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.
The RNS issued today shows there has been a director taking advantage of unusual market pricing.
More buys than sells if the figures are to be believed. Could this mean traders are buying the dip or that strategic investors think its worth accumulating at these levels?
Goldman Sachs (GS) stuck their neck out back in March with an argument for a mining supercycle. Since then, share prices in some of the Major mining companies have struggled to make any advance through headwinds of staccato re-opening of the world from the pandemic. I can appreciate why GS had made this prediction with the spending announcements for new infrastructure to address "greening" of nations, but the present headwinds are not through lack of ore but the shortage of coking coal and both high price and shortage of gas.
https://www.reuters.com/article/us-metals-supercycle-ahome-idUSKBN29A1QM
iron ore futures in singapore touched a 6 year trendline at todays low of $90. for perspective, the covid low, when the world was ending, was around $75. so are pretty close to the low in terms of iron ore prices.
I have added a few more today on current weakness. Seemed rude not to take advantage of todays fall on top of last weeks one. Still underwater, but as there is no expiry date in my birth certificate, I have time on my side.
iron ore futures hit 108 today in china. down from over 220 a couple of months ago. covid low was around 80 bucks so not far from there. at just above 90 there is a gap and channel support stretching back to 2015. so in other words i think youve seen the worst of the falls.
I wasn't too far out on 1st Sept post,
the SP filled the small GAP at 5280-5283,
and then touched a Fib 50 support level at 4875 this morning.
RSI looks oversold to me at the moment at 29-30.
Will we get a bounce or will the SP get dragged down by more random news,
as it's quite a while until the next ex-divi date.
If I wasn't neck deep in PHNX and BATS right now I'd have some for a trade.
Alwyas DYOR.
Thank you Australia!
I finally managed to call the RIO price movement correctly.
The last two attempts I've missed the peak by over-expecting on my auto exit sell and taken a tiny profit as a result.
My auto sell went through yesterday morning at 5499.
In at 5220 out at 5499.
I'm happy with that.
But where is the SP heading now?
Seems to have dropped out of the ascending channel,
possibly to fill a very small GAP at 5280-5283,
or is it heading back to the Fib 50 support at 4875.
Will be watching with interest.
Funds & profit went into BATS this morning for the run up to ex-divi.
Always DYOR.
Back to 60 in a month provided we don't get all out war with the Taliban.
The oversold RSI looked like it had turned (increased from 28 -30)
and the SP drop appeared to have stabilised,
so bought in this morning at 5220.
Yield is currently over 6%.
Hoping to see some increase in volume and SP soon.
Always DYOR.
Any thoughts on where this is heading?
The previous ex-divi drop (March 21) went down circa 24%.
Currently SP is down circa 20% from pre ex-divi.
24% would take it down to circa SP 4875,
which is also the Fib 50 support level of a Fib retrace from March 20 (low) to May 21 (high) on a 1 day TA chart.
RSI is currently 28, suggesting oversold, but it has dipped lower previously.
Always DYOR.
£3 to £51 - fantastic work.
I think the temptation of a large cap losing ~18% of its MCap in 2weeks will be too much for IIs. I think the buying pressure will return fairly quickly as will the demand for steel.
Personally, I have taken this as an opportunity to top-up shifting my portfolio by reducing my tech exposure. We will see though - I could've had a massive blunder...it's all part of the game :D
"I can't make my mind up whether to throw some more at it or just grin and bear it"
When this happens I always end up wishing I had thrown some more at it.
Trying to make the same decision chittybangbang. On balance, on most stocks with good long term value, I have generally done better for averaging down. Currently at 57.8 so not way out, but would be nice to get this one right.
My sentiments exactly picstloup. I can't make my mind up whether to throw some more at it or just grin and bear it. Happy days will come again!
Hi picstloup,
When you bought rio in the 80s did you think they would go up so much after almost 40 years and more importantly even be around as a company or was it just a chance buy?
$60 a ton crash in the price if iron ore won't have helped. This is a cyclical stock heavily dependent on steel demand, which the Chinese are trying to restrain. They'll probably fail, but if you can't stand the down swings then get yourself out. I've had these since the late 80s first buying at about £3 and they've gone up and down and up again and if you hold your nerve they'll do you fine. Where will you get a better divi?
What is going on n with this Shi**y share price. What is the point of a dividend if the price drops 12% in a week. Poor poor form.