Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Happydays "You do know the price is P5.65. and a week ago it was P5.20?
What im.saying is that based on current metals prices today's price is ridiculous."
I hear you Happy Days, but disagree. I think 6.5p was ridiculous. Very little has changed - pgm prices have recovered a bit of what they've lost which helps with cash flow. So, personally, having paid 5p before, I would be happy to pay say 5.2p to 5.3p now. Nothing else has changed apart from some extra shares probably, we don't know, being sold into the market and JLP pocketed about £190,000 to add to the cash flow. Holders got diluted. We await Roan (fully operational at the end of April - still snap their hands off for end of May). We await sign off on waste rock project - still convinced the announcement was rushed ahead of the events to cover a placing before JLP ran out of cash. All by the by, JLP funded for now, a bit more cash coming in, a few more shares issued, Roan is still the key.
On a quick check - 35 million warrants and 23 million options outstanding (Please correct me if I'm wrong). When investing in JLP I've kept a list of dates of expiry, price and number as they materially affect the sp at the time they are exercised. Not an exact science, since they can be exercised at any time before the lapse date and as Heroic has informed us, new ones can be issued at any time without any notice given to shareholders. On the plus side they will incentivise the recipients to strive harder for the company. (Tongue firmly in cheek).
Spot on heroic - it's a mere 0.7% ok but it's another 0.7% and when they come to market the sells cause the sp to behave like you're driving the car with the handbrake on.
3 factors at play in the sp fallback IMO - straight forward profit taking (guilty), the options filling up the sell side and I believe a pump and dump element on here and SLP. The crowd arrives and then disappears again onto the next target.
5.7p has provided some support as expected. let's hope it holds there for all holders. Volume still good and some buyers getting in at 5.7p. Who knows.
Had exactly the same thoughts Ardbeggar. Left the grandkids shares in as their shares are for the long view. Sold mine at 20% profit and invested it in JPMorgan China Growth and Income. Could have got 25% as you say but I haven't the time with babysitting etc. The new investment is up 4% on my first day so can't complain. Will be back here (assuming it doesn't run away from me). 9 million shares at the recent volume will soon be absorbed, assuming the owner sells them all, they might not and assuming volume doesn't drop back significantly. Good luck whatever your strategy.
Charts - very strong performance challenged 6.7p but didn't break through this time. Took out 6p which was an impressive barrier to overcome. Once above 6.7p there are no real barriers to break IMO.. 6p may provide resistance still, thereafter it's a short term support at 5.7p from where it may resume upwards. Just above 5p would provide very strong support IMO, but hopefully 5.7p may form the base now. (p.s. would we have expected another rns for issuance of the shares? I forget what happened previously on these occasions).
Excellent post Chester Green. Lots of positives there. A nice and useful check list to have, thank you.
A slight addendum to your post Seisnav - you say that JLP get 35% to 40% of profits (which I made the mistake of using 35% as a rough average for and was branded a deramper by gotreal)), Gotreal insists it is 42% of profits (which was the very upper end of the estimate) - so please use 42% in future - we don't want you getting banned do we.
A lovely rise in the sp to within touching point of the expected 6p. All without any significant changes or announcements, all based on sentiment, which has to be a positive for JLP share price in the future - it indicates a lot of goodwill and belief in the long term future here. GLA.
Sorry Shareswotter - you are barking up the wrong tree. I post honestly, good and bad in all situations, owning or not. Just type in google and find some share copper predictions. I used the futures - what people are currently paying- i I just shared that. I bought at 5p on the nose - shall I dig out my post? My Grandkids also have some (3 of them now) - bought at 5.1p.
For some moronic reason, posters on these sites decide who is a good guy (always endlessly posting how the share is going to go up, the commodities are going to go up etc etc) and who are the bad guys - the ones taking a balanced approach and the perennial negative poster get lumped together - no downside is ever allowed.
I simply posted some information relevant to a share I own and in the minds of the serial rampers I'm playing some game. Pitiful.
On a positive - all the commodities that JLP produce are looking stronger now than they have for the past month or two. I won't let any material facts get in the way of this positive post - woohoo the train is leaving the station (add own pathetic cliches to your taste). JLP has a great future. I own some. I am not trying to talk the share down. FFS.
Futures indicte copper rising from here to August. Thereafter falling back to where we are over the next 2 years. Of course, predictions are invariably wrong, experts don't know what they are talking about and the OBR are always wrong. Trust your gut. It's all you've got to rely on.
From what is visible.
Warrants outstanding
750,000 at3.4p 22.7.24
4,036,431 at 13p 21.1.25
Options
23,964,491. No idea what price or dates. This is after the 9,000,000 have been exercised.
Hope JLP invest the £190,000 wisely.
