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Agreed. I have held Barclays for many years. As a supposed leading FTSE entity, representing British business, it is simply an embarrassment. Poor management and control functions, seemingly endless compliance breaches, inability to structure itself to unlock true value and quite frankly a very antiquated mindset. Oh yes and as you say, consistently rewarding failure. And we wonder why shares in such a company are unattractive.................?!?!?!
This is great and affirms my recent posts around current valuation. Broker notes are really only formalising what is already understood....which is that if CTL can execute, it will establish one of the worlds lowest capex lithium extraction facility, with the greenest credentials possible. I have said before, it is for me purely this potential which both drew my investment and also underpins my view around valuation. As the company ticks off its milestones and the project derisks, the inherent value will be realised. Great to see the US and the proposed ASX listings. Both will certainly raise the company's profile and open gateways to retail investment.
That completely explains the downward pressure. But in the medium term this is a good thing. Tim Leslie was in since IPO at 30p, so not unexpected that he took profits at x3. Given that he held 3.71% and executed on the lot, the SP has actually held up quite well. His exit will only increase liquidity and almost certainly his shares will now be spread around a wider population. I would absolutely expect to see a steady rise back to something near where we were a week or so ago as more retail holders are able to get on board. So much more to come here, still not valued accordingly.
Good to see some strength in volume and pricing coming to the fore. Looking forward to next news and clearer picture on project derisking and delivery milestones. This should serve to underpin intrinsic value, which should play out as fair value in the go forward SP.
CTL has so much potential. As it starts to hit development milestones and derisk itself at the project level, I fully expect to see a significant SP rerate here. Broker notes back this up, but frankly, for me, its simply the lack of available lithium globally which can be extracted in such a way that doing so doesn't negate the benefit of moving to greener energies, which is driving its demand. This global shortfall makes 'clean' lithium sources incredibly attractive. CTL are doing great things and to be honest I am a little surprised that the SP is not already higher than it is.
I am very pleasantly surprised at the speed that this is moving along. With commercial production ability confirmation underway, I would not be surprised to see announcements around MOU's with offtake partners/financiers very shortly too....
That price target only relate to the Laguna Verde resource, Francisco basin not considered and so any additional resource will only be accretive to the price target. Again, from a resource standpoint only, this is vastly undervalued....