Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Impatientinvesto - absolutely I would be, if I didn't take my full and final large quota (holding) at 6.4p yes.
So Stoodio you’ll be topping up at these prices then?
I've mentioned a few times that I think it could be the victim of a leveraged buy out. The debt, taken on to buy the company, could be cleared very quickly and then the buyers could extract serious cash from the business.
Rio Tinto and BHP are diversifying into other metals, so there is always the possibility they might snap it up.
LunaNera, do you think there is a chance the company will be bought?
Thanks for the tip on Bull! Great book, half way through and fascinating.
A question worth thinking about is: "where will this be in two years time?"
Cash and receivables at year end June totalled $174.75m add the last 2.5 months and it should be around $200m so thats Arbitrage isn’t it?
Even though the Rh price is significantly down, I can't see there being much room for further falls. As said the cash holding as a percentage of market value is high and keeps growing even with the dividend. By the early part of next year we could be almost 50% cash of market value.
At that point we seriously become interesting as a takeover target for someone to buy just before the Rh price starts to pick back up. At our current level we would be the steal of the century.
To be honest, if you've done your own here and have a not so unusual casual pair of relative strength tungstens kahunas like myself, there nothing more to be said here that get stuck in at these prices, and reap the rewards down the line. That waiting line won't be so long before you see some healthy green on your screen :)
According to a report from IHS Markit. The report projects that semiconductor shortages across the automotive sector will extend into the first quarter of 2022, and possibly into the second.
https://www.scmp.com/tech/tech-trends/article/3148576/chip-shortage-will-drag-some-time-chinese-ministry-warns-country
Last year Ben at the brokers predicted $100k was possible on Rh in his dissecting the bear case for RH 29th Jan 21 i think it was. Heraeus said it would stay high, ST thinks it's worth 200p, and the broker still has an EPS, cashflow, and net profit way higher than 2021 when the company says "lower prices" and we are 3 mths in with Rh today at $12k. DYOR is the only way. There could be a squeeze next year when production picks up and outstrips supply, that is the time to go big IMHO not now. PGM's are not looking great, but timing your entry into things that don't look great brings the greatest rewards. Good luck with your decision.
Chatmandu, I couldn't agree more and have cashed in 30% of my SIPP already. I still see a positive outcome for SLP and finding it hard to sell at a loss, although my average price is now 99 (I did listen to the sound advice on here).
I do wonder what the floor for SLP is considering cash + assets + future profits looking positive, even at these prices. Surely that cannot be below 80p, as this would mean trading with 42% of its value in cash by end of September.
Ouch indeed...
I'm not sure where we'll bottom out or when the corner might be turned.
The news coming out of China is a bit worrying and American markets do seem to be a bit frothy.
https://finance.yahoo.com/news/stocks-could-be-due-for-a-correction-of-up-to-20-by-fire-or-ice-morgan-stanley-strategist-185927231.html
I've decided upon an overall portfolio strategy involving mainly ITs and have been increasing my cash position to take advantage of any corrections.
Personally, I'm now hoping that SLP's price recovers to a decent level before any market corrections occur. I'd ideally like to recoup my initial SLP investment (63p average purchase price) and run the profits. I could do that now, but it feels a bit painful after recent highs - I certainly don't want to panic sell.
To be honest, I'm a bit worried that a combination of PGM prices and wider macro shocks (especially a USA stock market panic/selloff) might combine to give SLP's share price a severe kicking and wipe out my profits. If we have a decent rally that puts us over 100p, I might bite the bullet and reduce my holdings / recoup my investment. I can always buy back in at a later date.
Ouch! Obviously, wish I had sold more before this latest drop below 93. Concerning as to where the PGM drop will end. What are the views here?
Still incredibly profitable but……