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.
Yep...that's what happens when BOD remains silent on addressing the Gorilla in the room :-)
very disappointing
BB That is what LR said on a podcast, n response to a question from JW as to why they hadn't de-listed from ASX He replied, "He didn't want to waste £100k of shareholders cash on a delisting, because thats what it would cost"
@DW...Yep it is a bit like having a gorilla in the room....Not frigging knowing what to do....as an investor...Flight or fight !! Two options the way I see it and again...BOD not managing the situation well at all....They had enough time to get their ducks in a row whilst delisting from ASX and quite frankly....Zilch to show for it except giving the shareholders something that was produced last year already. Almost the end of the 1st Quarter of 2019....and quite frankly ...wonder what they up too ?? Anyone's guess I suppose.
It’s been mentioned before but perhaps everyone needs to be led by a full time chief, having to focus on multiple issues in various locations cannot be easy.
Please take a look at the Bezant chat board. BZT. (LR other company in the Philippines)
Looks like we are not alone on this. Also take a look at the charts going back 5 years, and it doesn't look good at all.
I have to agree DW, the word disappointing does seem apt.
When the ss was originally expected our sp was circa 60% higher than today, despite it clearly not being bad news. Even my modest expectations have not been achieved, and so we need to consider why. I did expect there to be a podcast to help present this in its most positive manner, which could have included updates on progress. Funding is clearly the main issue however and clarity is therefore required.
DW, I read your post shortly after you posted it and thought to myself, "Another RNS addressing your main point 7AM this morning surely". I was sadly mistaken.
An update to shareholders is the minimum they should do now, as there is no interest as the volumes show.
I fully understand he can't announce a deal which has not been done, but he could give an update as to what is being done at the present time to give confidence to the markets.
I honestly thought the de-listing from ASX was going to bring at least 3 RNSs in 3 consecutive days. After all they have had weeks to prepare them and go through them with a fine tooth comb to make sure no wording could be misinterpreted.
Has anyone worked out what cash we have left approx with the current burn rate? LR did speak before about £100K to de list so that needs factoring in too. Cash at bank= £ Bleak.
Is a placing imminent just to raise enough cash to keep the lights on whilst FI / JV discussions continue?
Dissapointed, is an understatement. LR The silence is deafening.
I've sat back a day and frankly, I'm extremely disappointed. What we got yesterday was merely some NPV numbers but absolutely no indication of any progress in the last couple of months. I was expecting a decent update (heck even half a one) that addressed the gorilla in the room, being operating cash. I and many others want to know the way forward but nothing. That's why there's no buyers or interest.
This is a great entry point at 0.0425 and cheap just bought a few today nothing to write home about , and if it goes wrong not a big loss , But if it comes right again great gain (pot of gold) Got out last time at 0.78 Christmas 13/14 with great gain anyway Hope all comes good again G L A
Seriously. What are you talking about???
i think we should have kept old name ? G L A We need it now
anyone else struggling to get a buy or sell quote?
Could something in that department be about to follow hot on the heels of today's RNS? Lack of usual media is interesting perhaps waiting for the biggy? Obviously dreary pumpathon with Justin Waite will drop any minute now!
Need a jv or buyout. Simple
NPV is never the same as MCAP - MCAP nearly always at a heavy discount.
Wait a while.....patience is key. The slingshot will happen IMO. We now know what the share is actually worth at todays value....NPV 1.4 pence. Another RNS should be released shortly referring to funding no doubt. This is my opinion only...but considering the quietness of the board whilst delisting took place I think they must have something lined up..... No stress :-) ....Even if we get diluted 100% its still worth 0.7 Pence....lets wait and see.
This is the one thing we were waiting for - mkt reaction has been crap and now nothing to get investors interested atm...impending fundraise is a scary thought. Sells at 0.035 so raising at 0.03 would be an achievement!
Youre quite right there bobby
BricksSA, Your maths IS correct.
There is no way the company have spent north of £100K to de list from ASX just to announce SS figures. I would hope LR and the team have a clear vision going forward and further announcements will be made in due course, funding being a priority and then this will re-rate very quickly.
As I have said before I don't want to see this given away due to cash flow problems but of course would be interested in any sensible offers, as I am sure most would be 1p per share is circa £55M and I personally would be happy with that at this stage of the proceedings. Sometimes your capital is better deployed elsewhere rather than hanging around for years to get a few quid more. I quote 1p because I think 25-35% of the NPV will be given away for FI / JV.
Taking this to a mine seems almost impossible to me with the financial resources we have available to us.
Anyway time will tell, but here's hoping not years. Looking forward to more news in the coming days.(Wishful thinking)
A podcast to reassure holders might not go a miss too, along with an update of where we are at with potential partners/ funding.
Bricks - I think your maths IS wrong. Your decimal place is in the wrong place on current SP! But you absolutely right, AIM 'jam tomorrow' chasers won't like this and will bail. I don't need jam tomorrow and I'm quite willing to wait this one out. If the missus will allow me to dismantle the kitchen sink, I may well throw that at it too. Potential is wide ranging but risk from current SP feels very low
It’s only a matter of time before the value of this asset is reflected in the sp.
…..and miss completely. Who in their right mind would sell a share at .0004 with a net present value of 1.4 pence ? I know EUZ need a cash injection very soon and or a JV and this will happen IMO so the sellers must be very desperate or my math is wrong....:-)
So the resource is over 50x our market cap haha time to load up and wait for jv