Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi HowardMarks,
You made a statement about the seeds not making any money?
The company have expressed they will be profitable and a number of other people have also stated they will be profitable. Could you elaborate on what you know that the Zoetic sales and marketing team do not. I would have thought as they are growing the seeds and have done all the scientific and marketing research they would know??? Is there some thing they are not telling us or are you just trying to force the price of the share down. Apologise for asking but as well as rampers there are a lot of derampers associated with this share. Problem is the rampers tend to give evidence based on the RNS's that come out from the company and the derampers tend not to give any explanation or reasoning for their claims. This can as I am sure you will agree make the derampers or people who believe adversely on the fortunes of this company have a lack of credibility due to their inability to offer a reason to back up their assertions. So why will the seeds not make any money? do you mean while they are growing? they will not be sold? They will not make money until they have been sold or turned into a product...... please elaborate, after HNR I am happy to listen to all sides as the RNS's here seems to be amazing and the company now looks like it is well on its way.
Okay oil price has fallen.... actually not really fallen that much as dropped a rose and I am sure it is hedged at a higher price any way so the fall is of little concern and of course the cost to Zoetic is nothing it is money for free.
The products Zoetic are producing are actually selling and seems a lot of these products are selling as Shareholders on this board have actually bought the products and have agreed they are really good. Order numbers seem to rise in the 1000s not 100s. New website will catch larger audience and be more marketing effective which can only increase sales.
New products are being produced and we already have deals with stores who are already selling products. A new deal coming up in next few weeks as it is finalised will ramp up sales incredibly. This is all from the RNS and first hand experience from customers.
I know you are talking about seeds, but as the RNS's have been correct so far one would assume that they will continue to be correct and the seeds will be a great success for the company..... (from this one has to assume profit or profit related). I know you mention Seeds only disregarding everything else that is going on which to a sceptic might think you are just trying to throw one negative to get people think this is all that is going on in the company..... for a novice investor maybe or someone that does not know the company.
Anyway If you could let us know why the seeds will not make money I personally would be very grateful.... I am not a ramper, simply I would like to know all the facts to make an educated decision HowardMarks.
(Bloomberg) -- OPEC ministers agreed among themselves that oil production should be cut by 1.5 million barrels a day to offset the huge demand hit from the coronavirus epidemic, gambling that they can overcome Russian opposition that could block the move.
Ministers from the Organization of Petroleum Exporting Countries reached an agreement at talks in Vienna on Thursday, delegates said, but Russian Energy Minister Alexander Novak wasn’t present at the conference. On Wednesday, he left the city without giving his support to the production cut favored by Saudi Arabia, instead preferring to maintain current output levels.
A third of the 1.5 million barrel-a-day cut would come from Russia and other non-OPEC allies and the deal is contingent on their backing, delegates said, asking not to be named because the talks were private. Those countries will arrive in the Austrian capital on Friday to discuss an agreement.
If Moscow continues to withhold its support, it’s unclear whether any cut would actually be implemented. Oil rallied initially, then erased gains to trade little changed at $51 a barrel as of 11:42 a.m. in London.
Yep this is tanking and 27 is for sure especially as it has hit 0.2817
I reckon Hurricane oil put in an audacious all share bid at 14p a share, and a few quid to keep BOD happy hence it is only down 4 and we are down almost 10%
JOKING!
too many John Wayne movies..... next they will selling to Indians to stick in their pipes!
gotta be serious though, awesome news but would have though a larger rise would be on the cards..... especially as the market going down. Potential ELO Ticket to the Moon..... this should be a lot higher, still time! :)
Russia putting the spanner in the works not agreeing , may see some upward movement but overall can not see oil rising be a bit like a seesaw till firm action is made. Cutting interest rates by half a percent will do nothing for the oil price except offer a very mild and extremely short term boost then reality will set in. unless a bid coming in, nothing much seems to be happening here. I am losing good money..... would not be surprised if we move below 30 today the way this is going... insane! Somebody mentioned that Total said they are not interested in buying Tullow, good for Tullow crap for the share price. Needs some kind of stimulus, but just can not see where this will come from. Maybe the results next week?
I must admit I did a lot of research this morning on Tullow.
Tullow is aiming to give a divi of 100 million as a certainty (assuming they can afford). They have net available cash of 150 million so that seems to be on the cards.
The oil is gushing out from there main wells.... okay small fall in price down to 51 but it was there a week ago so what's new?
There average hedge on oil is at 59 a barrel so they are up from this standpoint
They have had a couple of bits of bad news re fields but had already built in 100 million for closing not producing wells.
Net asset value is well above today's price and at 60 p a share still shows good value almost double. bare in mind it was 1.40 a very very short time a go.
At this price a buyer could just waltz in and take it for a song. There have been a number of companies running their slide rule over Tullow at much higher prices. I am pretty certain a cash rich company may take a shot as an opportunist buy split it up and take the riches and dump the crap and make a fortune out of the deal.
I must admit if we do not see 35 to 40 today I would be very surprised. Certainly next week.
