Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
woodie, judging by the recent email comms, seems that the comms channel is waking up to the need of the shareholders, though the SP still needs addressing. I hope LTH's throw some emails at the BoD even if to alert them to our frustrations. I realise they can't just pluck news out of thin air, but they need to be more transparent and manage newsflow better than the hype spouted by Price. An update woudn't go amiss under Palumbo as he said little or nothing in the Interims statement.
Hi Mark,
Best of luck mate. I share your frustrations, but still bottom drawer. Mrs Dip_Stick none too happy. But hey ho!
The Mou expires early next month. Was relieved to see some still prepared to buy at these levels. The directors salary segment now 50% down. I just have a hunch we may recover to that by the end of 2019. No good for LTH's but some may make a good return. AGM needs some positive news before they face the mob......if there's any one left by then!!
GL all.
Guys, Apologies to many here, but initially, if private chat can be restricted to LTH's only would be fine by me. Between us we can relay the relevant info to others on the BB with caution. Can we also retain avatar names as per here for comm....i.e., no personal details as individuals may move on.
LTH's... email me a test message @ mr.fictitious AT out*look dot com
If you are PC savvy, you should know how the above email will work!!!... else, ask!
I will reply to emails requesting certain digits to be posted on this BB to verify individuals. Get the ball rolling and we can expand as required.
Ian, you rarely see the big boys under their own names. They have their own brokers. Similarly, you won't see Mike Joseph, Choksy or Inova. Just need to get consecutive month list and compare the numbers. Painstaking!
TA_, I tend to agree with your initial thought, i.e., 'learning from past mistakes', however, I hope they are not that naive to 'plan' the news based on 'seller stopping' !!
If pricey was allowed to open his mouth at the usual regularity, we'd be ftse company by now and having a picnic on the moon. Shame that still hold a 'senior' management position. May be he'll make me eat humble pie if he's handing and succeeds with Billingham.
Here's my all encompassing wish for the North Fork announcement....
I hope to god EQT capitalise on the exposure by being in the 'major announcement' photo shoot. This has to be the BIGGGGEEESSSTTT breakthrough they will have had to date. Instead of appearing in ridiculous rehearsed interviews on DirectorsGob, this really is an opportunity to let the USA know that we have arrived. If Phoenix/EQT partnership is to go from grow, guys do an American yeehaaaw. I suspect all the media and energy + environment journos are likely to do some coverage. But pleaeeaaasse leave Pricey at home!
Thanks again King5hott.
Here's my main thrust on their 'mis-information'.... or lack of transparency.
Ebioss sold a huge amount between Feb and July. That combined with sh!!!te newsflow decimated the SP. So, arguably I can accept that Ebioss may have ceased selling or eased off with the amounts. But both Ebioss and EQT imo are guitly of the events leading to where we are today. I can't quite understand what made Inava sell when the SP is on it's a*$e. They intend to sell more?.....why?... , then what are Ebioss's plans?
So, in conclusion we have the uncertainty exasperated by another major shareholder. Needs meaty news to kick start a recovery imo.
Thanks for that King5hott.
I find it odd "The Company regularly asks its major shareholders for confirmation of their holdings" and "EBIOSS confirmed to the company last week that there had been no change to their holding"
So if the company asks regularly, how come Ebioss shifted over 200 mill without either party making a declaration? They must have crossed several thresholds in doing so.
We'll see, as Inava shifted a meagre amount compared to the sells seen over the last month and a half.
Yes Ian, I keep pointing that out to the parties concerned, but keep being told that NFCDC is a voluntary organisation and we shouldn't expect a reined level of info!
You'd have thought EQT would want to have that put right. It's called free PR and exposure in the USA and a legit one too....
North Fork Community Sept. Meeting Minutes are out!
https://docs.google.com/document/d/1pztoWTR63wUsr7Fzq0MTQjCWUoPVo03Z04ORr8O81RU/edit#
The relevant bit:
"A. Old Business
a. Biomass Plant Status: Dan Rosenberg gave the update. The total cost will be approximately $15 million. The investor will buy all of the bonds. An investment tax credit of about $5 million will benefit North Fork Community Power. PG& E will buy the power generated at a value of $0.199/Kwh. The Biomass Plant will be capable of producing a sustainable 2 megawatts of power. One of the requirements of the investor is that an engineer needs to guarantee the overall price of the entire project. Phoenix Energy, our partner, will be the operator. Construction time is estimated to be 18 months. During the first 3 years of operation we will receive no income. All income during that time frame goes to the investor. When all is said and done, CDC will have 37% of the company, as will Phoenix Energy. Presently, we own 47% of NFCP. We are currently in debt approximately $2.5 million.
Personally, I'd be tad disappointed if a formal announcement isn't made this week.
Inava and Ebioss are the original holders here since the RTO and EQT's listing. So nothing sinister there. ... and TBF, Inava appear to be 'reasonably' transparent about the holding here and it is the 1st time their TR1 has appeared. Not having a go at the poster about not knowing Inava, but easily done as they have been peripheral and pretty much a sleeping partner.
It's the Ebiosss going-ons that are bugging holders. If you've not followed their story, Ebioss are restructuring, renaming (Akiles Corp) and intending to join the LSE (all approved at their AGM in August). Hence the concern whether they need to offload completely. They have sold over 200 mill at the last count without issuing a TR1. Hence the angst.
Sorry Italian, posted a response on another thread!.. too many threads on the go!
I don't believe Ebioss have stopped as there's been a lot more selling than the few mill sold by Inava.
Agree about the transparency though. An issue that has irked all LTH's and debated to death.
OK, this is what I can make out....based on quick checks and basic calcs:
They've gone down from 7.69% to 6.98. Current holding: 215,941,361 (6.98%)
Therefore Prior to this they had: 237,906,740 (7.69%) ...near as damn it.
28th June Listing: 243,810,360 (7.92%)
Jan 2019: 250,159,360 (12.71%)
So since January they have gone from 250 mill down to 215 mill
The initial drop probably due to 30% dilution.
They've certainly been selling since June, but didn't really cross a threshold.
Fair play to them for apparently complying with the regs. Wished Ebioss did the same.