Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It depends what you believe. I think the NOMAD would only resign if there was fraud. As I said, I don't believe there is fraud. Also, the company can continue on for some considerable time on the recent placing. But eventually, the cash flow issue must be resolved. If/when it is resolved, we have an instant 10 bagger. If not, it will eventually kill the company. But not for quite some time yet. There is time to resolve the problems; I just hope they are on the case.
This share is a real nail biter. This is why it is interesting (in my opinion). We all know about the terrible cash flow. And we all know about the danger of AIM stocks. And so the market has drawn a conclusion which is:high profits but terrible cash flow plus Chinese equals fraud. The question is this. Could there be an exception to this rule? In my view, there could well be an exception. If a genuine company were supplying large builders, who themselves carry illiquid stock (houses), they would have no choice but to accept the terms of the builders. The builders will conserve cash as long as possible and refuse to pay suppliers until they are selling their stock. The companies that supply them would have very little choice but to comply. It is similar to Tescos driving their suppliers out of business with low prices and extended payment terms. To me, this adds up to no fraud. The company is however distressed. But being distressed doesn't necessarily mean the share price should be obliterated; though it would definitely fall hard. So my conclusion is this. Firstly, there isn't fraud here. I therefore believe TW is wrong. I also believe there is no reason for the NOMAD to resign. We know that they have sufficient cash for another year or so from the placing so there is no reason for any imminent danger of collapse. That means it is a waiting game. We are waiting for their customers to sell houses and pay their bills. Every time the PBC lowers interest rates, things should gradually improve. I think there is year's margin of safety. If the housing market recovers, so will Auhua. If it doesn't recover in 12-18 months, then Auhua will need another placing or it will be history. A year is a long time in the stock market! I think the odds are pretty good that it will all turn out fine. I have spent a lot of time considering this and I wanted to be in a neutral (no shares) position to consider it as I know how biased our views can become once we are 'in'. I will be re-investing in the future when I think the time is right.
These trades are most likely block trades. They could be up to five days old so will have no bearing on the price today. What effect they had is already in the price.
No 300,000 sell this morning? Selling over? Hmmm
Igindex have quite a lot of aim stocks. Try a demo account and see what is there. I don't recommend spread betting or cfd trading though. I think it is the road to poverty. Way too dangerous. Much better is a program called share scope. It really helps pick winners (but it doesn't work for AIM as it relies on honesty from the accounts which is not always a feature of AIM!).
Please explain why you see the trade and we don't. Thanks.
How did you see that trade. I can't see it? But yes, that sounds right. Worst price of the day too.
Oh I see what happened. The subject was meant to read "share back up?". Just a typo.
I didn't. Must have misread it. I'll go back and check what I said.
And no, I am not back in. Can't trade in and out with this spread unfortunately.
John. My sell is still not showing. To be honest, there are a LOT of trades today that are being hidden from us. Including my own. It's all part of this mysterious share.
Wow. Looks like I may have screwed up. Let's see what happens. Lots of mystery here.
On a general note, the other stocks I watch on AIM all seem to be getting wider and wider spreads. The whole market seems weird to me. And HSBC reported better then expected results today....and the share price is falling. The wider spreads on AIM (if true) seem to be a sign of liquidity drying up. This too could be affecting ACE. Maybe a general distrust of AIM developing? Whatever, the whole market seems horrible at the moment. Seems like shorting is the only way to make any money (which I don't do).
All true. I will be keeping a very keen eye on this. Whatever happens, it might have a few lessons to impart. I want to see how this pans out.
Have you ever read a book by Jessie Livermore? He was an astonishing trader from the thirties. To quote from the book "if the share ain't acting right, sell it". With everything we know, this ought to be responding. I don't know why it isn't. The trades that are going through are odd aren't they? We have this persistent morning seller followed by a matching buy later in the day. In truth, I don't understand what is going on here. The share ought to be rising. But it 'ain't acting right'. I am out because there is something going on that I don't understand. That's it really.
I am out. I won't be commenting other this post. We all have to make our own decisions. Good luck to all holders. With all the info that is public, this ought to be a ten bagger. And I hope that this is exactly what will happen.
It's hard to see why a non genuine company would be applying for patents. Answer: they wouldn't! This was just last week.... http://globalipnews.com/?q=Auhua Weihai Auhua New Energy Applies for Patent on Split Type Solar Device with Nanometer Self-Cleaning Flat Plate Collector and Interlayer Heat Exchanger NANOTECH | Mon 26 Oct 2015 Beijing, Oct. 26 -- Weihai Auhua New Energy has applied for Chinese patent for split type solar device with nanometer self-cleaning flat plate collector and interlayer heat exchanger. Chen Anxiang developed it. The patent application number is CN2014182050 20140307. The patent publication number is CN103900269 (A). Internatio..
I don't think it will be institutional. I am actually hoping for something far bigger. Some director buys. That would be a game changer. It would make all the difference in the world.
Just keep on eye on the late trades (if any). I am pretty sure there will be a million bought.
No, a sell. But someone is mopping them up. It's getting interesting now.