Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
They have the support of approx 12% of shares accounting for the large shareholder that they quote as well as management... gunna need a lot more
Hell no am I voting for this offer. They’d be getting a steal at this price. Can’t believe the board of directors are recommending this as fair value...
It's sickening to see the shorters forcing their prophecy to come true. Odey ratcheting up his shorts in the past few days, driving the price down which realistically prevents Intu raising enough equity as they suggest.
What is all this rubbish about 1p and dead etc. This business is nothing like Debenhams and runs an entirely different model. Not only that, Debenhams downfall was primarily because it was hugely indebted (of which Moss Bros has none and cash in the bank), it had long average leases of 18 years avg which it couldn't get out of (Moss bros is 50 months). Heading towards 40p in the next 12 months imo.
Pearls what are you on?... When you buy out of admin it becomes a whole new company legally and all previous shareholders are wiped.
Most likely closing short positions... not having my shares for anything less than 8p
Too much volatility I think. By the time HL would quote you a price it will have moved so they can’t
I'm optimistic with Debenhams - it certainly has it's struggles but I think it is undervalued and any effort to reduce rents and leases will certainly help.
That said, those who are optimistic about an MA rescue day coming I think you need to look more carefully at his previous endeavours. Evans Cycles, French Connection, HoF, Pat Val offer.... these are out of admin. His rescues only come after shareholders have been burned and lost everything. He wins both ways, if the share recovers he owns 30% of the company so happy days. If it hits rock bottom he can buy out of admin and bypass all the liabilities and renegotiate leases again from a position of power. He's not going to make us all 50%+ returns that's for sure. (all imo obviously)
Surely the slide couldn't be from the rns.... Sale of Helam isn't even a big deal. No reserves etc declared and no intention to reopen production there. This was just a liability and seems fair to dispose of. USD/ZAR been holding at decent levels, US economy still booming, oil prices finally down ... I'm feeling positive at this price
Got to be honest, I’m a bit confused with everyone’s logic on there are more buys than sells thus expect the price to rise... if there is a buy then there is a corresponding sell. That’s how it works. So just because one place says a buy doesn’t mean much as there is a sell from someone else. The question is how aggressive one side is. Today with the price dropping implies that the sellers are more desperate
Over 30 mill in volume already today.
Some real heavy sells today... few blocks of 200k, 300k going though... Makes you feel like someone knows something we don't...Still feeling positive though on this one. Sentiment can't be much worse, still making profit, potential for turn arounds, new branding sounds positive
I think think if you’re looking for a quick buck, retail isn’t the other for you invest right now. However, here is a quality company with a decent management team with cash in hand. Even with all uncertainty and chaos on the high street, they still expect a profit and are refraining from cutting their business to bolster profits in the short term. Give this 6 months to a year and I think you could be doubling your money here. Sterling is poised to rise, UK consumers will be back spending, the supply issues have sorted etc etc. All my opinion of course but I’m in on this one.
Looking like prime value imo here. Top it off with Brent reaching new 4 year highs today. Next update should starting gearing the big money in.
Agreed. Brexit uncertainty should begin to lift now we’re in the final stages. Pound will begin its recovery and retail sales will return. It’s already looking to happen. The company is already majorly depressed from shorts and media and imo now very undervalued. This is stil a profit making business that is gaining traction online and aiming to reduce space. I think management have started doing some of the right things. Time will tell but I think a 6 month or longer hold on this could pay off nicely
Yeah, speculation for results on Monday.
Woo. And we’re back.
Has screwed? It’s like 20% better than it was a couple months ago. I expect this to bounce heavily in the coming months