Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I think we have all done that Rayboy. Your son would have got 1680 shares at that price so is obviously underwater. The same 1680 shares would cost far less and could make 100% from this level. I am not advising that course of action especially if funds are not available. I am not qualified to give investment advice so I just work with figures and plain old arithmetic.
I sincerely hope this comes good for him and he at least gets his money back.
....Also news this week, good or bad it will hopefully draw a line under this poor run. We have a 4 day trading week this week and a 4 day trading week next week and the introduction of the new ISA allowances from 6th April.
Data to come from 1801 and maybe an update from 737. Not out of the choppy waters at the minute but weather forecast is for calmer seas!
How can anyone add to see it fall? - This is potentially a big opportunity for all shareholders. For those unfortunate to buy very high I suspect there is only a limited number of shares that they could purchase at that time. They could probably get the same number of shares for peanuts here. Going bust would be the only way to lose money - your call.
Alan. That isn't quite right is it. Tim and John deferred salary a few years ago and took shares in lieu. The BoD also bought shares and have options. They are suffering as much as anyone financially and professionally.
I appreciate that you may not wish to add but you have an opportunity here of averaging down considerably at this very low level as does anyone else.
I would sincerely hope that our BoD are locked in talks both scientifically and financially as opposed to sitting behind a desk wondering how they can appease shareholders - which lets face it - will have absolutely no impact on the sp.
Tough times for sure especially with the uncertainty, but we are where we are. I do agree though that the entire situation is one of Sareums making. Opportunity or threat? Only individuals can decide for themselves.
There is plenty of FUD here that coincides with the larger sells - I suspect it is all a PH/RF offensive on the sp. It is quite obvious and not very subtle.
Never mind, if it is keeping somebody in a job then there is some benefit to it
I think your response is for me Katstrangler. From here for example I can invest £5k and double it quite easily. I don't have one buy that defines what I am doing but several. Bring it on is what I say. It won't be a "hard bounce" to bail everyone out as there will be sellers on the way back up who will gladly take 100% profit at 30p for example.
You are not pouring scorn on my investment just displaying your own myopic and negative view. That,s fine.
It really doesn’t matter who is right and who is wrong does it. Stick to your own strategy/beliefs and make your own decisions.
The sp may well fall if there is a cash call but I will buy even more because I believe in the science and the potential here. There won’t be a better opportunity to make money with 737 on a new trajectory and 1801 Ph1a results due imminently. But that’s just my thinking and strategy. Others may disagree as their timeline and strategy is completely different to mine. If the company were to go bust then yes, I am wrong. Plenty of upside if it doesn’t. “Round and round she goes, where she stops - nobody knows”
Warrants bring more cash into the business if/when exercised. Warrants do not have to be exercised and can lapse and be cancelled altogether. RF have warrants at £1.43p but may chose not to exercise.
If the warrants are exercised and turned into shares, the cash is paid direct to Sareum and the new shares are issued. It is normal for warrants to be held until the exercisable price has been exceeded to ensure an instant profit.
Both strategies can work. Why buy? Cheap as chips and if we all wait for funding to be resolved we are likely to pay more. Also, there is no guarantee that we lth’s could participate in any raise. It would also be interesting if something came from left field. With the new ISA allowances within touching distance, I would imagine PH may well go long. Interesting times.