China is now getting back into action with companies opening, the only issue is the extremely large number of people that are stuck inside or outside (like myself) outside and not able to return to their work which is slowing the process down. But things are certainly not as dire as perceived. Other countries okay Iran and! Italy so what! Korea okay major manufacturer but has been in recession anyway so not a massive issue for share price.
All in all Tullow is ridiculously low and a re-rating is imminent!
Our business continues to develop on all fronts and, although competition in the CBD industry shows little sign of abating, our strategy of leading with compelling branding is beginning to show signs of paying off. In both the US and Europe, our Chill and Zoetic brands are consistently well received and the fact that we now have interest in our range of Chill products from partners such as AATAC and New Age Beverages evidences the scale of the opportunity.
"The onus is now on us to deliver our products at high volumes and with no compromise on quality. We believe our switch to outsourced manufacturing will achieve this and our trials will be completed in the coming weeks following which our distribution contracts will get underway. In the UK, our Zoetic products continue to receive positive reviews and the launch of gummies under the Chill brand this week is already showing signs of being a success.
"I am also pleased to report the successful production of feminised seeds. Volume is important in this part of the industry and we will wait to produce greater numbers before formally launching our sales programme, but preparations are well underway and shareholders can look forward to further news shortly.
I read this along with all the great stuff happening in the RNS at the beginning of February. It kinda suggests that an RNS should be coming up very, very soon.... it talks about weeks and not months for news. Would be really nice if this comes in next few days while market is falling could send this share sky rocketing
"We remain an early stage business with much to prove but I am pleased with the substantial progress we have made in a little over 10 months from a standing start. This has given us the belief that we can convert our branding and marketing efforts into significant sources of revenue.
Looks extremely positive that the fall was so minimal, after wall street hope we are seen as a defensive if the FT falls again. This product is after all a kinda product you would take when things are looking bleak, Should rake it in :)
Any news on the next RNS, I thought the deals were as good as done in both UK and USA and website was selling in abundance, new seeds must be well into completion stage hitting March. Must be any day now surely with ultra awesome news! Anyone?
I must admit really happy with the come back.
Though I am rather dubious about what is happening. Someone else mentioned what I said before.
1. Why do buybacks?.... shares are not deleted so there for they are building a large shareholding, Dividends for those shares go straight back to the company. the lower the price the more shares they buy back. This adds to profits even though it is there profit that bought the shares and the profit that gave the dividend. F...ing smart if you ask me... though it does explains why, when they first did this the share shot up to 20 pounds but now it is barely moving..... guess the market has realized what they are doing. Protection against buyer or planning buyback or just building up a lot of shares and when the price is right will off load them on to the market for a tidy profit.
For me if they can get the price up to over a 12 pounds I will be happy. Nice divi coming in.
Can't complain
Gotta agree, buying in at this price should gain good profit. I would assume a company would not want to pay more than a pound for it so buying up to 50 would realise a good return I am sure. Someone earlier mentioned assets are around 66p a share. assuming that is high and it is only 55p a share there is a great profit to be had here.
This baby has buyout written all over it. Assets in excess of 50p a share. Strong revenue coming from existing wells. new site options with potential... a little bad news that has sunk the price well below its asset value.
Watch this space.... gotta be a bid very soon unless price shoots up again!
re China under lock down,
Actually not under lock down any more. This week Guangdong (2nd worst hit) is back to normal ops roads full again just schools not open till 16th Shanghai and Beijing back to normal and Hubei doors are open for not locals. which is a large number. A guy I work with is stuck there. Companies are steadily heading back to work though takes manufacturing about a week to get operational again. Issue is that other countries are now containing virus so will that affect supply and distribution? HK remains closed and schools till April though most businesses working on limited measures at least
Great rise going on. probably see some profit taking coming in very soon as has hit 884 and dropping back to 70s. Buyers and sellers mixed but all such tiny amounts ...... 100 to 200 shares only being traded. Could be unsure of where to go
The falls have been completely over done today, China they are generally all back to work so the industry is kicking off. I live in Guangzhou and we were the second worst hit area. (Guangdong) everything now back to normal.
Hubei opening up. Iran.... ???? Korea and Italy are isolated areas. Totally overdone and sure of a massive rise first thing tomorrow. Be on board!!!
Totally agree, can't believe the price. Was sure would fall last week with a great rise this week, but the general fall it was always gonna go down, but no way it could stay down for long. Now is the time to get on board
Pretty sure the sellers must be finished now, can't imagine why you would be selling in the 30s. buying yes for sure. By the end of the day this will be back up in the 50s I am sure. Seems a lot of people losing their nerves. Understandable.... but for a company like these that does CFDs this type of market is an absolute bonanza, people buying selling shorting chasing down. But at rhe end of the day, this is about to pay out a good divi, shares are being bought up daily by the company under buy back.... there is only one direction this can really go.....UP!!!!
At this price it is a certain buy. With Divi end of week it should shoot back up. Seems mostly oil and other resources are badly hit... Investors will be making a fortune on PLUS500 shorting those companies and selling them down and then buying them back up. This climate is perfect for PLUS. Only down on market trend. Just bought a load more at this price absolute bargain!!!