Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good post Stokey
spudtheplumber ref 18.50 post In the next six months news that might give the share price a jolt in my view is a favourable mention of INFA in the National Shipbuilding Contract, A further contract to fabricate jackets for windfarms other than Saipem. The next update in September showing a quarter on quarter increase in revenues. Also if INFA gets some more cruise repair work which is better promoted.
Blair Peach, I think your loss is dreadful. From the day of the unexplained defenestration of the chairman, GL, and the changing of the broker I felt that there was something badly amiss here. I left with a loss that was less than half of yours, but I never regretted the choice I made.
the involvement in the HW purchase was all posited on the idea of government grants which never appeared. The ML was reportedly about to be granted before the chairman went. No satisfactory explanation for the lack of the licence or the chairman leaving was forthcoming. Remember HW went bust once.........!
I'm definitely shutting up now but before I do I'm interested to hear what short term news oldtramp and co expect will move this sp north???
https://twitter.com/spudtheplumber/status/1363256193456762889?s=19
This tweet was written AFTER buying this management .....
Evening all will be good to get an update on progress on Saipem contract the next phase is of the contract will need to be released soon. Also good to see Saipem are increasing interests in floating offshore wind turbines
https://twitter.com/spudtheplumber/status/1363256193456762889
next round of CFDs due to be announced soon
https://www.offshore-energy.biz/uk-to-launch-round-4-cfd-auction-in-december/
Chrisatrdg ref 16.55 post I cannot find fault with your reasoning. By my calculations there is a shortfall of about £5-6m between income that is known to be due this year and projected income for this year.
Hi stokey12 - In the belief that the business model is not broken then in order to meet its targets in its 'pipe line' there has to be some contract news soon.I have been wrong before but July seems right especially with regards the vessel in Belfast today which is still mored up.No RNS in July then I will really get worried maybe some investors visiting Methil at the end of the month may have a better idea.Inviting investors to Methil this month with no expected news would not be a good move by JW.July seems to be when I expect some positive news for reasons just given.This may not be sound but just how I feel.
Chrisatrdg Ref 14.16 post Can I ask you if you do not mind elaborating on why you think positive news will come this month. I note that Parliament goes on recess from the end of the sitting next Thursday so any pre summer policy statements will have to be made by then.
INFA a pound.
Another frustrating investment opportunity stretching back over a decade and around a 99.9% share price slaughter. It was meant to be a gas storage business but somehow has recently bought into a shipyard business with shareholder money. What is the connection?
If the SP continues to drop to a level I think has reached the bottom I will be tempted to Sell some of my Summit shares currently trading on the NASDAQ & Buy to average down.I believe that if the 'business plan' was broken then INFA would be obliged to update the market so what we are seeing is typical of AIM no news & the SP gets slaughtered.I am sure positive news will come this month time to Hold.
Rome wasn't built in a day!!!DYOR
Page 10/12 worth a read
https://www.cbi.org.uk/media/7017/cbi-northern-ireland-response-to-energy-strategy-for-northern-ireland-consultation-on-policy-options-july-2021.pdf
" do you really see anyone paying anything like £6m for a junk-yard? "
well ..yeah...but... depends on whether someone is a visionary or a cave dweller ....
you can look at plenty of areas that looked like a "junk-yard" one year... but ..... over time and with vision can change quite dramatically.......
" Have you seen the state of the place? It is full of rubble and junk and appears derelict "
I could give you a list a mile long of areas like that...that have been transformed over time......
so..who knows...I wouldn't dismiss it all based just on a service visual....just yet
stokey12,
Perhaps I am arrogant, but marking to model, as opposed to marking to market, is what got the world into its current financial mess.
If there are no buyers, what is the value?
Well some must indeed be dissatisfied and dismayed at deppration of share value ,I stand by the fact that you have to build a business over time and imho JW is doing exactly that so buy along the way at this ridiculous price is a must for Mr as in the future this will be more like £1+ than 18p+ imho , risk reward I'll takes ,empty land you say?,let's see ...
I read your posts back then with interest and considered leaving at the same time.
I didn't and here I am. An absolute dog of a share.
stokey12,
Perhaps I am arrogant, but marking to model, as opposed to marking to market, is what got the world into its current financial mess.
If there are no buyers, what is the value?
BlairPeach Ref 21.37 post I must say it takes a certain amount of arrogance to think that your view of the value of H&W should be preferred to that of a professional valuers. For any lender to accept the assets of H&W as collateral for a debt facility they must have been satisfied that the total assets were worth more than the amount being loaned.
Respect your opinion but disagree.There are things going on behind the scenes in my view that we have little information about.Obviously the sp is dismal but share prices don't always reflect the reality and there are other pressures on share prices other than market sentiment.Let's see what unfolds over the next couple of months and revisit the conversation.
The PM’s big speech on levelling up yesterday was very thin. The only spending commitment was £50mln on new football pitches. A government supported national shipbuilding revival seems a very distant prospect indeed….
“ Boris Johnson’s flagship “levelling up” speech has been criticised by experts for containing scant new policy as concern grows among Conservative MPs that the guiding principle of his premiership risks becoming little more than a soundbite.
Two years after first committing to levelling up, the prime minister travelled to Coventry to deliver a freewheeling speech heavy on rhetorical flourishes but light on detail, and urged local leaders to send in their own suggestions…… some MPs are beginning to worry about whether the plans have any substance.”
though i can see many are waiting to jump back in. well well below placing price
We need to know why po**** and beardmore initiated the change of board and at that time there would have been a plan in place hopefully that plan is about to be revealed.
Stokey12,
You are rather missing the point - and not for the first time. You seem to have implicit faith in the "revaluation" of H&W Belfast; if/when it fails again, for the umpteenth time, do you really see anyone paying anything like £6m for a junk-yard? I stated at the time of the "acquisition" that the value of the yard was as scrap; having seen the size of the big cranes up close, I shouldn't wonder if the cost of dismantling them exceeded their scrap value - they may never move again! Doubtless the leg-breakers did their due diligence prior to offering that usurious debt facility, but I wouldn't be writing that yard as £2m of collateral.
Have you seen the state of the place? It is full of rubble and junk and appears derelict. There are big plans to re-develop Belfast's so-called Titanic Quarter and maybe, just maybe, something is afoot in that regard.
As a shipyard, it is as dead in the water as it has been for much of the last 50 years. No-one has yet been able to give me even an inkling of the special sauce that our genius BoD is bringing to the table, to succeed where so many previous, more capable and experienced, figures have failed.
Mcadder,double your money from here