Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@Devil Sadly Rincon is on slow burn ATM, but hopeful of better results from deep drilling at Hasties. Rincon is a £microcap with fairly thin trading so moves on next to nothing. I was very happy with what I picked up directly from ASX and it won't take much positive news to send it flying again
ATB APR
Yeah rincon need some amazing drilling results, They had recent director buys. They are presenting at the biggest mining event in London either today or tomorrow I believe. There share price moves so easy either way
Many thanks for the feedback on IPO. Todays small constant buying is very strange but without Low6 I sadly can’t see this rise holding. Rincon has been very poor recently
Yeah just hints people think ASX/American joint listing, he said to a share holder chat he will update them in 7-10 days and this was on Friday. Should find out next week at latest what is actually happening
There has been no formal announcement but there has been a few hints by the low6 ceo Jamie Mitchell posting pictures in New York maybe alluding to a listing in the states but who knows? I’m sure all will become clear but the fact gun have shares as part of the pre ipo funding is good for them and when it does finally ipo I see it going orbital with the hype.
@kevin I check https://www2.asx.com.au/listings/upcoming-floats-and-listings regularly and still no posting that ASX IPO has been lodged
I hold a good chunk of both Gun and Rincon directly
ATB APR
5 of them were me
Only lets you by in 500 pound chunks .
Ready to move for sure
Why so many volume buys of shares at about £500 ??
Have you seen any update on Low6 ipo - I haven’t seen anything
I too hold both gun and rgo. Both will benefit from the low6 ipo. Rgo benefit via theirv20% holding in piri. Pluto ipo in piri too. And rgo have the smarttech rto into ccap
Both gun and rgo have Akers as a major investor. Gun holds about 200k in mush I think. That’s another big Akers play. Although the mush holding is relatively small here I think it’s going to do very well indeed for us
50% higher will take us to on par NAV , not including cash at hand and several stocks held at purchase cost as in private hands i.e Low6
Really impressed with Managements selection and quality , slightly different approach then RGO who ring fence debt with shares and warrants - with clauses for loans to be returned.
RGO - also good solid investment case
Great results. Share price should be at least 50% higher.
CHAIRMAN'S REPORT (INCORPORATING THE STRATEGIC REVIEW)
I am pleased to present the annual report and financial statements for the year ended 31 July 2021. The Company made a profit for the year to 31 July 2021 of GBP2,012,000 (2020: loss GBP991,000) after taxation. The Company had net assets of GBP6,303,000 (2020: GBP2,470,000) at 31 July 2021, and cash balances of GBP1,071,000 (2020: GBP838,000).
The shares are undervalued, yes.... but the small portfolio of holdings are falling weekly.
Current nav is around 1.25p with the resource stocks being weak.
Cash was just over £1m at end June so difficult to assess current cash position.
I sense a move to 1.05/1.10 may be the right value?
Can’t stay the is insanely undervalued for much longer will get bought out at this rate