Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Another sleepy week rolls by...
Let's hope it's sooner rather than later! Very frustrating seeing almost zero volume everyday!
What does confuse me is why this stock was such a pump nearly 2 years ago for people like Doc Holliday when it was clear it wasn't going to start producing money anytime soon yet now when it genuinely is close to it, is of no interest.
That's the thing; I probably would too if spare capital becomes available.
Once it's on the way and if the figures in the presentation are even close to realistic then it's a good earner. The uncertainty atm is that they can't get the project off the ground in Sri Lanka. Nearly most of that has been removed with the legislation side settled; the risk is now potentially not getting offtakers in due to the macro worries (not just in Sri Lanak!). I doubt this is the case given Frayne's noise however I am only trying to think what the market is thinking and it has to be that. Once funding is in and building actually starts (again difficult in current circumstances); confidence will grow that the mineral will be dug out of the ground. That stage can't actually go wrong; it's not like they can dig the sand up and there be no resource like an Oiler. Can't also really go wrong with a digger actually digging!
Yes a move towards fair value is well over-due; the market uncertainty at a macro level is peaking at the moment. Essentially the story of the company is going to have to outweigh the negative macros which means offtake and progress on the ground being shouted nice and loud. Hopefully this comes in before Christmas as if not, I think the money will fizzle out. Let's go for Oct 13th with DRJ and be optimistic!
I'll be relaxed when it starts getting some traction and remove the heavy losses. "truly content" - what a stupid thing to say. You cannot be content with heavy losses and promises of future growth. Have been holding since the start and not one of the timeframes has been met. I continue to hold as the long term outlook is amazing but only if the share doesn't get diluted to hell in the interim as they run out of money time and again due to delays. This is AIM; a health dose of sceptism is a necessity as we see this sort of result all the time in Junior mining stocks. The big caveat is that nothing can go wrong with the mining; it's literally digging which is a huge plus but the issue is offtake investment; when is this going to happen?
If I was entering right now for the first time; i'd be buzzing however like most; I'm not therefore I'm not content as I invested on timeframes Frayne set then hugely missed (granted not all his fault) however the lack of progress on offtake so far despite the "biting their hands off references" is concerning.
Seems like positive news and noise from the AGM and recent presentations.
It hasn't really changed much for me; it is a great opportunity long term yet unless i've missed it; we didn't get any real clarity on timeframes and offtake discussions? Still the potential issue of not getting offtake in time before a placing is needed. Really hope we get some news in October!
But then we were told offtake was imminent and nothing about DFS. Goal posts are rubbery they are moving so much.
Need an update especially given how jittery markets are.
Very worrying tbh now I've read that. The timescales even with covid and sri lanka issues didn't mean a delay of that size. The original timescales are complete nonsense if that is the case. Frayne needs to clarify as a placing is very imminent without offtake money, a simple cash burn analysis confirms that.
It does matter though. Missing the timelines means two things. Placings when cash runs out and a lack of movement when news is announced. EIA/IML being granted is huge news but because frayne got the timelines so wrong and has barely commented on the sri lanka situation, the market doesn't care. Whether we are right or not is irrelevant if the market doesn't move the sp. We have been insanely patient here holding huge % losses, there should be more comms, this isn't acceptable.
Another week; no news...
Must be so close to some news about development (more test drill results) and/or offtake!?
Back below 5p; this is getting a bit tiresome; could do with a bit of a kick here! IML over a month ago and not much news since...
Zero volume yet liquidity unusually; seems a bit odd. Bid keeps going up.. Hoping for some news before AGM.
Not seeing many trades but this is on the move today; actually genuinely moving the Bid!
Hopefully we will get some news before AGM; that would be good.
Fully funded for old timeframes though. Hope that stays the same but we are really in the dark timewise again. Frayne really isn't updating us much, hope People get a read of him at the agm.
Yes and no; 12.5% spread and bid hasn't actually moved.
Agreed that small free float means any significant buying will make it shift at some point though!
Yeah, I have no spare capital; would love to be going in to start at these levels.
Ideally it will get towards high teens first and then maybe some profit! One can dream...
Yeah exactly; I picked up in his most recent podcasts a certain less bullish take. He has over played this whilst desperately getting the EIA/IML delays through. The timeframes in the presentations are obviously well off which explains the complete lack of interest even though major milestones have been achieved.
The assumption must now be that there will be a placing if offtake doesn't land shortly. That is why I assume the market isn't interested. If the former lands then we should be good to go but I'm beginning to find the lack of clarity quite irritating.
Agreed on all the points. Offtakers can still be chomping at the bit but Frayne probably over egging how quickly it takes to get on board. Finances in countries like Sri Lanka (and legals) are hideous. It's bad enough doing this in the UK let alone local law. He has probably over egged this again but hoping we get something sooner rather than later.
I would have gone to the AGM (used to work literally 500m from the location) last year but sadly moved out of the city now!
Completely agree.. however the market isn't convinced it can get down on time. I agree it's impressive but again if we're right but the market doesn't care, it doesn't really matter!
Just trying to work out why the market isn't interested, either it's no promo or everyone interested back at the start of last year haven't been reconvinced. I'm sure it'll come but it's a question of how/what/when it will happen.
SO when does this re-rate happen..
Assuming no placings/major dilution from offtake; will it pick up after offtake? Given we've had a minor dilution (almost negligible) and free float remains very small; we should get back to 10p almost overnight when the risk is removed. Issue is when the market sees that? Risks are as follows: -
1. Delay to offtake (seems unlikely but investors must be skittish around Sri Lanka atm, can't blame them)
2. Placing due to the above (seems unlikely but market isn't convinced by Frayne atm, again fairly understandable)
3. Offtake comes in but a muted reaction as market thinks nothing can actually get done in Sri Lanka even without money (also unlikely given IMF/Fuel crisis seems to have abated)
So assumption is re-rate on offtake is a given? Are we all geniuses here and ahead of the market? Only going to return losses so far for most so maybe not but the standing around on the sidelines is odd. Maybe it's just pure fear of risk atm with fearful markets/AIM history?