Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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or an ashtray on a motorbike ........
Just had a great message from a friend who happens to be down at Appledore now. It made me smile.
"I just spoke with the lady in the charity bookshop and she'd heard a rumour Boris has given the shipyard a lot of new work ....."
The friend is also a shareholder; I'm not sure about the lady that runs the bookshop.
wobblywilbur, Is it not the Chairman's sole roll to oversee the running of the company to ensure everything is done correctly? as stipulated before he is as much use as a chocolate Fireguard.
Just seen this https://www.linkedin.com/feed/update/urn:li:activity:6808294523395960832/ promoting Methil. Would love for these enquiries to convert to nice big contracts.
Re Tango Post @12.43 ...... I believe the Company has an obligation, under AIM Rule 26, to maintain an up to date list of significant shareholders (those holding more than 3%) on the corporate website and holders have an obligation to inform the Company of such holdings. Currently this list and the Total Voting Rights (by which the percentage holding is measured) is woefully out of date (last updated 22/09/2020 according to the website). Clearly it would be useful to all of us if this 'housekeeping' was undertaken!
Nobby31 In relation to your 12.43 post with the sudden spate of hirings I would expect something to be in the offing. Probably Tango getting ready to buy us all dinner at the London Roadshow.
I think JW and Aruns tactic's (I would put the Chairman in as well but he is invisible) is to wait till all the docks are full around Europe and then charge the earth for Docking, Regarding the lack of info they are probably digging that pipeline they were talking about for the last 18 months and £27mill raised. One thing for sure; if they are stiffing the ii's we will all get stiffed.
Come on JW prove the naysayer's wrong, after the next glass of chateauneuf du pape.
In addition to the rather unusual state of affairs surrounding the last investor presentation and the lack of any information posted there has been an absence of TR1 notifications following the recent disappointing placement.
I was taken to understand there were two new TR1s Trium and Benwater Asset Management but yet again we are in the dark about their holdings (if any).
Appledore, the Belfast Dry dock and the ML saga are still sources of concern and hence a lack of appetite for buyers even at what seems like a knock down price. Perhaps we can see the Board orchestrate an open period for a few days so they can increase their meagre holdings; if not then perhaps we can all look forward to being disappointed by another placement before year end (I do hope not)!
We have taken so many knocks lately the balance of probability means that something good must come out as an RNS soon shouldn't it?
Tango1 In relation to your 10.45 post it is the end of the month I suspect it will be the last day of the month.
Do we have a firm date when this is? I understand it is this month.
Nobby31,
Great post, although it seems that the IIs are getting out, realising that the game is up and leaving the PIs to carry the can.
Shame, there seemed to be genuine potential here with gas storage, before the chancer phoenix moved in. Dreams of building ships are just that.
Caveat emptor and all that...
Next thing will be chauffeurs.
Hopefully the iis will step in to call a halt
The gravy train can’t last forever with these two and they’re smart enough to know that
Gresham went about it the wrong way but I think the legacy of that major fallout is why the SP is where it is now
Activist investors, interested third parties and existing ii holders can bring the Board to account if the malaise, lack of success and ridiculous pay packages persist. And I will support that
Si, agree entirely, this feels like it is rapidly becoming a ‘funding the lifestyle business’ for the BoD. I’ll be happy to get out with 75% of my investment back.
Stokey, thanks for taking the trouble in sharing this. ??
Excellent information, argument and insight
Not good, tbh.
Unfortunately, 50% down means a 100% rise to get back there.
There is also an element of deja vu about this.
Two charts.
1. https://invst.ly/v2nzn
2. https://invst.ly/v2o2v
Both show a similar fall to 27, although one from a bit higher.
Both included placings at 30 not long after the high.
Difference being, one was to fund a purchase of assets and the other was to fund a contract.
Oh, and there was a consolidation of 100:1 between them.
Without looking at the dates it would be hard to know which was which.
Someone deserves another bonus I think. NOT.
Hi stokey thanks for your correction and i note your post from 21 May 2021 12:35
Have wondered about that for quite some time, Spud.
More intriguing than one of Chitta's theories. :)
oldtramp In relation to your 19.17 post strictly speaking it was a quote from a submission to a Defence Select Committee Inquiry. As opposed to being from the Committee.
Very interesting Si!
I believe the same person is a VERY prolific poster on LSE under a pseudonym......
What a little legend you are Stokey, well done on sharing this. About to read h&w's. It's great to understand clearly what our competitors believe too...no harm in keeping an eye on the competition and these provide their strategic viewpoints. I too read Michael's effort. Well done to that man ;)
Agree drango it was a quote from Defence Select Committee not my own words
Oldtramp, there is quite a big difference from shipbuilding to ship repairing
Si_Derman In relation to your 18.53 post I have insufficient information to comment. Sounds like a troublemaker though.
That's interesting. That first document , "The Navy: purpose and procurement " is witnessed by one Micheal Vidal.
Now, there is a frequent poster on the Infa Twitter feed of that same name.
Coincidence?
Seems to like Line of Duty. ???
Good find stokey I did like this
“ It is worth noting that the current companies that are in receipt of defence contracts to build warships have a record of finishing work late or over budget. From observations I have made from the Belfast Harbour website Harland & Wolff (Belfast) has been able to complete work on time. Indeed, I have noticed that on a couple of occasions vessels have left earlier than initially scheduled. This would seem to imply if greater competition were introduced other shipbuilders may be able to shorten the delivery times for naval vessels.”