Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Price moderating extensions more like.... I'm willing to bet a fiver we start off with some positive buys up to just below 10p then end the day where we started off, quite possibly aided and abetted by a couple of 'price monitoring extensions' . The only difference will be 4 times as many sells as buys.
Yup, Groundhog Day yet again. Apologies for being a bit annoyed and suspicious recently. Those that know me know 95% of my CHAR posts are optimistic and supportive. I just find the CHAR v2 approach to communication whilst eloquent and genuinely inspiring, is not matched with action and realism. More worryingly the price is going up slightly but sells greatly outnumber buys for the last few days. I'm not getting out but someone is or some people are.
I do see this as a new venture and CHAR v2. I understand the magnitude and the complexity of the deal. What I don’t understand is the presupposition of immediacy and expectation set by management for it to then drift aimlessly into radio silence. Does the CFO think by saying a X10 share event is going to bring in a flood of money on the back of disappointments and broken promises. Char have to earn back trust and you don’t do that with inflammatory promises and little material action. I’d prefer more realistic timelines and proofs along the way. The approach, particularly from the CFO is naive and misleading. Not good.
I was hoping for something more like a quid tbh. I rewatched that presentation. It was very good. I do feel that when AP said they we hoping to release news very shortly about a partner, that he was suggesting in his language a matter of a few weeks. That was on 14th Jan. I get the feeling that the big fish got off the hook (again) and they are back in hunting mode. I wish CHAR would adopt a more mature approach to setting expectations and move towards an under promise over deliver mode. Yes, short term they may hook a few new punters in, but long term they will raise caution and cynicism with the big money players. There is absolutely no sign of II interest and the average trade size is and has been pitiful for many months. That’s what you get when you press the hope button too often and too hard. I am long in this share and have been for over 10 years. I’m not budging, but I’m getting pretty p...ed off with wind-up. Maybe a cheeky offer is better than sweet FA? LOL
As yesterday, the sp went up but there were far more sells than buys.....if they are being reported accurately. You could argue that someone is being let out. I certainly hope not and that the change in sp action that started yesterday morning is a sign of news making itself way to the surface. Fingers crossed.
What ever it is, I'd like them to hurry up to maintain credibility. As I have stated before, I like Char's new look and new direction, it's very exciting. What I don't like is the CFO making huge and energetic claims of an imminent X10 share announcement, accompanied and an avalanche of impending reportable announcements.....and then disappearing for a significant period of time. I think it's immature and misleading. I don't mind waiting but I'd like a more accurate portrayal of the reality. If Char requires more time than expected, for whatever reason, let us know and tell us how you how you are addressing it. That would create more confidence than just going quiet.
Thanks DP, very useful. I was hoping someone would do the maths and shed some light on the reality of a somewhat inflammatory headline. I'm looking forward to listening to the full investor call. I'm sure there was a lot more information provided that that one phrase.
So many buys misreported. It happens so often you almost start to believe they are being deliberately misreported. Setting a falsely high Ask makes many buys look like sells. Is this allowable within stock market rules?
About 350k at an average of about 35p. I first got in late 2009 and added prior to Namibia spuds. Got in again prior to Rabat hoping to sell into a pre-spud rise that never really happened.....so yes, quite a wait. Half of me is pretty confident this is going to be a winner, the other half is hoping this won't be another disappointment. Above all I really like the direction CHAR is now heading in and really like the switch into transition and green energies. If Morocco goes well, neighbouring drills in Brazil and Namibia are successful and we can sell those blocks at a premium and new solar and wind ventures take off, CHAR could end up being a life changer. Feet on the ground (as an old Char-dog used to say) I'll top slice at 35p to retrieve my investment and let the rest climb the stairway to heaven, if it exists LOL
Nicely put Whimax. Spot on in my view. I really don’t think complaining on this board will speed anything up or inspire new investors to climb on board. I have a lot of money riding on this and I’m sure there are others who have a lot more. As hard as it is, I really think this is not the best time for putting the boot into the board, who I’m sure have as much to lose if not more and are working on this as hard as they can. This is probably the time to remind ourselves of recent progress and the fact that CHAR has not been in such a strong position for over 10 years. I really appreciate you voicing your concerns to the board via email SHC. I think publicly we would probably serve ourselves better to keep a lid on our concerns during this particular passage of time. As a public BB, of course anyone is free to say what they want, that is their right. During this wait period, for true investors, biting down on the leather and seeing it through is probably the best policy.