Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Rover with all due respect - I have fallen into this trap myself in the past. You think this share owns you and you try to trade it to make some back. Fair enough but you can pick any other share or even index to do the same without the threat of suspension hanging over your head.
Rover - you'll never learn
THE CORNERSTONES will hold their head up high as normal. Honestly this is just business you win some you lose some. Not sure how the rappers here will hold their head high. They need support.
You know what my position was for months even when HZM was at the dizzy highs of 170p. But now we need to support the losers here who have vanished.
Wasa, Lawrence and others you have my sympathies.
Not thanks to HZM
Calculator diarrhoea
Wishful thinking calculations. Dear Lord he's at it again.
Yawn - How many years has he been calculating to the Nth degree and missing the point that the market is governed by greed.
Dont get me wrong a highly logical individual by all accounts but my god you take 10 Phd's and 10 plumbers in a room and ask them to invest after you explain to them the basics. The best outcome is it will be a draw the more often than not scenario is the plumbers will win.
If he's not careful he might end up owning the entire company lol - A big whole in the ground and some assorted machinery and a ton of liabilities
I see my handle being used in vain lol - I also see an incurable gambler - For the love of all that is holy to you do not listen to the gambler.
If I was a big player with lots of pull and good at underhand tactics, I would go to a key Brazilian official and explain.
Hey chap we will take care of you and anyone you think deserves it. Just don't let the licenses expire and any other admin tosh. I don't care how you do it but when the time comes we will call upon you. We will take this baby to admin in the meantime go and have some fun enjoy it and remember we know of your other dirty deeds.
Company goes to admin then someone picks it up for nothing.
Few months later a story appears in the press that jobs need to be saved. Mine is back on track.
I should be in the mafia movies
Simon Retter by the way is a non exec director for Elixirr. ELIX on the LSE board.
Rewarding failure
Found him lol
70p I hear from deluded people here? there's at least one person here that has averaged down to 22.5 they'll be out at 20.
Many more are on the same boat. They will all be rushing for the exit at the slightest hint of a bounce
Jeremy Martin Cleverthoughts works as a non exec Chairman, alongside another couple of well known failures on the BoD for Zinnwald Lithium. They are listed, have a twitter account and an LSE board. Feel free to engage
Still struggling with how you get 70% throigh a mine build with $400m spent and $200m remaining to be spent, then realise you need $600m more. Even allowing for shutdown and restart costs that's an epic miscalculation. Maybe they just hadn't tackled the hard 30% yet or something.
I can tell you how - It's called G R E E D. It trumps all the usual amateur investor logic and calculation about fundamentals. Fundamentals and logic apply better to companies that are within a more "strict" regulatory framework. You think Jeremy Martin would be free to waltz in another cushy job if he was CEO of a FTSE250 or 100 company? No. AIM is 99% filled with cowboys. You all chose to put faith in it.
Oh and 750K afford to lose? Hate to say it but anyone on these forums that says they have 750K they can afford to lose is lying. Especially after the previous years of incessant ramping
My only regret is not investing in Glencore when it was at 380p and Anglo American when it was around 1700p, I do have exposure though my BRWM fund but I am looking at those 2 as the ones that win out of the miners malaise
Meanwhile Jeremy Martin has got a cushy job at ZinnWald lithium another AIM listed trash and he partners with at least another couple of failures on the board. Go that board and warn others about the con here.
My money is where the big money is. Glen take it out of the hands of everyone. PIs get nothing or a very temporary reprieve
Posters waking up to the fact that the deal is more than likely to be struck over the long bank holiday weekend. Said it here first.
A few are asking what caused the expense overrun. No one knows and you will never find out. Because if you they do tell you then the questions will start come flooding in and they may open themselves up to litigation....
How could Glencore not foreseen this?
You assume that their staff are all some mythical brainiacs with vast experience. What differentiates Glen from other smaller outfits is leverage (money), they have lots of it so can demand things. Their staff are no more clever or wise than say HZM's. In fact I would argue the opposite. Think of analyst / broker recommendations which are typically useless. They are only worth the day they are issued as they create volatility.
ZNWD is the ticker for LSE - You know what not to buy now
One of the people laughing most likely is Jeremy Martin who got out relatively unscathed.
Head over to the https://zinnwaldlithium.com/about/people/ page to see his face laughing at you. Then you can always go the Zinnwald lithium board on LSE here and express your opinion. I just did.
See what I said about JM has already happened. He works for what seems a German mining co listed in LSE. The cheek of the man
I see you have JM as a chairman. Please go over to the board of Horizonte Minerals and read through about HZM's failure.
JM (CEO) up until August or thereabouts was reporting all well and approx. 65% mine completion. Fast forward a few months and a from a price of 160p HZM is now 2p and below and about 600M USD shortfall. I leave it to you to decide whether it was serious mismanagement or complete and utter incompetency. You have unfortunately gained a dud at best... Be careful
But believe me it will not be for your benefit. It will be for theirs. As I have always maintained there are no good souls looking after your interests in AIM.
BoD's and big investors are governed by greed as you would be if you were in their shoes.
So many here kept saying oh he's got a good track record this oh he's got a team with lots of experience. All absolute garbage. Think of AIM governance as your governments. Corrupt and ready to sacrifice the little guy for their benefit.
Sone here I see kept averaging down. Treat this as you education. Despite what I and Publican have been saying a lot have chosen to ignore thinking they know better.
Well let's see if you can keep buying to average down to 1p-2p. You could but honestly how many grey hairs have you got in the process?
And also think about - Is it worth ploughing my money in a company where the directors never bought in any serious manner? If you are going to take a lesson take that at least. My number one saying for years here. Why are the directors not buying. Because chaps, they knew. They knew they would stay and cream this for as long as they could and then retire. In a few months you may see them as consultants in some 3rd world country mining operation. They are thick skinned conmen that will do whatever it takes.
Final say on the matter. There may be a deal over the weekend. My gut says they will all be locked in a room and whoever blinks first looses. What happens to your holding may be of little consequence. Price may rise for a little while.
What do you think all these people that have been averaging down will be doing. Trying to find a price to exit.
Study hard the volume profile over the last few weeks. See if you can spot logical price points to exit as I suspect most of you will want that. Not what price you break even but what price you think is most likely to be resistance.
If you are looking to buy oh well you are beyond any help...
I once asked a friend of mine to teach me poker. He said you have to pay. I said you are my friend. He said no you got me wrong. You play you loose you learn.
Your education...