Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Only small top up 3K shares, but aiming to build a reasonable position over the year. Think the drift down of late is the low risk attraction of Bonds. I’m sure as interest rates get cut, people will look for more attractive yields and need to take on some risk. IMHO
Well I’m hoping so.
Only hold 20K shares here, recently added. Can’t add more at present but hope to build a bigger position as the year progresses.
Used to hold these and have recently started to build a position here again. Discount and dividend are attractive.
Now reviewing my PF to hold more income generating trusts with the yields across a number being in excess of 6% and looking to grow their dividends.
Hadn’t seen that article, but looked at the recent investor meet interview and dipped a toe into this trust this morning. Annoying that they marked things up, but will be adding more soon along with JLEN to my income PF.
Sorry should say it’s my view not as I’m not privy to anything news worthy. Your 20p on Six months is just as valid. (Friday night commentary isn’t probably a good idea).
Those were comments from yesterday morning if you get their subscription. Think they are behind the curve. Last property sold (RNS) was well above market value. IE the valuation is marked down severely and is the gauge for LTV ratio. If the valuation is actually higher, which is implied by recent sell, then the LTV is wrong and the SP should be higher.
I suppose it’s the choice of if you believe 20p based on a guess (not imentioned in the IC article) or feel the bottom is in. I suppose I’m in the - bottom is in corner.
Good luck all holders.
Been steadily dropping back to 30p. Surprised by the selling, but is back into top area.
See how it plays out next couple of days
Apologies for the mis spelling (REBUTTAL)
Letter now issued
Maybe you should post that on all companies/trusts with a China investment. Might help them cope.
Thanks for posting those clips Lukee.
Well decided to use my Dividend and some cash to buy back in a small position this morning.
Wasn’t expecting the RNS when I reviewed things over the Christmas break, but nice to read the news this morning.
Will be interesting to hear how the handover to Sat from Mike is going and the repositioning of some of the Portfolio to accommodate more growth assets. More importantly the projected dividend income and how in the near term the “Income Reserves” are utilised.
Happy to see my holding in the green and the NAV steadily rising. (Hope that continues in 2024).
Let hope so.
I have built up a my position here so my average is now 32.4p for 100K shares, so nicely in the green. But will be happy with a steady increase over then next month or so. More positivity on Interest Rate cuts will no doubt help sentiment.
Good steady Share Price progress.
Thanks hg.
Should have said ‘Running Yield’ not Real Yield.
Hi Canetoad,
I’m not really clear with how the actual bond yield is 16%, so appreciate any clarity here.
Surely if say the original price of the bond was £100 per bond and is say now £90 then the yield goes from 4.5% to say 5%. The Capital Gain is the rise from £90 to £100 on redemption, say 11% gain.. (Pull to Par). As such the Total Return (if you bought 1 year prior to redemption in Aug 24) is 16% (5% yield plus 11% Capital Gain),
So would not the ‘real yield’ be 5% not 16%. I’m not sure how when renegotiating the terms on the £50M bond they would be automatically looking at 16%+ on a new bond. Unless they default on paying the bond. In which case the matter is a lot more of an issue.
Can’t argue that your 16% return for 1 year ain’t a bad return on a lower risk Bond though.