Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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"There is a common theme to Pearl's investment strategy emerging here...."
It's not really a strategy Carpe, it's not even investing...it's clearly just gambling with very little insight. You should have heard all the complaining, nonsense and hysterics over the total loss at Debenhams. Along the lines of it's a" big loss for me", "more than I can afford to lose".... All discussion about insolvency at Debenhams were, in the usual fashion, pushed aside. I cant even count how many time I had to explain how insolvency worked and the structure of debt finance. Usual direction of travel "Devon you obviously know a lot about debt, but...."
It's just gambling, some will come off, some wont. One day your 100% up, next 100% down....
Pearls, Given your tendency to visit the ARB board whenever the share dips, it's no surprise that vulture investing, circling around distressed companies is your favourite strategy
Carp, sorry my friend, you are well out of date. Mothercare successfully completed a debt for equity deal in recent months that has been transformative for Mothercare’s cash flow. Check the RNSs.
Harbour did theirs at the beginning of April, whilst SG did theirs before the pandemic but coronavirus has obviously delayed any recovery coming through.
You’re right though, there is a common theme to what I invest in : companies who’s shares have crashed on fears of insolvency, which then survive via debt for equity deals. I’m up just over 100% so far since October so it’s not been the worst strategy.
Mothercare SP has doubled from its lows, but is at extreme risk of bankruptcy, a bit like SGI really.
There is a common theme to Pearl's investment strategy emerging here....
Mothercare saw sales decline by 39 per cent to £145 million. Closed all their shops, so not doing as well as you think, btw they don’t feature in the top 10 on MadeForMums site, so not as popular as you think either.
Pearls, as the saying goes: the market can stay irrational longer than you can stay solvent, and as you’ve likely discovered, there’s a huge opportunity cost whilst waiting for your thesis to be proven true. SGI share price has been on a downtrend for many years and only a miracle can reverse the direction. The problem is SGI is operating in an industry thats no longer relevant to the modern world. Stampsniffing is similar to listening to Cliff Richards records - trendy and fun 60 years ago, but now viewed as an obscure activity practiced by a minority of eccentric old men. In order for the industry to survive, a new generation of stampsniffers needs to replace the aging boomers, however Generation Z are more forward-looking, preferring to invest in the future by way of cryptoassets.
Another strange comment from you, Jay. What’s so “in the past” about Mothercare? Presumably you’re not a parent. If you were, you’d know that Mothercare’s range is one of the best on the market and Mothercare is the retailer of choice for most new parents. There’s also anecdotal evidence that there’s been a birth boom in many locked down countries, clearly many new parents in due course. It may not have been how you were spending the lockdown, but if you don’t have children and live on your own then I suppose you wouldn’t have realised what many people are doing.
No stranger than your obsession in posting on ARB, but good for you, every little bit helps, however you will regret it, SGI is going nowhere but down. As for Mothercare, you truly do live in the past.
What an odd comment Jay. I have been frequently buying at this level. I just don't go on about it non stop like ARB holders. I've also been increasing my holdings in Harbour and Mothercare.
All of these companies have conducted recent transformational debt deals, none of the share prices yet reflect the stronger position each company is now in. Once they start bringing out statements, things should improve. Both HBR and SGI are due to give market updates next month for example.
I'd be stunned if Pearls actually bought some at this so called cheap price.
Lunq, as it happens I am a contrarian investor and I have held SG for a while hoping for an improvement. To be fair, they have been at or around this level for some years and everything goes back to the position the company found itself in, in 2016 - 17. RNS's at the time document the disaster unfolding in front of investors eyes, and then the work done to stabilise the company, ringfence the liabilities, deal with the legacy issues. All of that is now done, we are awaiting the recovery, which is why the forward looking statement due next month will be so important. I am not necessarily saying this is the next ARB, but certainly if it does improve and the market mark up the stock, every 1p it rises from the current level will be a 33% increase. And I would say once it gets going, it will bounce into double figures so there's a big increase I am hoping takes place.
Goldpicker, if you want to know how strong the hobby is currently, tune into the two day auction SG are holding on 11th and 12th May. You are likely to be stunned.
So is it really the case that there is a decline in the stamp collecting. And if so is it not that what they need is just a few good transactions that could be Transformational to the share price? I don’t know. - Just asking. Good and busy talk by the way. Maybe more interesting week ahead. Sooner or later it will come either way
Pearls, Taking a contrarian stance hoping for a reversal in the -99% downtrend of a company might be a profitable investment strategy…but given the decline of interest in stamp collecting I’m not sure if SGI is the best choice. Time will tell I guess.
It would help if SGI looked towards the future and explored the idea of cryptographic stamps and NFTs. But since you think crypto will be banned and blockchain technology is irrelevant then I assume you disagree?
https://medium.com/hackernoon/the-first-blockchain-stamp-in-the-world-and-what-is-means-f6f777838370
Not yet, Lunq….. But that is exactly what we have been discussing on here prior to your arrival as it is likely the June update will show a strong recovery coming through. Then the shares will start catching up. As you say, there's no press but there's also no interest from city analysts in the shares either. That may change if the results show a recovery. Recent auction results and internet sales indicate turnover rising.....
" But spare a thought for the long term holders, who have held the stock as it bled value over the last five years. Five years have seen the share price descend precipitously, down a full 99%.":
https://uk.finance.yahoo.com/news/investors-bought-stanley-gibbons-group-130733561.html
And people say that Bitcoin/crypto is volatile and could crash to zero, lol. In the last bear market Bitcoin "only" crashed around 80% - more importantly it has since recovered strongly and is making new highs. The same cannot not be said about Stanley Gibbons.