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Dont worry It is what it is until it isn’t! and it will be as you say it isn’t! -ten cents you should have got out a long time ago.
I’d certainly welcome new shareholders! I originally bought at 10 cents back before they had even sunk the first well so to be here now - despite additional shares is a good flick to my balls! It is what it is until it isn’t!
Grtz good entry point for long term gains, hats off to you :-)
I’ve been waiting to get a lithium stock in my portfolio for a while, looks a good entry point at 11p, I can’t see todays Rns making any difference long term, lithium prices will pickup from what I’ve researched, demand will only increase, so onwards and upwards .
I’m fine! Issed off a bit but this is all just the journey…. Personal opinion is that Aldo goes, it’s just optics, the asset is real, the programme to get there is reasonably well mapped out, I don’t think Aldo (as much as this is painful) has a material impact on whether or not they get there. My primary concern right here is getting the new listing off- whether Steve moves from exec chair to ceo is where I would think things may go (if the collateral has been sold) - if the collateral is still in place then it maybe that post investigation he gets told off but no more…. Shall see, in the meantime I just have to not get to worked up over what has been a fair run of disappointing share price action.
No need to ramp anything the opportunity is real, someone getting a real good price on the shares here, great job!
Denby69 - Please don't kick a man when he's down. .... this is no fun for anyone...
Lol now why are you not ramping this donkey
This will put a damper on any ASX listing. W. Buffett's philosophy is to buy now if you believe.....DYOR
Agreed Raising, Steve is totally competent and aware of all the ongoing business and relationships, sure Aldo personal situation may have led him down a path that is less than ideal for the company. But Aldo is still aiding the company and there is no reason with the correct reassurances to the board his local knowledge can't play a significant role in the future of CTL
he cannot continue in this role - i would imagine he will move sideways. it transpires he's going through a divorce (cheaper to keep her) and looks to have raised capital via collateralising his loan. we don't yet know whether the lender has been selling etc., likely that will be known in the coming days. this is a ****show but it does not have a material impact. it will on aldo however. id move him into a government relations role and move on.
He's not gone, just suspended pending investigation...
DYOR
Atleast now the bad apple is gone its onwards and upwards . Someone impressive WILL pick up the ball and run with it! The same thing happened with pantheon resources when they were at this stage, now they are scoring goals all over the place !
LTH all, GL
Not so 'clean' tech lithium after all....
DYOR
We knew some time ago that he had transferred his holding to a third party as collateral for a loan - it is a bit of a nothing burger so long as that is the case. There is a risk that they the lender has sold the security depending on the loan terms and where the share price has fallen. That would be a problem for him as he is under a lock-up - I’ll pend comments from Steve but it looks like it’s just an error to broadly inform (he wouldn’t be the first to have securitised a holding) or and hopefully not, a biggger issue , if the lender has liquidated which would be worse optics - I’ll wait to find out what happened .
I just hope Steve is on top of all this, and takes over the CEO role. Who was dealing with the Govt? A Spanish speaker I presume. My shares go back in the drawer for a year or two.... I have been here before with other AIM shares. . It gets uglier..... and uglier....
donuts... I sympathise....
Have kept this one on my watch list, having planned to take a small position at some point.
Then I read this morning's RNS. Words almost fail me. GLA holders and I hope the situation gets sorted for you all soon, without too much pain in the meantime.
A potential day trade I guess, but IMO right now, like many (most?) AIM outfits, totally uninvestable.
