Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Entering the digital assets space seems to have been a disaster for AUG. Just noticed the writedown of the investment of Tesseract. Initial investment of £7.3m in June 2021 and written down by £6.3m - that is some quite fantastic value destruction for shareholders. Wonder if this is reflected in the “performance fee”. Lol.
Still very positive on the majority of AUG top 10 holdings. Hope to see some value creating events over the next 12 months. Can’t see valuation multiples compressing too much more from here so if invested can continue turnover growth we should see some very positive increases in carrying value.
Seems I was right with the cash raise after the FDA approval. Those 10m shares placed. Hopefully strengthened the hand of FUM with commercialisation agreements in the US as they won’t be desperate for a short term injection of cash.
Some interesting targets discussed in this analysis.
https://www.ii.co.uk/analysis-commentary/dividend-star-mg-waking-hibernation-ii527680
Note 2.2 of the consolidated financial statement. Available cash at the end of the period was almost equal to the loss last year. Though I accept revenue will be reported during the next year this does not equal profit/cash. FUM will want to be in the strongest possible position to negotiate a US commercial partner so won’t want to be a position where they need upfront cash payments.
Looks like Habito are struggling. Looking to raise money and see existing valuation reduced to nominal single-digit million valuation. Don’t see much negative read through for AUG as prop-tech (including Wayhome) represents 1% of NAV. Wonder whether AUG should throw more money at this or walk away.
https://news.sky.com/story/mortgage-start-up-habito-in-talks-to-salvage-future-at-distressed-valuation-12666186
A rather muted response from the market to quite a substantial uplift in the value of Grover. Looking forward to the next trading update/results. The sale of ii means a significant proportion of the NAV is backed up by cash now.