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No. Sorry, I didn't check that properly - well north of 50p you said. My bad as I hear some say.
GCN . Only 1.5p before what I think you said was your 50p target. Might get that next week. Never know.
I'm sorry you feel that way mick. Of course you are perfectly entitled to do with your cash whatever you see fit.
For clarification I question your judgement purely related to my comments only. Not your investing style.
Why do you keep going off at a tangent? When did I show any interest in whether you buy sell or hold?
If you want to debate any of my comments I’m happy to do so but please stick to the issue at hand instead of making random comments on other matters.
You cannot comment on my judgment. You have no idea whether I buy, sell or hold.
It’s not a black and white issue. You appear not to understand nuance. It’s up to other investors to judge whether there will be a correction or not.
Whether they decide there is going to be a correction or not riding it out is a perfectly valid strategy. If it happens they will be prepared to accept a paper loss until 2022 then once prices rocket up in the following years the short term paper loss will soon become a distant memory.
I could go on with other strategies but hopefully by now you realise your simplistic way at looking at my comments is way off the mark and you are allowing your misinterpretation of what I am saying to badly cloud your judgement.
You now recommend they buy more in April?
My interest in your posting is satisfied. Thankyou.
You just need to read my more detailed previous posts and all will become clear. You could start by reading my nutshell comment as this clearly states ‘you could just ride out the correction’. How is that in any way recommending SIG holders to sell in April? Just the opposite in fact.
Can you please explain your posting then - I was trying to get to the nub of it. Just as well I tried, as your "in a nutshell " post seemed fairly clear.
You are incorrect on both points.
You put your posted view "in a nutshell" in an earlier post, when the price was 49p.
"In a nutshell prices will fall in May before recovering by the end of the year to a level equivalent to around 10% below today's prices. You could just ride out the correction as once we get to 2022 share prices are going to rocket for the next 4ish years."
For simple clarification for Sig board people, am I correct in understanding that you :-
1. forecast a fall for Sig in May of substantially more than 10% for it to recover to 44.9 or so by year end.
2. recommend Sig holders to sell during April.
GCT, you need to read what I say more closely. You keep making inaccurate comments about me. It’s time you stopped relying on your poor memory and backed up your comments with actual comments I’ve actually made.
I’ve allowed a lot of your inaccuracies to go without reply but not anymore. You appear to have a vendetta against me which is fine but at least do me the courtesy of accurately reporting my comments.
Yo claim what I’m doing is nothing more than soothsaying etc. Absolute rubbish. You have obviously never bothered to educate yourself about economic cycles. Until you do my advice would be to keep your subjective opinions to yourself about a subject you clearly know nothing about.
I did not claim I was new to investing. I said I was new to investing in shares. I have invested heavily in property for years and am in fact the opposite of what you say i.e I am a very experienced investor.
Your claim that the evidence that investing based on market cycle predictions does not work is palpable nonsense. I can produce masses of evidence to prove my point. You don’t produce any. We are supposed to just take your word for it. I’m sorry but that is nowhere near good enough for me.
You claim I have gained my knowledge about market cycles in the lat couple of months. How do you know this? You are completely wrong as you would have noticed if you had read my previous comments more closely. Due to my long history of investing in property I’ve educated myself on market cycles for years.
If you knew anything about cycles you’d know that when property prices rise then so does the stock market. It’s not a massive stretch for me to apply my knowledge gained while investing in property to the stock market.
WD Gann is a legend and for someone to dismiss him as easily as you do shows me you’ve not done any proper research on the man. That is your loss.
I have not predicted the correction to the day. Check what I’ve previously said and you will see you are once again guilty of relying on a poor memory.
I too had a cycle. It was indeed a raleigh, a raleigh ascender...6 gears! Rigid frame and weighed about the same as your average motor vehicle.
Mick this absolutely needs criticising. What you are doing is no different from soothsaying, reading palms, runes or tea leaves. You arrived on this board 2 months ago claiming you were new to investing. Now, either you are an incredibly quick learner and have read a bit about market cycles or you are a liar or a complete clown. I will give you the benefit of the doubt for a minute and assume you are the former. But in that case reading a couple of books does not make you an authority just as you couldn't be a pilot having read the manual. Stop touting this nonsense, it is quite tedious and very silly. as I have said before the evidence is that investing based on market cycle predictions does not work. If I again point you in the direction of the founder w d ganz that could not support himself with trading. If the pioneer cant make it work then one really must question its authority. Now I think all can agree there may be a further correction at some point which is why most are very cautious presently but please dont presume to state when it will be, not to the week and certainly not to the day.
Not a Raleigh. That's seafaring. It was a Moulton.
I used to have a bike. Very cheap to run.
I’m not guessing. You obviously know nothing about economic cycles just like 99.9% of the population. Not your fault but don’t criticise something you know nothing about or can’t be bothered to educate yourself on.
Kept guessing. You’ll lose a lot of money that would have been avoidable.
Madmick62,
For over 2000yrs people have been predicting the second coming,they had just a feeling that they were right,no evidence.
A few years ago there was a guy,name eludes me, who wrote a book on market cycles,he predicted that the FTSE 100 would never again see the number 6 at the beginning of its price,it was 7600 at the time.
In bull markets sharp pull backs are normal and to be expected,it may well happen on the date you predict but you would be fooled by randomness.I think the bull market will end gradually beginning May 2023,I admit I am guessing,do the intellectually honest thing and admit you are doing the same.
I disagree with almost everything you say. Rising interest rates will cause problems only because it will be the end of easy credit. This is 4 to 5 years away.
It’s obvious from your subjective comments that you know nothing about economic cycles. All my claims are backed up by solid research. Your prognostications are merely your best guess about what’s going to happen. Give me over 200 years of history any day of the week.
Your first suggection about a correction in May is nowhere near as " mad" as your next suggestion that SP's will rocket for the next 4 years. They cannot because the world economy has been battered by covid and most companies have taken on a lot of debt which could strangle them when interest rates rise. Most companies have SP's " bloated" by the stimulus packages dished out by the FED, SIG is simply " jumping on the bandwagon" and will continue to rise for a few months because it is currently undervalued.