Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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As has been stated before, shorts don't necessarily close instantly, especially if they are still profitable. Depending upon when the short was taken up, there may not be pressure to close. Therefore, shorts will partially sell, which will result in upward pressure over time, rather than in one go.
This would be different to say a stock where the shorts are under water, where there would be more pressure to close quickly.
I wouldn’t worry about the whys or wherefores the fact is there is a short squeeze going on here. Enjoy the ride.
How can the short stock figure STILL be 3.71% after last few weeks of good trading positives ?
Plugged by Ian Cowie in the Sunday Times.
I expect ITM to shoot to £1.00 this week and continue upwards. This is the year that the shorters will get burned big time.
You can't hold back what is obviously a proper company in the right business at the right time.
multi bagger - watch this space
Onsolidground thanks for this link, I look forward to this evolving to hear more info on ITM's role, there is no mention of this in the link you posted. I will also be good to know the FID funding numbers.
We are pleased to announce James Collins as our new Head of Business Development.
In his previous roles at ITM leading Investor Relations and most recently Corporate Affairs, James has already been active in leading discussions with customers, investors, funding agencies and government stakeholders. As Head of Business Development, James will focus his experience on leading our customer engagement activities to accelerate the growth of our pipeline.
Great buy in price last few days since the update, I can see see touching £1 over the next few weeks.
I don't see any delay.
https://www.shell.com/media/news-and-media-releases/2024/shell-invests-to-repurpose-german-energy-and-chemicals-park-rheinland.html
Wig1 yes I saw this as well. This is a old information. I am trying to find out what news Dennis was referring to that was recently published. The points I discovered in my earlier post are old new and have been resolved positively. Hopefully the FID on the Refhyne 2 project is announced soon. Europe has big plans for hydrogen, that's for sure!
https://energy.ec.europa.eu/news/renewable-hydrogen-production-new-rules-formally-adopted-2023-06-20_en
I posted reference to the news on the day. Looks like we have some not very successful day traders trying to cast FUD on things. FID decision made to repurpose the site.
Here you go.
https://www.shell.com/media/news-and-media-releases/2024/shell-invests-to-repurpose-german-energy-and-chemicals-park-rheinland.html
Germany - REFYHNE: Rhineland electrolyser
At the Shell Rhineland Refinery in Wesseling, Germany, we built one of the largest hydrogen proton exchange membrane (PEM) electrolysers in the world. It has a peak capacity of 10 megawatts and produces 1,300 tonnes of hydrogen per year. The electrolyser also helps balance the local power grid, by enabling the refinery to make and then store hydrogen when there is surplus power from variable renewable sources, such as wind. The plant, built by ITM Power, is operated by Shell, and began operating in mid-2021. Project REFYHNE is partly funded by the European Commission.
Building on the lessons learned from Refhyne I, the Refhyne 2 consortium has been awarded a grant by the European Climate, Infrastructure and Environment Executive Agency (CINEA) for the development of a 100 MW electrolyser, also to be sited at Shell’s Energy and Chemicals Park, Rheinland in Germany. Project is subject to a final investment decision, expected later in 2023.
Dennis indicated there was positive news on this during the call.
I remember them saying in a presentation or a RNS about a FID expected end of last year. I have been trying to find it as well, but was definitely mentioned. I am not sure who the client is, I thought it could be Shell
The ITM investor presentation mentioned some news recently released about the Refhyne 2 project but I cannot find it. The FID was due last year but things have gone a bit quiet there. My findings posted before simply came from a Chat GPT search. Now I am trying to verify. When the question was put forward in the ITM presentation, the answer seemed a bit too deflective for my liking.
BMW positive on Helium vehicles : https://hydrogen-central.com/bmw-says-goodbye-to-electric-cars-it-has-now-solved-the-problem-of-hydrogen-engines-mes/
Just to clarify, my recommendation on your initial post was in error.
Hi Rick, I could not find any reference to either point online. Cheers.
Your source?
The update on Shell Refhyne 2 is that progress has been slowed down by two main factors:
1. ITM Electrolyser Setbacks: The UK-based electrolyser manufacturer ITM Power, responsible for building the 100 MW electrolyser, has scaled back its expansion plans, impacting the project's timeline.
2. Regulatory Uncertainty: Concerns regarding regulatory approval in Germany have also contributed to delays. The German Parliament recently extended the scrutiny period for a delegated act related to the project, pushing back the potential final investment decision.
Can anyone confirm or elaborate on this?
The seller is either finished selling or not willing big to sell any more at the current prices hence why the so has risen again.
I still think more shorts are closing so I am expecting a nice 20% rise today to create some volume.
GLA
Cureboy, don't forget that that all happened before the war in Ukraine that shocked the global economy and as a result many investors, including institutional, got burnt.
Roll on 70
Institutional investors. I will also remind folk that they LOADED in during the last placing - at 400p! They saw value at THAT level. The shorting attack has gone on long enough.
Where has all the cash come from?
Two trades of £376.83k and £366.25k last night as well as £55.31k and £41.57k