Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Whirlaw, i certainly don't understand the mechanics behind insititutions and their decision making but surely, if we are expecting material news by end of March, they'd be crazy selling now! You'd like to think there's a human making the ultimate decision on such selling.
I know, it already seems like my prediction of sp bottom has failed miserably.
It seems like Blackrock cannot see any short term impetus.
Failure of original company strategy i.e. production continues to haunt us imo
Dare i say it but i think we might have now hit rock bottom with regards share price! And for once i am looking forward to the presentation next Tuesday, it should contain a little more info than the usual waffle with monitisation and Malaysia in mind.
Onwards and upwards...
Let's keep our fingers crossed Whirlaw. Wasn't aware of that Jadestone purchase but I'd be delighted with something along those lines and for that cost. Anything from existing cash resources would be prudent, start to use up loans or dilution would no be in my opinion.
We live in hope...
Absolutely Terry. However they fund any acquisition it's never free money and will come at an immediate cost to the share price and/or to the companies long term prospects through debt.
I've invested in some real stinkers overtime but this one is close to the top of that league for me.