Member Info for Hedgehog100

01-Apr-22 11:33:30 30.00 100,000 Unknown* 28.00 32.00 30.00k O

Hopefully this late-reported £30K. CTL buy will have cleared out a lot of the available stock.

There's clearly a stream of positive developments expected in the near term, and the company looks like they will be keeping the market well-informed of progress.

From the current undervalued level, that set a good basis for a positive rerating, especially as more of the investment community becomes aware of this opportunity.

4th Apr 2022 7:00 am RNS Change of Adviser
"SysGroup plc (AIM:SYS), the multi award-winning managed IT services and cloud hosting provider, is pleased to announce the appointment of Zeus as Nominated Adviser and Sole Broker with immediate effect."
https://www.lse.co.uk/rns/SYS/change-of-adviser-yj83anmagabehlf.html

SYS had cash of £3.47M. at 30 September 2021 (30 September 2020: £3.02M.), and net cash at 30 September 2021 of £1.96M (30 September 2020: £1.17M.), and is profitable.

But the company has been looking for acquisitions, and with the appointment of Zeus something could be in the offing - perhaps something quite substantial.

With depressed tech valuations now looks like a good time to be buying, and acquisition placings tend to be at higher prices than placings to fund losses.

From the current depressed s.p. of 23.5p, a premium placing should be very possible.

We should receive a year end trading update from SYS for the year to 31st. March soon (it was on 19th. April last year).

And interestingly, SYS has 9 current job opportunities on its website, which suggests that business is good.

"Current Opportunities

We are always on the lookout for sharp, agile and enthusiastic people to join our team! If you are excited by who we are and what we do and want to be part of SysGroup then take a look at the amazing opportunities below."

https://www.sysgroup.com/about-us/careers/current-vacancies

4th Apr 2022 7:00 am RNS Operations, Corporate Update & Resource Drilling

... Admission to the National Mining Society in Chile - SONAMI

Sociedad Nacional de Minería

The Company is pleased to announce that it has been admitted as a new member of the National Mining Society in Chile, Sociedad Nacional de Minería ('SONAMI'), a Chilean trade association that represents and supports international mining activity in Chile. The trade association brings together over 70 medium-large mining corporations operating in Chile, as well as 38 regional mining associations, representing more than 2,000 small mining entrepreneurs.

This is an important development for CleanTech Lithium and the membership will support the Company in its in-country relations and advancement of its two lithium projects towards production by H2 2024.

Competent Person

The information in this release relates to Exploration Results based on information compiled by Christian Gert Feddersen Welkner, who is an independent Qualified Person to the Company and is a Member of Comision Calificadora de Competencias en Recursos y Reservas Mineras Chile that is a 'Recognised Professional Organisation' (RPO). Mr Feddersen has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Feddersen consents to the inclusion in the press release of the matters based on his information in the form and context in which it appears.

**ENDS**

https://www.lse.co.uk/rns/CTL/operations-corporate-update-resource-drilling-pp67601n6snet9j.html

4th Apr 2022 7:00 am RNS Operations, Corporate Update & Resource Drilling

... Francisco Basin Drill Program Progress Update

A resource drilling programme, consisting of 4 wells in total, at Francisco Basin is aimed at producing a maiden resource estimate. Two drill holes are planned in the current drill season, which ends in mid-May due to the onset of winter, and two further wells are planned for the next season, starting in October 2022.

The two wells drilled this season will form the basis for a JORC Inferred resource estimate, based on a 2.5km radius around each of the drill holes. The two wells next season are expected to provide the basis for upgrading the resource to the Measured and Indicated category.

The drill rig is currently positioned at hole FB01 where drilling has reached a depth of 224m. Drilling encountered the target brine aquifer at approximately 100m, and then encountered a confined aquifer at 185m with high pressure and brine flow rates. On completion the drill hole will be cased, developed, and sampled.

