Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And here also...hard frost overnight...played golf in shorts yesterday...clear blue skies today 8degs...
You are absolutely right, Sean. It's just my opinion that, for the lack of a better alternative, the market is judging us by our net asset position.
Just keep loading up guys as and when able and never look a gift horse in the mouth...
Have a great weekend all fireworks next week, bang n time... ;))
Sitting so long at such a miserably low share price is enough to affect one's sense of self worth.
The only true valuation we will get is when a bid comes. The market valuation cannot be based on these current tiny volumes.
The net asset position takes into account the various categories you describe, but bear in mind virtually all of our assets relate to Cascabel and the rest is de minimus. As for other concessions, we have never been given any credit for them, which is hardly surprising. Hopefully that will change once we have an MRE for Porv.
Of course you are right about accounts merely being a snapshot, but the fact is the only change that has occurred since the y/e is that the cash position has diminished.
Morning Red
Beautiful day here ….
Incidentally, I don't believe anyone is applying any sophisticated valuation techniques to us at the moment for the simple reason it's virtually impossible to do so.
Our assets could be worth multiple billions or, they could be worth nothing - I'm applying that comment to us, not the asset itself. And the current absence of cash makes the task even more difficult.
Bought another 99,171 just under 16.1....
Now let's wait and see...off to do the shopping...
Hi HH...I've noticed a better correlation with the Gold price than copper over the last couple of years...my assumption is because there are very few direct gold investments in the UK market and PIs see SolGOLD...
Thanks for your informative posts
I didn't say it was; it's simply one valuation, which incidentally, is not too far off the mark.
The combined net asset position of CGP and us is approx £482m. The combined market cap is approx £446m. In other words, the current share price of both companies is giving us a valuation roughly equivalent to net assets.
We all believe this is a significant under-valuation, but it's easy to understand why the market doesn't.
Not sure if it's relevant
https://twitter.com/HedgehogTrader/status/1588180289909497858?s=20&t=Jxxr6iP0SGKLkohipQ9jyg
Sarebbe bello
Pero' ora il prezzo potrebbe anche smettere di scendere...
One last tree shake before news probably. Dramatic drop on open, huge spread.
Before people start bemoaning the SP fall, Fed Chair Powell indicated that US interest rates will rise to 5% or more in 2023...whatever is necessary to bring US inflation back to 2%.
Markets which had been up early in his speech then tanked, with the S&P tanking 4% from its intraday high.
The dollar is sharply higher and copper fell 4% from its high...so...
The FTSE is quite benign only down 0.6% but Industrial Metals are down (BHP 1.9%) so for the brave the SOLG SP slip may be an opportunity pre imminent news...
Somebody already thinks so and indeed I would definitely be a buyer sub 16...
But if probably wont get there...onwards and upwards...
Yes agreed, CGP will likely move further up if/when SOLG moves up but the point is the current vast gap between the two. I'm not referring to the merger day Oct 7th as the starter for correlation. Although you could use that if you wanted to but you'd have to use the 21p/22p level.
The point is... CGP were trading at similar level in late July 22 based on tonights sp. On a comparable basis, the last time CGP were there, SOLG were trading at 25p+.
The CGP deal carries some dilution but we gain the 15% ENSA stake as well as the 6.7% SOLG shares that come back into treasury.... or not as the case may well be.
So it's not a dilution story as asset values increase. Hence there's no reason what-so-ever why SOLG should be discounted from the 25p levels seen in late July when CGP are showing zero discount. Yes, there will be some slippage in-between whereby CGP may have been oversold or overbought around that July period but looking at VWAP and trends that's not the case.
So in a nut shell... post merger action is saying one thing and pre merger action is saying another. Certainly points to some heavy handed arbitrage trading imho and that needs to unwind at some point very soon based on my expected calendar of events. Might explain why we have seen Volume and size of block trades pick up significantly this week compared to bulk of October.
Its only up 2% on 20k volume...you cant trade it...its meaningless...
Seanhunter lol same here !!:):),Eish maybe one day lol!!:),note to self ---buy euroticket !!:):)
CGP trading back at late July levels and breaking out on a TA Chart basis. On a comparable basis, SOLG should be aligned at 25p.
So something has gone amiss as the CGP/SOLG merger appears to have left SOLG depressed and CGP looking positive.
It's a curious one but would not surprise me to see SOLG back above 20p and testing the levels that we saw on Merger RNS day with 22p being printed on heavy volume.
Bubble, one day you will be spot on with the "One Trade Thing". I guess when it really counts and you will say: I told you so! LOL!
"We were talking about SAVE Colonel, not SOLG..."
Redknight - do SAVE not have their own BB?
Ha ha I've made enough of a fool of myself with the 1 trade thing....
1 trade seanhunter lol!!:)