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.
Spot on ...you just try selling a house nowadays ..a lot of tedious paperwork with 60 + many nonsensical questions,ridiculous time scales for Searches etc and sometimes hopeless agents and conveyancers ..oh and surveyors .OK rant over but the point is just so valid ..Spot on again !! Best for one deal if the partner is tip top as we all suspect and hope !! is the case.
Agreed, absolutely fine with the update. Advanced negotiations with off takers. My guess would be a couple of weeks and a nice 1.8 mil to come.
If you had 10 houses to sell but only wanted to part with two to test the water but someone offered you a fab deal to take on your whole portfolio wouldn't you consider it? Ever sold a house? Ever bought a house? How long does it take? Multiply that by ten and that's where we are
JW actually stayed that he did not see the need for a placing over the near term mitigated by slow burn rate, EU grant monies and warrants outstanding
No it is not death spiral financing. The convertible loan note provider will be the final debt provider. The purpose of doing it this way as I understand it is to use the money from the cln to do additional work to further de-risk the project resulting in a better final deal for INFA.
The CLN provider also gets additional equity in the project from their holding in INFA once converted
They looking for death spiral financing?
Don't see why they could have not released this RNS yesterday morning. Is it because they said more than they should have last night?
Feel for anyone who may have sold on todays drop. I was torn between topping up and selling some, to buy back if it dropped further. Glad I switched off and got on with my work.
Some good posts today. Cheers
"The Company has now submitted the final EU application for the FEED ....and the sum of EUR1.6 million is expected to be received in the next 8 weeks from the EU. "
I have to say that RNS is as clear as mud, its gone from "definitely to maybe" with offtakers, with a couple more ifs and maybes thrown in for good measure.
Now im not in a position to tell someone how to do their job, but imho surely it'd have been an idea to get the first 2 caverns "definitely" signed off then deal with the other 5 dealt with later, so the project is "definitely" moving forward.
I saw this company as a multi bagger or bust, but was quietly confident of the former being the case .... this RNS has changed that.
I certainly was not aware of the need for any Placement proposed in short term !!
RNS. There you go. A little more coherent than my ramblings last night on the way home (the hospitality was good :-)) and reinforces my view that events are moving rapidly hence why the info in the rns was given to those attending the meeting last night being fresh news and why not?
RNS out basically covering everything the attendees very kindly updated us on - I feel this should have been released before the meeting but hey ho - reads well
1 to 8 caverns was still on one of the slides which he said needed changing and later on something else, can't remember what though
I attended yesterday’s presentation and would echo the thoughts of other attendees.
Only a couple of points to add. The question that JW struggled to find an answer for related to the possibility of other UK Salt cavern projects. My view is that they are close to announcing a MOU for another project.
There was also a throwaway comment made by JW during the presentation that he “may have to change the presentation for Leeds next week” or words to that effect. I am not sure if anyone else picked up on that but why would he need to do that? Maybe I am an optimist but perhaps he suspects something will happen in the next week? Anyway, just musing. Added to my holding today.
Do a 3 quick points of what's expected here.
Unbelievable but today’s 10% drop seems to be substantially due to shareholders latching on to a piece of news yesterday and making all sorts of nonsense of it. We don’t need derampers on this board, the LTHs are perfectly capable of doing it for themselves!
Roll on 2 weeks time, that’ll be another 10% off
35 posts on this board today so far,most informative helpful and not personal for once ....shows the amount of mostly positive interest in this beauty ...interesting that very few posts in the last few days and none at the weekend as usual.
Setanta is one of our most prolific informed and positive posters and he has popped up again after keeping his head low ..just need good old Spud to turn up with one of his gems ??
Arun worked through the cumulative cashflows as if the business had been operational and generating cash over the previous ten years. Although I didn't fully understand it, the figures looked impressive to me. Also, they mentioned a cash injection from both offtaker and equity partner so don't be surprised if there's a steady stream of positive newsflow over the next 6 weeks, that's my feeling anyway. One of the audience asked John a blunt question which he wouldn't allow himself to answer else divulging "state" secrets. If only I could remember what the question was. It's good that they do these shareholder meetings else we'd all be moaning that they don't keep us informed! How many boards on Aim do you know keep their investors in the picture? Not many. Maybe the info divulged yesterday should have been rns'd but I think things are moving at a pace and being tweaked here and there, finance being signed off, draft agreements drawn up, stuff like that. Hold on tight
Involved like at tym expect trouble.
There is no shorter !
The last time the environment and lambs were in the way was at tym
some people panic sell more shares please as we need to help the shorter close his position? Everyone buying shares is just delaying the close out of the shorter and until that's done i doubt the price will budge from here. The shorter is a KING and they will get whatever they wants I'd expect a move back above 0.7p meaning the shorter has booked their enormous profit completing the transfer of money from our accounts to theirs. I will be selfish and not sell any of my shares though but i also won't buy to help clear the shorter faster.
That's good honest comment and good common sense, Snowman. Go well.
Both the information given at the meeting and the posters reaction. Plus the SP reaction of course !
More slippage, ( offtake, equity and FID ), is not good news Posters have responded in a variety of ways. I liked the posts of aunty, radders,and Kibuc,(at 9.25), and I was pleased to see Dawski positive as usual.
Personally I agree with Kibuc that a lot of the information divulged ought to have been given in an update RNS.
What has now happened is that the manipulators have been given a fresh impetus and so they will attempt to drag the SP still lower, and in that they will probably succeed.The past three months has been a paradise for them and they must be even a bit surprised to be given fresh ammunition at an open meeting !
As a LTH I'm very disappointed with what has just been communicated. I'm patient but I'm also tired of the constant downward trend in my investment. I know the BOD are far more interested in the Islandmagee project than they are in the day to day SP. But they are paid for that. Perhaps a bit of unequivocal good news in the near future might be in their remit.
Snowman --I would imagine that JW will bide his time about appointment of new Chairman --when the investment potential is clearer (after the Offtaker is on board and I.D. is made public) he stands a better chance of securing a higher calibre expert to see us forward and promote his vision ! That's my take !