Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Here are a couple of facts gotreal.
At the time of the RNS on the module being tested and complete, everyone, except one person, thought it just needed dismantling, shipping painting and re-building. I categorically stated that I didn't believe the electronics could have been sourced, made, fitted and tested. I was rounded on by you, Ardbeggar, seisnav and shuvlin - not one of the 4 of you (or is 1,2 or 3 of you) have had the good grace to apologise for calling me a liar.
Secondly - you are a small minded, rude, google cut and paste expert, history trolling, argumentative t....er of little consequence.
Ahh that feels better.
Things are definitely going in the right direction. Montara becoming a diminishing part of the portfolio in terms of %. Oil price improving margins markedly. Atakara closing in on production.
Having said all that I'm not really expecting the results next week to reflect much of that as they are for the year up to end December, I believe. We may get some post period update from the CEO with a little new information.
Hi Gray1. Ive bought and sold lots of times over a 15 year period. Recently bought at 5p and sold at 6p when it was pumped. Bought again about 5.5p and sold at 7.35p. Sold because of my personal circumstances but the yearly chart looked poor at that time.
Waiting for things to change on the home front before I get back in. Want to buy and hold until the middle of next year when I'll review it. Not worried about not being in at the moment. Can't see any rush to be in as things stand. Of course positive surprises can come along. JLP is more of a distraction for me at the moment but all being well I intend to come back in with double what I had in before, I'm that confident, but also realistic. Good luck to all holders, if I get left behind it's no problem in the grand scheme of things. Don't think it will happen though.
Gray 1, Frogkid, Edzi et al. Keep posting - the debate has ratcheted up 500% due to you. Honesty is seeping through - when they start name calling (derampers. negative etc, you know you've won the argument). You all own shares here but are realistic. We are all going to make money and sharing can only help that process IMO.
Accept your point Northern. If JLP borrowed capital to invest in capital projects then no problem. When they raise it from shareholders it's not quite the same in my book. There is zero doubt in my mind that JLP did the placing when they did because they were running out of cash due to capital expenditure on Thutse and Roan. IMO they are spending more than they are getting in right now and are robbing Peter to pay Paul (love these old sayings). By that I mean using the money from the placing to finish Roan - even the parts officially allocated for advanced waste rock purchasers. It will be a while before we get the financials to prove I'm right. But I'm quietly confident.
It's no biggy in the long run but the over run is costing money.
When money comes out of the same pot, it's expenditure, spend more than is coming in, it's cash flowing out (net), the accountant labelling part of it capex doesn't change that unless he gets extra money in and we all know where JLP get the extra money from when needed.
Not playing any games - just saying it as it is - can't see why people have a problem with that.
Anyway- great investment this - from RNS, expecting Roan running by end of May/ mid June, fingers crossed and production to be higher than where it is now by end of June, with nameplate production by mid to end of July. Based on what the RNS said.
The long term prospects are excellent. the medium term should see JLP turn truly cash flow positive. The short term continues to be problematic. I and others have flagged up everything that has happened in advance of it happening. Looking at JLP through a clear lens allows you to read between the lines, focus on the unsaid. Serious question - when will Roan be fully up and running to nameplate. Not the end of March (that was never promised - just start up), not the end of April (this was promised but surely we all knew the electrical components weren't going to magic out of thin air). So when will it be (no date promised this time) - best estimates please. We'll leave will it work to another time.
"Don't be so hard on yourself Kalan"
Nice one Busby - I know when I'm beaten - knocking the king over as I type.
No reason at all Dorfan - as you've said before - it's all about time frame - LTHs hold. New investors wait for proof or speculatively buy - everyone has a choice.
Excellent thought provoking points Gray1 - really stimulated the arguments. Even got Mikie to say that cash flow is limited.
Folks are always wondering why the share is undervalued, Gray1 proposed several reasons in his well thought through posts. The short term obstacles infuriatingly get in the way of the medium to long term rewards - been like it for a few months now. One day rodders.
IMO the sp has settled after the flurry of investment on readmission and the pull back is bottoming. The charts are a bit unreliable after just a few days trading but Ive gone ahead and added to get my aversge down to just over 29p. Thinking of getting a few more next week.
Excellent description dinlo1. Some of our fans not happy at the appointment but ticket sales for Saturdays match are soaring after the announcement - the blokes got something but I wouldn't want to catch it lol.
LUFC - the bloke with a season ticket next to me travels up from Woking, he has a season ticket but doesn't always get up because of the trains. He's seen us win once this season but he's buying a season ticket for next season - he'd make a good JLP investor, optimistic to the last!
For Jonah:
dead cat bounce
[dead cat bounce]
noun
stock market
a temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions:
9.2% fall in a minute followed by a 3.3% recovery of that loss. Arguable?
It's interesting isn't it that we have a ceasfire for Ramadan, no revenge at passover. It's really nice until you reallise that religion is temporarily bringing relative peace in yet another war caused by religious differences. If religion were a bully it would steal the kids lollipop and then let the kid have a lick to make itself feel better.