Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I just want to add, when looking at comparative valuations, how can E-therapeutics at £144m be worth considerably more than Geni? Other companies that are in the process of receiving an FDA decision such as AGL and POLX have market caps of £278m and £178m respectively.
Geni at £42m market cap with over £17m cash is quite simply on sale.
We know as a newly listed company, in most instances it can take several weeks for sufficient coverage to initiate a suitable level of interest to propel a companies profile and subsequent share price forward.
Within the next seven weeks we can expect at LEAST the following key milestones, regulated news updates to facilitate such a move.
1. FDA breakthrough device decision
2. FDA submission
3. Collaboration with Weill Cornell as part of the NYO
Significant background planning would have taken place to reach such milestones and with increased awareness to the company product mix, I am certain that this won’t remain quite for to much longer.
Patience is key.
At some point this really will be seen by the market and it should gain significant traction. Looks like current active posters have now portioned in expectation. GL.
Key takeaways:
- Share option plan - 2,868,000 between 4 directors - exercised at double the 44p IPO price after 30 consecutive days above this benchmark
How will they confidently attain this 2021 share option plan target without submission and successful outcome from the FDA and various authorities?
Newsflow:
- Cardio Incode - UKCA marking - Q1 22
- FDA breakthrough device - submitted May 21’ - decision Q3 21’ and ordinarily takes 60 days from submission so outcome should be imminent.
- 2 products subject to 2 initial clinical studies related to Covid 19 - would love to find out more info on progress and lead time for this.
- Forthcoming collaboration with Weill Cornell as part of the NYO
Additional stability is provided via a Lock in period of 12 months (42,522,182) - and institutional investors are considered long term according to their individual websites.
Market cap is simply to low for what has been invested to date and the many key milestones we can expect in the short term, including the physical submission to FDA via DE novo or 510(k).
I have a core investment in AGL from 42p and continue to hold, but this stock has enabled to to derisk some of the proceeds into this stock that is yet to get its story across to a growing number of private investors. I am certain from here the downside is limited and the upside could be many multiples.
Great summary and couldn’t agree more, the valuation of this company after cash is quite simply a steal, and for all the reasons you have emphasized, with additional coverage and newsflow this should rerate pretty quickly.
My theory is, and bear in mind my drilling knowledge is minimal. But if they started with a 100mm drill bit as per initial comms from company, and have since cased three times. (70/400/sidetrack), will they not now be on the smallest drill bit for the respective future casing? Thus they drill slow and conservatively, as any issues could prevent them reaching TD (although confirmed they are nearly at td on Friday Q&A)!
It may also explain why no further gas shows have been reported, as the gas show from 560m odd is interfering with possible shows lower down as a result if not being able to case again?
Pure speculation on my part as my google search implies that from 100mm there are only an additional three drill diameters. Thus caution.
Squeeze for eod finish 200/212p
I now fail to see how some fund managers make a living!?! If this isn’t a low risk high return opportunity then I am not sure what is?
What are we missing, I think the market wants to hear from the company with some detail of implications before the major rerate. Even so, to leave 70% upside from current prices on the table is far to much!
Put ‘Lok Sabha’, multiple sources from India confirming
https://t.co/dWGXMNKstf
Especially when the bill was officially passed within the last 15/20 minutes
(Bloomberg) -- Investec analyst Nathan Piper raised the recommendation on Cairn Energy Plc to buy from hold.
PT set to 275 pence, implies a 74% increase from last price. Cairn Energy average PT is 212.15 pence
https://www.thetimes.co.uk/article/breakthrough-in-indian-tax-row-lifts-cairn-energy-bp0v8qlt6
Expecting this to receive significant coverage going into the weekend and into Monday. Brokers will reconfigure risked NAV accordingly, and papers will attribute a fair value based on the revised act.
Quite simply, anything less than 185p remains a steal!
If not for a condition within the Aftersale takeover, Square will not allow TSL to ride on the coattails of this transaction.
Watch this space.
Net assets at period end of GBP116.6 million are equivalent to 109.44 pence per share. With the put/call option to be triggered on completion of the acquisition of Afterpay, with the remaining 10% equity position subject to independent revaluation which will see an uplift considering the recently reported strong figures from Afterpay and some 13% of the consumer base generated from the UK market, not to mention the benchmark takeover premium.
It is not outside the realms of possibility that Afterpay will be told to negotiate and complete the takeover of TLS prior to full takeover as the synergies and extended product mix will only serve to increase growth of the 10% equity position, thus making the transaction more expensive over time. Takeover’s can be subject to a set of Pre agreed conditions.
This IMO is as low risk, high return investment as you will get over the next 6 months, with a very real possibility of a bid at any point.
Incredible strength this morning as the asset remains 40/60% below takeover value IMO!
The intraday RNS would of caught many off guard. We also have a very positive reaction to the transaction.
Even in the event that the sum of parts are not realized in the form of a takeover bid. An ability to benefit from the combined entity will ensure a significantly higher valuation.
Significant upside remains.
This to me confirms that they are drilling in excess of 30m a day based on my original projections and that they have now penetrated the primary zone at and beyond 1100m. On this basis I believe that we could reach TD on or before the end of the working day Wednesday.
‘Drill rig to geolog truck’ suggests to me that gas shows are being analyzed on a consistent basis through its vertically stacked targets or else why tweet anything with such specific reference?
I believe we will get an RNS at TD, this will detail next steps and should fall any day this week IMO.
This should be the week that we enter the Primary zone and reach TD. We should all see fireworks this week, I am confident of that!