Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Volume has fallen out of this now, price starting to settle on the waiting game for news.
I am hope this falls down to 20p over the next few sessions so I can top up and average down prior to news either way. This is win big or lose big on the outcome which should arrive in the next 4 or 5 weeks
Andy,
Most of this is owned by II's then large bulk by people with a long term view of the company, lastly people that are trading it for small margins, not much volatility so its not worth trading. Hence where we are at present.
I think spreadex with the TR1 notices have been the cause of movement lately, other than that sit on this until we start getting news over the next 2 years.
Spot on, I am expecting a mixed bag. Shouts to me of a managed PR exercise to spin somthing that may not be that favourable at the present but will improve as operation start to get back to normal.
This is a LT hold, you have a another couple of years to see the money.
Just taken a break from work thought I would.look in here, wow its been a busy day in here! what did I miss LOl.
Wonder how long we will be waiting for the next rns? Will be an interesting summer, now back to work for me.
Sandhopper,
I am with you on this, dont like share consolidation. Have had a few always seem to be worse off after. Not a Fan.
Chester, good attempt I like your conculsions, will be interesting to see what happens here over the next few years.
Chester
I will have a look when I get a chance, busiest period of the year for me at present.
For cashflow they have a 4-5m p.a. burn on current production levels, so it all depends on how quickly they can ramp up production to breakeven. They have been hinting at around 10m needed, so breakeven must be expected in the next 12-24 months which would be reasonable.
Ohmni,
A quick way of getting some crude figures, get the last stat accounts, take the P&L and work out the ebita. From this you have sales, production costs and business admin left.
Now for the research, look through.and find out the product split for sales, look where the staff are based, building locations to split out your admin costs uk/usa etc obviously making a few assumptions on costs.
After this split the P&L into cost centres by product, take the costs you have left after admin costs and apportion it weighted by product sales , you can then refine further these costs by digging back through each set of accounts and.look at the trend between sales and cost. You now have a very basic set of production standard costs per % of turnover. Add the costs to the location based on projected sales.
The accounts are done on an accrual basis so the figures will be very rough but you will have an idea of each locations cash burn for 12 months, you will also need to take into account economies of scale but a few tries and you will start to get an idea.
I dont think you need to worry about the furlough, the main plant is in the US, over here I think it is minimal production in comparison and they have stock built up. In the long term it will work out as they are not losing the staff and can start up any time after the three week minimum for furlough.
The real game we are waiting is the funding news, we will fly once this is done. I am holding onto my shares long term in a sipp. The sellers today look like the 10% crew
You should read the RNS, it tells you exactly what will happen. Furlough staff are only in the UK production and robably any unnecessary admin. The rest are working. Cash runway now mid July at the earliest.
As for Furlough payments, proabably will be just pay out and then check later. Paye is all big data with EDI and RTI the UK now. So a little automated cross checking will take seconds. Nothing really to worry about.
Personally we are in a decent position now, medical is always in demand, what price do you place on your health? With the products TRX has wow what an opportunity.
Sandhopper,
Will be interesting, will wait and see what comes through purchase wise on Tuesday. I think its 4/5 weeks to go and counting.
Looking at TRX most would be bullish on the company, me included.