Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Could be the beginning of the end-game playing out, with buyers having a nibble before the inevitable derisory offer blows in on a chilly wind, taking out the company from its perpetual misery. The collective and ongoing silence from the BOD, including from the “new-broom” chairman (who he?) suggests to me the possibility or even likelihood that they are gathering all their loose change together before announcing their life-saving strategy (for the greater good of all, don’t you know) of taking the company private.
After all, it’s not every leader who can preside over a 90% SP reduction and yet maintain the absolute silence of a Trappist monk. I should have known better: if any leader ever mentions a 5-year plan again, make haste and exit left el rapido.
Some geopolitical nonsense seeping out on Saturday night, fortified one assumes by copious amounts of some aperitif or two. This is a line usually pedalled by our resident Kissinger, aka twix.
The natives in China are becoming increasingly restless (lockdown fatigue) , the Chinese economy is slowing and a Taiwan invasion would be so politically contentious at this particular time as to not justify the risk. So whatever asset base Ygen has in Taiwan and whatever business is conducted through it, should be perfectly safe for the foreseeable.
Stas20 not sure why you would even want to ask the question of a duplicitous trader who would not hesitate to throw anyone under the bus if it benefited him personally. The rationale of an individual telling the world each and every time he purchases (note never any sell news) is sinister at best. Attempting to manipulate the market, perhaps, but failing on every occasion?
Do you really expect an honest response?
Just looking in from my vacation immersed in hot, hot sunshine.
Some things, like dank weather back in blighty and twix still attempting to string an English sentence together without deviation from normal spelling and grammatical rules, never change.
I continue to search for a twix-like investment strategy which demands buying repeatedly at 16p and above, all the way down to the 2p+ level, and somehow still managing to claim it as a resounding, unquestionable success.
I am not sure which orchestra he believes he is conducting, but the baton broke a long time ago . Maybe his apt finale could be something along the lines of ‘Land of Hope and Average-Down….’
Perhaps twix could therefore be our saviour? He’s been paying top dollar for these since I don’t know when
Stas20, further to your earlier responses, I suggested some time ago that LR’s purchase of a million of the rascals could possibly be as a smokescreen. If he felt that 7p was a good opportunity top-up price but the SP continued to tank, then he effectively absolves himself of any ‘mea culpa’ allegations if the BOD subsequently perform a predatory pounce on the bombed-out company valuation and take it private, only to share in the likely more lucrative spoils further down the line.
What I find especially galling is that LR has now on two separate ‘Open’ meetings basically specifically stated that he will only discuss matters over which he has influence, the inference being that it is not in his remit and individual shareholders can go whistle.
So we still have in place a CEO who has presided over a 80%+ share price collapse over approximately 12 months, and has materially failed to provide a single public comment by way of explanation. This would be shameful per se, if not aggravated by the fact that the BOD, including new and former Chairman, have collectively endorsed this Omerta.
Such a bore twix, why you can’t ‘@average-down’ in the privacy of your own back-bedroom is unclear to all. Hopefully your forthcoming memoirs (provisional title ‘Disappearing Up Your Fundament’ ) shouldn’t be too far away. I look forward especially to the chapter on ‘Ladyboyland-Get Me Out of Here Pronto’. Matt Han**** 2.0 perhaps?
“… and as evidenced by his poor reading of this situation.” Such Twixalot gems are trotted out incessantly. One assumes the above sentiment exempts you from the same conclusion? It was only this last week where you imagined yourself as some latter-day Wolf of Aim Street, strutting around and throwing supposed ever bigger spadefuls at a company where the SP promptly went into free-fall.
Being wedded to a precarious strategy of averaging-down in a company where you clearly have only limited outside knowledge is to date for you reckless, furnishes you with ever increasing cumulative losses, and provides no guarantee of success.
And besides, your holier-than-thou, sanctimonious persona bores us all to oblivion. A period of self-reflection and silence on your part would be greatly appreciated.
“ one has to buck conventional wisdom”
Another classic from our Buffett-in-waiting Twix. I can’t wait for the book to come out. “Disappearing Up One’s Fundament” might be a suitable provisional title.
Is there a direct correlation between twix unleashing a volley of posts and excessive self-medication doses immediately prior?
I think the men in white coats need to be (discreetly) informed.
Seems our very own Private Fraser (‘we’re all Doooomed!) even managed to throw in yet another random Taiwan invasion reference.
But at least he keeps buying other people’s discarded shares, in the unevidenced hope that one day he might break-even.
The ultimate bottom-fisher but, perhaps like his stay in Ladyboyland, never quite finding the right bottom.
The 3.25 price is what I was quoted on a dummy buy just before the close, 3.12 to sell. Seems some decent buys near the close hopefully.
Stas20, as good an obituary of this company as I have read. The primary question for all investors still hanging on is what can be salvaged and how much upside there could possibly be?
There, that’s LR done for another couple of months at least, in all likelihood resuming his radio silence and ostensibly doing nothing to bolster the fortunes of the company or the share price.
It is unclear who he spent time talking to on his last sojourn to the U.S., but one assumes he clearly bored them to bits with his monotone Tom Jones from-the-valleys accent. Where’s the fruits of your efforts, LR? Any concerns with your SP performance to date?
Which might then beg the question why did he not seek to offload in one go -perhaps to an II via a broker -when the price was much more beneficial to him? Or perhaps he’s been dumping to allow our average-downer-in-chief to pick up some of the scraps?
Can imagine our very own Dr Little waking up this morning and hoping the clocks haven’t gone back again!
Patent and litigation do not fit easily within his lexicon.
As diagnostics installs itself ever more at the cutting edge of medical advancement it is hardly surprising that companies will use whatever measures they can in order to eliminate competition.
One would hope and expect that Ygen, with its diversity of products and collaboration with some of the big-players around will be immune from such attacks. Hopefully Illumina is still on-board here.
Quick Summary of the performance to date of the phenomenon known as Twixalot
1. Purchase price 16p (and higher) , regularly “topped-up” all the way down to sub-4p, delusionally passed off as successful investment.
2. Profits/losses to date: compound losses off the Richter scale.
3. Diversity of portfolio: Ygen is the only game in town.
4. Accuracy of market predictions: “market crash” - already 18 months late; Taiwan invasion- not ‘appenin anytime soon; ‘buy-out’ price for the company? 16p, but any face-saving offer acceptable as long as it doesn’t go bust.
5. Domicile status? At some stage was a non-dom-type of Ladyboyland, but reason for repatriating (at short notice) may be his own naughty secret.
6. Greatest success? Teaching Buffett how not to invest.
7. Er…that’s it.
“ Not a fan of those who give reliable info and then disappear!”
Indeed, like the “next” market crash, now some 12-18 months late, the invasion of Taiwan, the joys of impeccable market timing of buy, buy, buy from 16p all the heavy way down to sub 4p..etc.
Now there’s a reliable Buffett if ever one was needed. Regrettably, you never disappear.
Unfortunately and regardless of negative talk, someone at least is still voting with their negative sells!
What a wonderful cathartic experience today for the average-down-value-cumulative-loser-in-chief. Ask around to see if there’s anyone worse off than himself.
Look more closely and you will see all the signs of man-on-couch, talking to the people in white coats: delusional, anonymous, friendless, inflated view of own self-worth,but especially tedious and repetitive, a true veteran of the twitterati key-board warrior class.
Now then Buffett, would you like to share your explanation for your (cough nervously) departure from Ladyboyland?
Another timely purchase Twixalot …on the perilous trip to averaging down, down, down.