Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Cheap as chips imo and agree with others. Put this away for a while and forget about these shares.
It is called shaking the tree and watch the week ones panic and sell.
I toped up another 1.1m shares today at a average of 10.90p
it will go up in this order.
Brexit sorted out.
US elections sorted out.
Virus sorted out.
2021 will be the time this shares hits 50p ++++
Buy and forget and 5 x what it is today
Have you seen the average oil price for the company that has taken us over ?
It is $10 a barrel they are a very well run company with very low costs and will be right up there in 2021
So fill your boots time while you can.
End of a sell of week next will oil will be backup to 38-40 and then slow rise till the summer
Pearls, I think it’s undervalued at this price but because we now have a limited up side (short term) it’s just not attracting any buyers atm, I’m in to deep here but you can get the same return on a co like Shell, 100% upside On the sp while still receiving a divi, or You can buy us which is a whole lot riskier for for the same returns.
Obviously in Time if we ever see $60 oil again we will be geared much better to maybe see 5x the current SP but as it stands the market seems to beleive we can just flick a switch and stop using oil as if it were a choice.
It may be a long road back to $60 but it will come, who’s going to spend hundreds of millions on exploration now? And who honestly thinks oil demand can shrink by any great percentages in the next 10 years?
"Anyone got any sensible reasons for this? "
It's a rescue deal Pearls, they couldn't refinance, so they've been rescued by an opportunist which also has a healthy debt pile.
We know all about debt don't we?
Lack of trading - mm increases spread to trigger stop losses. Guess!
Anyone got any sensible reasons for this? the deal with Chrysoar should have increased the price, not dropped it?