Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It's an inevitable re-rating that's taking place here- these rises are nothing compared to what is to come in the months and years to come. Look at the products and the market it is in, exponential growth is expected for its products.
ILsushi- I hope it does get to those prices shortly- but the real value will be out early to mid-next year.
A few snippets from the annual report: ''DMH production line expected to deliver samples before end 2023- volume ramp-up early next year- several customers in latter stages of sampling these products for potentially high volume applications.''
It finally looks like 2024 is the year that this company breaks out- I won't guess at the share price, but I think it will be at a few multiples of the current.
The most important lesson I've learned is timing your investment. I think the time for CPX has arrived, having built up a portfolio of intellectual property and expended significant amounts of cash in doing so, it is on the cusp of realizing this investment. the new management is focused on selling products into an expanding market. Hence I continue to build this into my portfolio. Don't look into the past, look to the future. There could be some small bumps on the way, but on the whole prospects are much better for the next few months and years in this space.
MMA99- thanks for the response. I've not followed CPX for a few years and lost track of the legal cases. I think the company may be on the cusp of a big re-rate. capital expended time for the returns in the next few months and years hopefully.
1st point the company is not Aim
2nd point the 1st million is in lieu of the company using money from its own funds to arrive at a milestone, the next million will be called for when the next milestone is hit and this will continue until the total 5m is used, hopefully as the milestones are hit the share price should rise and hit levels which allow the exercise of warrants and options. That's how I read the story unfolding here.
I was expecting a warrant exercise rns, but I suppose they are still in a closed period until they receive the 1st tranch of the grant.Hopefully we get update on upgrading to spg status of the concentrate soon as well.