The same seemed to happen with platinum and palladium prices. The reports would say there is a deficit year after year and the price would keep falling. The key with JLP is diversity and flexibility to react to whatever happens. The finance bloke is all over this. Short term - all about Roan and signing off the waste rock project. Long term charts down until falling wedge is broken. The price for that to happen gets lower every day. Short term the minor trend is a slightly upwards consolidation at these levels and above. (Trends can change, other charting is available).
Agree 100% with your view on the waste rock project Jonah. JLP's valuation is based on current operations. PGM tiny value, chrome decent chunk of the value and Roan another part of the value. This part, Roan, is undervalued IF it is fully operational by the end of April. That's the tug of war in the sp in recent days.
The waste rock project stands alone and is not reflected in the sp IMO. Modules will do the work there - totally separate from what we have now - 100% de-risked by the deal which is yet to be signed. Any profit from this adds to the sp of JLP IMO. At the moment we have no signatures and we don't know where the product from the modules ends up. It's pie in the sky at the moment. The sp will react to it as it becomes more established. 6.7p by year end and 9.5p in 18 months IMO.
As for Bushy - I still value the negative poster who keeps us on our toes - but he's really embarrassed himself over the weekend. Maybe he thinks the sp isn't going to tank any more and the outpouring is a sign of his internal struggle. I wish folks could stop being so nasty (adjective) as they make themselves look like ...... (insert own noun - plural).
Spot on again as usual Edzi. Personally, I wait and Wait because of my long knowledge of the company and also I use charts (sorry dorfan) to help pick entry and exit points. The investment is based on fundamentals though.
My concerns, which have held me back from investing since I looked back in at around 6.7p are/were:
1. The strong long term downtrend - the worries have been balanced on this due to a reasonably strong support line from the bottom at 4.6p though to 4.9p and indicating a bottom MAY be in.
2. The Roan fudge on timescales due to front end electrics and dismantle and rebuild. Again worries reduced as Leon has acknowledged this now and saying end of April rather than end of March - expecting further slippage but the market now knows this.
3. Cash flow - the placing was rushed through because they were running out of cash - the reasoning that it was to fast track the new waste rock project was a cover - this is done - cash flow is no longer a problem.
4. PGM's are bust and JLP are soon going to be dumping them on the ground when the chrome upgrade takes place - a decision needs to be made about trucking and tolling to Northam. The chrome/ pgm situation needs a wholistic approach not an engineering solution that doesn't positively affect the bottom line - still to be resolved.
5. Leon is an engineer who doesn't always have the cash in main view - again addressed due to the newish financial expertise now on board - risk assessment and prioritisation now being costed. The solution to 4 above will hopefully be made on financial grounds rather than just engineering excellence.
It was the chart situation that led me to buy at 5p on the nose when the support line held. The share is still in a long term downtrend but the band width may just have narrowed to 5p to 6p for the near term. Below 5p I need to buy more, above 6p I need to buy more. Bushy will buy if it goes above 6p IMO - ultra cautious - you don't lose money that way - he knows that 5p may hold and that's why his posts yesterday took a downward turn. GLA. Have a nice weekend.
Excellent post DRU - good to get a view from the Continent we are invested in. Hope to hear more from you, although you will have to put up with the very few children on here who still think they are in the school playground. 10 minutes actually doing some mining might help them grow up a bit.
I noticed that too moneyman - the 1% of share capital. However, when the sp gets above 7.5p you will be much more interested in those warrants. When the warrants are taken up, a large proportion are then sold. given the low turnover of shares on a weekly basis, the warrants can then have a large impact on the share price. e.g. Share price 12p, warrants taken up at 7.5p - extra sells tip the balance of trades and the sp drops to 9p. Every time the sp rises for the next 3 or 4 months, more selling drags the sp back until the warrant shares have gone. Not of immediate concern of course but at some point in the future holders will have that problem, we hope.
P.S. can we give over with the Bushy did this, said that, wrote this on HUM. It's so boring, let him post, read it, take it in or ignore it as you will just like any other poster. Do an Elsa - let it go.
I first invested in JLP at about 19p and it shot up to over £1. It was a total stroke of luck at the time but it's had me returning repeatedly ever since. Best to buy the shares when it's had a torrid time and then hold for better days. the other way round isn't so profitable. It was all based on Tjate new mine back then. Endless drilling. At the end of it they just sold off a small part of the proven mine area to an adjacent mine for working capital. (Twichenham ws it? - the memory dulls). The merger with Braemore and the Leon connection took over after that. The new mine was too expensive and conroast was the future. Lot's of false dawns along the way including purchase of energy generation capacity. Lot's of expedient projects by Colin. The current plan is as good as any they have had. Having watched the presentation - my main 2 concerns were addressed to some extent:
Leon is stating that Roan will be at full capacity by end of April - I would snatch his hand off for it being up and running but we live in hope: and
Cash flow - convinced more that ever that without the recent placing JLP would have run out of cash - not the case now after the placing so less concerned so long as Roan is operational sooner rather than later. Good luck to all us holders. Lol.