Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Shame, I fancied a nice lift this afternoon, no way does the current SP reflect todays silver and gold prices.
Id take a finish in the 250's today, think we deserve it
The numbers arent too bad, and the best you could expect with Covid and production down, the challenge going forwards is going to be the strength or weakness of diamond prices, the are up slightly (1700 per carat) from very low levels on previous year, i dont think we are out of the woods by any stretch
ive been trading it since 109p.....well up overall....got caught on this downer but Im not worried.....
Bet you were pleased you sold in 230's, now its in late 220's, a decision thats bound to make you lots of cash, well done
its just dropped a third of its value in the last week and you are selling now, are you insane?
Just confirming what we knew from July update.
better than expected , would have expected debt to increase given the circumstances
The debt doesn't concern me here, had 80m net debt just a year ago with SP at 200p
Colonel says...'The best news PDL investors could wish for right now is that ANGLO step in and offer to buy the business for £20m or £30m but problem is, they can do that directly with Bondholders and get it for $650m with no need to pay shareholders and extra £20m'.
What I say to this is, Bondholders would want some kind of tender/auction process to maximise the asset valuesso Anglo would have no control in this scenario nd could end up paying more or getting outbid, , maybe it would be in the better interests to buy direct from PDL and pay the exta £20m, at least they are guaranteed the asset in this scenario and shareholders get let off the hook....
What I sat to this is
The artcile doesnt tell us anything we dont know, its a toss of a coin and has been for weeks, admin lose your money, or forbearance from lender and enjoy multiple gains.....I paid 5p, theres no point me selling at 1p, may as well sell at 0p
my concern is the indices rallied without any bounce in oil, when indices turn down again so will oil, the whole world is in lockdown for at least another 2/3 weeks, so demand for oil is very weak, huge amounts of the stuff out there , not sure we will see 10 dollar brent but 20 dollar looks very likely IMO, im not invested in PMO but most of my posts have been on here as its a laugh a minute with all the comments, will PMO survive, with its debt burden oil needs to rally hard into late 40's/50's for this to move IMO....much better other investments out there IMO...GLA
Mine shutting is best thing for PDL right now, broker rating 5p should see this TItanic turn upwards, we live in hope
my thoughts too bigsmoke, flushing out the last sellers maybe for a cheap entry, surely unless you knew the inside goings on you wouldn't risk a short this low, a diamond find or update of refinancing and you would get absolutely trashed by the rebound, or they have inside knowledge of imminent admin announcement, both illegal insider trading, so they should be reported....
anyone else think its odd to add to a short when price is 1p ???
Lenders seem to be in the mood to give money away at the moment, i just got a bank overdraft online in 2 mins by clicking a few buttons, it was too easy, with all the money printing going on and helicopter payments to USA citizens being discussed , i think the banks are counting on hyperinflation to get themselves out of this quagmire, lets hope this is the mentality with PDL lenders !!!
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GEMD/14467884.html
this one, this one, this one
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/VGG379591065GBGBXSSMM.html?lang=en
Still producing, still selling, SP a joke
Anyone else think oil price reboot will happen in next 24 hours? Maybe Saudis or Russia will cave in , i doubt either expected 27 dollar Brent this quickly and now everyone is in lockdown , the dire reality of the situation may have dawned on the idiots, we can but hope
Im still in, I bought at 5.80, still believe, I put myself in the lenders shoes, yes PDL need more assistance beyond whats agreed, however diamond market has been in recession for a few years now, and when markets go haywire investors turn to diamonds as a safe haven , so Im confident this is bottom of its cycle, so im taking the punt that lenders will waive a couple of payments, which in turn will underpin PDL, just such an announcement will get us to 7/8p in no time... then the lenders can thrash out new terms with PDL , makes no sense for enders to foreclose and sell mine at bottom of the market