Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yesterdays announcement's were hard to swallow. I agree that the Company needs to reduce debt significantly and cut costs which obvs includes the divi. However the about turn was for me poor management and clearly their general handle on margins was not up to speed. I agree this about turn must be linked to the covenants/lenders and its a shame this wasn’t addressed a year ago. Hopefully management are now fully on the ball and yesterdays release draws a firm line in the sand. The sale of the US School Bus Division should flatten the debt and release some pressure on the business especially given the rather odd world we live in these days. Sentiment and confidence with management/bod is clearly at a low ebb and needs to be re-built.
Silly comment standard statement
Tbh Garbled u were pretty pathetic where RKH and DES were concerned all those years ago and tbh your position re NEX is pretty similar imo…
Poor old Garbled aka FI now …still going on and on…its really boring now….
If u wait six months to purchase shares u will miss the boat
What planet r u on…
Amazing results over the last six months and a robust outlook….
So we had a poorly received capital raise recently after the CEO lied which slaughtered sentiment including mine….however we now have seemingly good results about to land via rns if these two are to be believed…btw i do believe and am torn between adding or not….will probs wait til next results to see if the “picture” gets better….rome wasnt built in a day so long term hold whilst they build the resource extent….