Sampling and Resource Estimation Update

Brine sampling at holes LV01 and LV02, on Laguna Verde, will be completed this week and submitted for laboratory analysis. Results for this first batch of brine samples is expected in early Q2 2022 which will be announced to the market. Brine samples from remaining holes drilled at both projects in the current season will be received over the course of Q2 and further announced to the market. Based on completion of the four-hole drill programme at Laguna Verde and two holes at Francisco Basin, an upgraded resource estimate for Laguna Verde and a maiden resource estimate for Francisco Basin is also expected to be completed in the second quarter.

CEOL Applications

As part of the change of Administration in Chile, the Company was informed in the last week that the process of awarding special lithium operation contracts ("CEOL") has been suspended and as a result CTL will be resubmitting the applications for its two projects. The CEOL licences are not required until the production phase of the projects, with first production anticipated in 2H 2024, and so the Company has considerable latitude in the timing of resubmitting the applications, but nonetheless expects to do so in the coming weeks and will update the market accordingly.

It has been confirmed that the previous applications submitted by the Company's subsidiaries were well received and CTL has been encouraged to resubmit the applications. The Company's senior management has had regular and positive discussions with representatives of the new administration, including at senior level, and is confident in the new applications. Recent public statements made by the current administration indicating their support for lithium project developments using clean technology further adds to that confidence. ...

https://www.lse.co.uk/rns/CTL/operations-corporate-update-resource-drilling-pp67601n6snet9j.html

4th Apr 2022 7:00 am RNS Operations, Corporate Update & Resource Drilling

Resource Drilling Programme

The Company is undertaking an eight-hole drilling programme at its two projects Laguna Verde (4 holes) and Francisco Basin (4 holes), located in the lithium triangle of Chile with a total licence area of >175km2. Both projects are situated within basins entirely controlled by Cleantech Lithium, which affords significant potential development and operational advantages. The projects have direct access to excellent infrastructure and renewable power.

Laguna Verde Resource Drilling Programme Progress Update

The resource drilling programme at Laguna Verde, which commenced in January 2022, is aimed at upgrading the sub-surface resource from Inferred to Measured and Indicated in accordance with the JORC Code. This will provide the basis for undertaking a Pre-Feasibility Study on the project.

The Laguna Verde project has an existing JORC compliant resource estimate of 77,834 tonnes of Lithium Carbonate Equivalent (LCE) in the Measured category, which comprises the surface resource, and 1.16 million tonnes LCE in the Inferred category, which comprises the sub-surface resource.

The current drilling programme comprises four drill holes. LV01 was drilled to a depth of 474m, having encountered a brine aquifer thickness of 348m. LV02 was completed at 339m and recorded an aquifer thickness of 282m.

Both holes have been cased to a depth of 320m, with slotted casing used from the aquifer starting depth. At LV02 a total of 25 brine samples were collected from the aquifer. Sampling is proceeding at LV01. The drill rig is currently positioned at hole LV03 where drilling has reached a depth of 364m.

Drill hole locations were selected to minimise any potential environmental impacts, with each hole located at least 200m from the margin of the surface lake and at a significantly higher elevation. Each hole drilled during the current programme can be converted into a production or hydrogeological monitoring bore. The location of any future production bores will also be selectively located to minimise impacts.

A geophysics programme based on a Transient Electromagnetic ('TEM') survey was also completed in March 2022 by Geodatos. The programme supported the relocation of hole LV04 to the east side of the lake, due to accessibility problems relating to the initial location. It also tested deeper aquifer target zones on the eastern area of the licenses, to generate potential additional drilling targets. ...

https://www.lse.co.uk/rns/CTL/operations-corporate-update-resource-drilling-pp67601n6snet9j.html

4th Apr 2022 7:00 am RNS Operations, Corporate Update & Resource Drilling

To view the release with pictures of project locations and drill programme maps please click this link: http://www.rns-pdf.londonstockexchange.com/rns/0606H_1-2022-4-3.pdf

4 April 2022

CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")

Operations and Corporate Update

Resource Drill Programmes Progressing at Laguna Verde and Francisco Basin Lithium Projects

CleanTech Lithium PLC (AIM: CTL), an exploration and development company, advancing the next generation of sustainable lithium projects in Chile, announces an operations and corporate update, following its recent Admission to AIM, in line with its stated strategy to produce low or zero emissions lithium, a critical advantage in the fast-growing EU market, by H2 2024.

