Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Krusty
I think your reasoning is sound, this is a risk when dealing with the public sector, but I still believe the board 's story/explanation, and also the fact that they are seemingly building a steady business for the future.
If they go under 20 I guess I'll be tempted again...
So it appears that about 200,000 shares were sold by a director to cover his tax liabilities, after some of his shares vested according to an rns today.
There certainly was a persistent seller this week.
Nevertheless the modest bounce back is reassuring to me as when you keep averaging down each day you, (well I do), start getting rather windy...
Not wishing to be a PMI bore but this drip drip drop every day is becoming like Chinese water torture.
The only upside for me is that my limit at 89 was not filled last night so I only had to pay 88.3 today...
87p tomorrow I wonder?
There has to be a large seller here because buys are being filled just above the bid price.
But no TR 1 yet.
One thing that gives me confidence is the major shareholders list, always good to see Slater as a large holder on a small company, his record is better than most, by & large.
Gents, thanks for your thoughts, I saw the woodbois myself but assmed the people taking losses on that would be holders of the fund/trust, not PMI shareholders?
A slight reputational risk, sure, but every investment collective has a few duds in it, even Smithson...
My main fear is that, even though I came to broadly the same valuation as Sisyphus, what does bother me is that betting against "Mr Market" is often a dangerous game as he is rarely wrong.
However the more I look the less negatives I can see so I guess I will add again and just hope Mr Market is having a bad day today.
Sisyphus
Point taken but it is the only TR1 this month from what I can see and there has been reasonable turnover most days which makes me wonder if something is going on of which we are not yet aware.
Nevertheless the lower they go the closer they get to the bottom...
In fact perusing the RNS it appears the seller is the Eastgate Court Trust, which is apparently the trust which controls the Premier Miton employee share benefit trust.
It could be that the employees know more than us or perhaps a large beneficiary is raising money for tax etc ?
Sisyphus any thoughts ?
Shaperite/FD
We do indeed all understand the serious straits Mars are in, but the fatuous noise from the apparent rampers prominent on this BB always studiously avoids the debt, clearly most people do read both sides of a balance sheet but I guess their exercise is to pass it on to the greater fool theory ?
I can see no other reason why people come up with nonsense numbers not even good enough to write on the back of a *** packet to try to tempt some poor ill informed punters in to the stock.
It really is a sad way to invest, trying to flush in ill informed punters, but some of these characters who post their regular puffs appear to be quite shameless.
Sisyphus
Very true, I bet M&G would love Premier's performance record, not that they would be the acquirer, far more likely someone takes them, but your point is well made.
PMI is a very cheap stock, all we need is patience (& a bit of luck).
I was quite encouraged, better than I had feared tbh.
Best part about the rns to me was that 76% of their funds are in top half of their respective sectors.
I have dipped my toe in to average today as I'm guessing that the divi is looking just a little bit safer