Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Unlike more liquid stocks on market segments where buyers and seller are matched directly, CLON is market maker driven, so the market maker takes one side of every trade. Consequently each trade is either a buy or sell from the wider market's perspective. The polarity of many trades though not all can be easily surmised by looking through the record.
CLON's sister share PET did an utterly monster move from around 1p to 27p on very little a couple of years back and CLON has repeatedly had very large moves too, also on very little. Seems to be the MO with these two stocks. Difference this time is that we have a huge fundamental driver. Let's see what re-rate they can effect this time round.
Very wide faux spread on Level 2. Still 0.47 to buy though. Looks like an attempted fishing trip to pick up stock, garnished with late buys posted as sells. LOL
https://www.apalachicolafishingcompany.com/wp-content/uploads/2020/07/Man-reeling-in-a-big-fish@2x.jpg
Given this is up 30%, a lot of newbies will be taking a look for the first time. Has anyone got a synopsis prepared they can post to help them appreciate what's on offer here? Great opportunity to get the word out.
Current valuation multiple is completely out of whack. This should be several times the current market cap for drill exposure of this magnitude. If the placees back off for a nano second, buyers should flood in and this will absolutely rocket. BOD should have a word.
It's frustrating. Looks like equities might be spiraling into a major bear market with most companies getting hammered regardless of how brilliant their assets are. Fed policy, geopolitical risks and global economic slowdown has created a very nasty ****tail for equity markets and this was the last thing we needed, especially hot on the heels of the discounted placing. Doesn't look such a bad price now does it? Gil got the cash in the bank just in time. Well played. It's always frustrating when macro issues override micro investment theses. ECO specifics look fine, but it might be a bit choppy until the macro environment has stabilized.
There is no placing announced at 0.25p. As I said already, the 0.25p reference is just the PAR VALUE OF ALL CLON SHARES. If you look at the full name for any share it contains a reference to its par value. The full name of CLON shares is, 'Clontarf Energy PLC Ord 0.25P'. Ord means ordinary shares and 0.25p is the par value.
https://www.investegate.co.uk/CompData.aspx?code=CLON&tab=fundamentals
BP. has a market cap of £82B and its SP is 420p, but guess what its par value is? 'BP PLC USD0.25 (BP.)' Yep, same as CLON 0.25p. Doesn't mean BP is going to raise at 0.25p.
https://www.investegate.co.uk/CompData.aspx?code=BP.&tab=fundamentals