Overview

· Resource drilling at its two projects Laguna Verde and Francisco Basin, located in the lithium triangle - the world's centre for battery grade lithium production, is progressing well and as planned

· Drilling has confirmed the presence of sub-surface brine aquifers in both projects

· Brine analysis results from six holes of an eight-hole programme (4 holes at Laguna Verde and 2 holes at Francisco Basin) expected in Q2 2022

· An upgraded JORC compliant resource estimate for Laguna Verde and a maiden resource estimate for Francisco Basin targeted for Q2 2022

· Updated JORC compliant resource estimate at Laguna Verde to provide basis for Pre-Feasibility Study

· Admitted as a new member of the National Mining Society in Chile - SONAMI, a Chilean trade association that represents and supports the advancement of mining activity in Chile

· CEOL application for production licence to be re-submitted in line with new Government and administration process

Commenting, Aldo Boitano, Chief Executive Officer, of Cleantech Lithium PLC, said:

"As outlined in our recent Admission to AIM announcement, it is our intention to produce low or zero emissions lithium, a critical advantage in the fast-growing EU market, by H2 2024. The resource drilling programmes at Laguna Verde and Francisco Basin are an important step of this journey.

"The resource drilling programmes, which commenced in January 2022 at Laguna Verde and in March 2022 at Francisco Basin, are progressing well and importantly, in line with management's expectations, confirming the presence of sub-surface brine aquifers at both projects. Brine sampling is underway with assay results due in Q2 2022. These results are also expected to provide the basis for an upgraded resource estimate at Laguna Verde, and a maiden resource estimate at Francisco Basin in Q2 2022. We look forward to updating the market on our assay results and full results of our resource drilling programmes in due course." ...

https://www.lse.co.uk/rns/CTL/operations-corporate-update-resource-drilling-pp67601n6snet9j.html

Bens Creek (BEN), the owner of a metallurgical coal mine in North America, floated at 10p on 19th. October last year.

In about five months it's ten-bagged, to its current s.p. of 90p, maket cap. £322.13M.

GCM's net assets are £36.715M., largely accounted for by the value of the Pulbarri project, which equates to 20.5p per GCM share.

The accountants would have written this down if impairment was justified, which happens in such cases, but in this case the value is more than justified considering the compelling nature and value of the project.

Indeed the real value, with rising coal prices, is likely to be far more, as the balance sheet value only reflects sums previously invested.

Countries are now seeking energy self-sufficiency, especially in light of the Ukraine-Russia war, and understandably so.

And higher energy prices have increased the costs of fright, making domestic resources more cost-effective on a comparative basis.

Which means that the time is now ripe for Bangladesh to develop its vast domestic coal reserve at GCM's Phulbari project, especially as it has been expanded to encompass a huge renewable energy element.

This project could provide coal for Bangladeshi coal-fired power stations that have ALREADY been built or are underway, so no new coal-fired power stations would be required for this project.

Which means that there's no reason to think that China wouldn't fund this project.

25th Mar 2022 7:00 am RNS Interim Results 6 months ended 31 December 2021

" ... -- World energy crisis now exacerbated by turmoil unfolding in Eastern Europe and timeframe for energy and power markets to return to normality appear to be extensively protracted;

-- Supply chains are under enormous pressure and international shipping freight rates are skyrocketing;

-- In response to the above, countries are trending towards developing internal natural energy resources to enhance energy security and control costs;

-- Bangladesh's gas reserves have depleted and the country appears to be exposed to the growing uncertainties and risks of supply and costs in the highly competitive world energy market. ..."

https://www.lse.co.uk/rns/GCM/interim-results-6-months-ended-31-december-2021-lt2m0x7blwadi4o.html

PPP looks very undervalued at just 27.5p, market cap. £22.95M. including the 30.3.22 CLNs conversion, ahead of what should be a period of very exciting newsflow from the company, on multiple fronts.

