Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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HI TF - sorry for ruining your supper, I've also sat on an aim share in the past taking the dilutions whilst waiting for the good news, guess many of us have. ( but you would have been 50% up overall - on the timeframes mentioned ).
Growth shares are not everyone's cup of tea. But when they motor they really can motor ( different industries but ASC /BOO / FEVR for example - though I'm not suggesting STOB will another of those lol ).
The ESL sitn. has been ongoing for months, and STOB has progressed ok. The bond does not mature till 2014, by which time I'm anticipating STOB will have traveled a long way down its growth road.
Tinkler has been bandied about as a downside to STOB for what 18 moths now, and in that time I've watched him take several wrong turns ( His FLYB investment being one of them ).
Intangibles are hard to value and can result in write downs. However if one was wary of Intangibles one would not invest in GSK where they sit on the balance sheet at £22,991M and ULVR where they sit on the balance sheet at £29,493M. Maybe extreme examples I do accept lol.
It's difficult for the BOD to buy sometimes with closed periods, but David Shearer, has taken his opportunity today, with a reasonable chunk of cash. That's no recommendation, of guaranteed future success, but I'm guessing he has some handle on the potential medium to long term value of STOB.
One thing is pretty much for certain the sp will close tomorrow at a different level than it's closed today, if it drops, you'll possibly be posting to the negative. Whereas I'd probably see it as another buying opportunity. If it rises I probably wouldn't post, but sit comfortably on my existing holding.
To me STOB as a growth share sits well in my overall portfolio. Anyway its a fun share as there always seems to be something to debate.
GLA
G
Following the publication of the financials, David Shearer has picked up 100,000 shares @ 121p. He appears confident as to the medium to long term value of STOB. I'd take that as a positive statement of intent.
TF - your post 12.36, ever since your first post here on the back of the ESL suspension RNS you have been bearish. We first discussed STOB at that time when STOB shares were available to buy at 101.5p. At that time 23rd Aug. your AAOG shares had slipped to 4.15p, from a previous range around 10p.
I'm unsure of your average as you have acknowledged that you have averaged down several times. AAOG is now sitting at a mid price of 2.75p ( down a further 33% since 23rd Aug. ). I wonder have you completed a calculation as to where your profit would stand had you sold up your AAOG holding and bought into STOB back in August. Even at today sp think you'd have made circa 16%. Add back the 33% loss over the same timeframe over on AAOG, and you'd be up circa 50%.
Even if you remained unhappy with STOB after today's RNS you could have sold out this morning and bought a truckload more AAOG shares with your profits.
You must be interested in the STOB growth story, as you have sat on the sidelines over the last three months, with the occasional bearish post. In hindsight, do you not see this as an opportunity lost my friend.
GLA
G