Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Any ideas
So are you invested here or not?
95% sure you are not but stranger things have happened and all that……
Monkey Duffy what’s your agenda here? Are you like the Rambler shares purchasing chief vigilant officer?
Pretty sure people don’t need your daily repeated messages when deciding whether to invest or not
Question u need to ask is why let it crash u don’t think they could suspend share. This time friend get in on cheap triple their money. Tb done what no ceo has done. Next big short movie going to happen in uk. Market going burst thn best time to buy houses
Are you the friend they let in Moon?
lol
Don’t matter just like iconic labs took 18 month what u need to understand is longer better. As said crash share price was get their friend in. Once small debt payed then bigger placing debt come in.
>now who is ready for rmm
I've been ready for 3 months, where's the RNS?
now who is ready for rmm this is point in company history that they become mid tier. point that no one see is rmm done smartest thing ever.
Rmm won't recognise this contract on the balance sheet. A forward sale of copper at a fixed price would have the same value as a short futures position, which I think most on here would recognise as a hedge. Both have the same economic effect. Copper price goes up the contract loses money and if price goes down it makes money. The only way it goes on the balance sheet is if they account for physical contracts as derivatives which I don't think they would.
I don't post much here anymore because I sold at 10p with 31p average (taking considerable losses), but I am glad to see RMM taking the right steps. Things should never have come to this, but it has and they appear to be digging themselves out of the hole they dug in September. I still think TB at a minimum has to go to restore trust, and his last job should be ensuring the company continues on.
I think this will do +100% at least on the first day of suspension lifting, and if I can re-enter below my exit price I will be a buyer. It dropped to 5p because lots of people were fearing a wipe out or major dilution double/tripling the shares in issue, but I don't see that happening and the share price will quickly reflect that. In the short term it will probably rise to around 15p, but in the longterm I think even people with higher averages will be in profit. The real gains from this share were always at full production with ore sorter and decent copper price, and eventually a new mill. All that is still possible over the coming years. 2023 will be rough but the company will get through it.
At this point, I'm not sure what I've seen more of:
- Moon's 'not finical advise'
or
- Strummer's ' as a 6ft 4 inch, 15stone ex Rugby centre'
Hi Strummer
I think "hedge" is a general term for any deal that protects you from future price movements. A forward sale protects you from future price movements so I’d say it is a hedge, although there are several other ways of achieving a similar result.
Wait for it if they did. Not suspend share we be gone. This is point into turning it into gold here not finical advice
For the refinance or potentially setting it up for a sale? (Not what I want)
Well jones ur thought not listening u can control when to sell when to buy. U going bak to years ago when ramp but after I stopped I realised from charts we gone. But now rmm in best situation ever not wrong here
As said they got ca there
Thanks @pea.
Interesting info on the balance sheet. Indeed.
Makes you wonder if the new CFO is setting up conditions for the refinance?
Let's see if the wider picture gets briefed out in 2022, or we wait on till next year....
Thanks.
Strummer, here is a decent explanation of difference
https://www.wikihow.com/Account-for-Forward-Contracts
One thing that is noticeable is that this transaction can be recorded on the balance sheet. (Maybe as collateral against financial arrangement with third party?).
Hi Free.
Just reading the last RNS said. Forward Sale. Was unsure if there were subtle differences to a Hedge?
Not an expert on the subtle ways that this may differ. If you can clarify that's great.
Cheers.
Why do you call it "pseudo" hedging?
@broker1
Of course your right. He isn't worth the effort.
He has clearly been a swing trader here. Nothing wrong with that. Invest longer term, or trade the ups and downs if you have that skill. NP with the latter. Can't do it myself, as always time it wrong tbh. But each to their own.
No. My issue is with duplicitous people. Of which Moon is a classic example. In real life I don't like them. So why should people be accepted on these boards for it?
Ergo: He spent a year when I was first invested here ramping the daylights out of this stock. Clearly building a position and looking to sell it off. He then spent a year de-ramping. Clearly looking to talk it down as low as possible and get a rinse n repeat.
Unfortunately the technical progress - the bit Brad is good at! Threw a bit of a spanner in Moon's works.... as the SP stabilised around the low 20s. With good prospects on the back of the mining turnaround progress to go north.
Moon then got lucky! Lucky that the aspect TB has been proven hopeless at bit us... The Zippo financial control. The SP crashed after that infamous RNS, and Moon, now with funds from his two faced actions previous can now boldly tell us that 3p is a good price, and to hell with the past investors.... No s*it Sherlock....!
Having seen his Chicken video. It's probably a good thing for him that this is virtual. As a 6ft 4 inch, 15stone ex Rugby centre. I would have to display a strong degree of self control if we do ever meet I fear. :-)
Anyhow, as said yesterday. Let's hope the pseudo hedging being announced is followed by the overall financial plan from the new CFO. Resourse is still good here I believe. But without proper management it maybe someone else that benefits. I hope not.
Cheers.
Nowt to say then Moon... Makes a change!
That's a shock, as my hopes for clarity and an answer to specific question weren't high....
Thanks for confirming exactly what you are.
Not gonna say anything but all I kwn is rmm is in right place in right time. Never disclose my holding but told u in rns will have my name on it at some point
Strummer,
Unfortunately you will probably never get clear answers to your questions.... Best to not let him get to you and simply ignore.....