Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Divvyup - great post - I’m loving the new sp and hope it continues to fall - selfish I know but in a couple of weeks time I should be in a position to top up by a fair amount so it suits me at the moment , I’m LTH so sp will only affect me when I decide to sell. GLA LTH
miker444
Thank you for your time in posting a thought-provoking informative account.
Your post has made me rethink how I view SYME.
I for one have mistakenly taken the view Syme is desperate to seek funders and partnerships to enable a quick prove of concept.
I have now turned these 180 degrees and view SYME as the company which sets strict criteria as to what they require from their potential partnerships to enable stability.
Tradeflow
Negotiations between SYME and TF will have been ongoing for some time and TF may well need to adapt or bolt on a platform conducive to the SYME model. TF will have its own objectives but with recent news one can assume that it’s at the final stage.
Storm Harbour.
If in theory as I’ve read here SH want a bigger slice.
Have they for example adequate specialist personnel to meet SYMES objectives. SH has been on a recruitment drive recently.
Applying the 180 rule to every part of the model may account for the delays, but crucial in structuring a viable stable business.
I’m not unduly concerned about funders as there’s lots of money sloshing about trying to find a good home.
Liking the Dragons Den analogy, although sadly one or two think we’re stuck in the lift forever.
Still enjoying the journey…GLA
miker444,
I like your post, you put into words my gut feel when I was listening to the two guys. Fingers crossed.
"I think theirs is a trade finance sector not IM, it may well morph in to whatever in time and adds more strings to Syme.. again if it all goes through!"
----
Exactly, I see it as an expansion of their activities....just need a bit more time to complete the acquisition, create a new revenue stream, on top of the IM revenue stream..proof of concept to come in next full trading update, I expect beginning of July. So for me there is a high probability of getting the re-rate we've been waiting in the next 3-6mths ie.. over the summer. GL if you can add at these prices.
Mike, good thoughts IMO
Question is IF and when the deal goes through.. AZ has not always got that expectation correct, so when he says next month, I am nit sure I expect news in April!
Of course if it DOESN'T happen - not good as it is seen as a negative -with the build up/hype also the dd from both parties may have unearthed who knows what?
IF it goes through, (I watched their vid) I would be very happy that they have done their dd, they are comfortable with the acquisition under whatever terms, they have seen what Syme are doing/building and see it as a very useful strategic alliance and one that will excel the growth of TF!
I think theirs is a trade finance sector not IM, it may well morph in to whatever in time and adds more strings to Syme.. again if it all goes through!
ATB
.."The question has been asked and I too have thought about why TradeFlow would allow / want an acquisition with Syme from the point of view that they are already up and running and we despite potential are not..."
Great post ...and one that goes some way to explaining what might be the attraction to TF.
But they'll be doing THEIR due diligence on SYME , too, surely - and will need to see 'proof of cash' , never mind 'proof of concept'.
I think TF makes a lot more on their transactions than 0.5%, btw, for reasons already explained..
Anyway, we should learn more ere long.
ATB
@Mike444
That is also SYME's missing piece regarding going Global, US, Europe, Middle East and now Asia covered.
The question has been asked and I too have thought about why TradeFlow would allow / want an acquisition with Syme from the point of view that they are already up and running and we despite potential are not.
It is always a possibility that even with Head of Terms signed they can still walk away and a worry if it falls at the last hurdle for shareholders but after watching the you tube clip I think I have the answer, for me anyway.
The two Tradeflow guys in the interview have basically with a lot of R&D and head scratching set up from nothing a trading model that appears to be unique and that actually works not just in principal but in reality.
They are obviously talented and intelligent but they come across as belt and braces / blue collar who have finally produced an end product. And there lies the problem. They do not know how to take it forward.
Despite having Singapore as their hub that appears to be their limitations. They are making 0.5% on each trade deal and do not know or cannot break in to the global market to increase the profits or indeed grow.
I drew a similarity with dragons den, you have someone come on with a brilliant idea product wise but need the marketing expertise of a dragon to move it forward.
So why Syme? AZ is the dragon, he has the talk, we all know that, but he has the flair and dynamism to say to these 2 TradeFlow chaps we can make you global, we are in talks with a $70bn Funder, we have a Captive Bank lined and 4 streams in total. He will say he has the back up of both London and Milan and has a guy in the United States making good progress as we speak. Syme's MarCap ( at the time of the talks ) would have been £200m ish and with impressive Board members I can see now what made the acquisition appears so attractive to them.
This only came to after watching the you tube video, if you are invested and haven't watched it I would strongly suggest you do, these guys are good and jolly decent chaps but they have taken TradeFlow as far as they can and without other influences shall we say they are a small fish in an even smaller pond.
Just my genuine thoughts borne out of initially wondering what we can offer a company already set up, without the video I would still be guessing. Could be wrong but it has made me a bit more confident that the TradeFlow acquisition will go ahead. Factor in Storm Harbour , they don't have cold feet, just the opposite in fact, they want more of the pie and other countries so hopefully they know a good thing when they see it and this has caused the delay.
atb.