Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If the share price bottomed out last week and on the way back up with the increase in Gold price. The high P/E 28.6 is a bit off-putting, when compared to Serabi 5.2, or Metals Exploration 3.1.
19% since my last purchase 18th December, not bad going.
Page spread in I.C. this week re Playtech, appears positive over various scenarios that may playout.
The 8 analysts 12 month price targets for Playtech PLC have a median target of 719.63, with a high estimate of 882.41 and a low estimate of 616.83. The median estimate represents a 59.99% increase from the last price of 449.80.
He appears to have a heavy focus on Africa and as mentioned by the interviewer "is 2024 going to be another poor year for mining" which its not looking so grand unless China really picks up. It all looks a bit static for a while for the green metals despite all the hype. After I pulled out of JLP, THS, SLP, Impala, Northam etc. I started to look for those metal/mining companies with lower P/E and growing cash generation. JLP has a fwd looking P/E of 7.1 and ranks on P/E as 22nd out of 45 metals/mining group, THS 3.5 P/E 7th of 45 companies, SLP 5.3 P/E 13th of 45. Impala 11 P/E, Northam Platinum 16.5. So decided looking elsewhere out of Africa and took a punt on MTL P/E 2.7 up 9% today and 121% over the year. I've made money on all the others (not always) at different times, but for me the real gains will be elsewhere for the next 12 months. Plenty of time to buy back in to JLP later as it appears to have a fair plan for the future.
MTL meets quite a few long hold screens on another site.
Greenblat Magic, William O'Neil Growth, PiotnoskiF-ScoreP/E, Tiny Titan momenstum screen, Neglected Firms screen, Free Cash Cows, and the Screen of Screens. Most companies rarely meet one of them.
Rocketing up, and unlikely to, but a steady gainer.
Still falling inline with last three year trend, despite what appears to be relatively good news (along with many other metal companies). Revenue is estimated to rise this year and more so in 2025, though profits appear to be down in 2024 and rising in 2025. I suspect there's time to wait before buying back in.
Of IC updates as they often plug shares that they have previously recommended in what looks like an attempt to boost SP to prove that they were correct in the first place. JLP was recommended as a buy on 26th October 2022 (and earlier) at 11.7p and has halved in value since.
JLP's day will come, but the graph trend indicates that its not today.