Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@Angel whilst debate is normally productive on this board, the mixture of bulls bears and clowns make it highly toxic also.
@Angel If it was a lottery the same people and companies would not make a consistent profit year in year out.
The Market says the company is worth £4.2 billion today, fundamentals may count over the long-term, but technical analysis is far more important over the shorter period because institutions and market makers move markets not private investors and institutional bots are programmed with technical analysis and they trade probabilities based on that along with fundamentals.
I remember 2019 when the price was hovering around the £3.50 - 2.50 level and people on here were raving on about fundamentals and how GLS was worth more than the market cap etc. That did not stop the market taking the price to below £2 multiple times pre-covid.
If you're basing your investment/trade on fundamental alone, then trust your judgement and forget about it. I have seen people from the past who used to post here make bad and costly decisions, purely because they post on these boards day in day out and it impacted their mindset negatively and when the price dropped and a lot of them sold before the huge rise.
I respect the employees knowledge on this board, but I observe a lot of the boards on this site and when I see posters, post day in and day out with zero technical analysis it screams out gambler to me. I'm not saying that is you, but a good tip is if you click on a persons profile and find they're posting day in day out on multiple AIM share boards, they're normally clowns and 100 % gambling.
They call themselves traders, but they're trying to trade stocks with a 5-10 % spread day and then they wonder why they can never make a profit trading.
Good Luck with everything.
I did not proof read the last post, but I hope you get the gist.
As others have said with shares you can ride out any storm and RMG will be back to its former highs at some point in time, how low it goes before then is anyone's guess and out of our control, hence why shares is always a better option, especially to people new to it.
@Angel is your holding in RMG a SB or a CFD, if all or part of it is, then it is having a detrimental effect on your mindset and postings.
I'm not sure what the current statistics are but 80 - 90 % of those people lose money and very quickly and boards like this full of those types of clowns. It's always better to do your own research than rely on anything you read her otherwise in 20-30 years you will be as bitter as @ispy
Bottom line is - once certain firms arrive in the shorts list, they are not leaving until they drive the share price down to a very low level. They're the same guys on the job over at Boohoo and Asos. Th egoal is to compress the share price so low that they can then close their shorts and ride the wave up with a large long. In the meantime, prepare to be robbed!
The 'selling pressure' is a sustained attack by people who run algos to manipulate a share price with the FCA's blessing.
Somebody needs to sue the FCA; incompetent and totally unfit for purpose. Of course, if you run the same algo, you'll get a letter telling you to stop doing it or risk arrest - only certain (approved) firms are allowed to steal from private investors.
It's very simple and obvious how they do it, by using published API functions in the L2 data API for the exchange. These functions (spoofing/removal of orders etc.) were added by the exchanges, with the specific purpose of making more money for certain firms. It would make a nice BBC investigation - how people's pentions are raided by (very) fat and greedy cats.
I expect nobody here will understand a word of what I'm saying.
AS it does appear we are in for more of the same and one thing I did learn from previous similar experience is to stick to your own plan/strategy. I am lucky I have protected profits along the way and can ride out the storm. As others have said logic here quite often goes out the window. I am happy to continue to hold as I feel we are in a much better place than a couple of years ago. Transformation progressing, New hubs. CWU relationship greatly improved etc. Pretty obvious to say we need to watch the shorts closely and if they continue to rise it would be prudent to re-evaluate and don't be at their mercy. Being more positive it can of course turn quite quickly. GL
AngerSharkz our messages crossed but similar content.
Ispy looks like the RNS trading update covering Q3 end of December fully covers Christmas. The included statement " that we had a solid Christmas" sounds okay IMO plus the forward looking numbers are in line with expectations.
@ Anger.
If you think this is bad, wait until the crimbo figures are out.
Not long to wait. And i don't think it's gonna be pretty.
If my maths are correct I make it that, so far, approx 7.2m shares have ben bought back (999984053 - 992772768) so at an average of £5 thats around £36m spent out of £200m so a long way to go. So far about 0.7% of shares bought back.
https://www.lse.co.uk/rns/RMG/transaction-in-own-shares-95tvl01wjx9zzxh.html