Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
That's an amazing read. Even I wasn't expecting 2m tonnes for the quarter. That's a pro rata of something like 150p a share in old money. Keep that up and there will be enough cash to throw at any problem and get the divis going again. If the Ukrainian Gov and oligarchs want FXPO they could have had it last week for the sale price of £270m! :D
FXPO have beaten all the analyst forecasts and expectations - again.
Yep it is. Massive profits just dwindled away. But the fact remains the stock is cheap. Will be c80m knocked off the debt again this quarter, maybe more, and the sale of Golden Eagle could truncate the debt to be cleared by year end. Annual FCF in excess of today's market and we see an SQZ 2015 type rise.
Would be good to get an RNS with details of GE. Market should respond well to that.
Buy back likely to start next week. I'm sure they'll want to get started while the SP has dropped off the high a bit. This will turn around soon, but yes should of traded a few. Look at the historical chart, only takes a few sessions to get back into the 20's with the current number of shares in issue. I didn't want to be out of this at 17p plus, Def don't want to be out down here.
Yep things are looking up. The company was said to be resilient in 2022 and 2023, they are still at it turning every obstacle around. Todays RNS was a long read, the key bit was getting that 3rd pelletiser going. They have 4 and were only using one fully in 2023, and a second one as they could meet export demands once storage was full. Getting the 3rd one going means 1 and 2 are running at full capacity. With the safe corridor in the Black Sea in operation and that extra pelletiser running growth to the bottom line will now be significant for Q1 and even more so in Q2 vs 2023. It's fortunate they have a steadfast and loyal customer base.
Hasn't been that busy today. Looks like MM's are trying to accumulate. Clear 18p and there is a nice gap up to 21. As stated on here buy-back equates to around 2.5-3 million shares per week to hit the £15m by roughly year end. Be nice if the company RNS's the sale proposition but will obv have their reasons. Stock remains mind-bogglingly cheap. Only 9 sessions left this month and the buy-backs are due to start on one of them.
Https://gmk.center/en/news/ukraine-exported-3-34-million-tons-of-iron-ore-in-march/
Fair comments. Zhevago prob doesn't trust the government enough to come forward but he's worth well north of a billion so this wouldn't be that much of a knock to his lifestyle assuming money is all they want from him. @TwoCents, you're right about setting a precedent, but it may be worth it to get rid of the problem - not suggesting paying anywhere near the full amount tho. I don't think the market is too bothered about it, when it came back into the spotlight a couple of months back via RNS it only knocked 4p off the share price (87p down to 83p roughly) hence I think we are in extremely oversold territory now. Look how much money FXPO are able to make when their exports are not choked or bottlenecked. While they won't be shipping as much as they were via the black sea, they are now able to reach markets they haven't been able to get to properly for 2 years, £££.
I obviously see your view. FXPO have given 3.3billion to Ukraine during its time. They can't have it both ways. In some respects I hope they do screw it over, it will finally get me out of their corner. Shouldnt mess about with foreign companies when you have your begging bowl out 24/7. FXPO have paid their dues and that should be recognised. You would think the country officials would support the generation of tax. Anyway just over a week to go :)
You have to realise this is now sub 50p a share with just a £270m market cap, Over 100m in the bank and no debt, adapting to every situation thrown at it. Almost paid out a dividend thats would now be worth a very sensible %! I'm confident divi will be reinstated. Same operational situation at 120p. My money is on seeing a big move on the April update.
The company has already stated they have stronger volume and growth this year. The biggest hurdle they had was not being able to use the seaports for exports. These exports resumed this year thanks to the safe corridor in the Black Sea. The issue surrounding the delay is the 20 year old legal case which pops up every so often, already been kicked out once by the Supreme court but someone fancied having another bash. Production and volume is obviously going to be a lot lot higher for Q1 as they have been utilizing another pellitizer thanks to being able to ship via the Black Sea as well as seeing an increase in rail transportation and selling through their stock piles thanks to improved transport. Personally I'm bullish as fook.