Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Next leg up started?
First time purchaser of this one earlier today, looks promising but i agree somewhat with Gambler on the sense not to hold longer term. Normally im a lth invester, here i will be looking for a modest % rise and trading however, although the figures suggested do look good.
Good luck all however you play it.
Being a Friday imo the sp has held up well after the spike.With most profit takers gone I would have thought next week could be interesting
Thanks.
If gas / oil prices are maintained and JKX can continue with the odd big producing drill (which they tend to do), they will be drenched in cash and cash flows. Maybe the market will see that as a reason to value much higher than current SP.
My opinion is that the situation in Ukraine and general governance problems limit this share - some people don’t think they will ever get their hands on the cash.
Maybe I am completely wrong. Maybe I am totally misreading the share. But it doesn’t matter to me, I’m not investing, I’m trading.
Good luck to those who see it differently.
There is no way to verify anybody’s trading by what they post, so whether you believe me is not here nor there.
I was trading this 8 years ago and have dipped in three or four times, doubled twice and and taken fair profits on other occasions. So am able to see the value of the ability of this company to generate net profit against the low market valuations (when it has hit sub 20s). That has been a solid trade over the last ten years for JKX. I have always thought anything in the 40s is a bit full as a valuation and this has proven to be a smart exit point over the years.
If you believe this can go well over 40p then fine, you will be duly rewarded if it does. But for a trader like me it is the risk of not taking profit against losing that potential upside vs time spent being invested.
I’m trading this share because of its small size and Ukraine risk profile. I don’t see it as an investment opportunity. If you think it is, then we disagree. That is just a perspective I’m sharing with this board. So there is no need to bring your emotions into the discussion. If you disagree, just layout your reasoning.
You have a total of 2 posts, both today I will leave others to believe you, lol
No, I’m a profit taker. Very comfortable missing potential next legs up if I have more than doubled my money. I’m trading when I buy shares like this, not investing. I’ve doubled my money on this share before, years back. It has been good to me. The idea of trading here with a startling position in the 40s is ridiculous.
When I invest, I buy shares in much larger companies that are not in lawless states. Companies like this are a bit of fun for maybe 10 grand of my money.
If it goes back to low 20s I will happily jump back in. If it doesn’t, I don’t care - I’ve taken my money.
But you would say that wouldn't you,results coming sooon then you will probably scamble back in lol
Rarely do I ever get out at the top of a surge but I did this week giving a 2.2 profit. Was genuinely undervalued at low 20s / sub 20s , but now much closer to fair value. Don’t see the huge upside at this price but a fair chance of drift back down to the 30s.