Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes, a curious one that they’ve reduced. However, I don’t see it as a negative. Perhaps they think they can make a quicker return elsewhere.
Ultimately, for me, TB is the one I’m watching. With him being so close to the company he will know it inside out. When the audited accounts are released we should make a small profit. TB has been buying tranches of shares. The company is looking to expand. Those are all good signs for me.
The MM must think it’s worth their while to take the shares on. It’ll be interesting to see who snaps them up.
This is a solid recovery share as long as they carry on with their plan and there aren’t any severe bumps in the road. The SP and MCAP doesn’t really reflect the business at the moment. There are companies out there that haven’t made a profit since incorporation and don’t even have much of a business with higher MCAPs.
CMH isn’t a get rich over night share. However, with steady gains people who get in under 10p here will do well in the medium term
Also
RE RDC - ‘ planning permission expected in Summer 2022, the investment programme to expand production capacity by up to 40 per cent. and the types of product that can be manufactured at RDC's facilities to exploit new growth opportunities, including in the offshore and green energy generation markets, is expected to be completed in Autumn 2022.’
Lots to be positive about. Yes, only £0.1 million profit - subject to audit.
RDC - expected to report 300% increase in profitability
Petrel - expected to report 150% increase
The Group secured a 5 year fixed price contract for electricity in March 2020, placing the Group in an increasingly competitive position to win new orders (absolute master stroke!)
Also like this statement -
Board is pleased to report that all three operating divisions have made a strong start to FY2023 with higher than expected levels of orders for Q1 2023 and strong ongoing order books.
The Group is well positioned to continue its recovery and expects to return to a more sustainable level of profitability, having taken the appropriate steps to reduce its cost base and invest in new growth strategies for each business.