Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yep, glad I stayed with the share. I've been buying a load more. I think this will continue to rise, so much money to make.
Yep. We are an elite group of happy holders!
$25 just taken out. What a share. Thank heavens for the switch to the NASDAQ otherwise can you imagine how many pages of drivel we would have considering the SP movement over the last 6 weeks!
Nice read. Looks like $23 on opening.
Have a good week everyone. Stay safe with the reduced rules!
Draftkings SP finished at over $40 last Friday, equating to a Market Cap of $12.4 billion. The company went public on 24 April and its opening sp was $9.76, so a 400% increase in less than six weeks. Their full year revenue for 2019 was $432million but in their analyst day presentation they anticipated upto $4.7 billion annual revenue (ie. an increase of over x 10). This is obviously a very optimistic and bullish statement but investors are clearly betting that online gambling will multiply and drive growth for many years. A few gaming related companies like Draftkings and GAN are currently in a very hot sector, where huge market cap values are being achieved, that are unrelated to past earnings, but reflect potential earnings over the next few years. The US Sports Betting Market is estimated to hit $5.7 billion by 2024 (based on 34 states) and $10.4 billion (based on all 50 states).
GAN's market cap at close last Friday was $612 million with an sp of over $22. This reflects an increase of over 100% from the opening sp of $10.6 about three weeks ago. An impressive increase but still well short of Draftkings within a six week period. Some analysts anticipate a possible sp for Draftkings of upto $75 per share. Draftkings has a strong first-mover advantage in online sports betting and is highly recognised among sports fans but GAN is thought to have advantage with their platform software and services solution, together with their leadership experience in the sector. I believe that huge investment will continue in this sector and a market cap of $2 billion for GAN is not unreasonable. The significant current increase in market cap to $612million will make GAN eligible to move into the Russell 2000 and the S&P Small Cap 600 Indexes. This in itself will attract large institutions and funds, which currently would not invest in lower tier companies. All very positive.
Maybe people will be able to gamble on the riots!!
Seriously though, what a great share. It is now one of my biggest holdings, but I'm not selling any more while it has this momentum and growth potential
After hours Gan went up to about £4.75p. Will we get to $25 dollars next week? Riots allowing?
Yup...22 hit. I saw you posting about WEB today BP. I sold at 1.80. Just doesn’t hold the same appeal for me as GAN.....it’s basketball, baseball, football, hockey etc that will bring in the sports book money. All IMO of course, but good luck!
22 dollars. That’s 4.5 in pounds. Will we get 50 dollars in a year for over 10? We might.
And in the time it took me to key that post....$21.32
And edging ever closer to $21....
Have a great weekend everyone...
Nope. still holding. Hit a high of 20 dollars today. Thats 4.05 pounds a share. So a near 700 per cent rally since the March lows.
choo choo . . . . . .
This board still busy ?? - figured we'd all flown across the pond
$19.50. Lovely!
Premarket $18.70 now!
Rivaldo - thanks from me as well. Nice to see this Company continue to do well in its fairly unassuming way, while all these fireworks are going on with other tempting recovery plays and Covid stocks.
Great news, thanks for posting.
Up above $18 now....
"GAN Announces Cordish Gaming Group as a Major New Client of Internet Gambling in Pennsylvania
28/05/2020 12:00pm
GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions to the U.S. land-based casino industry, today announced that Cordish Gaming Group, the global gaming division of The Cordish Companies, has engaged GAN as their enterprise software Platform provider to power their new “PlayLive!” branded Internet gambling business in the State of Pennsylvania, complementing the development of two new Live!-branded gaming facilities in Philadelphia and Pittsburgh.
The new Live! Casino & Hotel, located in the Stadium Entertainment District in the City of Philadelphia, will be a world-class hotel, gaming & entertainment destination featuring 2,200 slot machines and 150+ live action table games. The second new Live! Casino, located in Westmoreland County, near Pittsburgh, will feature more than 100,000 square-feet of gaming, dining and entertainment space, including 750 slots and approximately 30 live action table games. Both locations are expected to open in 2020.
Leveraging the nationally-recognized “Live! Rewards” customer loyalty program, this new Internet gambling destination website and counterpart mobile apps will launch in Fall 2020, in advance of the new Live! Casino openings—the first time a branded online gambling site has launched prior to the bricks and mortar facility. “PlayLive” will enable residents of Pennsylvania to enroll in advance, online, for their Live! Rewards Players Card, and feature a full range of gambling content for end users to engage with, encompassing Internet slots, table games and non-traditional online gambling games.
Live! is an existing client of GAN’s Simulated Gaming launched online in 2015 as an amenity complementing the Live! Casino & Hotel at Arundel Mills in Hanover, Maryland, proving once again the strategic advantage of GAN deploying this entertainment-only form of Internet gaming years in advance of regulated, intrastate, real money Internet gambling. In doing so, GAN increases the propensity of Simulated Gaming clients to extend their relationship with the Company to encompass real money Internet gambling.
Live! Casino will be GAN’s third client of real money Internet gambling enterprise software in the State of Pennsylvania, expanding GAN’s real money Internet gambling operations in the U.S. These operations now include the following states—New Jersey, Pennsylvania, Indiana, and Michigan and Ohio, both of which are expected to commence in the first half of 2021.
etc"