Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
JG, yes annoying as it is i bought another load today. My first tranche here was @152 about 18 months back & been adding all the time but this has been constantly downtrending bar the blip up to 92. It's sometimes tempting to throw in the towel but i do think it'll recover in time. Maybe not to the old highs but my average is way below £1 now so i might start selling a few once we start going a bit higher. a dog of investment this really has been for me!
JG £2bn in cash & facilities. Revenue continuing upwards. Any need for CR etc extremely unlikely. Was my primary concern really. As long as the businesses are ticking along here this will be fine over the long term IMO
This morning was always going to present a buying opportunity in the absence of any astonishingly positive news. There is always the danger it will now drift in the absence of further news. Personally i'm happy that a lot of my immediate concerns here have been satisfied. I'm hopeful the new finance chick will breath some life into this but it's likely to continue to be a slow burner for a while yet!
Usual results day rot as i see it. I don't think many look beyond the headline early doors. Hopefully finish the day flat or eve up a bit. Wishful thinking of course! Personally i was quite content with the RNS. Could have been far worse then that anyway!
Always amazes me how the sentiment changes people's approach. When this was £1.50 people were starting to buy up saying how cheap it had become. 10000 shares at that price will now buy you 25000 shares but i sense far more reluctance to buy at the lower level than the higher one. While obviously the news on this share has been almost constantly negative since that 1.50 level i haven't actually seen any news which could be considered a total disaster (i.e. affecting this as a going concern). For me Monday will be a time to buy here for sure unless there's catastrophic news but even then if it's a tin hat day could be a great opportunity to get these dirt cheap as if they're not there already!
As i understand it the impairment costs were factored into the last earnings statement. The Balance sheet in itself, now that the short term debt has been refinanced actually looks very similar to the balance sheet back in 2018. The big difference being in the earnings hit from the impact of Covid. Barring no black swan events if they can get the earning back on track to the 2018 levels this could do well again. A long road ahead here though for sure!
HV, i suspect a lot of peeps just waiting for Monday update. I'd expect even an RNS just confirming everything in the last one with no hidden delights will push it upwards. The fear of a DOCS day will be putting off people committing funds today!
Hindy, well, yes i have swing traded a few shares in the past CPI; Cine; IAG spring to mind & i've usually done okay really. 10-20% gains in a few days isn't bad but i only use small amounts at any time. Not my thing really though. I prefer the long approach as not really labour intensive. This one has really wrong footed me & a lot of others i think but i think what you're saying is probably correct in that the bad news is pretty priced in here now & for this to tank big would take a really poor RNS release. Interesting to see the price action here tomorrow as well as the stuff always gets leaked out. Nonetheless i'll be buying on Monday i think either way as for me these shares are just too cheap IMO!
Hindy, I didn't say loads & i agree it's not a day trading share because you need 10-20% swings daily IMO to make that viable. A fair few trading this now short term as far as i can see. Each to their own!
People need to remember that very few investors ever catch the bottom on a SP. On most investments you will spend a period of time in the red. That is a given because as soon as you buy you incur a trading & stamp duty cost. Best not to get too fixated on the daily SP. Anyone here who's bought these for sub £1should be well rewarded if they can remain patient & avoid panic selling. This is a huge global business. The worm will turn eventually!