I happen to agree with a lot of the points you raise below. The european car industry has got it's strategy totally wrong. Those cars are not fit for purpose - they don't go far enough - try doing a run to the south of france - you'd be cursing the day you were born. The chinese have I believe got it right - they are mass producing cheaper cars with less powerful batteries - those are urban cars and make a lot of sense from many different perspectives - they are also relatively disposable - they are pricing them around 10g and you will likely see a lot more of them given that the government are intent on pricing us out of ICE. On the other hand, toyota have stated they are going into commercial production in a year / 18 months from now on a solid state battery - lithium content increases and lighter. They are talking about 1500km range and a 15 minute charge. If that is the case, that is a game changer as it totally changes the nature of the beast. You will then have a car which will go much longer than ICE generally and with the charge time it mitigates the need for the charging infrastructure - who does 1500 km in a day?? All the analysts are looking to a Li shortage (esp., given how many projects are now not likely to go ahead as unable to raise finance now the price is in the toilet). If the product (see above) sorts itself out then we can finally start talking about a viable product which is actually net benefit to the environment when compared to ICE (given all considerations) which is presently not the case.
EVs ?
The thing that concerns me is that there is no real shortage of Lithium in the world. So, why should the price necessarily go back up?
As for EVs I'm not convinced they are the answer. I have just got back from the USA ,and there, EVs are posy, 'I'm planet concerned' cars, like the Prius was. Generally, he Americans hate them - because of the lack charging facilities and low mileage. They drive hundreds of miles without a thought. I don't even know anybody who really likes them here. A 2nd car for 'emissionst concerned' wifey perhaps...
Do you have one ? Have you tried to sell it ? People don't like the idea of 2nd hand old batteries. The car industry is in a quandary, because they have built cars too reliably well, and the public are holding on to them . Especially the Asian built (every extra included) ones.
09:47 Lot of bluster and FUD with no real information is all I see but you be you...
Sure the stock is down but not out, lithium prices will rebound and certainly it seems that companies (like the German example we heard on the recent seminar) have restrictions in buying the cheapest Lithium due to trade issues) CTL is a route for these companies to secure supply at a reasonable supplement to the market price and they are also happy to commit (and indeed require) long term contracts and surety of supply, lets see how things move in the coming 6 months once the CEOL process reaches completion...
Do you need help? I am ok with differing perspectives when evidence based, welcome them in fact, so please provide them, with your reasoning. I am not aware of copy and pasting my opinions for instance - can you evidence otherwise? There isn't anything rose tinted going on here, I am very disappointed with the performance of the share price, I have a very large shareholding and speak to many more shares across my friends. I make no secret of my position. I do not and have not (and I would love you to please explain otherwise), engaged in ramping, which would suggest I am in some way conducting market abuse by attempting to move the share price. I have bought shares prior to the IPO in all 3 private raises and bought more in the two raises since they went public. I didn't participate in the original IPO itself but bought shortly after the open. I sincerely believe that the company are being solidly steered in the right direction, they've made a few mistakes along the way but then who hasn't. I do not believe that Chile is the nefarious backwater to which you allude. Yep, they had Pinochet, but then look at our clowns and what they are doing to the wider public, we are not so far away from disappearing people ourselves (anyone heard from the Skripals recently and Julian is still in Belmarsh)....
Mr. Rose Tinted glasses. The most vocal person on this open forum. Empty vessels etc. etc. ... ``You keep up the ramping, 'copying and pasting', ......one day you come up with a thought of your own.
Just can't stand a differing option, can you? FFS ...
The only thing you speak to is a seeming bitterness of being old. ML no longer exist for good reason and unless you can offer good reason why not, neither soon will you. I hope you find some solace before you go but it does seem unlikely, bit of a shame really,. I prefer the CTL story over yours so far.
You get real. Take a good long hard look at Chile's copper......as a commodities broker in Plantation House, with Merrill Lynch (then MLPFS), I was trading Copper on the LME in the '70's....
You please explain why there appears to be no retail or institutional interest.? Also, why the SP has fallen to a penny share status.? Get real indeed !
Seems Steve isn't the only one that likes to drone, FUD helps no one, thanks for that...
No mention of the prospective German bank and car deal they showed as an example of the substantial funding potential they have in play but we will ignore that $350M and just talk about some made up nationalisation and how South Americans can't be trusted, seems very worldly, Chile has been a major minining player for many years and the sort of cowboy actions you suggest have not happened but seemingly CTL is going to get the worst of this, get real...