Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Q, when Thames goes bust a state receiver should take charge and the normal laws suspended. By this, I mean that the financial creditors should get nothing so that the new entity is completely debt free. It's time the banks took some pain.They took the rewards, now they should absorb the risks.
I know the counter argument has always been that such an approach would mean they'd stop investing in the future, but that's utter balls. If they did that their own businesses would fail.
Let the buggers suffer for once.
I agree with that. The problem with state ownership is there's no incentive for people to excel. Management become lazy and incompetent and employees end up not giving a toss. There's also the fact that public service is no longer regarded as being something honorable and worthwhile. We've become a nation of grifters, ill-suited and mindless of other people. ( good generalization, eh?)
Having said that, I'd re-nationalize water in an instant. What's happened there is a scandal.
Actually, when I come to think of it, I also hate big business and the third rate, brown-nosing creeps who run FTSE companies. Governments spend far too much time pandering to these t0ssers, when in fact they should be roundly ignored.
That feels better! A good old rant always works.
SM, having spent a considerable part of my career working with private equity firms, I'm afraid I don't share your enthusiasm. The good ones are as rare as hens teeth.
In the early days of their existence in this country they tended to be run by entrepreneurial mavericks who were happy to take real risks and understood the need to stand back and let the management teams they'backed get on with it. Sure, if things went wrong they'd get involved, but it took a lot for them to boot the management out.
Over time these people were replaced by tedious accountants/ management consultants, most of whom were barely out of nappies. They were/are, arrogant and ignorant and have very little understanding of the businesses they own. When things go right they love taking the credit, if it goes wrong it's never their fault.
I could write a book about this part of the financial services sector and it wouldn't be favorable.
Eloro, Nal's rumour originated in Mining Journal and was posted here by TI and it was no more than a single throwaway comment in a long article. People on here had suggested the same thing weeks ago. In fact I can't think of a single scenario which hasn't been aired here. One of them is bound to come true.
Darren, in this instance, I think a very large bucket of salt is required.
I sincerely hope I'm wrong, but experience should teach us that whenever someone appears out of the blue on these boards claiming to have inside info, it's invariably a wind-up. If this chap really is in possession of such information, I'm not sure of the wisdom of broadcasting it on here.
We all know something's on the way and the recent speculation may force the company to reveal something. Let's hope it's of real significance and we see a long-lasting reversal of our fortunes. This board will be a lot happier place once everyone has greater confidence in their holdings.
Because there wouldn't be any shares to buy. I would have thought that was obvious. I suppose if the market didn't mark the shares at offer price there would be an arbitrage position, but I'm pretty sure directors can't do so.
Eloro, to be honest it's come as a bit of a shock.
I agree about about that Truffle bloke and why we've retained an adolescent to run our IR is beyond me. Maybe he's at junior school with one of Caldwell's kids?
Just scroll back. The first post from TheItalian contains the link to the YouTube interview. It's really worth listening to as it contains all sorts of interesting nuggets. In fact, it's the best interview I've ever heard from one of our CEOs. It also contains his very odd comment about 30 cents.