Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Unplugged01
You could be right with that post, but sometimes it is better to come out with a bit of money rather than lose the lot, I don't think this will go belly up but it could possibly go down to under 100.
I don't think there is any chance of it getting back to 10 pounds, we will be lucky to get back to 2 pounds.
If the markets thought this was worth 240 when they got the Delta deal, then why has it dropped down to 140 now, same last week when they said the trading update would be put back, it went up to 165 what's changed.
I am seriously thinking of getting rid of some of my shares, but when you see it go up 5p in the morning you just think this just might hold onto a little gain, only to see it lose that gain and more come lunch time.
Toltorisk
You can look into all the fundamentals of a share, but a lot of the time it doesn't all work out the way it should.
I think a lot of the time these start up companies are way over priced, they seem to zoom up on ifs, only to find out it is not as good as anticipated, ITM is another company just the same.
I have made quite a bit in the past on my shares, but lately not doing great, apart from one or two.
Really speaking when the pandemic started, I should have been buying shares in the ftse 100 and just left them alone, because most have come back and done well.
The trouble is sometimes if you can afford to take the loss it might be better taking it and move on, because the share could just carry on going down to say 50p and stay there for years to come, it all depends on each individual circumstances, and also their age.
I took a loss on these before they announced the Delta deal, and stupidly started to buy back in, I really thought they could have turned the corner then.
When that deal was announced the share price went upto 240, if the markets thought it was worth 240 then, why has it suddenly dropped back to 150, when they gave out the RNS the other day it went up to was it 165, why drop back again, are they going to give out another deal and then go back up to say 240 again just to drop back to 150, it's crazy imo.
I myself just don't know what to do here, sell when they move up a bit in the hope they drop back and buy them cheaper, I was doing that last time and got caught out.
I just wish the board would bring out some good news.
Unplugged01
I feel for you, I am around 14k down, but I lost around 10k when I sold up Last time, and stupidly bought back in, thinking with the Delta deal through their would be more coming in and the dark days over, wrong again.
Unplugged01
We are a pair here pxxxxx off with this share, it won't be long before we are back to the Wednesday low of 147, I think in all the years I have been trading I have got to say this is one of the worst share I have held, even worse than my National-Express shares, now called Mobica, rant over till next time.
As soon as I can get even or a small profit in my tranches that I have bought, I will sell them, because I am sick of this share doing nothing.
AFC has gone up around 20 percent in the last 3 weeks, it's not a share that I have bought, or had in the past, I have it on my watchlist and it seems to do OK.
The only share that I have done well with lately is CAB, made around 80 percent profit on those.
What was the point of this going up to 161 this morning, because I bet you could have only got around the 150 mark to sell, so it is a pointless exercise, wouldn't be surprised to see this in the red by end of play.
Toneman
I quite agree, like you say delays are usually bad news, you just can't weigh this company up, and what's worse you can't weigh up what the markets will do.
Imo their has been absolutely nothing to warrant 3 days of drops.
Surely the JV should have already have been priced in, because they said at the last trading RNS that the JV is not going through, so I just wonder if Waichai is selling some or all of there shares in this
Those 2 persons who sold out earlier today looks as though they have done the right thing.