Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I did ‘get it’ earlier. Just seems a rather odd arrangement. £6 million now and maybe a further £23 million in 2023. If you loan me a quid I’ll give you a fiver on Friday. Hopefully it will work out for everyone but just looked a bit Iffy at first sight.
Sounds like this customer has ‘1st Dibs’ on what gets sold to China. Big country so hopefully will make him and all shareholders rich !! Let’s just hope he’s a brilliant business person and that Chris hasn’t got stitched up on price due to the desperation of getting an order in the book. So I wonder what profit margin on marble to China ?
I’m out of here as I lost patience with this one some time ago. So much promise one would have thought, but so unbelievably disappointing. What on earth is wrong with this Company ? There must be some underlying flaw somewhere ? Any thoughts anyone if a buy price in the 13’s is worth another small punt ?
Yes - I did spot the Temple deposit. Is that timely announcement a way to ‘bury bad news’ do you think ?
How many years now, and why does this Company find it so difficult to sell their products ?
I’ve seen one or two Safestyle vans again lately but being in this trade myself I must say that I wouldn’t be betting on a quick recovery here. Firstly, trade is very patchy so I’m not surprised to read that lead generation is costing more. Secondly, it’s all well & good trying to cover the whole country, but my guess is that the further you are from your base the more difficult things become. I was chatting to 2 fitters some time ago who had to leave home at 5-00 am to travel around 100 miles to be first in line at nearest depot to load windows, then drive even further to the installation address. Something has to give ! Also there are too many costly surveying mistakes made. I know this for a fact as I have been a beneficiary. As I’ve said before - when the economy is booming this business model will do OK but I can’t see a return to £1.50 let alone £3.00 anytime soon.
Good spot Pascha - I haven’t been following Iron with same enthusiasm for ages. Trying to be a little more conservative with my share picks these days. I took an unhealthy punt on these and did make quite a chunk but I’ve had plenty of losers too ! It Seems strange that the ‘man in the know’ has so few shares himself, especially on that sort of money. Regards the smelter, as Iron have no cash, you can only think that they are looking for the off taker to stump up. I just think this is a 40/60 punt, and on certain days when I’ve tried to sell down it was virtually impossible to knock out £1k worth, so just wary of having too many, but once again best wishes and GLA.
Pascha - I understand your frustration too. I remember the morning that iron hit 20 pence. I was holding absolutely loads. Just holding a nominal 100k now as this one is too difficult to call and I think could go either way, but been reading the same recycled news for so long and I just don’t have the belief to be holding more. My feeling, for what it’s worth is that there are too many negative factors going against this project. The kitty is always about to run dry and they will surely need a shed load of money to ever start producing. I had no idea Peter Cox was on that huge salary but must say have been a little miffed at the small number of shares he holds. In fact I seem to remember him selling some a few years ago for just a few grand and thought at the time ‘what’s that all about’ ? I do hope that I am wrong and all the LTH here are rewarded for their patience.
I’ve been in and out a couple of times. Lost money & patience and won’t be returning. Seemed like a good little story and may well be in long term but fed up with watching the price manipulated down for INSE’s next strategic move. I hope I’m wrong for those holders but my feeling for what it’s worth is that my money is best deployed somewhere else.
A long wait for this Company to turn round. Same old ‘Fluff’. Sales rep’s ‘on a jolly’ - either don’t bother to call on clients at all, or turn up on the doorstep unannounced, planned around a night out. If I were Management I would certainly make it my business to know what was going on but they are obviously out of touch and I would doubt that this share price will do better than just bumble along over next few years unless someone gets a grip of what’s happening ‘out in the field’.
I can’t see why this Company is finding it such a struggle to get sales momentum moving. If the product is so good, what on earth is holding sales back ? Still too much recycling same old news and future sales based upon hope and promises. Who’s going to end up with all the marble if they don’t pull thru ?
Lot’s of ‘Fluff’ once again.
Very interesting and not totally surprised to hear this. Despite my dislike for the service that customers get from Nationals - I am not a huge critic of SFE really. The way they do things is just the way it is (Bruce Hornsby) !! What does irritate me though is that when someone else decides to muscle in, they can�t come up with an original name for their Company. A play on words is very �Double Glazing� !!.
Is very good when everything is going for it. When there is a downturn, fact is that small Companies with much lower overheads can buy equivalent products extremely competitively and without doubt give a better all round service. The only way for firms like SFE is to throw more money at marketing. Fitters outside of big towns often have to drive 75 + miles to nearest depot to load. I spoke to one team who sometimes have to leave home at 4-00 am in the summer to be first in line to load frames, then travel 100 + miles to site to install. Then the only way they can make up their money is to fit 6 or 7 windows when they get to site. Something inevitably has to give, and I wonder what that is? This news today doesn�t surprise me at all. The business model looks good on paper but relying on fitting too much in too little time might just about get them by when there is plenty of work for everyone but won�t do when the going gets tough.
You won’t see the likes of SFE, Anglian, Everest fitting windows and doors etc for the likes of Bovis, etc. If £575.00 is an average installed frame price for SFE, these builders would only expect to pay around half of that price per frame (best guess) The specification is usually quite basic and the installers would easily fit 10/12 frames per day to earn their money. Seems to work. New house has double glazed plastic windows!
I just meant that when leads are scarce and all and sundry are chasing what is out there, the customer senses an opportunity for a better price. Of course, everybody’s profit margin drops and the weakest go under, but it’s inevitable that a huge Company like SFE’s profits will get hit. The established local Companies survive with lesser profits of course. Been doing this for many many years so I’ve experienced the good and bad including a few recessions. SFE may have a new factory and may buy in their PVCu profile, glass and hardware at great prices but if their average price per frame sold is say £575.00 net, there are plenty out there who can beat those prices without compromise on quality of product or installation. Let’s hope I’m wrong but it feels like next year might be more challenging.