Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
We have only, so far, seen one small commercial order from DHL but, in any event, in my opinion, the FedEx link is far too tenuous to have any impact here. There really is so much coming down the pipe that is going to drive revenue growth that it has the potential to be transformative. The first signs of new revenues under the new contracts will, we have been told, be felt in H2 this year, with lots more growth beyond that. And that is without any further contacts, which we have also been told, they expect to see in the next few months. There may have been a long wait for many of us, including me, but all the signs are there that T42 is going to be a very different beast from the slow grind of the Starcom of old.
Fats. Whilst it is probably an overstatement to call it a master plan, it also occurred to me that Ed might regard it as fortuitous if the SP was low after Leap is sold and he can buy (unlike Midas, I believe he remains inside until then because he will still be privy to lots of price sensitive info about the potential sale which has not been disclosed to the market and will not be until the sale is announced). I don’t personally share your view that we are being conned about the potential value of Leap although like most I thought it would be more. In retrospect the signs were there, as others, in fairness, pointed out at the time, such as the need for us to give them I think it was £100k a while back which revealed that they were still not generating free cash. However, my own view is that Ed will have to move fast if he wants cheap shares after the sale, because I think we will get a healthy bounce when we have £6m in the bank and the rest of the portfolio for free.
How the beeejesus could they be forward selling when they would have to pay 20p a share to convert?! Absolute tosh.
China is also in trouble economically and I doubt will want to spend billions on a war right now.
Yes let’s see what he has to say. Believe it or not I have topped up on this morning’s drop. Unless the NAV is complete tosh, this is now ridiculously underpriced even with our share of Leap valued at £6m (currently our MC).
I will leave others to form their own view about whether Ed is still inside or not, but the following dictionary definition may be helpful: “the illegal practice of trading on the stock exchange to one’s own advantage through having access to confidential information.” Personally, my belief is that Ed will still be in possession of confidential information about the sale of our interest in Leap (confidential as in not available to the market) and is, therefore, still inside, but each to their own. GLA
I agree that a sale could come soonish now, and there is still plenty of time for it to happen by the end of the year. Have to disagree about Ed being in the clear to buy shares though. In my view, he is still inside till the deal is done and announced. This RNS doesn’t change anything on that score. It just dampens market expectations for when the sale arrives. He will still know more than the market does, and so is still inside.
When the disappointment of the RNS subsides, the market ought (hopefully) wake up to the realities of MC versus NAV. If Leap sells for £5-6 m (given expectations of more have been dashed) that means we will virtually have our MC in cash with the rest of the portfolio for free. Objectively, and putting aside past expectations, that is a pretty good value opportunity, which will fully exposed on the sale of Leap and now, with the sale price already telegraphed to the market (so no expectations dashed at time of sale). Irrational, therefore, and purely in my opinion and certainly not advice, to sell now at such a depressed SP. GLA
Always look on the bright side of life, da da, da da, da da da da da da….
Right, so let’s be honest. Those who have posted that Leap would disappoint have been proved right, and those, including me, who thought the March valuation was conservative and be exceeded were wrong. Many will be hugely disappointed and those that managed to get out at higher SPs will be relieved, maybe even smug but…..
RNS of 15.06.22 (just 2 months ago) referred to the first commercial order of 500 T42 units under the framework contract announced on 17.12.21, and stated that further orders are expected for other ports across Latin America.
The trading update in June emphasised that with major international customers it is often necessary to work through lengthy trials etc before they commit. There is no reason to suppose, therefore, that the pipeline does not include some major container/shipping/distribution companies interested in adopting the T42 for their containers. The recent big announcements have mainly been related to port authorities and general distributors which may be why the focus on those has been mainly lockies. The delay in updating could be because something big is due to be signed off and they want to include that. All speculation, of course, but in my opinion more likely than the T42 being redundant, or the new strategy being misjudged.