Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It's still very much alive, just needs a bit more customer spending in it's premises (higher end casinos) and general increase in flutters.
With the government giving state benefit pay rises continually then I'm sure some of that will feed through to the recipients spending more on a flutter.
"Got money to throw away have you !?"
Probably, but don't want to throw it away. The market is always looking ahead. Any sign of Iraq oil field developments and this company will easily raise at much higher levels. But will we get it?
I've given up Ghana.
Well some stock is being picked up, though low volume, a bit of good news would certainly double the mkt cap in an instance, but is their something good coming. Perhaps the fall is psychologically driven through fear? I may kick myself for not loading up.
Is their a placing coming? I can't think of any other reason for the SP weakness aside from de listing fears, though there have been no indications of such?
The last placing was at a much higher price though that company that bought the stock didn't fair well itself eventually.
It's possible this a bargain as well, though those things are rare on AIM.
Seems to be some buying interest last few days, myself included, though I'm just punting on possible Iraq news on the Merjan oil-field.
Several years ago I was punting on Tano block in Ghana with CLON and we are still waiting, so I'm not betting big.
It's hard to tell if this company is not slowly sliding away out of business for it's current owners or steering itself to a future where current shareholders will still own and perhaps even benefit tremendously from it. The high dividend yield looks like a bit of a trap, though has held the last few years incredibly well.
Might even fall for the potential trap if it falls further. I'm always getting lured into what look like bargains. I used to own Johnston Press ( 100% loss), hence the trepidation.
Yes, all the best Rick, I'm just trying an occasional 'trade' to supplement my dividends. I'm hoping to buy back cheaper, but of course I may be trading myself out, if I don't see around 46-47p over the coming months, which is my re - entry target, but not if loan scandal compensation payments turn out worse than expected. Banks have a habit of always doing dodgy stuff (like PPI etc). See how it goes, I sold all my Natwest also (few days ago), though they won't be affected by car loans scandal, so they will be the first I look to buy back.
After seeing all those broker recommendations to buy, decided to ignore them. Always a potential that the car loans scandal may need further provisions at a later date, but don't let me influence anyone to follow suite.
It will make for an interesting conversation at a later date to see if I was right or wrong to sell, as I don't really know!
Any idea what would be the attraction for a bidder? What assets do Sainsbury's have that can be stripped out and value gained by a bidder paying such a high price?
Morrisons had a vast estate of Freeholds and spent years behaving more like a charity so shareholders took the takeover offer as the choice was a continued languishing financial performance.
Sainsbury's have been slowly selling freeholds to manage it's own long term financial decline and has sizeable debt also.
Yes, cheers Pauly80 and for some perhaps strange reason I still believe this Ghanian block is 'real' and not a hoax? I may be a right mug sadly, or certainly feel like one sometimes.
I've just remembered the name of it 'Tano Block'! And what's even more crazy, today I bought a few PET, in case something kicks off (Iraq direction )as directors have much bigger stakes there.
Well, I hold a few ahead of results and mindful the company needs a new decent order or a few of them from somewhere to get it back to decent solid profitability and a dividend return. I keep watching the trades. If I see more buyers coming in then it's likely i'll add a few more. Confidence works wonders sometimes when looking to buy and the market always looks ahead.
Just getting up to date here and I see I missed another fundraising back in March and all talk on Lithium in Bolivia. What happened to Ratification of that oil prospect in Ghana? I can't even remember the name of it now off hand, as it's been that long and I've grown old waiting?
Fund raising? New meaningful order wins? Takeover from somewhere? More bad news? Listed in 1998 and hit around almost 500p at one point?
Hope this isn't just another typical AIM resources stock that ends up at zero eventually?
But yes seems to be a flurry of 25,000 block sells today and in reality it's not that much but the market is thin, with no buyers interested?
The results will show a big turnaround. That is already known, but perhaps the market will get a reminder and price some optimism in? A little buying today ahead of results, will be interesting to see if that continues as we get nearer.
Big Banks on a bull run last few months. Always thought they were cheap a few months ago but didn't buy too many, as always. Amazing how the market seems to change on a whim. At some point I expect to sell, hopefully before any big plunges!
Err .....Yes I agree, the only thing that has grown here is the money 'raised' from investors and 'translated' into expenses.
A regular pattern I've experienced with most AIM companies as well as other listed companies.
Hence overall market skepticism and trading volume sinking for the last several years as well as valuations.
Looks like no one is bullish here then?
Aren't most/many AIM or other listed companies the same? The whole point of listings is to raise money and pay themselves with it and fund the objectives (in this case oil exploration), is it not? Yes I know they claim that the objective is to make money for shareholders/grow the company, pay dividends etc, but rarely do we see that in smaller early stage companies, hence making shares investment risky.
Supposed to be news from Iraq coming here, but not heard anything yet. Anyone bullish here?
Yes, I suspected they were just messing about. :) Curry's is holding up well at the moment, though I don't expect that to continue either, so i'm staying out for now and still holding other badly timed share purchases that I would like a refund on also if possible.
The problem in a bear market and with an economy that has operating on accumulating debt and low interest rates and not healthy profitability is that whatever price one pays, Zero is still a looming possibility and will be reality for many listed company shareholders.
Ok so I decided to sell and get a refund for a badly timed entry last year. I just can't see the Chinese paying above what the VC offered. However good luck for those staying in, I hope another offer comes along.
If JD walk away also the price will likely tank IMO and I may buy in again later this year in that scenario. If only we knew what was going on behind the scenes? A few more days and we'll know.