Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"After including a nominal US$5m of value for Vardar Minerals and allowing for our NPV10% estimate of future corporate-level G&A expenses, our resulting risk-adjusted Sum-of-the-parts NAV estimate is 5p per share. The latter conservatively equates to Just 0.1x our fully un-risked NAV, yet nonetheless implies c.8x upside to Beowulf’s current share price, suggesting a significant mispricing of risk by the market.,"
Maybe read the whole thing... It values the company at 5p a share now... (NAV - Net Asset Value)
Don't let facts get in the way...
EricDraven, this bunch of clowns should be wholly focused on running this company. Not lining their own pockets or seeking to dream up sweeteners for shareholders.
Rome burns, and they fiddle at the edges, just like Budge did.
And why throw good money after bad?
As I've stated previously... Gets run into the ground, sold as a going concern, and select member of the board get plum jobs in a new entity.
With the parting words... 'we did our best... Challenging market to raise finance... Blah blah blah'
Still waiting for Bowie to release his salary. He won't be able to hide it come the next financial statement.
Likewise the new Project Director, who is conspicuous by his absence or low profile. His first achievement to date? Lining his own pockets.
From the RNS dates the 8th July 2022:
In establishing the LTIP, the Company's Remuneration Committee has taken advice from a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies...
"The LTIP is designed to retain and incentivise key employees and Directors..."
Verbatim from 2022... Other than line Budge's already bulging pockets (Daddy assisted in the managed decline of the pits), they coupdnt even be harrised changing the wording.
Multiple employees have since left... So how's it working out for investors?
Where to start?
Yes they do have to pay for them... But will only exercise them when they ware worth in excess of what they are permitted to buy them for. It's a gift and poorly timed at that.
The timing is appalling given the poor performance of the CEO, Chairman and directors. They have repeatedly failed to deliver... anything.
With such a low price, it's demonstrates a complete lack of belief. If the price were 10p for example, that might demonstrate faith and ambition. But no, they've granted themselves rights at a ridiculously low price, barley above the price at which they sold out existing shareholders.
So, in short, get some wool on your back, read up on the performance of the company in the last 5-10 years and then pass comment.
And it serves to prove that there's no ongoing discussions or negotiations with interested third parties... That would be a closed period, and they wouldn't be able to do this.
The irony is, if the company was actually doing well, he could buy a corporate jet for all I cared. But it's not...
Perhaps they should focus on core business and not pass the time informally voting to hand themselves a significant chunk of the company.
"Beowulf (AIM: BEM; Spotlight: BEO) announces that the Board has approved the award of options granted under the Company's Long-Term Incentive Plan ("LTIP") to certain directors and senior management...'
Who wants a pay rise? Show of hands...
And I'll save someone else the trouble...
You are comparing two projects at very different stages of development, with very different financing requirements.
Posters have duly noted your repeated musings. Take your saviour complex somewhere else.
We agree on the outcome of the court... It's fundamental to the success of the business.
But I won't accept being once again caught in the headlights, when the company receives news pivotal to our success. The case in point being the issuance of the exploitation licence.
The HFD announcement will be Budge's exploitarion licence money. Rabbit in the headlights.
I don't want rapid progress, or advancement. Investors want results, and Bowie, as with Budge are paid to deliver. In othwr words, finalisation. If we can't afford the EIA to be completed, why spank money on Vardar?
And 2024 has essentially been outlined in the last RNS. So no, little of substance will have been achieved. Advanced maybe, but not completed - There's a huge difference.