Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I'm only invested to the tune of £10k, but differently the world would look if the ML had been authorised.
In late August they have the next tranche of the Appledore acquisition to pay for ..these things you have to prepare for, outside of business running costs
" A total of £1.50 million consisting of cash of £1.20 million and Ordinary Shares in the Company equivalent to £300,000 "
WinH. I agree entirely and will be looking to close out my investment of many years here.
The infa pipeline is looking more like a pipedream. Instead of profit all that ever comes out of the pipe is more debt and jam. Faith in company gone.
Wonder how that book builds going?
to a further £10.5 million placing when we are awarded the phase 2 contact work!!
The sad fact is that we could be building both WDVs ,win an FSS contract, get the go ahead for 15 Hydrogen caverns and a commission to build HMS Prince Philip and we'd still lose out because INFA shareholders have always been treated like mugs and it never changes!
Not at all surprised by todays placing. Purchasing equipment, setting up costs and investment in personnel required to be able to handle fabrication and shipbuilding contracts potentially in the hundreds of millions need upfront expenditure and cash on the balance sheet.
Last accounts showed just shy of £4M which for the likely contracts they are competing for was never going to be enough.
If one or two meaty contracts come to fruition now because of this then this placing will soon be forgotten about. Expecting firm news on the ML decision this month too.
Bought a small amount today at 31.2p
I know what it's like to be 20K and 30K down. If you believe in the company just hold and maybe put it in the bottom drawer. I will be keenly watching however. I presume we are all fundamental investors and not just traders - usually when the price goes down, the traders don't know what to do because they never really had a real reason to invest, whilst the fundamental investors hold strong until the market realises the company's true value.
More good news is on the way, if you don't desperately need to pull your cash out of the market just hold tight.
WimH. Fair enough. However, I'm expecting the government to ensure that INFA becomes a success story that will be used to advertise British ingenuity and efficiency to the world.
As a result I’m 16k worse off than I was at the end of last week
@razorshultz on the contrary, whilst my name is not real (as per most other people here) I have been a genuine holder, but have just sold off all my holdings, in 6 tranches as HL wouldnt accept large transactions -I neither know why nor do I care that it costs more or why. The important thing is that I invested in a company for one reason and whilst it would have gone to the wall if that had been the only plan, I have no interest in holding shares in a company in shipbuilding (in the UK) which is at best a fragile industry at worst entirely propped up by the government should they wish, given that UK yards are probably some of the most expensive, inefficient, lacking in skills and investment worldwide. It just doesn't seem like a good prospect from my perspective. But when we have 3 or 4 cash calls in a year or so and the Directors take £2m in bonuses I'm afraid my intuition for what its worth leads me to believe that they either are charalatans, or are very bad at communicating their belief in the company.
The bottom line is they do not have one shipping build contract and they don't have the experience or know how to get one. In my opinion. I also think that companies may be shy to use them because they are constantly running out of money (thats not my opinion thats fact).
But I wish you all the luck, there are some genuine investors here (myself included) who deserve some answers but more importantly some returns.
Given that I am out I will cease any further comments.
he's not a good guesser and probably didn't know anything. The trolls who go so far as to say "this company will be bust within months" are always proven laughably wrong, both here and on every other share I've invested in - so they stick with making predictions that seem plausible, such as "ooo there's a placing coming!". Which is why they arranged for a fresh account with only 8 posts to make such a prediction - they don't want to risk losing credibility on the accounts they've been posting on for long periods of time.
Which to be honest isn't hard to do when you have a company that you know has only just started generating revenue
I'm invested here for two reasons. Firstly, to be part of the post-Brexit success story of our island nation. Secondly, to make some money. I see INFA as a slow burner as the task in hand is complex, but I expect the company to burn brightly in a few years from now.
GLA
I guess participating in the 1 for 6 is a way of averaging down. In the absence of the ML this is becoming a highly risky investment. I guess I am prepared to continue to support, but losing confidence in JW. If the enterprise ultimately fails would we get anything back from sale of the assets? I recall someone saying the Appledore could be sold for housing development!
My other big holding is a SA company where the workers have gone on non-union approved strikes twice in 2 years, where the officials are corrupt and there has been a massive institutional seller offloading shares suppressing the price for over 2 years. So yes, avyererdowt, INFA is like a walk in the park compared to that. UK company with good management, smart acquisitions, a large pipeline of tendering, some of which we will win, maiden revenues made and cash break-even on the way, ML on the way, what's not to like? Do you really think that's existence on a "Knife edge"? A company which is expecting to break even this year?
I took part in the last placing, and I suspect I might take up a small amount once again. JW has pulled a rabbit out of the hat more than once with his highly successful moves in competitive bids for these assets. We took over H&W, the engineering firm that built the titanic, in the face of significant global competition from other bidders, which has diversified us from just a salt cavern that has yet to be built, into a big player in the UK shipbuilding industry which we expect to be bolstered due to brexit.
How anyone can be more upset than pleased, I don't know. Yes it's true that nobody likes placings, but we are not a mining exploration company which does a placing every year, they will end at a point.
try not to panic, you sound like a weak holder Avyererdowt, as you keep bringing up fools that I've filtered in the past so as to not have to bother seeing their stupid posts - blairpeach and whatamess specifically. It's also wrong to say their critics have been quiet - I and the other LTHs here aren't quiet, we just don't feel the need to screech about the RNS. We're comfortable in our investments and given that the company has a multi billion quid pipeline of work on the way, the ML is due, and they expect to be cash break-even by the end of this year, I don't see what the concern is.
The fundamentals have not changed here, and the fact they brought in another freshly created fake account to post rubbish about the company this morning, suggests they're getting desperate.
One for the forgotten drawer.
NigelHaemoglobin,
All shareholders are deemed to be sufficiently "experienced"
if not .. we all buy at your own risk....and the learning curve can be expensive
Stokey at the moment considering voting no for resolution 3. The company needs investors who can afford open offers, rights issues etc, if the shareholder base now consists of more experienced investors (namely successful ones) then we should be the first point of recourse regarding fund raising.
Less miserly than the last open offer though!
Chrisatrdg
Not being underwritten makes it cheaper - and suggests that they have already gone round the City and sounded out investors and have a pretty good idea that the 30p placing will be bought up...
You don't do an accelerated book-build with out sounding out the City beforehand
How would they know the price ..if they hadn't already sounded them out ?
The City tells you the price ...it isn't the other way round....
Hi All - Not to support the company now would be insane & all our monies would go down the pan !!!!!!
Can I ask in relation to the shareholders meeting how many people are planning to advise their broker to vote against or abstain on the resolutions.
Well I am not surprised at todays RNS except it would have been more honest to have combined the fund raise with the recent contract announcement as they clearly go together.I am not sure what the lawyers would think.
Well you can gamble & buy in at these 'low prices' or wait for the SP to recover & Sell.I will be Holding as I need to break even the proceeds going into an extension next year.
My only concern, as I read it, is that this share offer has not been under written which is a first I believe.
In conclusion this is INFA's last chance of them making the company a 'Going Concern' as I am sure the business model cannot sustain any further fund raises as investors will just not believe them.Lets hope that investors will want to Buy in this time otherwise it is 'Good Night Vienna'.
Regards to all.
Narada
Record Date for the Open Offer - 6.00p.m. on 30 April 2021
you wont be getting anything for "free"
Yes, you need to study this issue carefully.
The Group is currently in ongoing discussions with prime defence contractors regarding subcontract fabrication opportunities for a series of defence contracts, and has received several approaches from cruise operators for technical dry dockings before cruise vessels are brought back into operation.