Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Plenty of legs left in this one - about time we got re-rated - I can remember buying at 6 p and selling at 9p not that long ago ! Fair value today is easily 5 p ( unless we get hoovered up by a south American oiler on the cheap) gla
The commercial certainty we now have coupled with the bond holders issue being sorted makes us. Prime target for takeover in the depressed market - whilst normally that’s a positive, the macro environmental situation means we could be snapped up pretty cheap !
But why buy now ?? This surely has further to fall and even after RI it’s a business with a vastly reduced market and saddled with a load more debt, at current but rates the new cash will barely last until end of 2021??
The problem is the world is constantly lurching from wave to wave so no consistency - travel won’t be the same ever gin and business travel is shot to pieces forever - the margins on the defence works aren’t enough to break even - worrying
It’s easy to understand why people want in cheaper, the world economy is tanking - vaccines are some way off yet and proving difficult to last very long, and SNG has a therapeutic that means this virus is tamed back towards normal flu levels of mortality. When the CEO says we need a bigger word than unprecedented to describe what we have this has far further to shoot up