Along with all the expected news flow we are due, it’s good to see lithium prices rising again.
http://www.dailymetalprice.com/metalpricecharts.php?c=li&u=kg&d=60
Market makers still holding this back 15p UT, must be some buyers in the background.
Ticking up nicely. 14.8p UT
£38k That’s a substantial buy for CTL, someone is loading up, insider buying?, hopefully a Rns might confirm , but £38k is more than just a punt.
Yes July is not that far away now, I expect to see the share price only building as the news release date gets closer.
“· It is expected that by July 2024 the Minister of Mining will list the salars where there is private sector interest in leading exploration projects for lithium production.
· CEOLs are then expected to be awarded by the State for these salars.“
Looking at late trades this morning from Friday, another big buy has popped up, £38k at 14p!!
I knew that they had been holding this back all afternoon, UT 14p, never mind should give us a good start next week.
No reason not to see it back at 15p this afternoon, and the rise will continue towards · “It is expected that by July 2024 the Minister of Mining will list the salars where there is private sector interest in leading exploration projects for lithium production.” I see this at 20p to 30p before then, and possibly 40p after?
I am waiting for at least 2p here in the coming weeks, the shares I picked up sub 0.70 are looking good today but I am not tempted selling yet.
And the share price is ticking up nicely.
Https://twitter.com/jczuleta/status/1777860997132198045?t=0OCf-0SjQbI5kXtsnejmmg&s=19
Plenty of larger buys going through between £12k and £15k someone else is loading on the cheap.
I’ve been waiting to get a lithium stock in my portfolio for a while, looks a good entry point at 11p, I can’t see todays Rns making any difference long term, lithium prices will pickup from what I’ve researched, demand will only increase, so onwards and upwards .
Talk on the news of sanctions on Israel government and companies exporting goods, not sure how this will affect Enet.
I still believe we are going to see 1p even before any contracts are announced and signed.
Enet has dropped too far already, then we should see a easy 2/3 p on news, this could be just days/ weeks away, by the tone of last week’s Announcement
The spread is fairly tight at the moment , I can sell 500k for 0.65.5 and buy the same amount for 0.68.9 so just over 5% spread.
Having looked at last week’s RNS again tonight there’s actually 4 OEM vendors interested in products and potentially contracts with Enet .
In the year to date, the Company has had positive engagement with a number of potential new customers, including two OEM vendors which, following an extensive evaluation of Ethernity's Universal Edge Platform ("UEP") have indicated an interest to adopt and launch the product to their customer base and the Company is in negotiations with these two vendors on potential contracts that could lead to significant business for Ethernity. In addition, two further OEM vendors have indicated an interest to contract the Company for delivery of a UEP based design.
Based on the scopes of work being discussed with these potential new customers, should they lead to contracts, they could contribute between $2.2 million and $3 million to the Company's revenues in 2024. Given the commitment of each customer to adopt the products, this would likely lead to significantly higher revenues in 2025 and beyond.
Slacker, did you not see or read the last RNS, millions of pounds of contracts about to be signed!!! that’s what will move the share price!
The turn around is coming, let’s face it it’s just dropped too far, it should be a easy ride up to 1p this week, then 2p to 3p on any contract conformation.