Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
My 1st reverse 10 bagger from £14k to £1.4k but its OK as GCM made up for it and the irony is the recent rise came because of a coal contract with China. I tried to keep things clean but ...
GCM isn't a recommendation as I got out at the peak as I don't trust them as much as I trust the CWR management and thats just plain stupid. Why is that?
Looks like they had a lot of typing to do so the Quarterly figures will be tomorrow plus all the other news which has been building for the past months which should show a bright future.
The quarterly figures with a similar production could be $3-$5 million net as not much change in the basket price but if they brought everything on line during the quarter we could see a boost. Basket price it seems to have reached a bottom so looking forward to what they have to say
And here's some reasons why you should hold imho.
Commissioning of the Lannex fine grinding circuit expected by the end of Q2 FY2024
"The Thaba JV civil construction works expected to commence in Q2 FY2024.
An updated MRE statement for both Volspruit North and South orebodies is currently under review. The PEA for the Volspruit project, along with the results from the metallurgical test-work are expected during H2 FY2024.
Lesedi back-up generator installation is progressing and scheduled for commissioning during the latter part of Q2 FY2024.
$5M net profit for the quarter
I'm out but then I was always looking at the PGM price to guide me forward but I'm ready to jump back in as there is a safety net which will surely come into play and thats the net asset value of each share. The liquid assets value is roughly usd 184m in cash and receivables thats approx 56p a share and total assets of usd250m equates to 76p a share without goodwill and stock and other current and future explorations
It's actually an Arbitrage opportunity
The cash pile is dwindling away - The Company have to change some of their policies. They hold their cash in ZAR and that is just going one way against the mighty dollar-in-war, last adjustment was 15% loss and the next one will be even higher. They also make adjustments against prior sales; if the price of PGMs falls/rises they alter the already invoiced sales, at the moment they have a huge downward adjustment to make that will actually affect the profit they have already banked in their quarterly figures. They need to cease this policy as it does nothing to encourage debtors to pay and many are taking over 100 days to settle whilst presumably benefitting from lower prices. They need to make strict payment terms at fixed prices. They have cash to see them through for a while so why not cancel the share buy back too? and if the PGM basket is below break even, which I believe its on the brink, then they should think about taking a holiday after all they deserve a break. They should also let the market know how they stand.
Shows you just how far this share has sunk when tipsters use it to pump …. 86p on 22/6 and today ?
Missed a bullet it seems?
meanwhile SLP is in some trouble with its outstanding debtors who are going be re invoiced are a huge discount for purchases in the last 3 months. It’s a policy that doesn’t work when the prices collapse.
Friday is the AGM so news will follow the vote for de-capitalisation. That will free up funds to pay dividends (£24.5m in 2023) so thats another £14m to be paid. So why the worry its all going to happen after Friday
The magician takes a handkerchief from his pocket it has 'Basket $1443' written on it he places into a hat, he takes another handkerchief from up his sleeve it has 'Production 17.6k oz' written on it, he places that into the hat and waves a magic wand over the hat and says the word 'disappear' there's a 'puff' and a 'pow' and just like that $40m vanishes .
But wait ...The recent relogging and additional sampling data collected at Volspruit will be subject to an updated Mineral Resource Estimate ("MRE") during Q4 FY2023, which will include a rhodium resource over 100% of the project area.
The $40m reappears and the magician takes a bow ..... hopefully
I read the last RNS and it says that we have to wait until after the 30th June AGM before future dividends can be paid. They propose to add the share premium capital funds to the available current assets to enable dividends to be paid. It should be a formality and we will get our hands on a pot of cash thats only use is to make creditors feel at ease.
Once upon a time, in the small town of Stalham, there was a struggling soap manufacturing company called Medichem International Ltd. Tom Allsworth, a determined and ambitious entrepreneur, was the owner of this company. Medichem had faced numerous financial difficulties over the years, ultimately leading to its dissolution in 2018. The creditors of Medichem, who had invested their hard-earned money, received a mere 11p in the £1, leaving them disappointed and disheartened.
However, Tom Allsworth was not one to give up easily. While his soap-making venture had faced adversity, he still owned the factory on Stalham Business Park, which he held under the name of Walbrook Investments. With a shrewd mind and a keen eye for opportunity, he saw a chance to turn his fortunes around.
In November 2021, Tom decided to rebrand his property venture, renaming it Medichem Properties and the Business inside the property to Medichem Manufacturing Ltd - he dropped the (international) as that had been dissolved. This strategic move allowed him to distance himself from the soap-making debacle and lay the groundwork for his grand plan. He had a vision that would change his life forever.Unbeknown to many, Tom had been in secret negotiations with another business he owned, Revolution Beauty, a rising star in the cosmetics industry. Revolution Beauty, known for its innovative products and captivating marketing campaigns, was seeking to expand its operations. Tom saw this as the perfect opportunity.
