Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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To add, the whole cyber attack drama turned out to be worth 25m less money from insurance. To put it in perspective, the global recovery of all systems cost them equivalent of 1 months earnings....and it is all back and running now and has better security than ever before. Think about it. Price always reflect the value, eventually. It may take a while but it has to re-rate at some point. With Travelex fully operational this is surely worth +100p now.
Market as usual, panic and histeria for no real reason. SARS, ebola, coronavirus you name it - all temporary.
KOH
I sold this morning at 61. Traded down from 129...missed 50p today..maybe tomorrow
GLA
Whole thing is in the realms of utter stupidity now. Day after day of AT algorithms pushing price here, there and everywhere. Firing in 100 sells per minute etc. 2 weeks ago valued at 490m now 370m. 1.4m more sells than buys today (out of 700m shares) and price down 14%! Who knows what the thing is actually worth? All a bit of a farce frankly.
Shetty 'n' co have got to go though. No good pretending it is business as usual. The bigger the cloud over NMC the worse the shadow on FIN. I notice on NMC a couple of the big holders who left are to become 'passive' investors and have handed their 9% holding over to a fund who will represent them. I think Shetty had better do the same, or the SP will be stay the play toy of the speculators.
Dont LOOK AT the current price, think*
Think for a second and look at the numbers. Hugely overdone. The whole business with annual EBITDA of +200m valued at 350m...complete madness. Travelex itself is worth well over a billion. Dont think on the current price, think. All that current nonsense was already included in price long time ago. Panic and sentiment, thats all. Wait a few months a we can have conversation who was right about buying opportunities at 50p. For now get a surgeon mask and panic like the rest of society. You wont have that opportunity in a few months time. TUI and Eayjet are on sale too by the way.
KOH
Keep telling yourselve everything is rosy .smells of manure and market agrees
Another panic drop, absolutely no reasons to panic.
A) materiality level after cyber attack confirmed which probably around 10% of annual EBITDA after insurance receipt, not the end of the world
B) Travelex back and running, services fully recovered
C) YE results date confirmed (understandable delay due to system being off for over a month)
D) some coronavirus / shetty uncertainty
Crazy, this was trading over 200p a 2 months ago.
This is worth over 100p now easily, much more once coronavirus is sorted.
KOH