Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
A placing was always an option and if money was due to round out in Q1 24 then I suspect the placing talks have been underway a while. Not sure on the rules around secrecy but what's to stop our main investors dumping now to buy back in again at 0.2p.
I'm pretty comfortable with the long term here. We have a few more hurdles to jump but a few pretty big ones have already been checked off. It is more likely than not imo that we will be producing in 2025. At that point, the naysayers will have left for their next mission and we'll look back on these times as 'emotional'.
If or when a placing comes then imo it will be small, maybe as small as 10-15% dilution.
Ok. Final purchase made for 2023. I'll be honest, Chris2 made me nervous a few weeks back so I missed out on some good gains over the recent rise. Not sure why he insists on getting involved if he's not a shareholder.
Anyhow, seatbelts now fastened and ready for whatever comes. GLA
Tacet, so if I understand correctly, you predicted at 0.2p that the SP may go up but there's a good chance it may go down. Now we have reached 0.33 you think the SP will either go up more but it could also go down again. Over a long enough period the outcomes are ultimately binary so clearly such a vague prediction will 100% of the time be correct one way or the other. Are you able to make a more specific prediction? Also why do you only see the point in posting when the SP is falling. Some may see that as just scare mongering.
Just wondered where the TA expert is. Thought he would be all over UFO now given we have just closed above the 200da, which I am told is a very positive sign. Also, if we continue this trajectory in a couple of weeks we'll have a golden cross on our hands. I'm no expert at all but I have seen enough chartist comments to know those 2 things bode well. Apparently.
Where is what's his name.
It's a shame Chris2 is missing all the good action too. He always seems to be busy on green days. I feel for him as the only chance he gets to post is on red days. Usually really red days. I'm sure one day it'll work out for him.
We get the massive derisking news first followed by a placing much higher than 0.2p. A placing isn't necessarily a bad thing. The timing of it maybe. Some hope the placing comes first some and I hope it comes 2nd. No one knows. That's why this investment is deemed high risk high reward. You're either in and commenting on this board or you're out and commenting on this board (which is sad imo). Nothing we can do about that. Just ignore.
C2
You seem to find it remarkable that you tossed a coin and guessed right.
Probably more than half shares have dropped massively in the last year or two
You were following JP Morgan's forecast when you were predicting the iron ore price so you can't really take much credit for that.
Probably half of companies on AIM have changed directors in the last 24 months
You like to fill this board with speel about how super your foresight is when in reality your pretty basic just like the rest of us.
C2. I'm not sure you have made many specific predictions. I do recall you saying that iron ore would drop below $80 rendering UFO's iron ore operations uneconomical. Whilst it did drop close it has since recovered and steadied around $120 so you were right and then you were wrong.
That's the case with most of your predictions. You predict UFO will fail I presume based on an uneconomical IO price or a rejected license. The jury is still out on this so you can't claim a victory just yet. Some may say it is just as likely that events proceed as planned and we start digging churning loads of profit every year. In this scenario your prediction concludes as wrong and the rest of us investors right.
So far the delays have caused the SP to drop but delays and failure can be 2 completely different things. I guess this debate will conclude very soon.
CB. Why the talk of 9b shares being fatal. Couldn't we just do a 100 to 1 consolidation.
C2. On one hand you keep highlighting that no one knows if anything good will happen whilst implying you know that everything bad will happen. Why should people listen to you. That's a rhetorical question.
People believing that iron prices will be in excess of $125/t come May. That will do us very nicely. There's a good chance we'll be churning 100kt per month by June.
100kt x ($125 - $65) = $6m per month
Less a small amount of admin costs and let's say we'll be churning $5.5m pre tax profit per month.
Remember the days when trolls were worrying about a couple million raise here and there.
If things go to plan then there is a good chance next Christmas we'll be talking about the potential for dividends.
Fingers crossed for the Heritage agreement and mining license in Q1. After that it's just a patience game.
I'm intrigued to see what impact this will have on ncyt's top and bottom line. If the gov what tests done before passengers arrive then surely that means Chinese testing companies will have a surge in demand. I don't believe China is a big market for ncyt. The problem is, the tests will just be the £3 LFT's so hopefully the UK gov are wise to this and request a confirmatory test on arrival. A ncyt test would be nice. Not long until we get the January sales update with hopefully a revised forecast for 2023. Good luck y'all
There's no denying, a lot of us here called it wrong with ncyt. I still believe ncyt had huge potential when I first bought in over 2 years ago and with a little better stewardship the story could have turned out dramatically different. Unfortunately DA wasn't the right man for the job and whilst ever JW is still here ncyt will have one arm handcuffed to one ankle. I cut my losses here a while back now but as a result I lived to fight another day. I'll always be watching ncyt ready and waiting to take back what is mine. Until then, all the best to the genuine holders.