Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Broker target for this year 19p looks a fair price imo where as last week it looked a pipe dream. Now i think its a realistic target and very do-able..
200% + rise from here if it gets there.
Yes Ian, around the 20p sp /50 mill MC is about right at this point presuming something extra special isn't announced again in the coming days/weeks! who knows, you wouldn't rule that out after the amazing news over the last couple of days!
Get ready for for the Fowler family funding placing
“Banking facilities” sounds good to me.
We know they have a facility with the Clydesdale bank with securities held against their buildings.
£17m map is ridiculously cheap. 10p share price puts it on a lowly £28m mcap which is also too cheap imo. Realistically £50m mcap is a sensible and realistic valuation at this stage.
As a seasoned WSG holder... and as much as I dont want to dampen the ramping (my average is still +15p).. "revenues" to WSG often mean raise CLNs/Equity and hand it out to family and friends... Not my cash this time boys.. as much as I rue not buying at 4p. If I was a ii, first thing I want to see is margin (where is it with Tema and Freetown after how many years?). Saying that the more IIs involved to grow the company and boot out the fowler crew.. might see my 15p come back in 5-10 years. GLA
Market seems to expect a level of placing hence the fairly mute reaction to the latest major contracts win....IMHO.
Having said that, even if this is the case (could be different more traditional ways to raise money, especially with the new revenue stream) the company will be sitting on a very strong foundation, and could show huge growth in the next few years.
I took few more today,not worry about the very near term SP fluctuations anymore, it's all about the middle/longer term now.
After sitting here for few years now and despite averaging down recently I still a wee bit underwater with my holding, but with bigger stake and more than just hopes to be rewarded....eventually....:-)
GLA.
morning Win: the broker who happens to write "research" has reiterated its buy and 19p target this am i believe (did so yesterday too). and according to Twitter in a note today "initial investment for the two new contracts can be funded from existing resources and banking facilities". Which would imply that the broker is not trying to push for a raise...but then "research" and broking are obviously "independent"...
I think, whilst Fooler could probably obtain alternative funding from other methods the likelihood is he’ll still go with equity funding. The broker will be in his ear right now offering a couple of million and saying there’s a queue of punters ready to splash out big on shares at 5.5p. He won’t have to repay, it goes straight in the coffers, traders are happy and who cares if holders are p’eed off.
I truly hope we don’t go down that route and this really is a step change in the fortunes of this company but after 8 years dilution I can see PF pricking the bubble once again.
I think, whilst Fooler could probably obtain alternative funding from other methods the likelihood is he’ll still go with equity funding. The broker will be in his ear right now offering a couple of million and saying there’s a queue of punters ready to splash out big on shares at 5.5p. He won’t have to repay, it goes straight in the coffers, traders are happy and who cares if holders are p’eed off.
I truly hope we don’t go down that route and this really is a step change in the fortunes of this company but after 8 years dilution I can see PF pricking the bubble once again.
Johnjojim I was thinking exactly the same and that now with visibility over 4 contracts Banks may now be the more likely funding source.
Westminster cannot be as bad as some have suggested for with todays news they are saying that with this Liberain port contract they can fund from existing resources, including warehousing etc. Debt free at the moment as well must be to their advantage.
After the spike from yesterday it wiil retrace by the end of the day, and will be about 5.70p, all in my opinion of course.
yrabs: i get your sentiment, but i do think that "this time it's different". WSG have many more funding options available to them now.
i still think this is criminally undervalued (not to the ludicrous levels that some new posting "LTHs" are spouting) and would actually have liked this RNS to come next week...give the market time to digest the DRC contract first. for me we should have seen 10% this am just on the back of yesterday, today's RNS should have then sent it flying.
anyway, i'm in no rush...after 9 years, what's another 1 or 2?
I agree MOS.......... but we all know Pete just reverts to type when success arrives as he isnt used to it........ this is when you need a CEO who can build on success, not one who sets fire to it........... I suspect that is why we are 6p and not 10p right now because peeps know that the BoD have history of making poor decisions when it comes to funding..... all them bucket shops will be lining up and Pete will be dribbling in to his cornflakes.....B
From today’s RNS
Quote
Initial deployment expenses incurred pursuant to the Contract will be satisfied from existing resources, however as the Company noted yesterday, with a pipeline of multiple other potential contracts, the Company continues to monitor funding requirements and options to ensure it has adequate financing in place to deal with the anticipated expansion of services.
Note the words “ a pipeline of multiple other contracts”
Sounds good to me.