Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I've been in this share for a long time and like many, have been underwater for some time, but i've chosen to top up and average down for a couple of reasons:
- The deal with Joe looks like it could be a positive. £25m T/O with a huge audience - this is what Iconic specialsie in, commercialising audiences. Looking at Joe's staffing on various sites, they're incredibly top heavy, i'd assume cost has been why it's ultimately plunged into administration... stripping out cost wouldn't be too challenging.
- Half of the Joe senior management have started following Iconic, including the COO. This can only be a postitive sign.
- With a company like Joe under the wing and ultimately Mcap should increase, this does 2 things...
1 - Makes it more attractive to II investors, which could arguably look to take out the fund's existing £1.5m left.
2 - Could multiply the sp, which favours shareholders clearly, but also at the same time, increases the VWAP. If we get this to a £5m mcap company, c. 7x from here (big ask i know) the next 30% tranche pretty much wipes out the £1.5m left...
Clearly, nothing confirmed and plenty could still happen, but this is what's going on in my head and hoping there's a few multiples to get out of this to say the least!
Take from it what you will and only invest what you're willing to lose... as with any share!
Jay, have a look at it. the reason behind it is fairly simple - the company isn't in a "huge" sector. It could possibly be fairly easy to work out. The 6 weeks is a paid service, rolling into a 12 month agreement, i assume if everyone's happy. If a value is disclosed at this point it could put the deal in jeopardy, as it would take a BDM with half a brain to work it out and ultimately try to undercut during the trial period. I suspect we'll see the value of this in 6 weeks time when everything ok to go ahead.
This is how this sector works, hopefully there's some insight for you there.
Hi Andy, retour de renard, king tutu, any other aliases.
Back again i see, trying to trash the business you tried to get in with but they rejected you and now you're just de-ramping at every opportunity?
You're incredibly transparent. Just go somewhere else.
Sorry, maybe you misread - i said they couldn't answer it was for the right reasons... i.e. may be price sensitive. Can't divulge client names as competitors would be on the phone to them instantly (typical tactic in many b2b sales environments)...
We gave them some insight into shareholders thoughts re communication and i think they've taken it on board. RNS isn't appropriate for Q&A's in reality. That will likely move to their website.
I suspect we'll see some stuff good imminently.
From the conversation I had, I believe that there would be penalties, but not sure exactly what they look like. I also understand the fund are being reasonable (Surprised me as much as anyone) as to looking for a solution. Inevitably, issuance wouldn't be until prospectus anyway and i don't believe the sp will be around this area by that time so it would be a moot point.
We did quiz around why they hadn't bought in yet and the rhetoric was that they believed the natural time would be a placing in future or a share scheme, albeit there are some listed market regulatory challenges for this. I think the reason is inevitably to be tax efficient.
Let me be clear... I didn't go to the AGM and sit quietly, everything that has been raised here or in the past through other channels was targeted, discussed and where an answer was given, scrutinized, or where it wasn't possible, it was for the right reasons.
Hi ihavenoclue. It's a tricky one as they can't confirm anything.... as it's not done yet. You have to read between the lines here... as you say, it's not in the funds interest for the issuance to be at the current sp. I believe that they're trying to structure a deal however it may look which may be beneficial to both parties. What that looks like, your guess is as good as mine at the moment. Sorry to be so vague.
Angela you do have a very high post count on AAOG which would tell you’re not the biggest fan of Sefton, which I understand. That would lead me to believe you don’t hold here either? No point trashing another stock, different ball game.
I genuinely felt quietly confident after the meeting. Whilst no ‘outright’ confirmation given as you’d expect, I feel January will be good with the launch of GSN. The site currently has 1m monthly hits from legacy Articles etc and hasn’t been updated yet. This is a great opportunity for programmatic revenue. The previous structure of GSN shared revenue with the outsourced company who helped, so bringing it all in house could be fairly lucrative. To add to this, the tech and framework behind GSN will allow the business to create new partnerships/acquisitions/publishers without the need to build from scratch, so it’s imperative it’s done right the first time - Jan launch.
Plenty of pipeline from what I understand - a mix of small projects, consultancy and long term retained work. It’s a seasonal business so Q2/Q3 are always the most fruitful as it’s planning for Christmas, but still plenty to go before that.
Q1 in my opinion will be a big one and set the tone
Yes of course, ask away.
1m contract still in play - all terms and scope of work is agreed, just waiting client sign off. Still a huge sum of money which is why it’s believed to have been not signed yet - but still regularly in touch with and I understand it’s mission critical for the co to implement so it’s still there.
You’ve just exposed your identity by saying this. Hiding behind a 2nd username to criticise this company. Pathetic, retour de renard, king tutu and any other usernames.
Sheffield is easily accessible via road and train, right on the M1. Manchester is more challenging to get to. Of course, this is just my assumption but it’s easy to be both critical and optimistic...
Check it out for an update... http://www.oraclepower.co.uk/about-us/our-development-process/