Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Glad not to sell looking at this mornings sp , hardly worth the sell and rebuy at these prices, maybe stock market on the whole improving...
Spot on Crystal, I have already made more than what the dividend is likely to pay out and I’m gambling/ thinking/ hoping that the share price goes back to the 215-225p range
Just my strategy for this share and will buy back at some point
he's done what i am contemplating doing, gamble the fall will be higher than the value of the dividend, and he'll be able to buy back in (without having to wait until the 24 sept if using a re-invest option with his broker) and potentially gain sufficient additional shares to make it worth while.
I am on a considerably lower average than what we are at right now, and have to factor that in, any uptick for me is profit (paper) wheras buying in at todays (or tomorrows price) could see a dip into negative. Also have to factor in that the share may have risen the last couple of days, today has been flat, and i was hoping for another 3p or so raise today, otherwise the rising market may just swallow the fall back, and nothing will really be gained by selling to rebuy.
If you're go'ng to reinvest the divi anyway, worth a try, i've seen it work sometimes and others not, and that's here with LGEN. I've also seen big overpalyed drops off the divi which have been uncalled for, and a reason for folks to do this.
I've got 45 minutes to make my decision
Congratulations, Mav 7, on getting 238p for your shares, and I appreciate that after they go ex-div, you can buy back in at a lower price. But why is it necessary to sacrifice the dividend of almost 5p per share? The shares are likely to go lower after tomorrow - why not take the divi and use the money to buy in when the price goes down?
"not likely to drop back now" - lets see tomorrow when LGEN goes ex div.
Not likely to drop back now unless there is some really bad news. I suspect that many of the more sensible investors have gotten over the virus rubbish and wonder why they are sitting on a pile of cash. As a commentator recently pointed out some folk imagine that about 7% of the population is in danger of death whereas the actual numbers are around 100 times smaller than that.
Good luck with your strategies.
Currently averaging 228, so any drop equivalent of the divi from here ok for me.
Can see it holding, or even rising though if the markets in general continue the current upward trend seen over the past 7 or so trading days.
31/7 seems to have seen a bounce across most major markets. Some sustained confidence returning?
I’ve also dropped out, I would love to get back in at 2.25. Let’s see what happens. Either way I’m happy with the profit over the last few weeks.
Good luck everyone.
just sold at 238p, currently made twice as much as the dividend payment would have been
that's what i'm worried about Mav, if this tops 240 and it looks like it will, then on one hand i'd expect to see a drop of 10+ on ex-dvi date, which would give me a good profit over takign the divi, if i sell and buy back, but there is always that greed involved, i sell, it drops i wait a little more for it to drop back into the 21x/20x range it's been floating in and it doesn't then i'm kicking myself !
Well I consider it the "safest" stock of the 25 I own......hopefully (from my point of view) it dips to 225p again at which point this months tranche gets entered. Its going to come off the current 238p as at time of post I'm certain
it will be interesting to see how the share price reacts when it goes ex div. Up or down?
yeah that's gone through 235 a lot faster than i thought it would, makes the decision tomorrow a lot harder
I'm feeding money into it as and when along with BP and Shell.....just a licence to print money on all three for a 3 year hold
Would be very happy if it sat around 225p for the next year as I fill my quota