In October 2021, Tom struck a deal that would astonish the business world. He sold Medichem Manufacturing Ltd to Revolution Beauty for a staggering £23 million. Overnight, he went from the owner of a struggling soap maker to a multi-millionaire, leaving many astonished by his success.
The news spread like wildfire, and people couldn't help but talk about Tom Allsworth's meteoric rise. Some hailed him as a genius, while others criticised him for his seemingly effortless transformation. It was a tale of redemption and resilience, with Tom emerging as the victor against all odds.
Tom's clean break from the soapy past and his triumph in the cosmetics industry left a lasting impact on the town of Stalham. The factory on Stalham Business Park, once synonymous with struggling soap production, now buzzed with new life and opportunity. Revolution Beauty injected fresh energy into the area, creating jobs and revitalising the local economy.
As the years passed, Revolution Beauty thrived under Tom's ownership, becoming a global sensation. Its revolutionary products captivated consumers worldwide, solidifying its status as a leader in the beauty industry. Tom's audacious move had paid off, and he revelled in the success that he had achieved.
While some may question the ethics of his journey, there was no denying the dramatic and exciting story of Tom Allsworth and Revolution Beauty. From the ashes of Medichem's demise, Tom had forged a path to greatness, leaving behind a legacy.
All the dreadful tidings have yet to be unveiled, as we anxiously await the unveiling of the interim results. It has never yielded any profit, so why should the forthcoming figures deviate from this pattern of failure? They cunningly acquired a business for a staggering £27.5 million, which, on the surface, appeared to be worth a mere £7,000. Medichem shared the same address as numerous subsidiaries of Rev Beauties, all entangled in deceptive transactions and artificially inflating the stock price with fabricated turnover. There exists no genuine profit; it's all concealed within the labyrinthine 134 pages of "let's shield ourselves from prosecution"... The impending interim results will deliver a devastating blow, guaranteed to leave us reeling. I am convinced that if the stock ever returns to the market, it will be mercilessly dumped at a pitiful 4p. I haven't witnessed such a audacious heist since the days of Polly Peck (now, that surely reveals my age), reminiscent of a Ponzi scheme. Sustain the illusion of a thriving business, and in the absence of real stock, fabricate it and sell it to ourselves... If things go awry, we will have rewarded ourselves handsomely, allowing a swift escape through the backdoor. How can they possibly evade justice in this day and age of 2023? The allure of their brand lies in its low price, specifically targeting vulnerable schoolchildren, driving sales to soar and the stock to ascend, for revenue reigns supreme. It's all meticulously documented within the accounts, and if you trace back to the pre-floatation era, you will discover a history of continuous losses. So, a mere 4p for me. Don't pass judgment until you witness the unfolding of the opening day... if it ever materialises.
Does anyone else have great expectations in this weeks figures? Net profit £150m perhaps?
If history repeats itself then this stock will be controlled by the broker who has to account for purchases limited to 25% of the daily turnover (if possible although who's counting?). He can also, as he did before lower the price after naked short selling. He has a $10m order in his hand so starts fulfilling the order at 90p whilst holding the price up until he buys all the stock needed and then and drops the price to 79p which causes a panic and then scoops up the stock he has sold to the company. The stock rebounds back to 90p. - OK it sounds far fetched but look at the history as long as the broker balances his book at the end then no one is the wiser. Just get ready at 79p ... if only.
Bang is totally not in this share and you’d think he was shorting, but he isn’t … he is a square peg in a round hole and who knows why he is posting here? You get your money back in dividends and this ain’t going to crash - look at the fundamentals .. a fire sale would give you a £ … they are going to buy back your fear at below 88p … it’s so obvious that this is leading to a buyout
Net profit to date $38.74m add the final quarter based upon todays assumptions 18.0000 at 4e Basket 2100 and Quiggers looks bang on at $48m as the top end of an estimate. But there’s not going to be a profit warning like there wasn’t an exceeding expectations either over the past 2 years.
I'm over the moon! .......as I said days ago "Should Q3 turn a profit of $4-5m this quarter I will be over the moon knowing its just a blip... imagine $5m profit during the worst trading period over the past few years and then seeing PGM's jump 10% since the accountable day. 4E Basket now $2000 and rising with Platinum going for new highs at 65% of the basket and 37% of the $value." Now Rhodium is picking up again everything that was wrong with Q3 will benefit Q4 .... can't wait for the news and MRE which is promised soon.
The Group maintains strong cash reserves to: allow funding of capital expansion and process optimisation projects; upgrade the Group's exploration and evaluation assets; and return value to shareholders.