Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Just noticed that the shares in issue in the Fundamentals tab above is out of date. I have just gone thru the placing and warrant data and believe current position is as follows:-
Shares in Issue: 13,843,201,834
Warrants: 2,185,069,208 @ 0.06p (£1.3m) due by 01/09/21
Warrants: 961,538,461 @ 0.15p (£1.4m) due by 23/10/21
Warrants: 833,333,340 @ 0.125p (£1.0m) due by 23/08/22
Total Shares & Warrants = 17,823,142,843
Worth taking note of when predicting future SP.
Agreed as much as 1.2p would be incredible and probably make a few of us millionaires, 0.3 is much more realistic in the short term
.25 to .35 is my target range following commercialisation of SGS. To move north of that we would need to see significant movement in some of the other holdings. Mode is looking good for a few bags when they stand up the 'Super App'. so maybe .4p + is possible in the next 6 to 12 months. IMO
I would love to see 1.2p this year. Just giving myopinion on what I can see from what I have learned and what other people have shared. Just saying I've read some charts doesnt make you anymore informed then the rest of us to make up numbers. Obviously we cant predict where it is heading otherwise we would all be billionaires and money would be obsolete! Gla
No one knows what is and what isn't possible!
Its just not possible to say that we will only go to 0.3p or 0.5p.
In the current market ANYTHING is possible!
So STOP making up prices if you dont understand the market!
I say look for numbers like 0.5p......0.8p......1.0p.......1.2p!
Remember : a profit is a profit! So take whatever you feel is enough and let someone else take the rest and the risk!
I believe we will see 1p this year! This is what i see from the charts!
Good luck and enjoy the ride!
Morning HH, I do not give any wrong information, that is my opinion and all the rns’s are there for everyone to decide.
-I am sure they are wealthier than me-:), but not sure if they are more clued up if they bought at much higher price than the current sp!
-Some of the more clued up also sold causing the sp to fall and some are well known P&D..ers (TERN comes to mind).
-I personally day traded rdgc but not a long term holding for me for the reasons above. My comment was manly related to Vela
and I would not go any further for the annoyance of the this bb readers.
ATB and have a good W/E
if he is planning to take part in the rto deal, then Vela will benefit more as it will be the admission price for the new company, which i expect will be less than the current sp for rdgc (they have been warned -:)
P.s Double blind study means the staff giving the medicine and the patients do not know which is tablet A or B, but the staff receiving data know (not blinded)
Indeed it would and could be spurred on by an as yet unannounced mega deal prior to trial results. Placing funds were raised over 2 months ago plus further funds raised by recent sale of NPR and bank balance now stands at £2.1m. The RNS stated that The Company has a strong pipeline of new investment opportunities so is something being worked on in the background? Interesting that RDGC, of which JN is Non Exec Director, released an RNS this week that mentions discussions with RTO candidates were progressing. At the same time, some may say they took the heat out of the SP to bring it down to a more acceptable value for a deal to get done. Could Vela become a funding partner in this transaction, time will tell. Expecting some exciting news soon.
0.30 would be a brilliant return on the current share price. Roll on the results!.
Yes, some good considered posts there, thanks.
I agree that around 0.3p will be hit short-term IF the results are very positive - with the possibility of higher momentum.
Good post BigDave
The links provided by Tra1 yesterday provided an insight as to what a successful trial result may mean in terms of potential returns. Let's assume £275m for a global commercial deal with one or more companies. That would be around £20m to Vela, most likely consisting of an upfront payment and then future payments on milestones achieved. Compare that to current MC of £10m and it puts into perspective what this means to Vela. So I would agree with Suthy that 0.3 is achievable, which equates to £36m MC and being Aim, the excitement could easily result in overshooting this up to say 0.5.
For a balanced view, need to consider any adverse actions that may impact this SP rise. Firstly, SGS own 1.1bn shares or 7.95% so once they are out of lock in period, they may dump some or all their shares. That is a lot for the market to absorb all at once. The other issue is the number of warrants still outstanding. I think it may be around 3bn or so. If they are all exercised, then that means a potential 20% dilution. Partly offset by the monies paid but still looking at these 2 points together it may dampen any hype.
So I am hoping for 0.3 and would be delighted with anything north of that (within a week or so of deal confirmation). Once all the news is in, shares sold, warrants exercised, new investments made etc, then I think Vela will be viewed in a different light and will then need to re assess what it all means for the company in the longer term.
I think most people will top slice on SGS results leaving the rest to run for free. I'll be keeping a minimum 1 million here for long term.
Risk vs reward. As far as we know, the SGS trail will either succeed or fail. Its binary. 50/50. A toss of a coin. The reward of a multibagger far outweighs the risk of losing say for example 30%. Also JN has history and i suspect is privy to more info than us i suspect, which speaks volumes in itself.
Just my opinion and logic, which is why 50% of my portfolio is here and im in no rush.
The SGS trial is really hard to quantify the impact as it will be a global treatment, so could also be way more than 0.3p...". I think the frenzy to get in on good results will also push this skywards
Short term = SGS news - If good (as most expect) .3 is easily achievable.
Long term = Pool of existing investments + whatever JN elects to push the £2m cash balance towards. Potentially .5 to .6.
For those buying at this level a ten bagger is not impossible.