Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Placing price was 20.5p. I'm not surprised to see it fall back to near this level.
I agree they will most likely have to raise further funds, and £5m would perhaps have been more appropriate and I concur that Craig would not have wanted that.
I don't see any basis that the next raise will be at 15p though. It could be, for sure, but that would only because ONDO haven't delivered on their strategy. If the roll outs are successful and further contract awards are announced, then I would expect 20p to be the floor and any raise to be no lower than this (could well be significantly higher). I think you'd be foolish to hold out for a lower entry price, as that will only materialise if the company doesn't deliver
I don't think so. The executed prices were 5.50 and 5.70 - the prices were considerably above the ask, hence logic dictates they were buys and the price has had to go up to execute. Be interesting to see trades today, as that should confirm
GTC are not alone in the small/micro cap space in taking a hammering in the SP over recent months. I don't agree that all these initiatives with partners require RNS, that's pointless. It can be mentioned in any trading update.
The lack of updates on H2Green is troubling IMO. I expected to hear about funding agreements in place for these, given GTC can't fund these initiatives. It makes me think that they're engaged on divesting H2Green
Thanks Fevertreeman - the last part would also seriously concern me if I was a client. The trust is lost, and you cannot rely on SCE to deliver.............so it doesn't get the relationship off on the right foot if you can't deliver what you initially promise. Credibility is lost and becomes very hard to regain. I will hold off for the foreseeable until there are tangible improvements visible. I expect it will tread water for the next 12 months
Makes you wonder why Scobie Dickinson Ward was increasing their holding in recent months...............surely they would have knowledge of this?
The bigger concern is the impact on 2024 and whether we will need to raise additional capital.
In addition, regulatory delays in India and a number of other countries have resulted in delays to some product launches; whilst this is expected to have a limited impact on the Company in FY23, this is likely to affect performance more materially in FY24.
Revenue in FY24 is now anticipated to be approximately 28% lower than market expectations of $23m, due to lower levels of inventory being maintained by the Company's distributors and regulatory delays in some territories. The Board intends to review operating expenses accordingly.
Very disappointing to read............I know the targets were ambitious but the SP decimation is painful and a grey cloud will hang over until they clarify the impact on future cash position. Raising funds at this level would be a disaster
I work for a company who are active in a lot of hydrogen projects at a distance. Almost all have suffered from significant delays, often due to government policy which is not particularly supportive. They offer piecemeal support and expect the private sector to do all the legwork. This is fine in principle but for a fledgling sector such as hydrogen which requires collaborative joined up support from multiple sectors (producers, infrastructure providers, OEMs, offtakers and government regulation) it needs more than piecemeal support to appeal to investors to build a business case. At the moment there's so much uncertainty, and even more so when the Tories are going to get booted at the next election, so projects are inevitably getting delayed as investors wait and see what the policy landscape will look like.
I am so far underwater here, it is not funny. And I certainly no longer hold the same belief as I did previously. But if the stars align then I could still see a return. First thing needed is to sell the Leeds building to allay short turn funding issues