Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"Funny how rampers never predict a bad RNS, even though almost every RNS for the past three years has been bad. "
And they keep going the same idiotic route. They pretend Orion was dumb enough to accept a 6p conversion while the market values BMN closer to 1/3 than half of it.
Disappointing results on all accounts! Vametco falls short, Vanchem falls short, dam issues, guidance cut, Belco can't find customers for their product. With that kind of results doubts only grow bigger with regard to how the company could ever get to repay its debts. Production falls short, Vanadium prices near two year lows, China steel production curbs in effect. As it is alway the case, the rampers' exuberant optimism was exposed. Nothing but lies and hot air to make others step on the BMN money trap.
That's watching a die-hard ramper dreaming. Inflationary costs pressures are significantly up, ignored. The Vanadium price has hit a two -year low in the 2nd quarter, ignored. If you believe these had no effect on earnings, dream on! Reality will be coming back to bite you.
A couple of green days in a row, that's an rarity. What I'd even more like to see though is a good REASON as to why the stock is up. As it is now, it's all due to hope and hype, nothing substantial. Let's see how far this can go and what happens when the next operational update comes out and disappoints like all recent updates did.