Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Jeez louise JN really knows how to pick em! Didn't Vela accidentally invest £300k in this lot - what on earth did they do in terms of due diligence? At least it was (ironically) enough for them to cover their fine for misleading investors
"Marcus Nicholls, another retail investor, told City A.M.: “I don’t trust the directors at Truspine.”
“These directors misinform the market at every opportunity; about financing that never arrives and FDA approval that never comes,” Nicholls claimed. “Norman Lott and Laurence Strauss have to go.”
Aquis has previously penalised the company for misleading the market. The firm was fined £215,000, part suspended, in August last year after the exchange found it had misled investors about securing a loan, which had a charge over its assets."
I hope you’re right – although I’m as sick to death of watching this hit new low after new low as everyone else I don’t really believe the BoD are sat drinking tea and looking out the window, they’ve got to have some kind of plan in place or be working towards something don’t they? Surely? That thing where they nearly got hold of 15 million quid does at least show they’re doing something even if it didn’t come off that time. Maybe they’re approaching other parties with deep pockets to drum up some £ to spend? God knows the current investments aren’t going to provide it.
These 100/150mil dumps have been a feature of the last few weeks as someone with a substantial holding makes an exit - it's surely stopping any chance of any sort of tick up even if the CDT price did take off - which it shows absolutely no sign of doing
Couple of juicy £6 buys have lit a fire under it
I'm looking forward to a good old fashioned p&d on this to make us all believe there's life in the old dog yet and get everyone excited for a couple of hours. Been a while.
Go on someone, buy some, I dare you (it's not going to be me - I've done a little averaging down this month already)
Bleurgh. That's a biggy. Joe Bloggs or Jimmy finally had enough?
The only break out you'll see here today is Brent breaking out the fancy Friday biccies around now to enjoy with a nice brew and a chat with his old pal JN. Lazy today for the chaps I imagine, sit back and watch the CDT price with everything crossed
Small top ups / averages down are tempting at this level though - most people still hanging in here know everything there is to know about this share, so we know that the ultimate danger of it going under is highly unlikely due to the very undervalued mcap. if it ever got really bad they could flog large chunks or indeed everything. We'd probably all be better off as a consequence. But I totally agree, it's hard to see what's going to light a fire under it other than a run on CDT and the board just cashing in their chips. Even if it only reached $5 an RNS saying they've got $5million to spend would get things moving
Based on the price being around the ATL, 0.012, I think it's safe to assume they took a fair old hit.
All we can hope is if that's what's been contributing to a suppressed sp that it's been cleared now, goodbye to them!
With not a single share owned between them
Yeah that's definitely a concern, if hypothetically CDT suddenly bounced to $10 and they sold the lot for a $10million+ windfall would anyone trust them to reinvest it sensibly? On past performance I don't think anyone would.
That thing in the Feb quarterly RNS about the potential £15mil injection from the third party did mention them “amending the Company's investing policy so as to concentrate on the life sciences sector” which is the first time they’ve mentioned potentially changing their MO (although I vaguely recall something about Laiker wanting to change the investment strategy a while back but it was just in passing). Problem is, since when was that their speciality? One lucky hit on the initial SGSC investment does not an expert in life sciences investment make…
What we need is Jimmy with a bonkers uber-ramp to get things moving. Perhaps with a new rumour that's he's got off someone in the pub, .1 by the end of next week etc etc
Yeah it's all a bit miserable watching it continue to drop. The Vela Experience. Not even crazy Joe can be bothered to come back to rant on here under a new pseudonym - perhaps it's him that's been selling 20mill chunks every couple of days.
Just as a little experiment have a think back over any small cap you might have invested in over the last 3 or 4 years and that you then sold. I've just done the same and almost without exception they're 80 or 90% down on where they were a couple of years back. I'm certainly not making excuses for the board here but either this means that I pick terrible investments (entirely possible), or else it's a case of the AIM / small cap market being a bad place to hold long term or maybe it's just going through a bad period post-covid and with the macro situation so poor. Anyway, back to work I'm not making any money here that's for sure.
Nice to see a few half decent buys today, though not reflected in the sp . Certainly more volume than usual, couple more of the mysterious 666 (10p) transactions too.
Yeah I think around .013 was all time low previously, been bouncing off that for a few weeks but seems to have punctured it now. Makes it difficult to decide whether it's worth averaging down again, knowing as we do that this is actually undervalued (unlike most shares where people say it's undervalued, this genuinely is) or whether the sentiment is just so rotten that it'll struggle to ever properly recover in which case it's just good money after bad. As far as we know it's just a wait now for CDT to hopefully rise and the BoD to take the decision to cash some of them in. I don't think they've got the luxury of waiting until it's $10+, we know there's nothing in the coffers after they did that £50k raise tuther day
CDT's a volatile beast isn't it? Spike up towards $4 just now then drops back to where it was. Would be nice to see a steady increase there, seems like our only hope at the moment as long as the BoD decide to sell some at the right time
Noticed this yesterday too - think there was a 666, a 6666 and even a 66666 yesterday! Very odd.
No doubt someone somewhere will tell us it's a clear 'buy' signal from the MMs and something incredible is about to drop.
I'm not entirely sure how throwing more and more money at a share that's dropped by some 90% over the last couple of years could be considered a no brainer although I concede that it's definitely undervalued, in a literal sense. It's just there's no news flow, the only thing of interest for the last couple of years has been the SGSC/CDT business which produced nothing more than a brief p&d, a failed attempt to get involved in that £15mil scheme and a steady dwindling away of value in the rest of the portfolio/selling at low prices to keep the BoD getting paid
I can afford to hold and have been doing for years - I just wonder if I'll ever actually see a return of any sort.
I look forward to be being told to sell up and move on or stop talking the share down shortly (although with single digit trades most days and the odd big dump from a bored holder every now and then it seems to be doing a decent enough job of that on it's own)
Normal service resumed. Fingers crossed for CDT going on a run (and the board selling some if it does)
Yup since the BB police turned up and bored the life out of all conversation that isn't flag-waving or tub-thumping it's gone very dead in here, personally I can't be bothered to be told once again that we're dragging the sp down / being impatient / not taking responsibility for investing decisions. Congratulations guys, you have your wish - no offensive or negative posts, but also no posts at all that aren't cross-ramping or generic nonsense. With the share effectively mothballed pending anything happening with CDT there's nothing to discuss anyway I don't suppose