Here are a few key points:-
• Holding U.S. oil-gas operations attractive at sub-US$30/barrel oil prices, compared to the current price of over US$100/barrel.
- In a vast field 100% owned by PPP.
• Heads of terms just agreed to farm-in to a huge Tunisian gas project, with up to 15.2 trillion cubic feet gross potential in multiple targets.
- Payment was at a deemed 35p per PPP share, with a work programme to be carried out this year.
• £20M. share subscription facility arranged and available, with warrants at 40p each.
• Negotiating the acquisition of a portfolio of green technologies to commercialise.

16th Mar 2022 4:42 pm RNS Placing and Broker Appointment

" ... Tom Evans, CEO of Pennpetro Energy plc, commented:

"We thank our existing shareholders and welcome our new investors to our ongoing development initiatives, as we simultaneously progress and complete our proposed farm-in agreement with Upland Resources. Shareholders can confidently look forward to an exciting and progressive series of developments in the near future." ... "

https://www.lse.co.uk/rns/PPP/placing-and-broker-appointment-voszxd1ao8ss4ia.html

I'm changing my longer term view on CTL to more bullish.

The outlook for the lithium price looks more resilient than I had thought, despite the big move up.

In addition, Clean Tech's plans were apparently made some time ago and are based on much lower Lithium prices than we have at the moment.

I'd still be wary of some lithium stocks that have already moved up so massively to vast valutions, e.g. ASX-listed stocks Core Lithium (AU$2.35 billion market cap.) and Liontown Resources (AU$4.12 billion market cap.).

But CTL looks very undervalued, and I think could potentially ten-bag over the next couple of years, from its current s.p. of just 29p.

It could also potentially see some reinvestment from other lithium shares that have already multibagged.

"Mining 01/02/2022
IPO-Research: Cleantech Lithium
Lithium Disrupter: Meet the Next “Big”, while it is still Small
... It is now increasingly obvious that the long-term price assumptions (long-term consensus numbers are still averaging ~$15kt LCE) are too bearish...."
https://ctlithium.com/wp-content/uploads/2022/02/Cleantech-IPO-CLT.pdf
https://ctlithium.com/

Combined with the comments from the CEO of Pilbarra reported yesterday, research suggests that long-term lithium price assumptions should be revised upwards:

"Carmakers will ‘pay through the nose’ for lithium: Brinsden
Michael Bennet WA reporter
Updated Apr 1, 2022 – 2.09pm, first published at 7.00am
Outgoing Pilbara Minerals chief executive Ken Brinsden has tipped lithium miners to keep “winning” the margin battle in the electric vehicle supply chain as prices surge, arguing supply is simply too far behind demand – and carmakers will have to keep “paying through the nose” for the key battery material. ..."
https://www.afr.com/companies/mining/carmakers-will-pay-through-the-nose-for-lithium-brinsden-20220331-p5a9ug

Especially in view of the Ukraine-Russia war:

"Before invasion, Ukraine’s lithium wealth was drawing global attention
Ukrainian researchers have speculated that the country’s eastern region holds close to 500,000 tons of lithium oxide, a source of lithium, which is critical to the production of the batteries that power electric vehicles.
By: New York Times |
March 3, 2022 2:08:57 pm
Written by Hiroko Tabuchi
... Ukraine’s potential for lithium production had started to attract global attention. In November, European Lithium, an Australian firm, said it was in the process of securing rights to two promising lithium deposits in the Donetsk region, in eastern Ukraine, and Kirovograd, in the center of the country. The company said at the time it aimed to become Europe’s largest lithium supplier. ..."
https://indianexpress.com/article/world/before-invasion-ukraines-lithium-wealth-was-drawing-global-attention-7799024/

There's a fairly typical new issues aftermarket pattern that often applies in case like this.

