Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
BadA For me, 99% was already signalled via prior RNS. So little new info to get excited about. Cash burn might be a little worrying. Will a cash raise soon be necessary or are the free carries sufficient?
But, in general, AIM stocks have been unloved for a while now. As well as Deltic, I am invest in several AIM 'pearls' (FUM, ATM, IOF, SRT and a few others) and all are trading at prices far lower than (my) logic suggests.
Apologies if already posted. Stiefel with a 125p target
https://www.proactiveinvestors.co.uk/companies/news/1045007/futura-medical-offers-significant-and-underappreciated-opportunity-says-stifel-1045007.html?rel=scroll
Comek2, rather than having a rant at Buffaloben perhaps you shoukd be asking why the market has marked FUM down by almost 15%.
What a story we have to tell. But do you really think that story is well told? FUM's RNSs have a tendency to underwhelm the market, just like today.
Of course I'm happy to see finally some cash start to flow in but a couple of points I feel were missing from the RNS.
1. In future strategy it talks about commercialising other OTC products for the sexual health market. What could those be? A ladies' product? Back to gel in a durex? No idea from reading the text.
2. Absolutely NOTHING on non sexual health development, not a peep. What about local pain relief? That was our main thrust a while ago. There is a massive market coming from multidirections: sprains, minor sports injuries, arthritic joints, patients awaiting replacement joints, and many more.
I'm always concerned about the risks of investing in one trick ponies. At least I would hope we would make some of the right noises about future directions.
@Coronation, I am not quite with your statement that it's a "blessing" to pay tax on dividends. Stating the obvious, when a share goes xd, the sp is immediately reduced by the value of the div. That's not an issue because xd + div = previous sp. However, when the div is now taxed, the formula no longer holds and the investment is worth less.
Europe has a 30% witholding tax, enough to give the UK bad ideas ...
I will raise a glass to you and Paul this evening from my hideout in France. RIP Paul.
GND: easy for me to say but do not let sentiment get in the way of trading BMN when the time comes. I can never see them making you a fortune and the way the coin is falling, I am sad to say that the odds favour a cheap t/o. But only my opinion. I wish you much luck.
Eco
I always assume that the buybacks have stopped the sp falling even further!
But the rns this morning surely served to point out just how crazy market treatment of the company (and of Gore Street too) is. A growing, fully covered (just) dividend of around 9% and a discount to nav of over 40%. What's not to like?
Caesar: as soon as we do a 1 for 5 share consolidation, otherwise probably never.
Patience, we are almost back to the level (40p) from the previous consolidation. And until Labour put more meat on the bones of their energy strategy, the market will hold back on the entire UK continental shelf industry. The Socialists have always been great snipers but poor on providing detail (now what was their strategy during Brexit?).