Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It was all totally predictable. And was predicted.
You can geology the facts to the nth degree but they are irrelevant when the company you look to bring home your geology dreams is run by a two man team whose only succesful track record is in paying their own salaries.Clueless as to why anyone quotes any prediction of PG. Zero ability to hit any target they even have the luxury of setting themselves.
MOU3?? One and two have been rinsed as promises for funding, neither have produced a fundable outcome so switch to a new dream - mou3. Plus throw out handfulls of T+T and mag mell chaff should you need to confuse investors on your tail.
Bait and switch still rule PRDs modus operandi for funding directors lifestyles. It was only 2 months ago that MOU2 was the euromillions payout, with a follow up 6 week delay assurance. Now.. zzzz.
If you believe in the geology, the best trade is to invest in whoever buys out PRDs rights once PRD run out of buyers for their infinite share issues and does the job properly instead of on a shoestring.
Divide share performance by the number of bullish words written by posters here to get the value of those contributions.
Disclosure. Still out and as per last post.. waiting for concrete progress, other than shipping forms for explosives, to materialise.
Oz my point is that being right on geology needs a transition method to money. Being paid by an employer for geology input is analogous to the economists in banks. But they aren't the ones taking the financial risks. Of course it may be different in geology, yet I have worked with so many economists who talk wonderful theory but plonk them in a trading market and they haemorrhage money.
As for yachts. I agree. Though i love them i gave up on ownership and as the old saying goes involving other things.. just rent them.
Matt i agree.
Profit and loss is in the difference between your own expectations and the average expectations of everyone else (the market).
But as you nearly allude to.. Keynes's "the market can remain irrational longer than you can remain solvent"
But with price being the ultimate arbiter there is little point in anyone becoming heated on this board as the ultimate judge is share price, not convincing anyone else that you are or will be right.
Debates only become heated when you are trying to influence someone else's beliefs and behaviours.
The strange behaviour is believing that you can only express an opinion on a share you own. Reasons for not owning a share should be extremely important to those whose next trade is to time when to sell, considering they are already long.
The next strange behaviour is the litany of 'pointless post' comments on opinions. A post describing another as pointless is more pointless than the first.
Considering that all facts are meant to be in the public domain already any new fact is either inside knowledge or nothing but opinion and one would expect, in a perfect market, for the weighted average of positive opinions to negative opinions to net to zero.
Whilst folk run their own fantasy league rankings of whose opinions count more than others it simply shows a desperate need to be led as sheep.
Proudly declaring you have filtered someone is a show of blinkered shortsightedness to the crowd rather than an admirable admonishment of someone who most likely doesn't give a squit what you think of them.
Predator continue to deliver nothing whilst RNSing crumbs of hope enough to keep the disciples believing in order to fund new raises to keep the lights on and the directors fed.
Every RNS is greater confirmation as to why future RNSs or presentations can be trusted less. That September timeline presentation, treated as gospel by the congregation, is now a joke.
Broken promises over spud dates and now this. Bogged down ar 1250m and not a sniff of gas.
It's a financial disaster.
Worth looking back through this board at the predictions of timelines and share prices and then reassessing the expert ratings of your experts.
Geology is one thing but geology can remain as a prospect longer than this company or its investors can stay solvent.
As per previous posts, still looking for a raise before any proof of fundable finds. PGs upcoming presentation fits with that last grasp pitch for funds. Wouldn't be surprised if it had a large focus on Trinidad. Bait and switch the hope.
He might be a great guy you can trust. But so were so many other genius failures (even Madoff was a hell of a great guy, I gather).
I had to laugh at Ford's explanation as to why he hasn't lost any money 'because I haven't sold'. If you don't mark to market then the alternative is you lost 100% the day you bought. From there your only hope is you may get something back. As with those who spend £x on expensive cars, the only thing you can deduce about their net wealth is the have £x less than they did.
If this were a serious prospect with serious billions within reach then any sound company would be able to raise the proper millions needed, employ a full scale team (not just 2 people with all the key man risks associated) and roll out some serious kit rather than messing around with half ****ed drill programs with cobbled together bits and pieces.
If you really believe there are people in the know who are worth following, ask yourselves if or why they would not know about this result or any future raises and then ask yourselves what they would have been doing with their stock holdings.
Either they sold down or they don't know so they may not be as god like as imagined.
Stock update. Selling out my free holdings.
I will continue to watch. For those who critique non holders of stock for being here. You inflict yourself with a dangerous confirmation bias if you are only willing to listen to those who hold.
I may buy again but not until after postive proof of progress and assured funding.
Tbh having failed to implement anything, the best this governmemt can do is suggest they may do something insane only to then rescind it and expect greater public support because they gloriously managed to cancel the implementation of an insane policy (even if it were theirs to begin with).
If they did get it through a lot of folks on here would have to mark down their PRD winnings expectaions by 45%.
1 billion inexchange for wrecking years of retirement planning vs the 371 billion spunked on the "pandemic...."/shirking from home/test and waste etc etc...Resolution Foundation?-commies...the absolute f*ing WHAT has happened at Abrdn.?? Closes account.
DaveRyder...
My concern is that they raise before they announce any provable reserves that could be funded against. Could be framed as now necessary for TT and would therefore see funds in the bag even if MOU2 is a letdown. Then any disappointment over Morocco can be countered with future hope on TT ... and on it rolls.
But hey, I have my free lottery tickets in this so am as hopeful as all holders for a winner but so far, every date target has been missed and missed by those who others claim as expert in this field and so should have been able to forecast the delays that those excusing them say were obviously going to occur. Hence I am not fully convinced of management abilities to provide shareholder returns. Hope to be proven wrong.
Whilst the normal excuses are thrown around for yesterday's price move lower, despite sizeable purchases and 'topping up' ( a.k.a doubling down) from board posters, blaming market makers for pushing down an obviously much more valuable stock, there COULD be two alterative explainations. Here my 'could' is no more speculative than any other opinion posted on this board.
1. Someone/people involved in the project (drillers, moroc gov employees, whoever) have had a glimmer of outcome and are selling or whispering.
2. There's another placing on the way hoped to cash in on any short term uplift ahead of any expected results and the select few on the offer list have started unloading their current holdings knowing they can buy them back at the usual 20%+ discount on the placing offer. PRD have already released themselves from any timing obligation of announcement through the last RNS giving them one more window to raise before actually declaring.
All total speculation of course. But price reflects the opinions of every player in this market, not just those on this board.
Instead of announcing commencement of drilling they have announced that they are in final prep to start drilling, a prep that could be hours, days or weeks. That is not an announcement of achieving a milestone. In the same breath they swerve the commitment to ever announce the commencement of drilling and instead push the commitment of next announcement even further down the track to when they hit 1500m. This also could be over any time frame.
@Keithoz if I knew I were going to spud in 48hrs I'd hold off on this RNS to then be able to include that achievement in a couple of days time.
They have burned any timescale commitments.
Pleb
As I ve said before the value of this board to me is a behavioural indicator as to how a small retail sector are behaving. And also much like tuning into the Archers once in a while to see how the characters are developing, or hopefully some new more interesting ones appearing who can add value by questioning the consensus.
But you are right I really should stop frustration getting the better of me and posting other than to encourage those who would otherwise be shouted down for being negative.