Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looks like it's heading for at least a 10% today
Does not look like another blip
Engines are warming up....0ver 7% up atm
I tend to agree Snott, but benefit of the doubt, as they give the Mauritania govt. Time to digest the result.
Quiet here this morning, think many are over at GCM Resources enjoying the continuation of Fridays SP party.
There are some strong voices on here, I mean some (IMO) serious investors; some appear to be are LTH's. I've been around Chariot for about 3 years or so, and I have a high risk appetite. I bought more shares in just a couple days before Christmas, than all the BOD together since, and this was just a minor top up for me. WTF is going on here? Is it the connection of Energean to the Israeli Government and Corporations? If Energean get involved in the Gaza Marine Gas Field (which as I understand belongs to the Gazan's-All O&G companies having so far been prevented from getting the gas out of the ground for Gaza, by Israel). The Markets will run scared if Israel illegally take this gas field. This is an ethical and political minefield.
And to add to this, Chariot stands today (IMO and the opinions of analysts), as significantly undervalued, so why aren't the BOD filling their boots, like some of us shareholders? What are we missing?
Absolutely spot on TDB....Chariot are damned by faint praise by these BOD deals. There is quite some ground to be made up after the missed deadlines, false promises and unexpected share dilutions. No amount of cheerleading from some on here is enough to cover up the markets disappointment.
SB, if as you say you agree, then YOU show me the Maths, or at least say please.
Regardless of your poor manners, according to some analysts view, Chariot currently has a Quantitative Fair Value estimate of around 0.22 (IMO, Chariot should at least be at 0.18). It's Enterprise Value is toward 0.99.
Chariot is massively undervalued, and really, it was around late August this year that we saw their percentiles decline, and it is now very much oversold.
As for the rest, as they say DYOR...Over to you.
You can speculate until your blue in the face, even this mornings COP28 announcement can be thrown into the mix.
Whatever (and you can tell me that I am wishful thinking), but Chariot IMO is currently undervalued by over 60%, and even that number maybe an under estimation.
They are not Director buys, but it would be helpful if the BOD did put their money where their mouths appear to be.
You never know, maybe we will get another surprise present of a further dilution...
If you have not seen this already, thought it might be of interest. I was not expecting to see much from this share, but a pleasant surprise.
https://www.lse.co.uk/SharePrice.html?shareprice=UPL
I hope Char delivers a similar early Christmas present.
BDC
Do you actually realise that you're defeating your own arguments by evidencing the RNS's? All the positive news and BOD bluster, and here we are...You do like the sound of your own voice, I'll give you that buddy.
BDC, you're the sort of person who looks in the mirror for an opinion. I would not trust someone like you to tell me the time.
Whatever your game is, no one's interested in your ramping.
BDD
'As a shareholder, I find it incredible that you believe this.'
That's your issue.
'And if you do truly believe it, then it seriously begs the question – Why are you even a shareholder?'
Mind your own business, get on with your own investing, I assume you have put 50 quid. You have a lot to say on other peoples sovereignty, get a life.
In the cold light of day, we do not know if the company (post the last 2 raises at 18p then 14p), is anywhere nearer toward 'monetisation' of its assets (monetisation cannot happen until gas is out the ground); but rather is it anywhere nearer extending it's negative cash flow runway until monetisation can happen, without diluting again.
This is not SP sentiment, that's just your opinion and assumptions, the SP is where it should be given the recent uncertainty.
It is about credibility, and this is now in very short supply. This Aim, so credibility as a general rule is already in short supply, AP et all have work to do.
SMH...AP also told us (before they id the 14p raise), a lot of very positive things, that have not since been addressed properly. In reality, the AGM was simply needed to sign off the resolutions , and they churned out the glossy powerpoint again, that is not good enough for me.
Char is currently underperforming many of its competitors, while its market cap is over 200m dollars, and with its current share price sitting (regardless of what future gas is in the ground) at its real current value, or thereabouts. It WILL deliver future revenue at significant levels year on year (we will be lucky to see first gas by 2027), but it needs to negative cash flow this in the meantime, or face becoming distressed.
We have been provided with no salient information from the AGM, to provide PI's with some level of confidence, to ward off any future need/threat for more shareholder dilution. This is simply not good enough (and you some of you can make all of the excuses that you like), but we are being treated like mushrooms.
The big issue for me is the rate of cash burn; Char are clearly not seeking to reduce current cash burn, they are in fact ramping it up. This means that either they sign off on commercial arrangements (and get partner cash into the business), or the cash runway starts to shorten, and they raise again.
Many of us have much larger holdings than a few of the BOD's, so it is our fundamental right to question the BOD, as it is for all PI's to do so. Some on here feel that they are the arbiter of what PI's can say or question, stuff you, we have to hold the BOD to account. As for IR's, they are usually nothing more than a gatekeeper to stopping uncomfortable questions reaching the desks of the BOD.