Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What’s also interesting is this extract from todays RNS
The Company's former Chief Executive Officer, Mr Laurence Read, is not receiving any Conversion Shares in light of his previously announced resignation (effective from 2 February 2022).
We keep proving up and proving up after every RNS and it doesn’t make a difference. We had Adam and he couldn’t commercialise us. We need to keep Myles for the technical but we need a Colin Bird or someone of that ilk to sell this asset. We need it very soon. In fact we need it by mid September at the latest. Come on Colin rescue us before it’s too late!
Going back to my post on the 13th July when Myles replied to my email saying:
"We are waiting on one thing and then will have a full announcement once all works are complete to give investors the full picture"
I think the RNS was the one more thing and the next announcement will be the JV or asset bought.
After administration fees and expenses there will be nothing left for shareholders unfortunately. I've seen this so many times and this is the 2nd aim stock of mine that this has happened to. The 1st was INTU and this will be the same outcome.
Lets hope he can turn things around. Like the fact he's got bags of experience in the domestic market as this is what will make the big profits. A lot more than the industrial washing machines.
Jcreek2020, your post below to tiger baffles me as you tell him to sell now but you have labelled your post as strong buy. Taking pleasure out peoples misfortunes is very sad indeed. Please inform me of your "Strong Sells" and I will buy :)
Still showing on my BestInvest account both SIPP and ISA
Maybe we need Colin back:
https://www.lse.co.uk/rns/XTR/fair-bride-update-1oi815t7tvjdeq6.html
If its anything like the administration that INTU went through it will be 0%. Obviously as an investor in POG I hope not but I'm going with the approach of write it off and move on and if I do get anything then its a bonus.
PI's are generally the last on the creditors list and by the time they reach us there's nothing left. Again hope I'm wrong.