Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I have to agree here with Geng. Frustrating as it is, and I can't offer a technical explanation why, but he's (she's) absolutely right. You might not ever get to your £3.00, but buy at the bottom (I'm looking at about 8.50 to buy back in) then sell when it goes up. Trade the stock and take the profits, that way you can recover (at least some of) your losses from your initial buy. I was underwater with many in my naivety a couple of years ago but with most have now managed to trade my way back to profit. It's not right, it's not fair, but it's how it is and if you are here to make money you need to go with the flow. Good luck
GUG - MM buys and the SP goes up by 300% to 23.9p : production figures are bad and the SP drops 20% (not even to the bottom of the channel). I agree with you the production figures are terrible but wouldn't you think if the news drove the SP this would have had more of an effect on the SP movement than MM's buy?
I predicted 24p as a target in July 2020 - 9 months ago - because of the GAP nothing else. The news drives sentiment and just fills in the blanks to justify why the SP is at a certain value.
Any SP has no link whatsoever to NAV or MCap, SP is just a measure of sentiment.
A great example of this is another share I'm in IIP. It's current SP is 1.5p yet its NAV is circa 15p the company is actually worth 10x its current SP but with everything going on in India sentiment is very low.
Geng, Thank you BUT you took credit for predicting the rise when Masterman topped up his pension fund. How on earth can you say forget the news and look at the chart. Masterman buys, it goes up. Sentiment wains, Production is shocking it goes down. What part of a chart tells you that. Even I didn't gexpect it to be as poor as it was. This share is entirely news driven, good or bad
I feel for the people that bought this at the equivalent of 23p. Suckered.
Credit where it's due and as i said my guess was based on the assumption that MM wasn't a lieyeing cutn!
As always forget the news and look at the chart - I really can't believe after the major chart breakout that there is yet another chance to buy sub 10p (or 0.1p in old money), may even get to buy at 7-8p over then next few days. Wish I'd waited with my buy backs at 11-13p.
https://invst.ly/uhdh3