Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I think the main issue in the forseeable for many PI's is the lack of IMMINENT sp catalysts. I can't see us getting any more substantial updates from the therapeutics side for a few months, hence my comment earlier about the sp slowly getting lower. It happens each time and each time it happens, the boards have their usual rampers (and derampers) claiming it won't. Remove the rose tinted glasses, the therapeutics business has lots and lots of potential, but don't expect £1+ in this half of the year. Learn from mistakes, as I am trying to do.
Doc if that is the case then I would expect the SP to go nearer the £10 mark. EUA and orders would be absolutely incredible if its all packaged in one RNS. Not holding my hopes up for this, potentially 3 different RNS's over a 4 week period though.
I remember just before PII when people were guessing the SP. Many expected it to reach £1 from 35p, it did that on the bell (and I sold thinking I made a killing) only for it to continue to rise past £2. If we only get PIII results (and they're good results), then I expect something similar. An open around the £4 mark followed by a steady rise to £5-£6.
Its not long now, lets see.....
no one knows anything, its being pumped and it will inevitably be dumped.
Probably the most obvious price action today. We were never going to land an RNS today, the hype last week was unfounded, mainly based on a website update (lol) and -5-10% was always on the cards today. This is then followed by deramping cretins talking about selling on the bell etc...its all so very predictable.
Where is MB these days ?
LOL, this reminds me so much of the phase 2 results. People have made up their own dates in their mind, the RNS doesn't land, the SP dips and the same muppets are talking about delays into Spring!!! Its genuinely hilarious.
Excellent buying opp for anyone that hasnt loaded up, happened before phase 2 and its just about to happen again.