Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
As i mentioned on here a few weeks back. this is a great little earner. I've been in & out of this a good few times. A wonderful stock. Great little company this & every time it fluctuates to the downside is an opportunity to make a chunk of dosh. I' m holding for a while this time though as that TU was very positive. !st slice off when it hits the 150!
All the clowns will vanish overnight once the SP turns here. Off to view the next one to talk nonsense about. This company has always had a high debt level as you expect from a high CAPEX business. The debt here is lower than it's been for a few years & is perfectly manageable. Ignore the noise. This BB has really become a bit of a waste of time now so i'll come back once the worm turns and all the fools have left to pastures new! GL to those who are invested & Dipper good luck with TUI; ASOS; Avidity. All your hot dips doing great as expected!
JC, the question you asked was a bit rhetorical. The question you need to be asking is why you took a position here in the first place? Then ask yourself has much, if anything (aside from the SP) really changed with this company when you took that position? You need to ignore all the noise. The markets are irrational atm & sentiments are rock bottom. That will change at some point. It always does!
From a long term perspective the only real concern here would be if interest rates continued going up relentlessly & revenue started to fall. We need to see a vast improvement on ROCE in US & UK to the same levels (28%) that they are returning from other contracts. I think it will only be a matter of time before inflation starts to recede & interest rates peak & start to fall. As i see it at this SP this really is a bit of a no brainer but of course short term we could see it dip a bit lower i think but surely must be near a bottom now. With their cash in the bank they could buy back over 50% of the entire issued shares which is totally bizarre!
In what way shocking? you can't really judge them based on the SP alone. Yes if they don't deliver on FY promises it's time for them to go but SP aside i'm not sure what more they can do. This share needs time.Too many impatient hands here!
Poker, yes the ROCE number is key i think there. Looking pretty bad that atm but they've sacked the underperforming management in those areas. If they can turn the ROCE around that is key here. Interest rates/inflation etc are outside their control but the ROCE is a number they can influence.
JC, it was a tongue in cheek comment. I really think people need to stop micro focussing on the daily SP here. The markets are currently in turmoil & are illogical. Need to ask yourself: Is this company running OK? Is there any thing different to the operational business compared to pre covid that cannot be resolved in time? Is there a going concern risk? Is their enough operational cash? For me the day to day business is fine. The problems are outside of the control of the business. Therefore the lower prices are just a buy opportunity not a reason for panic & i am continuing to accumulate!
The BOD will not be micro focusing daily on the SP. They will be focusing on delivering what they have stated in the HY update. If they can deliver what they say the SP will be different to the one seen today. If they fail to deliver it is highly likely they will be looking for new jobs next year!
Just buy/hold & put under the bed for 5 years. your outlay by then will work out at 40p per share with the annual divi & the shares will be £4+. I got another lump today just under 76. Silly prices!