Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It’ll just keep sliding until the delist. Any doubt, just take a visit to your local store. The reasons are there for all to see.
I still don't get this listing location malarky. If the FTSE is so undervalued surely it is just a matter of time until this is taken on board by the wider market and people will start buying. Isn't this what is already happening? Things go in cycles. Is it not just our turn now (even if we don't ever reach the heady heights of the US market)?
Love this share!!!
Agreed Dr Patience. If we want more people to do business in the UK you need to believe in the rule of law, and have confidence that the government will not take steps to force amendments to contracts retrospectively. The precedent this would establish would be damaging in the extreme - but the whispers are that is the direction of travel. I have sympathy for the tenants, but ultimately they knew what they were signing up for - or should have done if they read what they’d signed up for. An attempt to win votes from some, that will lose votes from a smaller number - but which would establish a damaging precedent overall.
We’ve all been asking that for years! Too long really and I would not normally invest in the hope of a takeover - but I topped up again today. This is like crack - it’s wrong, i don’t like it, and it’s probably going to be economically damaging for me - but I just can’t stop!
I have a small holding here and as at Friday am now down. Clearly very naively I was wondering how PFC was still managing to secure new contracts when there was clearly so much concern about its solvency. Unless I’m missing something, the answer really does appear to be in that RNS. They weren’t really securing contracts, they were agreeing contracts that remain contingent upon delivery of guarantees which it seems they are simply not going to be able to deliver. In their absence this is finished. Why would a competitor launch a hostile takeover when they can pick up the pieces for nothing instead and probably charge a premium for stepping into the breach? Happy to hear alternative points of view but I am seriously considering cutting my losses here. I don’t normally do that, and would usually let a small punt like this one ride, but this looks particularly bad to me.
Hash - I think the reason some of us have posted here is that this board has had more than its fair share of complete bullsh*tters over the past months who have seemed intent on trying to encourage others to put their money in on very false statements and hyperbole - which have all been proven to be incorrect. I am not saying you are doing that (I don’t share your views at all, but I agree you are entitled to air them and I think you’ve done so reasonably), but I think that’s why uninvested people (but for the most part people who have previously been invested) continue to take an interest here. It’s akin to driving past a car crash. You know you shouldn’t look, but you can’t stop yourself!
Ps Cane Toad, I do hope you haven’t bought into another lawyer! There are so many better opportunities.
Law firms don’t do that. Far too expensive, and good lawyers are extremely difficult to find and recruitment costs are ridiculous. Clearly the point of this amalgamator is to rationalise, but generally redundancies in the legal profession are not a good sign.
Carltt - honestly, what is wrong with you? You revealed under you previous moniker you don’t even buy shares! Your excitement over getting less than £200 for changing bank account indicates you’re not exactly rolling in it. Rather than wasting your time here every day, why don’t you do a bit more work and earn a bit more money so you don’t have to change bank?
I, think, they, are. Still, looking, good, today.
New leases are 100% not usually 3 - 4 years. Most landlords will not accept less than 5 years as it adversely affects their investment values. For a good site, 10 years with a break option at Year 5 is now not unusual. Having said all of that, your estimate of an average of 6 years (taking into account break options they really should have negotiated) doesn't sound like an underestimate and is possibly worse than may be the case. The trouble is the cash burn in the meantime and the fact that it seems no one wants to buy their gear! If anyone doubts this, get on your feet and go to your nearest city at around 2pm on a Saturday afternoon. Compare the footfall in Superdry to the other retailers in the vicinity. In my experience the difference could not be more stark.
Some good points there Hash - quick, apply to Superdry for a senior management role!
Make sure you get paid up front though (and not in shares!).
Munichmann - what do you mean a lease is not a lock in? They are exactly that - they lock the tenant in until the end of whatever term has been agreed unless the lease contains a tenant break option. You can’t just walk away! Unless a CVA of course….. If a lease term is nearing its end, or nearing a break date, then there may well be scope of renegotiating with a landlord (if the shop is likely to be void for a significant period) but Superdry would be mad if they hadn’t already been doing that for the past few years. All the other retailers have….
Toffers - you’re just dreadful. You will never learn as you clearly have zero self awareness. A classic narcissist.
For those fortunate enough not to have encountered this individual previously, be very wary. They ramped the sh*t out of Superdry for weeks trying to suck people and implying they new positive news was coming before the inevitable conclusion. I see they have now popped up here. I am sure you are all wise folk and won’t be swayed by the rantings of a fool - but just in case….
No thanks Gaz. I don’t short but have no issues with shorters.
No idea, but the Lawyer is reporting today that Knights is making redundancies.
Famous last words, but is this finally getting some momentum? This has taken far too long but it does feel like the tide may have turned a little. As I say, possible spoken too soon here, but feels positive.
Or Toffers?