Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
In this current climate, things are not so rosy as you paint, as everything is connected globally. BT doesn't exist in its own universe. You've got to weigh up capital formation in the coming years versus the possibility of nationalisation when it comes to this share.
I bought into this in mid March and this is going up because investors are looking for SP appreciation instead of income (dividends, good luck with that). Most people will still physically go around supermarkets for some time yet, but the long term trend is more and more ordering online, like you say. As for this virus, like the 1968/69 Hong Kong virus that killed 1 million worldwide, and tens of thousands in the UK, it will fade into memory like all previous pandemics.
They've been in a Euro straightjacket, that's true, but on the other hand the European Central Bank has been the only buyer of its bonds forcing bond yields down so that the Italian government can continue (on life support). Ordinarily, Italian 10 year bonds in this environment should be yielding at least 9%, not 1.77%. As for Greece's, their 10 yr bonds should be like Turkeys, at around 12%, not 2.1%
Whether people like it or not, the world economy is still tied to the fate of hydrocarbons, even the lithium industry. Big Oil's had its proverbial head cut off thanks to governments shutting down economies due to this virus and destroying the prospects of companies, industries and ultimately people's futures around the globe. Only when there's more faith in the future will shares like EMH, which I've held for years btw, go up. If you want to make a fast buck, try an AIM Biotech company doing something related to covid19.
13p a share is better than nothing, as is the case with 40% of current ftse100 constituents. Derivatives of oil are used in just about everything, from fertilisers to the chair you're sitting on. If oil companies go to the wall, virtually everything else does too. So, weighing it up, I'd stay invested.
Don't trust anyone on here, including me.
Having said that: It's worth a punt, and the assays look good. Sorry for the old chestnuts, but some you win, some you lose, but don't bet the house. I got very lucky on solg and GGP, and lost out on CRA and SXX. Third time lucky on the tears of the sun, even though the flourspar initially interested me? Who knows.
My understanding is that they'll all eventually go up together -- gold, the stock markets (more especially in the USA), etc, as the currencies fall due to a lack of confidence in governments and a bonds sell-off. That might be a year or two away yet.
All these dividends being cancelled must be storing up a whole heap of trouble for pension funds (along with poor yielding bonds they have to hold). They need an 8% return every year. There's your next crisis over the coming years.
Yeah, who knows, they might actually start to generate a profit. Probably not though.
This is all speculative, okay? Someone once told me this is how you make a market with very limited risk. It could also be a market maker unwinding a bad position, drip-dripping trades into the market to prevent themselves from hitting big orders that might move back against them.
A trivial point, but I've been around a German rival this morning and their floor markings are far less 'militarian' and not in-your-face compared with Tescos, plus you don't feel like you're in a human social experiment on a par with Pavlov's dogs.
Sorry to butt in, as I used to be a holder here until last year. I think civil unrest and revolution is a distinct possibility in a lot of western countries, especially when unemployment starts to make its mark. Western governments caused the coming depression, not COVID-19, whose global deaths so far are about 1/10th of the total of those who died worldwide of flu(s) last year.
We've all been s*at on recently, but when there is no bid, the short sellers come in and provide liquidity, as no-one else will. They may be perceived as shyte-weasels and the like, but they are a necessary evil where the big picture is concerned.
I've got a paltry sum invested here, but the way I see it is the only way this company is going to go anywhere is by obviously first relisting before the year is out and having a fully working app that's got mass appeal. That mass appeal can only come about if people's confidence in government plummets, gold consequently shoots up a la Bitcoin fashion, and you're average smart-phone carrying punter is desperate to get into gold any way they can. Seems a tall order, but could very well happen in the current economic climate. The sooner LION relists, the better they can take advantage. 2021/2022 could be start when gold starts to go stratospheric.
When you've been around the block like I have you come to realize everything is led 'perception management' to suit agendas, financial positions, etc. Human societies really have been stuck in a cycle of control by elite groups for centuries. As for the scientific community, there is more debate going on when it comes to climate than people think, and they don't all agree on man-made climate change. This 93% consensus figure is BS.