Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Every RRR bulletin board is full of bashing trolls, over on ADV@N it is just the same, anyone new who dares to post anything positive re RRR is drowned out, someone asked for the thread owner to place a widget in the header so IP addresses could be recorded, the individual refused.
Clearly the bashers do not want their locations exposed, one has to ask why !
They are playing a very dangerous game, if lawsuits are being prepared in Canada and Australia re naked short selling it will only be a matter of time before some entity is exposed in the UK and made an example of - it is WAY OVERDUE !
Suggested a run back to the .40p region looked on, very hard to buy online currently, the market makers playing with the SP again, same scenario that took the price through .50p in January, the RSI is still in neutral territory so all the ingredients are there for a strong move.
ORR tweet moments ago..
https://x.com/OrioleResources/status/1775142518557982756?s=20
Surprised more are not taking advantage of the low share price, clearly the ever increasing TR1 holder has confidence, the £3m m/cap seems too low given rises in commodity prices.
Just one piece of decent news and there could be some very strong upside.
Two tweets on RRR
https://x.com/DavidLenigas/status/1775121093872755127?s=20
https://x.com/DavidLenigas/status/1775121798805303631?s=20
With gold hitting $2260 over the holiday period I can see the junior sector bouncing strongly, stocks like ORR could be one of the major winners with no fear of placings and well funded, if, as I suspect, Lanstead have used up a lot of ammunition to try and hold the price around .25p then that just adds to the prospective upside.
My view is ORR shares will outperform other juniors due their strong position + upcoming news-flow, the floor is in here, grab as many as you can IMO.
News
Of course there is naked short selling of RRR, Bell has implied as much himself. I have stated many times it is occurring, do I believe the whole AIM junior mining sector has been shorted by various consortiums YES I do.
I want Bell to expose BB who has been working the board 24/7 bashing away at will, I want the individual pursued like the other fellow who had to pay material damages. Bell himself fired a warning shot at BB (the lead basher) Most individuals would have heeded that warning and backed off but this fellow took no notice, that in itself tells you all you need to know, this individual is working for entities who are profiting from RRR stock price falling, are the market makers involved YES they are, again Bell implied the same.
The whole situation across this sector is grubby and dirty, certain entities have made a fortune shorting these minnows, glad to see the Canadians and Aussies taking action via lawsuits. From March 2021 most of these minnows are down 90% how can this be possible ?? Think about it, who would be selling at lower and lower prices when most have bought at far far higher levels, explain all the bashers that are working the BB's daily, visit any minnow BB and you will see them.
One thing for genuine shareholders to be critical of management concerning projects, quite another entities suggesting RRR will get suspended, go bust etc, etc. Anyone who spends hours looking at documents from Companies House, (like BB did) seeking to de-ramp material is not your 'normal' poster.
It is plain and obvious what is going on here and elsewhere, it is about time the authorities stepped in.
The plain fact is FCM shares have fallen from 18p to a miserable 2.8p in 15 months, a lot of folks are sitting on huge losses as a result, unfortunately this type of performance is typical of companies that raise via equity, once you set the ball rolling placing stock your shares become a rolling short, this has happened here.
I attend many investor events and most BOD's have no understanding of market shenanigans, this includes forward selling of placings, the rolling short scenario, Spread-bets and CFD's where individuals can profit from downside, market maker antics who often are 'naked short' - the list goes on. I have spoken to a number of directors in the junior resource sector who truly believe the market, in particular the company broker/advisors, are totally aligned to company aims and are working for shareholders, not so!
The moment any company speaks to 'The City' over funding the stock price will start its decline, it can take a 4-6 weeks to arrange a placing, forward selling occurs almost immediately, for example with FCM if MS was touting for funds around January these insiders would be selling FCM stock at 6p/5p/4p/3p and may offer him cash at 2.5p as an example.
I listened to the last podcast and was hugely disappointed that MS ended a quite upbeat session by saying 'the elephant in the room', funding, will be needed and kind of implied it would be equity - a big mistake. To me that statement explains the SP fall, he has been doing the rounds trying to secure funding.
So we will see, unfortunately the market will drop a price at will but getting the price back up is a Mount Everest event, I fear anyone in above 10p may not see their money back for a very long time, if ever, time will tell.
The two 6m trades were rollovers almost certainly, there was a nice 7.5m buy at .27p earlier however and a number of decent buy prints around the same time.
I remain convinced Lanstead are working their socks off to quell demand, trying and hold the SP around the benchmark .25p level. My view remains they have dumped far more shares than they would usually do at this stage of the arrangement, failure to declare their position should tell you all you need to know.
In respect of the AIM market I have never seen such negativity, companies delisting, placings at penal discounts, directors complaining about the market failing to reward successes, retail investors in droves saying they will never invest on AIM again, even seasoned investors are getting tired of the shenanigans.
I think ORR is in a good place, at some point heavy volume will return and Lanstead will have run out of ammunition to contain the rise.
Latest from Bell on X, oh it's Easter.
https://x.com/ABell2019/status/1773303621335069034?s=20
Can confirm most platforms are 'at best' only in Red Rock currently.
As I say, no idea what is going on, Lenigas could loan the company millions if he so desired (he even posted a year or so ago that if any junior wanted cash for XYZ project to contact him) one suspects Lenigas will be involved with New Ballarat.
I have commented before how poor Bell is at media, every statement is surrounded by fog, he goes off on tangents, he needs to be more concise and to the point, when was the last time he EVER mentioned creating shareholder value ??
Some update on the DRC must be due, one wonders how competent this 'Barry' fellow is (local legal advisor) he also seems to have very diverse views on just about everything based on his X posts.
