Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Cautious- you forgot to add the MMs also lower their price to “let their mates in on the cheap”
If there was a high demand for a stock the price goes up not down you muppets.
Yes market abuse and manipulation does happen, but examples like these are just ridiculous and childish.
Seriously you guys need to learn the basics of investing.
Rizzy- yeh it takes a while to filter in. When news like that is announced, some people’s see it as positive in that Kier will not go bust (banks will not force company into administration) and begin to pile in or maintain their positions. What they fail to realise is that does not mean shareholders will be saved, just like me and you found out the hard way in IRV. Slowly reality starts to set in, people start to sell out, big boys start shorting again etc.....
I hope you got your money back here.
Rizzy-main reason for the fall is the debt being sold which usually results in no equity value for shareholders. It’s a good job you
Got out in time.
Terrier54- please stop your baseless and pathetic ramps as they are baseless and annoying. If you’re very confident this is the last chance to top up
( you’ve been saying the same from when it was in the teens), remortgage your house and stick it all in here.
lolo I dint think they have a strategy and are in deep trouble hence the banks are wanting.
Their debt is higher than the 167m net debt. They are 2 different things for accounting purposes.
Cautious- there is always room for doubt but given he was correct in September, I’d say the chances of him being right are higher than not, which is reflected in the behaviour of the sp.One thing for sure is if they have hit a water gusher again, this will be to the 3p mark and all confidence will be lost.
I guess all we can do is wait rather than speculate on what dibeibe said ADVFN.
Upordown- the order book may stand at 1.5bn but it does not mean the work is going to profitable. It’s perfectly plausible the work may cost 1.8bn for example to deliver, which means more debt and write downs.
Second issue is the debt which is the problem here, and not the ability to win new work. Therefore any new contracts are likely to have a marginal impact on the share price, if any at all.
I think you have the wrong end of the stick here since no one is suggesting that Kier will go bust, and we know that WON’T happen. However that does not automatically mean there will be ANY value for SHAREHOLDERS.
The hedge funds may choose to convert their debt into equity and wipe everyone out, and if they think the company is making positive progress, this will be their preferred option.
Sea7- yes you’re correct the exact figure was never stated, which is what I said yesterday.
They said the target was 325 BOPD a day but the well had exceeded expectation of 1000 BBL a day which was also incorrect.
Positive impact on what exactly?
James- yes it is the case and the risk we all take, as you say. However it is a calculated risk based investing n the information you have, thus does not factor in lies, deception and fairy tales such as what’s happened here. This is why the sp is low. You know yourself once you loose credibility on aim, it’s very hard to get that sp back up, which is why the gas news and well drill didn’t do much for the sp. People want to see actual numbers now before they invest in BLOE, for which we are going to have to wait.
What’s the bad points you are referring to?
Bigboffer- at least we know why you are here now, for you this is just a gamble and nothing else. So why have you been ramping this like you fully expect no disappointment here? You admitted this is just a gamble and yet anyone who talks about the potential pitfalls here is a deramper?
For the benefit of the forum, this is what he posted on the KIBO board today:
“If you fancy a quick gamble over at BLOE now would be a good time as the SP has dropped to around 6 pence from highs of 17 pence and they are awaiting the outcome of their second oil and gas drill which is due imminently. If its good news then its likely the SP will make its way back up to the teens but if its bad news it may slip back to 3 and 4 pence where it was until recent weeks. Worth a 50/50 gamble if you like that sort of thing trying to make back losses at Kibo. Not a ramp and it could genuinely go either way at BLOE and might be worth a punt whilst things happen at Kibo. It worked for me but to be fair my stake was much lower than yours at Kibo. Worth a punt in my book if you have some spare cash and fancy a gamble”
James- yes but I have a lot of money tied up here for the last 6 months, so you expect me to walk away at break even? I’ve lost on other opportunities on this time and have had to put up with d**** like BIgBoffer so I need some reward out of it. Yes if things start to go really pear shaped and the statements turn out to be another pack of lies then I will have to sell out. I may average down at 5p if it gets there so I could pull out sooner.
Bigboffer I always keep it simple unlike yourself, and hope your “gamble” pays off.
Bigboffer- no I dont see where you’ve been proven right and no it’s called being factual and realistic, rather than your made up and fantasists ramps. You can give me 25p for my shares and I’ll dissappear, and you’re onto a winner since this will be 50p by Xmas :)
Pattsv-that’s not always the case. We saw shorts closing quickly on both IRV and Carillion and where did they end? There are many reasons why shorts close, not just because they light at the end of the tunnel. You have to remember shorting is borrowed stock so has to be returned at some point, so the institution could have called in their stock which means shorts will reduce as they buy. Secondly shorts close at different price points to maximise their average return. You have hsve yo remember that some of these guys have been short from the £7-£10 days so they have made a killing anyways, and given the time that has elapsed it’s likely the stock has been recalled.
If you think this undervalued, why are the banks selling the debt for 70p for a £1? Banks are not a charity and they don’t take losses that easily. They have had a team of experts going over the books for which they paid a premium for, and most likely this is what they have been advised to do.
The company may have strong fundamentals, however their biggest downfall is debt which virtually wipes out any equity value. Any sales now are likely to be fire sales.This is where the vulture funds come in, asset trip treble their money and p*** off to the next sinking ship.
Kier will still be here and continue to win work, however the ownership structure is likely to different.
Rbtrader- dint worry it’s the norm from bigboffer, he gets excited too easily. To be expected from a 13 year old school truant to be fair.
If you want to salavage any money, this is the right time to sell. Once the hedge funds are in control, they will burn everyone. You have real life examples in the last 2 years, and I don’t see this Edina differently.
Bynari- that immediately rang alarm bells for me when I read the RNS. Could there be a deal on the sideline with someone getting it on the cheap? Not much there to motivate the board to grow value, before exercising their options.
*which
Exactly cautious only facts count, who unfortunately are in short supply on this board.
I hope it all goes well for you and the rest of us, after all we are all here for the same reason.