Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I'm shocked to hear he has passed, may he rest in peace.
I remember seeing him 5 years ago at an event and he was never afraid to ask the tough questions!
A man of great charisma, rest well.
Let the dilution begin (sadly)
Should convene to increase headroom, raise then consolidate, otherwise this is a train crash waiting to happen!
I know you have been here for a while Aerial - from the crossover Kibo days. Close to 7 years for me, but I hold only a fraction of what I did then.
Same things discussed last consolidation- all that has happened is this dropped by a huge percentage. We always look at the MCAP but its irrelevant - it was slightly less past pre consolidation but we have raised millions since then.
My saying is if a company can't get profitable in 2 years it probably won't
Agreed
You don't understand the dynamics - the consolidation enables the issuing of more shares. Rinse and repeat.
It's sad!
Tighter share numbers also lead to far more drops as apposed to rises!
MR N ...... There HAS been tonnes of dilution, it's part and parcel of aim. Putting a positive spin on this is laughable.
It's a shame because the resource is there, but I just don't trust anything to do with Tanzania
rufus short isnt australian
The price was held down artificially at 0.03 to buy in volume.
Shows how crooked this game is/was when the MM's dropped the ask on minimal selling pressure (unless there have been big dumps off the books?)
regardless i thought the last consolidation was the last one..... I bought in heavy pre-consolidation then.
When the brokers know you are in a crap position (as EDL are in now) they hold no prisoners..... they should do a pre-consolidation fundraise otherwise doing any sort of lump su fundraising post consolidation will be like deja vu, and this will rot again!
Incredible this is now a billion pound company!
I remember sitting and buying at 0.06 - 0.1 many years ago at what would now be the bottom.... I 10 bagged on it and thought that was a result!
Look at it now!!! If I would have held, it would be worth millions... oh how amazing hindsight is!
Its incredible how it seems to be going from strength to strength with no signs of weakness!
Well done all