Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Personally speaking I was hoping it would take 3-6 months!
I agree with much of what you say BigBang. I think we would all do well to place the same level of trust in the words of an AIM CEO as we would the words of a racehorse trainer......
Its interesting sitting on the sidelines trying to guess whether a SP will go up or down on news like today. On this occasion I was wrong! After 20+ years of AIM investing I do think there are rich rewards to be had if you can get your timing right but it takes a lot of watching and waiting, dispassionately. ZIOC another case in point, with its recent news, and maybe SED too (soon)
"going after other infringers was just empty talk."
HH I agree and no-one should take it seriously. It is not likely. Samsung were very dominant in this market and IMO the settlement value now established effectively makes pursuing other companies fairly pointless.
I still like Saietta and the way they have communicated both pluses and minuses. The only trouble is you cannot buy in right now during a suspension!
Carlos, You are surely joking? That was the value of the litigation (over $1bn). The real question is "What is the nature of that risk that was taken into consideration ....?" The Directors took the decision to renege on their avowed 'promise' not to settle unless it meant full value for past sales and future IP, including other worldwide territories, and yet the end settlement value does not nearly reflect that stated commitment. The beneficiaries of the settlement deal are both shareholders and Directors, but for shareholders, at what price...? Samsung took the real business for a snip and we are now looking at pure hope value given the business has no immediate route to generating significant commercial sales. I am not at all surprised that the SP is where it is now languishes. Directors have lost nothing by settling but will hoped to have secured their futures. It is probably still too early to judge how that turns out for them.
I read the RNS but still didn't buy back in. It's my new beginning .... my promise to myself not to invest in too many risky AIM stocks. Feels a bit tough or maybe stupid that I didn't make an exception. The knack is also knowing when to sell. These days I'd probably take my money and run !
Lincolnite, that is a very negative spin on what is clearly a pretty standard reason for the suspension. We even knew about the ConMet restructuring and reasons for it but it should be no surprise that it changes the presentation of accounts.
Thanks for putting me right Linconite. SO I think they would release any good news during the suspension, but in their own time. I don't think it will be suspended for long though
I would think the same rules apply to publishing price sensitive news notwithstanding the suspension of trading. An RNS like this one perhaps..... ?
https://ir.ayro.com/news-events/press-releases/detail/111/ayro-ships-first-production-vanish-units-to-cruising
Morbox - good morning, thank you - and to you too!
Saietta supply compete e-drive systems and there are other supply chain companies and partnerships involved with that so the margins may not be spectacularly high - HOWEVER the potential market is utterly enormous and growing exponentially right now so if SED takes just a tiny share it will be a very profitable company. Signs are that SED will capture a large percentage of the market, rising to 12m units for light duty vehicles by 2030 according to independent forecasts. In my view therefore SED should command a healthy multiple / PE ratio. New deals with other OEMs are expected to follow.
Jolly good news -
The customer is a global OEM and one of the largest manufacturers of light commercial vehicles (LCVs) in the Indian market. The purchase order covers approximately £420,000 of systems for the first three months of production. However, target volumes indicated by the client for the first year of production is expected to generate revenue for Saietta VNA in excess of £11.2 million.
Agree with you Andrew. I am working on the basis that all the bad news is now out of the way. They have been pretty transparent throughout about revising targets for missed timescales, cash in bank, and hopefully that honesty relates to placings too. Tony Gott only said recently that a fundraise was not needed
That comment didn't age well
Roger - it is not just Bradclad - just look at the history of failed announcements. VDTK has had all this time to do some meaningful deals.... for all the world it still looks as though the most panels they have ever shifted was the result of a theft from the Italian factory ! Solvius came onto the scene later but with similar tech and yet does not seem to be experiencing such problems:
https://www.solivus.com/news
"Company is in advanced discussions with multiple strategic funding partners........ "
But what does that mean in practice....? It sounds to me rather like a fire sale of the family silver, and hence why the SP has languished. The only thing to find out is whether the investment price will be north or south of current SP.
This company comes with a health warning after giving out a series of failed order announcements. History keeps repeating ...... The only thing you can place your trust in is money on the balance sheet.
Agfo, LSE investing comes with many many health warnings. It is mainly a place to lose money (God knows I've suffered this). I speak generally, not about this stock.
No, I am not tempted to re-buy Nanogeddon. If I am right then there will be a very long wait for commercialisation, or maybe a slightly shorter wait that ends with yet more disappointment. If 2028 comes about without any mass commercialisation of the tech then Nanoco may face the same sort of business pressure to do a cut-price deal like the one it did with the Samsung litigation, but for now at least that outcome is not a barometer for the future value of the IP simply because Nanoco has a cash pile and can afford to wait it out. I just don't see an exploding mass market emerging for SWIR any time soon.