Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I deal with iweb (cos it's cheap!) and at 15.16 today the price went up by1.5p to 36p. They use Digitalook. Also 36p on 'This is MONEY' web site. But not registered on here. Hope it's LSE's mistake!
In theory secularist you're correct but this is Airbus! We were approved for wing pressure pads on the A330 in August '19. Other Airbus models were in the approval stage for the pads and some other applications were also being tested including landing gear but I have seen no further announcement.
The new larger reactor was needed to complete landing gear tests along with longer turbine blades so this new testing is in it's infancy. We are running one remaining old reactor at the old site because this is the only one airbus has approved. Any Airbus approval at the new site is apparently some 2 to 4 months away. Some 3 years ago Kirkham said that each reactor could generate around a 1mill of revenue per year.
Our Year has some 10 months to go so I'm hoping that we will benefit from Airbus orders in the 2nd half - not to sure if I want to hold my breath though!
Looking at the Airbus website re. suppliers it would appear that once you are established as a supplier approvals should become easier. Presumably initially much of the testing would have been about establishing that the quality of the output was of a quality and consistency required. While the new units may be larger, the concept and methods are presumably the same. With luck this should mean that it will be easier to get approval. Unfortunately one of the unknown unknowns relating to this share.
I've managed to convince someone to buy some Hardide shares this morning. Literally the first time that's ever happened.
I say 'convince' - I did almost nothing.
Turbine blades are possibly a bit way off - 12/24 months and possibly longer. EDF has supplied larger blades to test in the new larger reactor up to I think 1.5 MT's. They are interested in steam turbines for electricity generation. However the water droplet damage is also applicable to aero engine blades. The potential market for both applications is huge but my concern is the length of testing time. I think airbus is some 10 years already and we've only got 1 reactor approved!
I don't think a slow down in new aircraft production will necessarily be a problem. Turbine blades often need to be refurbished or replaced so the tungsten coating will still be required. Same applies to the large turbines used in electricity production. Engine manufacturers usually make more profit from selling spares than from the sale of the original engine.
Well yes if airbus is slowing production then that's not good. But as they are a new outlet then it must mean increased sales anyway. The MRO market is also opening up to us and from pretty much a zero base.
You have to bear in mind that only one reactor at the old site is airbus approved anyway so until the new site is approved then we have limitations with airbus. In the last 4 or 5 months there's been a lot of testing on a range of new products so I think this is where any growth may come until airbus approval in say Feb/Mar.
Since when did logic have anything to do with market action?!
On the face of it HDD looks like a good recovery play. I know a bit about the company and like it. But I worry that COVID has dealt a huge blow to the aero industry and this might curtail orders from AirBus. Also question marks about recovery in the Oil industry too.
Might be a small recovery but not back to early 2020 levels imo.
I suppose logic dictates the share price should return to February's level and then we'll see what happens from there, but in reality it might require some more good news from Hardide to make that happen.
Pre-Covid, Hardide was EBITDA positive, strong balance sheet, expansion to 9 reactors underway, multiple customers in development including aerospace. In January the company raised £2.5m at 63p. The Hardide coating is supported by tier 1 companies, coats parts HVOF cannot and performs better than the competition. Airbus still has a strategic aim to remove hard chrome from its supply chain and planes are still getting built. With the announcement of a vaccine the world will recover and Hardide's oil and gas markets will recover (much quicker than people think). I was very optimistic back in January and the Hardide thesis still remains, albeit delayed by 12 months. Big catalysts will be the announcement of long overdue Airbus orders and more customer/market diversification. In my opinion the share price reacting to more positive sentiment on Covid and this will continue.
13% so far in 2 days - very welcome - anybody any info?