Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Very sad to see it sold for 65p essentially less than what they paid for Wagamama several years ago despite growing it in that time & brunning & price being worth considerably more. I’ve bought & sold shares in rtn for several years, this business was worth 7.20 a share several years back, today in my mind it’s worth double what it’s being sold for, it’s the steal of the century & someone’s gonna make a small fortune. I’ve sold my small holding today for a small loss. GLA
At what point do you call it a day? The constant drip from the 87p Director buy is leaving me feeling v concerned, I can stomach a paper loss but I’m sometimes you gotta be pragmatic, there’s a reason it’s falling. V frustrating as I really do believe the business is undervalued, but like many Im sure have been sucked in to the hype of suitors buying the business. I’m prepared to hold until sept update or 60p.
At crl123 I think you may be right, been here unluckily before bought conviviality literally the day before it got suspended, took me a while for me to get over that then my Interserve went. Gratefully I’d done ok on kainios & ocardo at the time but I panicked and sold them way to early. Sadly you just have to lick your wounds, I’ve literally got my whole portfolio sat on paper loss it’s gone from £40k profit to £55k loss, THG, RR & RTN causing me pain & 4D a write off. Think I’m going to the pub.
I can’t believe this has happened to me again I lost big on conviviality, really thought this was just undervalued. Thankfully not a huge amount but stil stings. Hopefully not a complete wipe out but I’m going to write it off.
Sadly this is not going to be good, this is going the way of Interserve. Gutted :(
Hopefully the Co is just getting on with things now, some more favourable broker reports & ratings, plus some Director buys would settle things & see the SP gradually climb back to £1.60 over next several months then progress from there.
I have a small holding avg 48p (bought in on back of the good news & the 70p spike) I almost sold 26p as it had ticked up & I was prepared to take hit etc, next thing I know it’s 16p so may as well see where it goes. Hopefully the AGM will clarify some points & hopefully a trading update will give it some life, but it’s not worth buying more & averaging down until such time as there’s funding secured.
The results in Aug should give it some forward momentum, I’m avg 72p here, the besr market & inflation woes has dragged this down, but fundamentally a good business in my view, I felt it was undervalued at £1 at beginning of year whilst obviously I hate sitting on a significant paper loss, I’m hopeful it will recover over next 6 months. GLA
What the hell just happened, I thought it was starting to retrace when it hit 26p then looked again. :-(
LTH need something to look forward too now, it’s been a rough day I’m hoping we will see and end of day retrace to at least 80p then hopefully a better session tomorrow. I’ve averaged down now to £1.13 now, which was my original buy in back in Feb. Nothing materially has changed it’s just be a long haul, against a volitile market, but we’ve been here before, referendum, covid, now inflation/recession. GLA
Wow this is unbelievable, I knew we would get a pounding today with the news and general market, now I am feeling sick, do I buy more and hedge like mad, or will it drop further?
@MWelsh that’s some serious trading. I’ve bought a few more @89p. Totally predictable that all offers would be rebuffed but still shocked at the SP price action, it’s been buffed about by the Macro factors but we’re right back to pre rumour level, whereas I thought it would be pre confirmation of bid level ie £1.16 ish, I think some Director buys will help boost sentiment. The media have loved trouncing this share, absolutely no idea why, other than it’s owned by a northerner, v reminiscent of how they pillared Mike Ashley, even when he was buying budinesss out of admin saving jobs. I’ve day traded my 2nd & 3rd tranch but I did but more last week admittedly FOMO (happens to us all, but my new average £1.25. I’ve always maintained this was a long term investment having sold too soon on other investments to see it go x 10. GLA
Really sad to see this drop below the SP pre official bid announcement, whilst I’m sure the going private rummor helped it above £1 it’s massively undervalued by any comparable metric. I sold I large tranche at £1.57 but bought a smaller tranche agsin at £1.50 then agsin at £1.24 driven I must admit by FOMO. I think I’ll keep my powder dry now until Friday. I have always maintained this is undervalued & will leave it alone now as a long term investment. GLA
It looks to me that no bid coming forth has been priced in, it’s not to say that other interested parties won’t come forward but I don’t believe it’ll be before the deadline. Sadly on this news we will drop towards £1 territory on Friday, as TED did recently, however I believe it will recover, we may not see £1.50 again for a while but I can’t see us bsck below 90p either. I hope I am wrong & there’s some decent price action but when Dow opens we’re gonna drop further. GLA
I am disappointed to see this drop to below £1.15, but given the ftse is essentially back to where it was in mid March it’s not a total shock, I bought some more at 1.22 thinking this would be the low. Anyone recall when the deadline for a bid to be submitted is? GLA