Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"Iron ore futures climbed back above $200 a ton as soaring steel production in China showed there’s no sign of the industry cooling despite government attempts to rein in output from last year’s record of over 1 billion tons.
Crude steel output in April rose to 97.9 million tons to hit monthly and daily run-rate records. The robust pace of production also lifted the year-to-date tally to 375 million tons, a 16% jump compared to same period last year. This comes as iron ore stockpiles at Chinese ports declined for the third week, indicating strength in demand.
Officials in China have restated their commitment to control pollution in its vast steel industry, with fresh output restrictions ordered in the mill-hub of Tangshan and nationwide inspections planned on capacity cuts. At the same time, a global steel boom has been helping drive iron ore inventories lower and pushing prices higher.
“As China’s steel production still continues to expand, its steel margins remain elevated and seaborne iron ore supply remains constrained, we think that the iron ore price can stay around the current level through 2Q, but is likely to remain highly volatile,” according to a note by analysts at Morgan Stanley."
The share consolidation was in 2015. In the last 5 years WL has purchased 63,514 shares and sold 0. LSE has provided a tab called Directors deals so you can find out this information. I hope that helps.
The Annual Results today make excellent reading. The prospects are huge and indicate that growth rates are going to accelerate substantially over the next few years. I have taken the opportunity to build on my stake.
Morning all, this looks like an interesting company I'm currently researching. Does anyone know why this listed in the UK not the US?
We had a trading update last month so I think that's unlikely.
Sirius, there is a key difference between BOO and AO and SLP. BOO and AO are on PE's for the current year of 41 and 46 respectively. That's after the drop in their sp's. SLP is on a multiple of 6. I.e. BOO and AO are roughly 7 times as expensive and that's ignoring cash. When you have a multiple in the 40's it doesn't take much for the SP to tank as expectations of future growth is so high. Therefore using them as a comparison of what will happened to SLP isn't very useful.
Yes, I bought some of these yesterday after the trading update which gave me the final push. I had been looking at these over the last couple of weeks and the growth prospects are undeniable. Their 2 key brands look excellent and I suspect the closure of schools will turbo boost their growth for several years.
The Option was to acquire the shares at a 20% discount of the current price at the time the options were granted, which was in Aug/Sept 2017.
The consensus forecasts for 2021, has turnover of $429.8m, EBITDA of $229.7m and an EPS of $1.92. That is a PE of 10.7 on Friday’s SP. Ignoring cash ($723m at 30/9/20) which suggests the market has accepted them as realistic? They seem pretty pessimistic to me. Forecast EBITDA is not much better than 2019 which was a year of very little volatility and is only half 2018. Looking at our customer acquisition this year I would expect a significantly higher turnover than 2019, but probably not as high as 2018. Has anyone on this board attempted a forecast yet?
We get this story about this time of year and not much happens. Increasing CGT rates won't actually raise much money. In truth although the government won't admit they are starting to realise that deficits don't matter as much as we thought. The BoE recently announced another £150bn of QE on top of the £745bn already in place. QE is technical gobbledegook designed to confuse the general public but in practice means writing off public debt. Japan do this each year for about 70% of their deficits and the US is catching up fast. In the past this was believed to cause massive inflation and pre war Germany and Zimbabwe are trotted out as examples but actually for countries running large trade deficits like ours and/or experiencing economic contraction such as now or 2008/9 you can print large amounts before inflation is threatened as we have seen. There is no economic case for raising taxes at the moment.