Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Let us not forget that Pauls next target for Fleet is 150k & once G3 is launched we hope that some post manufacture contracts will have been lined up for signature on launch-resulting in an immediate step change in Fleet.
Happy enough with update - I would have preferred a G3 launch date but that could follow shortly.Presumably Paul will give a Proactive interview during which certain questions which may give some clues.I also expect Directors & others close to the company to resume buying & with view to todays volume,so far, that may well have started.
Which presumably is why Martin Ive has built a decent position over recent months & Lombard Odier have added too although not in recent weeks suggesting,possibly, that they are now aware of tangible information which could unfluence our SP -so lets hope they are right-we will soon know !
Due in 10 days & based on the recent cmcx update we may expect trading to be relatively flat-although we have a massive cash pile on which meaningful interest will have been earned,part from interest on substantial client deposits.Additionally we will hopefully be advised that our US operation is expanding as planned.We should remain in good shape & perhaps the dividend will be increased,bearing in mind there are now 10% less shares in issue .
If there is a large seller ,with view to our cash pile & the fact that we recently bought back about 10% of our issued shares from Odey,to avoid an overhang ,why wouldn't we also buy back their holding,also to eliminate the overhang-if there is one ?
Big week ahead -or damp squib?
Scoredanowngoalagain-you should check your numbers as Jupiter clearly could not possibly have held 400mill shares.
They may well be selling down their holding further as buys seem to substantially outweigh sells despite the shar SP fall-so there is clearly demand for the shares being sold.
It will be interesting to see if our maturing sales team can continue achieving 30% monthly growth & whether repeat prescriptions continue growing,thereby increasing the inherent sales momentum-especially once medical practioners can see the positive affect that our product has on sufferers.Cause for much optimism but still a long way to go before stale bulls like myself can celebrate.
Scored again-Jupiter could not possibly hold 400mill-check your numbers
Formerly-you are ,of course ,right & the serious money will only start investing when it is clearer as to what assets we have empirically & therefore what their worth may be.However by waiting the assets to be proven you are likely to be buying at a higher level,allbeit with reduced risk, & thereby reducing the possibility EEE being a substantial multibagger .Judging by your recent posting history & the companies you cover, you are not especially risk averse-as is the case with most of us EEE enthusiasts.
Ive clearly believes in the substantial potential for SEE & as he has had previous success has large amounts of capital at his disposal which needs to be invested well & he also clearly sees our shares as an excellent home for some of his money-he should know as he will talk to Paul on a daily basis & be aware of all which is going on in the various areas of our growing business.He also has access to real time numbers & must like what he sees.
The natural optimist in me considers that the lack of Director/PDMT buying over the last couple of weeks is a sign that they can no longer buy due to information that they now have -perhaps they have seen the June Management Accounts, are aware that G3 is about to be launched,330 Aviation contract incoming,Toyota close to issuing RFQ etc
Hopefully the dividends per share will increase as we have bought back over 10& of our shares over the first 6 months so the cost of the dividends to Plus would be lower than the comparatative ,if the Interim remains unchanged.Presumably following the forthcoming meeting the buy backs will revert to 30+ shares per day from around 10k
A trading update should be published soon & trading remains on track with market expectations & our US division is beginning to win market share .I was fortunate enough to buy shortly after the IPO at around 130p & I sold out completely at a decent profit & bought back in around 500p - so my only regret is not being greedier & buying more.We are viewed by The Market with suspicion & the worry is that some adverse news could emerge , or trading is below expectation,in which case we will be hammered-especially in these poor markets
Trading update due soon should give us a few clues & I hope that our nascent businesses in the US & Japan are beginning to gain traction
I presume many Funds cant invest due to our micro size & their articles preclude them from investing in tiny companies.Their loss & perhaps provides an opportunity for PIs to gain an advantage-for once.Bunn has built a decent & reputable team around him with strong track records of integrity ,which, for me , lends more credibility to EEE,which many would still consider to be a minnow talking up its prospects but if we believe what has been announced so far, further drilling results are likely to confirm the position & possibly extend the potential further