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.
@NTD - appreciate your reply.
Agree with your solution; simples... ..and let our two main BOD members do what they do best...
However, should KR1 in the future move to a higher profile exchange/platform (hopefully.. LSE/NASDAQ for better liquidity etc and a realisation of KR1 true value) then the level of scrutiny on operations/corporate governance/PR/comms wil be greater and efficiency and clarity in these areas will be wholly expected and just not required...
AIMHO and GLA
Nicely put NTD. There is a go between called Angus who manages some of the PR and who relays the SH views. Peterhouse are their corporate advisors though not sure what they actually do if anything?
Buzios, Phoebus,
I agree the core of your statements - corp governance not right - s/h frustration. In my experience there are 2 possible reasons for this occurring - first, where BoD is a little weak or "dodgy" and not aligned to s/h interests (I dont think that is the case here).
Second is where you have prima donna scenario - large ownership or in this case massive expertise and comfortableness leading to reticence to do the dull stuff - i think that is definitely the case here - the two dudes do not need us as much as we need them - they are the core reason for choosing KR1 and irreplaceable imho. Hence no kick up the jacksie, no condescending telling of where they list - we, the s/h are the pilot fish and dont steer the shark.
The reality is there is a very simple solution - all we need is a good soft skill enabled, strong supporting FD/Company secretary who will actually enable the duo to do more of what they enjoy, whilst ensuring the dull stuff (accounts, corp governance, tax etc all occur).
GLA and really enjoying this board
NtD
True that Phoebus. I'm buying the dips, just got a good feeling about it. Fingers crossed no advice etc
This is offset by the rest of the portfolio dropping £30M since yesterday though as cryptos plunged across the board. It will be interesting to see if the newly listed ICP holds its price or sells off at least initially for a while as is often the case post IPO. The colossal launch market cap certainly gives plenty of room for anyone looking to profit take. NAV could be a bit volatile for a while which may present opportunities. Certainly a good development though. GLA.
Given that our NAV has increased by a minimum of £30m quid overnight I am a buyer. I'll give Mona a couple of weeks to settle in.
...need better corporate governance and PR/comms from a Co which holds world class assets and has a BOD with great foresight industry knowledge...
...I would have thought the recruitment of the Investment Banker onto the BOD a while ago may have addressed this...
It might have been nice if the BOD used yesterday's RNS to also give an update on our Dfinity investment. Other listed companies are usually only too happy to release news as it helps generate interest in the business, improve liquidity and keep shareholders informed. It would have taken them five minutes to clear up the name change from DFN to ICP, clarify which is the correct listing for us, ICP or ICP (IOU), mention the transformational event that was about to take place, briefly explain the premise behind the project and why they think its an excellent investment for KR1. Other companies fall all over themselves to release complete non-news garbage, never mind great stuff like this and instead we get absolutely nothing. KR1's behavior is not normal. Someone needs to give them a boot up the jaxy.
191,681 ICP * $284.70 price at time of post = $54.57m / £38.70m = 29.6p added to NAV
Hmm, either way I'm sure someone will put a value to kr1 holding soon. I'm not sure myself which ICP but guess what folks, those highlighting the NAV will be revising it by tomorrow am and there is nothing unusual about their holdings in these assets. I'd go for the lower value of ICP of 399 but if it was 1500,our stake would be worth 288m and that's correct I think but this is excellent news today despite the concerns on OTC and I think they want to avoid any volatility associated to their SP like the alt coins they hold but DYOR. Great future for ICP
This message appears on the IOU page now - Please note that this is an IOU of ICP. To view the actual asset, please visit the [ICP page] https://coinmarketcap.com/currencies/internet-computer
which is now $388
Please look at my previous post. This is the correct price/token.
different prices in different exchanges/websites. What is the actual correct price and which site gives it? obviously up substantially in any sites i look at. Am I right that if we value KR1's stake of 192000 tokens at 1500 dollars that this contributes an asset value alone of £2.20 bring overall NAV to £3.39 versus earlier today of circa £2. Feel free to correct me.
There seems to be 2 similar coins listed with very different prices.
Internet Computer ICP - $399
Internet Computer (IOU) ICP - $1,509
Not sure the difference?
Have I missed something but ICP are still extremely volatile?
Have printed twice that I can see close to $26k - at $25,977 and $25,988...
Stabilising around $1,501.95 at the mo....
Thoughts?
Someone just traded at $25,977 ??????????
All over the place