Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
A lot of the information was in the open so its the expected churn when something materially higher wasn't announced.
The final higher EBITDA was higher than given at the last TU.
Also the dividend was higher than I expected (0.2p, I thought 0.1p).
Cavendish upped their pt to 40p:
"Our 2024 estimates have been upgraded, EBITDA increasing 3% and cash generation up 5%. We increase our target price from 38p to 40p on our forecast upgrades. "
"As commented before, it's been talked up...."
It is broadly being 'talked up' due to increasing revenues, profitability and naturally this drives the SP.
There is no conspiracy to ramp the share price, the company financials speak for it.
"The CEO has a huge > 7m options which were awarded a year ago and exercisable in a year."
Complete red herring to me. The options are 1% of the company which don't all mature in 1 year and so what? If he decides to leave then we will thank Mo but such is life, CEO's will move on and be replaced.
"Chairman/Founder dumped majority of his holding recently."
50% of shares is my understanding , but this doesn't take away from the company performance.
Perhaps this is CF cashing in as he doesn't believe the company will be sold on soon and wants to put money elsewhere.
"Growth has slowed significantly."
I see a company increasing revenue/profits and zero debt, I will keep an eye on the growth but it is doing fantastic currently.
"Clients largely paying for the new facility."
I don't even know how to respond to this. How do you see this as a negative?
"Despite all the talking up, no evidence of significant buying/holding by institutions."
We have 3+% IIs but Totally is an example of where this doesn't mean much.