An initial spike at listing, as some new investors have the opportunity to buy in for the first time.

Followed by a brief fallback to or towards the IPO price, as some investors take profits.

Then followed by the s.p. taking off, as the wider market becomes aware of the opportunity, sometimes helped by press coverage etc., and positive newsflow starts and is anticipated.

This pattern was followed by BHL (Brada Head Lithium), which floated on 19th. July last year at 5.5p.

There was an initial spike to over 8p, followed by a quick fallback to about 6p in late July.

Before taking off again, reaching 10p in mid August.

BHL is currently about 15p, having traded recently at over 17p - over three times the IPO price.

If CTL performs similarly, it could potentially hit 50p at Easter.

"Mining 01/02/2022

IPO-Research: Cleantech Lithium

Lithium Disrupter: Meet the Next “Big”, while it is still Small

... The implication being, that when comparing construction and resultant production times for traditional spodumene (with relatively long lead times) and conventional brines (typically > four plus years from FID to first commercial production), compared to that of the new generation DLE projects; their ability to get into production is going to be substantially shorter. DLE could be a disrupter technology, with the ability to create large volumes of relatively low-cost, high-quality LCE in a far shorter time frame, potentially replacing other sources, and becoming the dominant brine extraction method.

CleanTech has a number of clear strategic and project specific advantages from an investment perspective, namely: ...

• Lithium demand is fundamentally tied to the continual growth of EVs/hybrids. We currently forecast that batteries are to make up >80% of all lithium demand by the end of the year 2022; with demand likely to largely outstrip supply for the following decade. ..."

https://wp-ctlithium-2022.s3.eu-west-2.amazonaws.com/media/2022/02/Cleantech-IPO-CLT.pdf

https://ctlithium.com/

"Mining 01/02/2022

IPO-Research: Cleantech Lithium

Lithium Disrupter: Meet the Next “Big”, while it is still Small

... From a historical perspective, the largest and most economically important continental Li brine occurrences are located in the Andes of Chile, Argentina, and Bolivia; these have been exploited commercially for decades, relying on conventional evaporative enrichment. We believe, however, that this status quo is about to be challenged over the coming decades as the widespread adaptation and dispersment of DLE technology among Andean semi-mature salars increases. The number of potential projects could, theoretically, supply much of the forecast demand growth expected from EV adoption over the coming decades.

Looking at the above peer comparisons (Tables 1 & 2), one would be tempted to believe that there is an enormous “wave”18 of potential Lithium supply about to engulf the market. To demonstrate how unlikely an event this is, we have enclosed Figures 22 & 23 generated by Orocobre back in 2019. It covers the last lithium boom from 2016 onwards demonstrating how, on average, only 20- 25% of slated capacity ever came into fruition. Moreover, this Bow-wave relationship can be observed in virtually any other commodity (e.g. copper, iron ore, zinc, etc.).

The key takeaway for the long-term investor, therefore, is to select companies that are more likely than their peers to enter production inside the investment timeframe (i.e. the period defined where demand exceeds supply). In this instance, we believe that global demand for lithium is, and will continue to be, driven by EV adoption; and, as a result, will likely be in shortfall for the ensuing decade (see section titled EV Sales driving underlying Lithium Demand).

