Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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General carnage in markets is not going to last forever. This was an overdue 10-12% correction in Main markets and we are at about 9% depending on Index. Gold tested 1690 earlier this week but doesn't look like it wants to make a big step up yet. Virus cases are rising but not at an unbelievable rate . Bernie is freaking out markets but I don't think he stands a chance of getting in. It will be sooner than you think that we will test ATH's again . With that backdrop AIM shares have been battered but the sentiment turnaround here will be the same as for Main markets. I'll keep adding to my favourite AIM stories in dips.
It's a paper loss if you are £160k in profit and equally can/will move the other way.
Carnage will boost GGP: one of the impregnables!
Hard to do but we need to just switch off
This is prob going below 4 given general carnage in markets until next results ......Rup
thanks all. just wanted to get an insight into the thought processes of holders...
It all paper money!
From 5.6p to 4.6 i'd say i've "lost" 50K.... i'm not wealthy by any means so thats a lot of money... but then i have to remember i'm still 160K+ in profit.... and if this hits 8-10p..... thats serious cash!!!
SpadesAspade, an excellent point. Absolutely correct.
Exactly
It comes down to emotion relating to money really. If we look at the current market conditions objectively, it will later be seen as a blip in our journey. There is currently a fair bit of panic selling affecting the broader market, which will pass. I've seen my holding rise and fall by amounts that would be life changing for some, and this has happened many times over the years. We must learn to ignore short term moves if we want to realise the returns that we expect.
The problem for anyone holding a significant amount of stock, ie over 7 million shares, is that it is too risky to try & sell all of your stock at lets say 5.6p & then buy back in again lower. If I could buy a crystal ball down at Tesco`s that would predict as & when we were at the point upon were the SP started to go down then of course we would all sell & then buy in once we knew it had turned again. But unfortunately unless your timing was absolutely perfect, we cant know where the top & bottom of a days trade is going to be. Thats why the MM`s play these games, to keep us all guesing.
If you have 1 million shares, then trading them can be done because to sell & buy back a million does not seem to be a problem on most days. But like I said, trying to sell a large holding is difficult, because first of all you will not be able to sell them all in one trade & definately not be able to buy them back as quick. It could take you several days to buy your shares back & in much smaller tranches, & the price you end up paying for them could be significantly greater than what you sold them for. So for investors with a large number of ggp shares, they tend to not trade them. And yes this is from experience & yes the daily up`s & down`s on my spreadsheet usually varies between £15k - £45k per day difference.
I thought when I first got into share dealing that it would be easy to trade large amounts but after years at it you are better sitting on your hands if you believe in the company you are invested in because the saying "Good things happen to those that wait" is definately true in this instance. Good luck to whatever your strategy is, its your money at the end of the day.
sAs
If the p&l and volatility is too big, then the position is too big. Most traders reduce their position as VAR (value at risk) increases. Otherwise they are assessed a higher degree of equity to support the increased position ‘size’.
schlemiel,
I don't even want to think about it TBF. If it's a penny lower then I've given back enough to pay off my mortgage "sh*t".
Must of my holdings are in a SIPP that I can't access yet anyway so no big deal but I haven't traded this since 2.5 years and ain't going to start now.
My average is 1.3p so still well in paper profit at least and I can see us passing the 5.6p mark in time so happy to hold.
ATB Paddy
psychological techniques used when you experience a loss in paper profits that can amount to, for some, a year's salary for a professional person?
So for example, 2m shares bought at 2p = £40k
2m * 5.6p = £111k
paper profit at 5.6 = £71k
current price is 4.6 (bid) so holding now at = £92k
paper profit at 4.6 = £52k
difference fall of £19k from 5.6 to 4.6
That's a difference of £19k in a number of weeks. And that's net. That's around £6k/week or £312k annualised...
I'm playing with figures but I am sure there are some who will have experienced the 'trauma' of having to adjust to this type of brutal volatility.
I've given back around £7K or thereabouts but I suspect that pales into insignificance to some on here
I suppose one must keep both eyes on the eventual prize
I did hold £5k's worth of ASC from 4.5p way back
Apologies, just throwing thoughts around