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Evening all, well i've checked my mystic balls :)P and i hope we will end up just under 2p at tomorrows close although i would settle for anything higher. I am hoping that 6-12 months we will be in the 5-7p range but if Bowden gets on with the additional drilling and exploration and we hit some bumper grades then all bets are off.
There is no chance of a covid cure this xmas or the next a vaccine to limit is the best elimination is not possible but MTL with is voled assets do not need a cure or a vaccine onwars and upwards 50p year end
Thanks
Spaghetti, Can I be of help and give you a small lesson into how a share price is set.
If a company makes a £1000 profit this year, and has assets like cash in the bank and equipment values worth £1000 then the business may be valued at £2000, so if the company has released 2000 shares its share price would be £1
If a different business had made the same profit of £1000 with assets of £1000, hence a valuation of £2000 again, but had released just 200 shares the share price would be £10.
Both companies are worth the same and so have the same Market Cap, but the share price is very different, so you can’t compare a share price from one company to another.
MTL have over 2000 million shares released to investors, so a 1p share values the company at around £20 million Market Cap, What value do you put on MTL? if it was debt free and making £50 million profit every year with 20 years mine life ahead, we would be worth £1000 million or 50p a share, but we aren’t there yet, so patience is required, can we be debt free in 3 to 4 years time with 20 years mine life or more ahead? Very likely and that’s why you buy into a company who’s share price is a fraction of where it may end up, MTL has spent around £200 million getting to this point, thats 10p per share, money from investors like us in the form of buying those shares, with debts of £100 million or 5p per share, you could say simplistically we are worth 5p a share today just in costs alone, and when the debts are paid back in 3 to 4 years, we would be worth 10p a share in costs alone, when the company is debt free and making £50 million clear profit per year from Gold sales, at that point they will start paying each shareholder a dividend, which is a share of profits, around 1p per share, in 20 years you will receive 20p per share in dividends alone, and whose to say we can’t carry on for 50 years? We have that much land it’s possible.
The share price is set by the buyers and sellers perception of what value they see in the company's future, not just what it’s physical value of its assets are today, can we make more profit each year? Could we be bought by another bigger firm? Will Golds value keep rising? all these questions are unknown, so the future share price has massive variables, but at under 1p we are clearly just at the starting line.
Simplistic look at us, hope it helps.
Spaghettihoops - 50p equates to a £1bn mcap.
There's more chance of a COVID cure by the end of the year than a 50p share price.
Hello all,
So the day has finally come in less than 24hrs, they could have chosen a normal w/e - we now have an extra hour to wait!!!!
As far as the opening and closing price I made my forecast when it was first invited ( a few days ago) to decide who would buy the first round!!!!!
I have bought some balloons and I may do the balloon dance in the garden with them!!:-)
As I said before can anyone recall the outcome in a similar situation ? It could be MORE than interesting!!!
Good luck all - 15 hrs and counting
Roy
I would not rule 50p out by Xmas because investing in aim can produce super heights and you can stretch your head and wonder why....but also produce super lows and you do you have same
Open sub 1p, little buying will move it up and close around 1.5 with plenty of traders and very few lth exiting.
Les,
A bit of fun after all your work..
Monday’s
Open price ?
Close price ?
All the best Les.
Good health to all.
CV
Spaghettihoops - So a £600m mcap in just over 2 months!!
Dream on.
Open 1.5p day close 2.5p end of week close 5p ending year close 30p
HawaiifiveO, Paul a good summary and very good point about every £10m drop in the debt is effectively worth .50p on the share price. Also, for every increase of $100 in the gold price it's worth around 1p on the share price of Metals.
I think coronavirus will have affected Q3 operations but we have had a strong gold price.
Les
A definate from me - Roy
one suggestion is:- https://www.getyourguide.com/discovery/london-stock-exchange-l29654/?utm_force=0
Hello All,
I am sure that not only, are we not within calling distance, we are also not all available to travel to the corners of the Earth for a party.
My suggested location would be, For the "Londoners", A good location in central London and stay overnight, giving us plenty of time to mingle and a bed for the night.
Others may have a distance to travel and prefer somewhere near home -so suggestions please - and It may be needed to be split into seperate parties - maybe in different countries.
I obviously feel I am being a bit presumptuous - but if you don't ask you don't get.
Ideas please?
Roy
Very nice post enjoyed the details...thanks
Any opinion on why we cannot at least reach the heights of GGP who are not yet a producer of gold but in sure there investors wont mind
It is worth remembering that at the suspension price equity is only valued at £15m, the suspension price was determined by fear of shareholder wipe out either by a significant debt for equity swap or the dreaded 'pending clarification of the financial position' statement, which usually leads to entire shareholder loss. Panic selling came in to drive the price to where it ended.
As pointed out by others the shares hit 1.9p late February as recovery potential started to be factored in by the market but even at this level equity was only valued at £40m
Since then the gold price has risen $500 oz
The company has become operationally profitable
Debt costs have significantly reduced and repayment schedules less demanding
Corporate governance has improved
Operational performance has improved
A new suite of mine site staff/managers appointed
Add to the mix the gold sector is red hot.
The debt position is circa £100m but this can be paid down quickly at current gold prices, every £10m drop in the debt is effectively worth .50p on the share price.
The interim results are supposed to be announced by the end of this month, i.e. next week, these could be a significant share price driver if further progress is evident.
In my view anyone selling below 2.5p are gifting their shares away in the short term. I feel the opening share price should reflect the aforementioned positives and predict an opening around 2p-2.5p range if they do not open in this range it is a slam dunk buy.
If those interim results show improving financials and operational performance 3p + is clearly on.
Great stuff, Hey if we hit 2p Spaghetti will be a thousandaire , bring it on
Thanks for the update les perfect timing for the weekend Monday it is then...
Many thanks (again) Les,
Ready for lift-off on Monday.....
Brilliant result and now we can look forward to the growth of the company and the share price. Congratulations all patience has finally been rewarded.
Email from Les confirms. Thanks Les.