The biggest difference between the last lithium construction boom in 2015/16, and the current period, is that although various DLE technologies have been utilised at Salar de Hombre Muerto among other sites for well over a decade; it’s general absence within the lithium industry, historically, was the result of sufficient availability of productive South American mature salars. This is no longer the case, and even more importantly, product quality/purity specifications for LCE have increased dramatically. It is now increasingly obvious that the long-term price assumptions (long-term consensus numbers are still averaging ~$15kt LCE) are too bearish. ..."

https://wp-ctlithium-2022.s3.eu-west-2.amazonaws.com/media/2022/02/Cleantech-IPO-CLT.pdf

https://ctlithium.com/

"Mining 01/02/2022

IPO-Research: Cleantech Lithium

Lithium Disrupter: Meet the Next “Big”, while it is still Small

... From a global perspective, there is a growing realisation that direct lithium extraction (DLE) technologies now provide the most realistic production path for most of the remaining salar plays. Historically, semi-mature salars were ignored on the basis that evaporation times would be prohibitively expensive capex wise, that the number of ponds and the timeframe needed to gain sufficient evaporation would be exorbitantly expensive. This is why DLE will become transformative, it is cost-competitive and eminently scalable. Efficient because it removes only lithium from brine, with higher recoveries and purities. The enrichment process occurs over a period of days, many orders of magnitude faster than conventional Salars, which even under ideal conditions, still take 12-18 months. Environmentally, DLE technologies have a significantly smaller footprint and does away with the need for large expensive evaporative ponds; allowing the operator to return the brine to the source with no fundamental change in chemistry.

In the lithium space, we believe that CTL is the standout opportunity, offering a compelling investment narrative, with a strategic plan that could transform this company in 12-18 months’ time. The confluence of specific advantages include:

• First mover advantage: The company acquired two significant semi-mature salar projects, with enormous land packages covering the critical areas of interest. There are very few suitable Andean aquifer projects available, taking into consideration the size and quality of Laguna Verde and the Francisco projects;
• Geochemistry: Andean lithium brines contain far lower Mg, Ca and other cation ratios in comparison with other potential salars globally (especially those in Asia), making them eminently suitable for DLE. Several preliminary metallurgical tests (from both projects – see “DLE Lab Results” section) have recoveries in the vicinity of 82-90%;
• Technical team: Exceptional experience in lithium and relevant processing technology expertise with all the major industry participants;
• Rapid progress: Expect completion of scoping study and prefeasibility study (PFS) on Laguna Verde by the end of 2022, and possibly a second PFS on the Francisco Basin by mid-2024;
• Governmental applications: CTL has already submitted a CEOL application to the Ministry of Mining for the Francisco Basin covering 20ktpa, over a period of 41-years. In addition, at the same time, a second application was submitted for the Laguna Verde, also for 20ktpa over a period of 36-years; and
• Existing infrastructure: Project access and power infrastructure for both projects are readily available. ...

Valuation Drivers – Expect Substantial Re-rating within 12-months ...

https://ctlithium.com/

There's a useful analyst report on CTL's website from Fox Davies research, from a couple of months ago.

It looks like the IPO price was lowered from 40p to 30p because of market conditions.

Very little is floating the moment, so the fact that the IPO went ahead at all is testament to the investment demand for quality lithium stocks.

"Mining 01/02/2022

IPO-Research: Cleantech Lithium

Lithium Disrupter: Meet the Next “Big”, while it is still Small

Indicative IPO Price £0.40
Indicative Raise £6M
Pre-Money Valuation £24.8
12 Month Target £1.05
3 Year Target £2.60

Summary
• 81% of global lithium demand in 2022 will be via ion-batteries
• Two Chilean-based lithium projects, collectively, >180km2
• Maiden JORC Resource 1.2Mt Li2CO3
• Substantial resource upgrades inevitable
• Direct Lithium Extraction (DLE) Recoveries of 82-90%
• Potential 40ktpa producer by 2028
• 12-month target £1.05ps
• 3-year target £2.60ps

The six-fold spike in lithium price over the past 12-months is not due to commodity speculation but is a direct consequence of increased global EV demand. BEV sales in the combined markets of China, Europe, and the US, have surged ~77% over the pcp, accounting for ~7.4% of all vehicles sold in 2021; with battery producers struggling to secure lithium supply at any price, a situation that could easily last until the end of the decade.

