ the bod have done that themselves” and you list all the issues.
Well I for one am not interested in hearing or seeing your drivel.
There are literally dozens of new energy firms travelling similar journeys to us.
We have a small amount of debt and a small amount of capital. We have assets, we have working plants, we have plants under construction, we have plants in the planning stage, we have technology that is accepted as a global leader.
This market will move rapidly when the time is right.
For me eqtec is a share to be in. Yes there are risks but those risks are seriously negated by capital , revenue and ongoing projects that will complete. And we know 2023 results will be out in the summer which will horrendous, but that’s last year., and we know what they are going to say.
No longer living in hope of a £250m project such as billingham, which would have bankrupt eqtec over the last 2 years.
But smaller deals funded by green energy grants such as Hawaii. Why would Hawaii come to an Irish firm?
Still searching for their first deal with compact GTL circa £60m ( £20m to eqtec)
2021 the year after covid and 2022 the year from hell for small firms
Forget the past, focus on the future because this little firm is not dead, it’s alive, and one day you may see huge transformations here.
Remember the Italian plant is running technology the world has never seen. The quality of gas is being predicted within 5% error rates.
Eqtec have done it the hard way but they’ve done it.
Don’t believe the slanderous lies you read on here. DYOR, and decide for yourself. There are huge risks involved in aim market stocks, but once this index recovers it will fly.
If eqtec are fortunate to survive such horrendous market conditions, I for one hope to see a recovery of my losses and future gains.
Good luck all.
You,d miss those days when Andii would remind us all of the revenue forcasts coming down the tracks paid for by that honest chappie Palumbo from the on the mark top analysts researchers Panure Gordon and Align research .
£72,164,000 was what their expert Analysis were forecasting for 2023 which seem a tad over optimistic now it seems.
Given the interims theres a fair chance they might be slightly off target by the odd £71m or £72m.
Class BOD & all for the benefit and in the best interest off the shareholders no doubt.
Good punt time at this price IMO
News due on several projects.
Route into US funding started.
It will be interesting next month to see who has visited the Italy setup. The different tests with products that have been completed to go with future sites.
Glad to see the end of the pivot and although the road has been difficult and we were warned that we wouldn't like the 2023 change progress is now possible without further borrowing and income is at start of projects instead of after building ourselves.
Imo they are dead in the water... nothing worthwhile happening...running out of money.
is it though really
bod spouting ****e .tick
confetti shares . tick
bod on outrageous wages for current performance.tick
z listers propping up the company.tick
Still can't believe just how low the price is here. Results soon should show the cap is at about a tenth of the value of the assets. Totally unfathomable. Plenty of funding available for the projects underway and cash coming in regularly now. Time for a big reset here. We can start at 5x by EOY.
No one understands the Verde deal because its a Palumbo special, anything to raise a little more cash to keep his ego inflated no mind to the impact, He has no respect for the shareholders they are just a fat cow to milk when he needs to raise a tenner for the coffee round. Palumbo has to go and someone that respects the shareholders who have kept this company afloat for over 20 years needs to be appointed. Palumbo's an utter buffoon who will take the company down rather than admitting he should downsize and control expenditure.
Full year results are expected to be as shocking at the interims, it's the post period updates that will be of most interest.
I really do not understand the Verde deal. Perhaps there is more to it as some think it is connected to Phoenix but i simply do not know. Why did DP do this deal without him ensuring Verde were good for money. Hopefully a miracle will happen and Logik complete on the land deal and we get out £1.7m and kick Verde into the rough and raise later when shareprice is 10x today. We do not need another bucketshop scalper to offload their shares and keep the shareprice down. Verde are hardly strategic of top draw investor as their web presence is almost zero. However i am looking forward to results as they will not be able to hide deals and update on commissioning at Nothfork etc. As long as an investor is not offloading into any news we might start to stagger upwards.
If the prospect of delivering a pipeline of pipelines was so great smirking Palumbo and lies through his teeth vander linden should be mortgaging his house to invest at these prices. Both are just full of sh I t
They increased their salarys by 100% when Palumbo/Altair took over his mismanagement here, then he was shamed into reducing it back down to still being 50% more than his initial salary for the destruction they've caused.
Palumbo has siphoned off over £1.5m here and whatever kickback he receives from Altair on top.
Yes he certainly cant afford a top up in this POS he has created.
Because they can't afford to. They've cut their salaries so far (a huge amount more than you keep listing) that they literally haven't got the spare cash. Plus, they won't be doing it now anyway as they'll be in a non buying period as close to results. Apply logic and every argument you make goes out of the window totally.
Palumbo and Jeff have so much confidence in this POS of a company they hold the grand total of 8 days wages worth for Palumbo and 3 days wages worth for Jeff baby at the price they drove it down to at present.
You'd Wonder why they ain't buying at such bargin basement levels ?
@Simms45, we should be £50M+ no £4M i totally agree, but with Palumbo and JV Liar at the wheel PI's have zero confidence in anything the company says or does. These two must go if the company is to regain any credibility with the market as well as binning off verde and stopping issuing equity at these levels.
Biggest faller today Bushveld Minerals issued this statement regarding their "strategic partner"
"As previously announced, Acacia Resources Limited ("Acacia") was due to settle its subscription of US$3.5 million on or before 28 February 2024. The Company has not to date received the subscription monies from Acacia. Acacia is in breach of the terms of the subscription letter which it signed with the Company on 30 November 2023. The Company has instructed its lawyers to commence legal proceedings against Acacia"
This is exactly the RNS we will see at the end of May with Verde, although i suspect Palumbo is not savvy enough to have positioned EQT in order to claim for Verde's bulls hit
#Vote_NO_to_Palumbos_reelection
Problem is the market cap bares no resemblance to company value. The Italian bank provided 2.5m refinance and they are looking at 10 year payback so Italy must be ticking over nicely. We just need to hold for updated news and hope DP is playing on the side of investors and not his personal strategy. We should be £50m for starters and not £4m. The share price today could well be looked back on as bonkers as i doubt anyone would even think a £50m market cap not being acceptable. Only reason we stand at these levels are a multitude of failures by board constantly selling shares to 3rd parties who, in last case, dumped almost all shares in 2 weeks. We have literally faced a fire sale but i think there are no new investors around. I suspect most are nursing huge losses and sitting on them. When i look at my watchlist thank goodness i did not invest and most are 50% down and plenty have gone down 90%. Eqtec is one of those but they actually have simething that should turn around the company. Just please DP do not next announce a massive share plan for the board at these levels unless you plan to put your own cash in. I am sick of boards destroying market value and then just at the bottom before the rerate they take a big bonus scheme. In 6 months i see Eqtec a long way north of today but only if DP stops the rot in dealing with low rent 3rd parties.
If the technology is that good it would have been bought over by now at this low MC.
This company has nothing going for it... poor management and technology no one is willing to fund.
Everytime I look in here I expect to see the delisting RNS confirming what Palumbo /Altair been striving towards since they took over from Ian Pearce 5 years ago.
Over 99% down from the highs with PI,s diluted to oblivion yet Palumbo still manages to keep this POS afloat somehow to extract further wages.
"Very highly experienced" according to the rubber stamping Nelson eyed chairman
Some of us could wipe out the price if we wanted to. Holding millions shared.
We don't want to so wonder what makes you be able to predict the future in such a way.
The doorway to tremendous progress is being arranged and no easy feat. USA has to be by a USA associated company to obtain massive function to enable the future aims to gradually grow.
Perfect small growing investment time.