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Placing price is 0.08, hence why it gets knocked back...π£
The only thing that will cause this to move higher is when the RNS lands stating that the test results are positive, the plants up and running and we're good to go... π
Buying under 0.08 is a bonus..
Gla...π€«
I cant wait for the day when the RNS drops and it says that the pilot plants all ready to go... with Clon lithium brine.. as the source... I think that should be an interesting day...π
In the mean time, I got myself a few more today.. π€«why? I look at this like a new venture, which need a monthly injection of a small amount. To level out the average?
More of an investment, rather than a trade...πafterall... isn't the market about potential?
Have a good weekend all.. no matter your strategy... π€«
Had the potential to take lithium extraction from the stone age to the new age... with a 300m cap company as JV partner and up scaling successful tests into the pilot plant... in which there will be teething problems,as with any new process... which when you think about it creates opportunities π
Think I'll add more, more regular.... π€«
If all the CLNs are converted at 3.19p, the worst case is a total of 150m shares in issue... which imo, in this market is quite conservative... especially when you consider some other stocks you see out there with billions of shares in issue.
Given the recent RNSs regarding the throughput increases and return clients, it makes me wonder how far this stock could actually go.
Gla 7s
I like that idea...
The way I understand it, they can't be exercised until the sp reaches 20p.
From the audio log... the company needs cash to grow and expand, so i presume this is the purpose of the CLN notes... it also states in one of the RNSs that they don't have to use all of the available funding if they don't need it... so it looks like they have secured their funding, which could be especially important at present as we may fall into a recession period and funding access would be harder and more expensive to obtain. As the funding is being used to expand to business ,imo that could only be a good thing....
As another poster has said, by adding the extra crypto currencies, this expands the potential customer base... and potential revenue streams....
Again , I'm still reading... noted the extra stock coming onto the market on the 13th... it should be interesting to see if the company is 'adding' stock value or 'maintaining' the stock value, via dilution...
I personally think the former rather than the latter..
Gla
7s