Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Ripe for a takeover by an innovative Fintech IMO.
Comparators are at 19 mins in this presentation.
https://www.youtube.com/watch?v=nWSY53IR61c
I do not see BHL as a comparison. CTL just has Brines. BHL have barely explored their Hard Rock, Clay and Brine projects. I see Galan as a better comparison.
They do not know how to communicate to the market. In part, the board in general do not have experience of running a PLC in todays world. Monetisation of their business i am sure is happening but the cash position in H1 2021 looks bad at that time given the rate of spend. Furthermore, the market has been generally selling off fintech for the last 12 months.
1 million of LCE from 30mt of spodumene and there is a £350 mill MC. Amazing. Close to production really adds a premium to the SP.
I opted for BHL over ZNWD. More SPOD and Brine in the USA. Good research note here https://www.braddaheadltd.com/wp-content/uploads/2022/03/20220329-BHL-Initiation.pdf