The only 'hope' is that the former JV partner also want their money so whoever has to sign off the arbitration outcome must be under pressure from two parties.
It is not inconceivable for the share price to rally from current levels to .50p+, it happened at ORR recently from the same base price (I was a holder) the deal that did the rerate was a JV which placed $2m into the kitty and a exploration spend of $8m over a number of years.
The difference with ORR over RRR is that ORR have a competent management suite whereas RRR has AB.
I have been looking at the FCA website and there is a very easy way of reporting suspected market manipulation via this link and using the 'webform' facility.
https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual
Failure by an entity to update the market of their equity position on a timely basis does constitute a form of market manipulation, as per Bob Smeeton's interview, any individual with a holding over 3% are supposed to report every 1% move.
The reason the TR1 rule exists is to give onlookers a view to how a share price may perform over the short/medium term, for example, how many times when a major seller declares they are either out or nearly out the share price will bounce, sometimes disproportionally.
My view is some entities do not report on-time for a purpose, I also believe that companies should remind entities of their declaration responsibilities.
Something for consideration.
The update today was bullish from the Chair, no wonder given the potential, gold touching $2200oz overnight.
There are two possibilities to this relentless decline in the share price, one is there is a background seller or they have been doing the rounds for funding, in current markets that means a heavy discount.
Have checked online limits with each drop and you can buy 500k of shares at offer price, that is not normal in a usually illiquid stock like this.
Management have done a number of promotes and interviews over recent weeks yet have never ever mentioned the woeful share price performance, it is all well and good acquiring new licences but how about monetising some along the way.
I am always nervous when geologists are 'in power' like MS is here for example, has anyone noticed he only holds 400,000 shares, that is rather pathetic for a CEO don't you think.
Goodness knows where the SP is heading, market cap now around £2.5m yet have all these brilliant licences according to the BOD, sounds like Panther Metals all over again.
Https://x.com/vast_resources/status/1772994795851407682?s=20
The ironic thing is that faceless Lanstead, you know the ones that have a website with no individual names of sales agents, management or directors are probably reading this and laughing their socks off at us all as we speculate their position.
IF they were going to declare every 1% then they should have done so when they sold another 35m shares, dropping through 20% in the process, we all know they have probably sold 200m/300m shares as the total volume since 28th December has been 1.6b.
Frankly I do not know how they get away with it.
I suspect ORR management do not want to upset them as clearly they find the funding arrangement fantastic !
Bell is happily tweeting away on X concerning the Russians, someone told him to stop tweeting on personal matters during business hours, he rebuffed the individual suggesting he (Bell) was overloaded with work and had done XYZ loads of business in the day and night.
Make of it what you will... https://x.com/ABell2019/status/1772972133355802760?s=20
Great post on the other thread and show why the share price is accelerating, the Health & Nutrition business is booming.
thecoyone
The last broker note suggested CNSL Health & Nutrition business was worth £25m or around 10.3p a share.
CNSL main market is No4 on the list below, growing at a rate of 15% pa.
CNSL currently has an EV of circa £4m, that is totally ridiculous and why the shares are a gift, they would still be cheap at 10p a share !
Read this...
The **nutrition industry** is currently experiencing significant growth, driven by increasing awareness of how diet affects health and the benefits of various eating habits. Here are some key statistics related to the nutrition market:
1. The nutrition market is estimated to be worth **$326 billion** in **2024**¹.
2. It is predicted to reach **$347.5 billion** by **2025**¹.
3. The market is growing at a rate of **6.6%** each year and is expected to continue at this pace¹.
4. **Personalized nutrition** through apps, testing kits, and programs is growing at a faster rate of **15%**¹.
The post by Schiehallion showing the cash input from the Lanstead deal explains why Lanstead are doing all they can to quell the share price rise, how many funding deals have Lanstead completed where they have had to pay MORE than the benchmark level, I can tell you hardly any.
No wonder they refuse to declare their position, if they did, as mentioned previously, their selling was at the higher end of expectations it would encourage bulls and they would be in deep dung for the remained of the agreement.
All one can do is buy these shares around current levels, the floor appears to be well in around the .25p level now, we all know how little it took by way of volume kick to move the SP to .57p in late January, it can happen again and will IMO.
I see RRR man in the DRC namely Barry has been active on X, quite unique he has now posted twice in the last week whereas before he had not posted for months on end.
No idea where Bell is, no idea what is going on, no idea what is next, a supposed 2 day DRC event has now run 2 weeks, or is Bell back in the UK ?
https://x.com/barrykzd/status/1772877649792098797?s=20
Are promoting CNSL over recent weeks, these include Zak Mir, Sharetalk and Vox Markets, all these outfits have tens of thousands of followers on X and their own websites.
The tidal wave of demand for stock in CNSL is there for all to see, the market makers are struggling to contain the share price, coiled spring comes to mind.
Ignore the foolish and bitter bashers, they bought at the height of the Covid bubble when the company was valued north of £80m, lost a packet, are now trying to deter onlookers buying when the enterprise value sits at a measly £4m and the company has materially changed operationally. How pathetic !
News cannot be far away, the rerate will continue for certain.
Just to add, the CEO of POW, who are one of FCM's largest shareholders, in the same podcast (link in earlier post) made a vicious attack on the antics of AIM brokers/market makers/insiders by suggesting they are happy to destroy value, not add it when deserved, want heavy discounts on equity raises and the latest trend being demanding warrants so they can flip the shares and sit on free warrants. In other words the whole system is failing he implied.
He more or less said unless this changes he will go elsewhere for finance, hopefully the BOD of FCM will take his advice.