Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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What has actually changed with this company since they announced positive phase III results? For those invested the next big milestone is 17 months away which means all that this has presented is an opportunity to buy a larger percentage of the company for less money. Happy days!
RSI as low as it’s ever been and the oscillators have turned positive. Bounce imminent!
Just had a flick through all AIM companies and the majority are down between 5% and 10% some a lot more. The odd few are up but not many really. Unfortunately the market makers are the only people guaranteed to make £ due to Corona as they're dropping the Bid to scare the weak but the Ask is a stupid % more, for example current spread here is 10.00%. When Corona was first diagnosed it was people getting it from animals in China and the death % was more but now it's being transferred from human to human and the Corona strain is a lot less and the death % has dramatically dropped. Not many people have realised this and the market makers are taking full advantage. One stock I'm in has dropped 15% from just 14 nr sells and just as many buys if not a few more. It's day light robbery and the media aren't helping either by exaggerating as usual so they can sell more papers. It's a dog eat dog world out there people, stay strong and everything will be fine in the end. Come 6 months time and probably before and it will be Corona what and all stocks not directly linked to China will recover and probably bounce higher due to momentum.
Because market makers are trying to rob week shareholders. They drop the Bid, the weak panic but you have to pay a big % more on the Ask. The only people that are guaranteed to profit due to the corona virus are market makers unfortunately.
The price was immediately marked down to 20-21 this morning. I tried to buy a measly 5000 shares and they were offered to me at a shade over 22 pence. What's the point in marking it down by such a magnitude and then not offering any shares.
Partnership agreement may come later than expected due to coronavirus, especially if it involves a Chinese company. Perhaps two fund raises will be needed - one soon and one later this year.
Jack2479, that's exactly how I see it. Long term prospects good. Short term no need to buy and fund raising will bring price down.
In anticipation of topline results....but got smacked down by Amphion and then it happened again by an unconfirmed institutional investor who carried on selling through topline.....leaving the SP lower than it coulda woulda shoulda and them needing to raise cash. As I say it’s a good long term play....
Based on the last fundraise, the share price rallied to an all time high prior to the distressed sale by Amphion.
Partnership agreements will also give this further momentum prior to the NDA submission and the 12 month milestone that follows.
Unless they are bought out then this will stay between 20p - 35p for the next few months. I suspect with a new financing it will be at the lower end. Long term prospects look good.
who knows why and when Directors buy - i've never met one who is not positive about their company - but clearly not all AIM companies are successful. Director who bought at 29p has majority of his shares at 13p (when current share price was c20p) so he was never going to lose money. Although i do agree with you it is a massively positive sign
Just a point - raise in July 2019 was at 18p - not one Director participated in this. If Directors know what is going on - and phase 3 results were nailed on - why not fill your boots at that time?? As i said who knows why and when directors buy
We need to remember that not long before the phase III results a Director bought a big chunk of shares at 29.60p. He knows what's going on behind the scenes so must have thought thats a good price to buy therefore would be surprised if it drifted much below that if at all.
Interesting tweet by Edward Roskill today reaffirming my belief that strategic partnerships are potentially imminent.
This in itself would be a good form of non-dilutive funding during a period of very low cash burn between now and approval.