Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
PIP
The auditors allowed non compliance with 2 IFRSs until it became mandatory.
Harrison was CFO - his fault.
Griffiths was blamed - she left.
Harrison thought an increased income stream was a good idea - BUT he had no surplus cash - so had to borrow.
No smokescreen - just incompetence.
No Camarco no PR
An order book has purported value until it is delivered or cancelled.
Yes Suf
At least that - not that i can use it holiday wise.
PRA cant keep denying divi - we really are being controlled by a load of control freaks.
Is Harold Wilson still here or do we have a Tory Govt.
Qs
H & P
Harry
My reasons are posted earlier in response to Rax comment.
4 CEOs in 8 years - yes I invested from 2012 - Spellman couldn't make it work - left 2013 - then Donnachie - til he retired he got things going - but he had previous - Harrison took over - was CFO - hired Griffiths as CFO. Blackrock had a good stake from the beginning c 2010. Blackrock found out that Harrison was buying pipelines with borrowed money - quite a lot of it. The auditors were not happy with the accounting - ? irfs 25 - Griffiths went - Blackrock dumped their holding - Turner picked most or all. Harrison went.
Harris appointed CFO - never bought a share.
SP at the 2012 level - when I started - mills an opportunist with mates bought a load - tried to stage a coup - failed bcos of Cayman law.
Harris as Ceo. Holder link to Mills and Harwood. Turner and Mills link - get BOD seats.
Who wants what and how it will get sorted - who knows - but a H1 loss of £2.5 m may well lead to a full year loss of £5m
SP will plummet and Turner will pick up all available - y? bcos I dont see Mills buying more.
From a company with a progressive dividend policy - and a promise of a special from the pipeline sale per uncle Phil - to nothing - and the front page of the FCRM web is just net zero carbon.
Rax
Just the 2
James sharp - broker -so clients - similarly Killick & HL.
Going private my real concern. Fusionex delisted and I thought I had lost my money a Malay wanted to buy in and I came out with a 10% profit
My profit in FCRM 30%
Rax
I have sold.
Loss of £2.5m @ H1 - could well be loss of £5m for the year.
No divi likely
A BOD that inspires me not. PR advisor Camarco seems to have been sacked
One or other of the main shareholders will leave - or the Dunamis side will be demerged - the bit Turner wants.
The change from getting hands dirty businesses to green stuff ---and the emphasis on that - not my cup of tea.
Qs about future housebuilding because this shutdown will create havoc - so many unable to pay mortgage. Demand for new builds?
Smart meters - why do we need them? I can read my meters and know my contract prices
PIP
Reading posts metaphorically may be asking a lot .
I did read the news but got no satisfaction from the jumptech article
Seems this lot want a slice of EV. That will be a cost for a while a long while
As I said b4 - no PR -
I guess Brake(Harwood) and Turner (Bayford) will spend the asset sale cash to foster their interests in EV.
Not good news IMO.
Pip
FCRM had a PR firm - which seems not to fiigure on the RNSs anymore. I spoke to them several times - they told me that the Coy managed disclosure.
When phil was chair we did get output - but now I guess we will get less and less - a COO as CEO taking direction from Harwood and Bayford - a chair who is their pawn as is the CFO .
I need to look at the news more often
thought RNSs were the guide to material benefit
LTH
Is that here today gone tomorrow.
Reduction in holding ?
Want to invest - review and rewiew again - hope prpit returns and also divi - next yr or after
A fk is just a short term investment!