Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
As crazy as it might sound right now, but we should see circa 40p come first oil and a decent flow rate. The hard part will be holding on for that price with all the profit and sp volatility! I'm still in the red right now with an average of about 6.3 so early days still...we are not far away either. Don't shoot the messenger! GL
This was expected to be honest, this reason we are this far is because of backing from people who bought in at 10p previously; the same people are being given a chance to buy cheaper and help us with this final stage. Seen it all before and I'm sure I will see it again. I will happy to see the RNS stating placing completed and full funds raised.
Of course they could have done a raise at a higher price (completely possible, with slight tweaking of the EL RNS wording) but then that would be 'mate's rate' out of the picture! lol
Good news is, although, the ship appears to be taking water, it will not sink! However, we do need to get through this turbulent and uncertain phase to keep riding the waves. Once we know how it will all be funded we can then ride it out with better ease.
The joys of AIM, the very reason you can make multiples on your investment. Hold tight and don't get blown overboard...
Word of advice which may help some; it can be frustrating to see the sp at these levels especially after the recent RNS, however, the 1 pence or 2 pence price action is really neither here nor there in the bigger scheme of things. Of course, it is of concern should someone need to cash in short term for whatever reason.
Ultimately, the sp for this company will reach heights where daily ups and downs at these levels will make no difference, people will look back and think 'damn, I should have bought some more!' Also, don't forget, when it does come to selling, calling the top is never easy and at that point when you are in good profit this 1p or 2p will seem negligible.
That's how i see things and learnt from experience over the years. Frustrating, to say the least, but catalysts need to be align and fall into place, that takes time and sometimes luck. I will hold until this time next year, maybe top slice around 14p but will try and buy back on dips to increase my holding. I'm here and will wait for the £1 party! Crazy as it seems now, one more oil strike next year and....
Good luck all and may patience be with you.
Wait for the price as action in the afternoon when it blows; it will still be worth buying when news soon comes of the selected partner to take this all forward! I can't wait to find out who the lucky selected partner will be! Good luck and PATIENCE, PATIENCE that's what I keep telling myself :)
I agree with you Simon, I doubt it will come anytime in the next few days. Could be anyday from now, tomorrow or in the next three months. Nobody really knows, we can only hope it's sooner rather than later. I remain invested only because MB remains in charge.