CleanTech Lithium (CTL) has a first mover advantage, acquiring several immature salar basins in their entirety, within a world-class lithium producing district. The collective tenement packages (Laguna Verde and Francisco Basin) cover >180km2 , with a maiden resource of 1.2Mt Li2CO3. A number that we consider extremely conservative, because (i) the grade was based on diluted surficial waters, (ii) the orebody dimensions followed the outline of the lake, as opposed to the actual basin morphology; and (iii) it was calculated to a maximum depth of 400m, despite geophysics suggesting that the actual value could be far greater.

CTL have a number of in-country industry experts, who are collectively approaching a century of experience, having already worked on virtually every major Andean salar operation in existence. DLE projects don’t require evaporative ponds, saving >30% in capex and construction times, whilst enrichment occurs within tens of hours as opposed to the typical 12-18 months taken by traditional evaporative methods; with higher recoveries, purities, and operating cashflows occurring at least several years earlier.

We strongly believe CTL is the most attractive nontraditional lithium play globally. ..."

https://wp-ctlithium-2022.s3.eu-west-2.amazonaws.com/media/2022/02/Cleantech-IPO-CLT.pdf

https://ctlithium.com/

Thanks to Andrbea on ADVFN for flagging up these new article today:

"Carmakers will ‘pay through the nose’ for lithium: Brinsden
Michael Bennet WA reporter
Updated Apr 1, 2022 – 2.09pm, first published at 7.00am
Outgoing Pilbara Minerals chief executive Ken Brinsden has tipped lithium miners to keep “winning” the margin battle in the electric vehicle supply chain as prices surge, arguing supply is simply too far behind demand – and carmakers will have to keep “paying through the nose” for the key battery material. ..."
https://www.afr.com/companies/mining/carmakers-will-pay-through-the-nose-for-lithium-brinsden-20220331-p5a9ug

"Lithium Mining Market Booming as EV Popularity Skyrockets
Published: March 30, 2022 at 8:48 a.m. ET"
https://www.marketwatch.com/press-release/lithium-mining-market-booming-as-ev-popularity-skyrockets-2022-03-30-81974830?siteid=bigcharts&dist=bigcharts&tesla=y

CTL's IPO fundraising was at 30p, so anyone selling at under that now must be selling at a loss.

Strange that anyone should chose to do so now, when they had nearly two weeks after the IPO to sell at a profit, and with good newsflow imminent.

It looks like just a bit of small retail selling though.

" ... the many who have lost life changing money on this share. ..."

Goonerboy,

Do you accept that it is reckless to put life-changing amounts of money into one penny share?

Especially one that had gone up so much, so quickly, to such an inflated valuation.

You need to accept that it was reckless to do that, however it worked out.

But how much easier to blame others, rather than taking responsibility yourself.

The prior, inflated valuation was clearly bonkers, and the huge increases in the market cap. on sometimes relatively modest news was crazy.

I recall one day in 2020 when the ODX put on about 22p in one day just for getting a CE-Mark, which is in effect just a relatively simple self-certification exercise. -

27th Apr 2020 7:00 am RNS CE-Mark of COVID-19 ELISA antibody test
"Omega (AIM: ODX), the medical diagnostics company focused on CD4, infectious diseases, food intolerance and allergy testing, announces that it has CE-Marked Mologic Ltd's ('Mologic') first generation ELISA1 antibody test for COVID-19. ..."
https://www.lse.co.uk/rns/ODX/ce-mark-of-covid-19-elisa-antibody-test-d405zsnif2a8fj7.html

Where was the lying from the company?

I'm a very emphatic person, and I would be very sympathetic to anyone who said something like the following:

'I behaved like a complete prat, putting far too much money into a massively overvalued bubble.
I'm really upset about my own stupidity and losses.
But I'm going to take responsibility for my own mistake, and learn from it to become a better investor.'