Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It was always going to revisit the lows of around .11. I'm glad I held off again. Trouble is with these two completely clueless and ridiculously greedy g00ns in charge even a chaos theory win is looking less and less likely.
Shareholders had their chance to get rid of them, I even phoned some of the biggest holders to express my feelings and ask that they vote them out - it didn't work so many of you have got what you deserve sadly.
This would be criminal in most other walks of life..
Time to recalculate the incentive schemes again no doubt..!
C(N)UTs..!
The massive reduction in value and the ongoing lack of respect shown by the board for their shareholders is a huge red flag here. I've watched these for years and missed out on the huge spike from 3ish to 40ish. I traded them a lot around the 10's on the way back down but have recently followed the money and sold the lot. I'm about even and hope to get back in when I have a better understanding of what's going on.
Clever words and jokes have never cut it for me - follow the money. I suspect there are structural problems some of which we don't know about.
The silence is deafening which is rarely a good sign with high risk trades like these.
GL hopefully I'll join the ranks again soon - even in the unlikely event I have to pay more as a result..
71.8 please.
Robbed..
Not happy :-)
The serial under achievers seemed to have found the golden ticket to keeping their self imposed gravy train trundling along.
Keep throwing mud at the wall hoping for an eventual chaos theory win to justify years of greed and waste.
Keep the bad news as secret as possible and over hype anything that might be slightly positive at some stage much further down the line after they’ve come back cap in hand for more of your money - again and again.
After all these years revenue is almost non existent and declining, but it really doesn’t seem to matter to these two who will continue to fleece shareholders for massive non performance related salaries whilst they sit around inventing other ways to keep the whole farce seemingly relevant.
73.2
The RNS tells you everything you need to know, everything positive written on here is just bluster to try and ramp the F out of this.
The improvement could be less cash calls on an ever decreasing share price but there will still be cash calls.
No USP after all these years, they can't sell very much and anything they do sell costs them 10x more to produce. It's purely been funded at shareholder expense and it won't change..
The recent spike was complete mischief - avoid..
Agree Mickey, I thought they may have learned their lesson by now after all of the previous leaks - obviously not.. I wondered why the share price was up, now we know.
Sh1(t) is what Sh1(t) does - so I'm out again..!
"Value welcome through in the end. Patience"
Agree Wisebear ! It will and I have been !
Still 90% short on various markets but started to pick up a few bargains today - but not these.
There is no conspiracy, these aren't being played, it's a further downward rerating on the higher inflation and therefore higher interest rate numbers is my guess.
Still a way to go before the market bottoms - so no rush...
.
I came back as their world roaming covers a country I spend 3 months a year living in, it's that simple. I'll keep some phone contracts with them the rest I'm slowly moving. It's a car crash..
The average interest in a period of 400 year low interest rates -really ?? I think it might be different now !
I don't need to check the bonds, the company is very solvent, they will recover but it needs a good captain to turn this big ship around.
I said at 90p it would drop into the 70's. I said the market would sell off, this is just the beginning !
You keep averaging down, I'll keep shorting the markets and will wait for a clearer entry point - it's not yet though..!
1. Based on bad experience 15 years ago when I left them. Came back 2 years ago as I thought they must have improved and it's got a lot worse. Several contracts with them, hours on the phone, broken promises, cancelling the wrong contracts leaving me with no broaband, speaking to people who can't understand basic English. It's a shambles when it goes wrong.
2. Underlying debt costs are rising - do you think they're dropping then ??! Read the balance sheet and accounts, look at the share price...! Those are the facts..!
Mr Long, it was a three pronged point and I was responding to an "it will be alright as our income will go up loads because of the inflationary increases"
It won't overall because if it's out of kilter with the average then customers will shop round and move (there is a cost of living crisis).
Customer service is horrendous if you need anything except an upgrade or some more stuff...
The debt is getting more expensive to service which will impact margins more than any inflationary upside and revenue is effectively static.
Put simply they've spent too much on infrastructure and have lost sight of what is the most important aspect of their business - the customer.
If only it was that easy, you can only increase revenue by more than your competitors if you can offer something more or better. Vodafone does neither so it will lose more customers and offset most of any increase in tariffs. The debt costs more to service too..
Here's an example of how (5h1)t they are. 17 months to get a broadband contract cancelled and refunded and I'm sat here toggling off of my iPhone as they also cancelled another contract that they shouldn't have. Hours every month and it comes to this. Avoid them avoid the shares, it will continue to decline until they can take their responsibilities seriously..!!!
Inflating the debt away only works if your income increases at a similar rate to inflation, otherwise the debt remains broadly the same in real terms.
Vodafones income has increased by less than 5% in five years - therein lies the problem.
It does if you understand the reality of the numbers.
Income excluding the Corallian sale is down, and they've still managed to lose money even with several million coming in from that sale.
After years of fund raising from shareholders the value of the company is little more than the one crappy deal that they got over the line during the best time to sell that asset in years...
The cost of keeping the gravy train rolling along means that it continues to be a Hail Mary bet on WN.
c£50m raised - value £13m - Despite their blustering the clowns in charge have spaffed the rest - simples..
I posted here before the market opened after the latest RNS. Most on here thought it was positive and the price would rise - which it did for an hour or so. I suggested it would drop into he 70's.. Until they really start to get a handle on looking after their customers properly and invest in treating them with respect rather than purely focussing on just trying to upsell this will continue to drift. There are massive structural problems and far too much debt in an expensive to service it environment. This will turn, I will start to invest but not until the next inevitable market sell off (imminent) which I suspect will push this towards 70p. Time will tell..!
Eagle, thanks for the compliment.
There's the difference, I rely on experience, knowledge and understanding of the markets to make my trades - you're relying on luck.