Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Nice little rise today to keep us in at the bottom of the wider price channel of the last 16 months. I'd label this 'discount price' based just on price action alone, never mind the overall prospect itself!
Where we are currently is a well supported price in the market, but the upside is tremendous.
https://www.tradingview.com/x/RxrPwm2X/
@chennowitz, I've liked that comment because, well, yes, haha! It's all guess work, but I like to *see* the predictions and how they might play out, rather than just plucking numbers out of the air (which know no one on this board does of course..).
Ok, while HE1 is snoozing before the make-or-break RNS I thought I'd play around with some exponential forecasts based on historical price data.
Before anyone comes in with "YeS bUt ChArTs WoN't MaTtEr If We HiT hELiUm...!!", I'll just say you're being ignorant as these are quadratically laid out charts, i.e. the price rises in multiples and therefore takes into consideration non-linear exponential growth, and if you struggle with that concept I advise you revise your GSCE or A level mathematics, having a grasp of how number work is quite useful in life.
I might hang on to these for posterity since though they're likely to be wrong, one of them might well turn out to be quite right!
Enjoy :)
Forecast 1: Based on overall historic price.
https://s3.tradingview.com/snapshots/t/tOWpxGZU.png
Forecast 2: Based min and max price since listing.
https://s3.tradingview.com/snapshots/u/Uzz5jPkB.png
Forecast 3: Based price movement since major announcements began.
https://s3.tradingview.com/snapshots/w/wuIAuISK.png
I'm with you Bigplan. I'm expecting a red day as the day traders who didn't get their Monday morning RNS leave and go elsewhere for their gambling fix.
A blue finish would be great, but not going to cry if it isn't. I'm sure normal service will resume sometime this week ;)
Fair analysis Wyndrum, however, it is worth also noting for everyone being overbought does not preclude a full stop to the rise in price, despite increasing the the odds of a pullback.
The last two times the RSI entered overbought territory (on the 1D chart) it was sustained overbought for a 78% and a 60% increase respectively. If that was to be the case this time, let's say with a 60% increase whilst in overbought territory, that would take us up to ~36p before we saw a meaningful pullback.
Probably this means little to some on this BB, but TA translates price action into probability-based forecastable scenarios. Being overbought or oversold always ends in a regression to the mean, but when is anyone's guess. The guess is just more of a stab in a dimly lit room, rather than a stab in the dark.
Another friendly face. Looks like you'll have to suffer my charts here too Seagullsfan... Apologies in advance.
Oiler87, we're just dipping below the 2.2 support at the moment and that's taken us out of the channel we've been trading in, however, this is something that often occurs before news breaks as MM's accumulate shares that others have lost patience on.
I've bought more here as I agree Re: "don't think anyone is making money at these levels".
Prospects look good here over the next few months :)
https://www.tradingview.com/x/QzArVFma/
Posting this v.early intraday chart. It just marks the end one journey, and the beginning of a new one :)
All the best :)
https://www.tradingview.com/x/fL8uDP8w/
Added my last little chunk now. Have ~100k shares, which I think is perfectly reasonable.
I really like this company's prospects :)
So, since we're all rather excited about how the exploration is going I thought I'd posit my belief that we need a theme tune.
Here we go:
Fifth Dimension - Up, Up & Away
https://youtu.be/5akEgsZSfhg
@bigbench, you seem to have a balanced view, nice to see. There is interest, and has been since the beginning, who knows what will happen. If HE1 does eventually get bought it'll probably be in the several £'s. But, DM has inferred that production is something he is interested in, so could quite conceivably be done by HE1 with another cash raise.
Either way, I'm excited.
Praxair and Air Liquide are two of them.
Seagullsfan is half right in that production doesn't require huge infrastructure, so could be done by HE1. But the fact that there had been huge interest from the very beginning, as ex-CEO said himself, indicates that bids will come in.