Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
no argument there, though can you shed any light on:
very little volume, buys outweigh sells and for example we are 7% down, today buys outweigh sells and nothing.
Small trades of little value, are?
Let's see what happens in the coming weeks.
Averaging down , let's see if it turns anytime soon. Volume today, Buys outweigh Sells and yet not a flicker.
Vol Sold 251,860
Vol Bought 266,933
I find it incredible, no further update has been released by the company!
Many thanks Cash.
Any thoughts on how pursuing one of our major shareholders through court will play out?
Odd how they have retained their % stake, whilst we are seeking £6 Million (don't quote me on this) from them.
Settlement?
I last held these in 2021, shortly after the came out of suspension I bought back in, in the hope the shareholders are behind the company and there is "A Plan" going forward.
Time will tell.
I'm back in, having taken a loss a long time ago. Read and digested the update on ASX, this became a lot more attractive. For me it is now a medium to long term hold. Good to hear from you Ss, all the best.
BB, was this for me?
As part of the Transaction, Oilex will benefit through receipt of GSPC’s share of the historic cost recovery pool, the total (100%) being approximately US$125 million. Oilex also expects to assume GSPC’s US$2.8 million share of the historic abandonment liabilities. For the year ended 30 June 2020, the Company recorded a loss of US$0.3 million in respect of its 45% interest in Cambay. Accordingly, the additional 55% share of the Cambay losses to be assumed by the Company in respect of the year ended 30 June 2020 would be US$0.4 million. Following the acquisition of the 55% interest in Cambay, the additional proforma gross assets to be recorded in Oilex balance sheet for the year ended 30 June 2020 would be approximately US$5 million.
It's there on ASX.
As part of the Transaction, Oilex will benefit through receipt of GSPC’s share of the historic cost recovery pool, the total (100%) being approximately US$125 million. Oilex also expects to assume GSPC’s US$2.8 million share of the historic abandonment liabilities. For the year ended 30 June 2020, the Company recorded a loss of US$0.3 million in respect of its 45% interest in Cambay. Accordingly, the additional 55% share of the Cambay losses to be assumed by the Company in respect of the year ended 30 June 2020 would be US$0.4 million. Following the acquisition of the 55% interest in Cambay, the additional proforma gross assets to be recorded in Oilex balance sheet for the year ended 30 June 2020 would be approximately US$5 million.
10 am in Italy though.......
Well-proven me wrong again on my theory this couldn't go below 0.15. Best of luck to those still involved, not going anywhere but nothing further to add, and hope fortunes turn for the benefit of all who are still here.
How do they value this at £627.81k with £1.8 M Cash and Assets conservatively valued at $ 3?
The art of learning to sit on one's hands is becoming a speciality of mine.
That's all I got I'm afraid.
A good question with no real answer for it.
The sale was delayed due to COVID and travel restrictions, I would only guess when this eases things will progress.
For me (I’ll hold) , what I’ve read allows for that element of risk without me rushing for the exit.
I could of course be completely wrong (wouldn’t be the first time) .
Time will tell, best of luck which ever way you decide .
Good question and open to thoughts/ suggestions.
On my initial research I didn’t go far back enough, on reflection my mistake.
A poster last night/ this morning stated a diluted % of proceeds on sale of the asset which threw me somewhat , I haven’t had time to go as far back as he/she suggested but will do so at the earliest opportunity.
Those on Twitter suggest fair value is anything north of 0.04, ShareTalk suggest 0.08 should volume continue.
When you weigh up, cash + asset value it looks attractive and is worth the risk.
I believe 0.15 is bottom here (I hope) and we get news soon enough. Based on the number of shares of which (over 40% are spoken for) it can shift on sentiment alone, we just need that sentiment.
Time will tell. All my own opinion of course and please take what I’ve stated is here as purely my own thoughts and why I’ve invested for now.
ATB