Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
They can only put out a positive rns if they have anything materially positive to say..And right now I cant see what that could be but for the interests of debate what positive news could there be????
This board have always made there money from over inflated salary's not buying and selling the stock of the company they run..Thats the history of the company and thinking that wll change right now is whispy straws..
However if they did that would give confidence I agree,but I would be very very surprised..
Seriously...Take a look at our directors and board members ownership history..They haven't put any skin in the game on any of the other dusters and setbacks,so what makes you think they will now???
The point remains...What rns can they put out ???
I haven't posted since the results because I couldn't be bothered to read the normal crap that gets posted on bad news,ie the I told you so's and those buying in for a quick bottom feed trade talking absolute garbage about sidetracks completely ignoring the words "plugged and abandoned" trying to nudge the sp up for a quick 10%..
I know people are wanting a update but I'm not sure what they can say..They will have to discuss with 88e and analyse the data from those results to see whether they just hit the wrong spot or whether its just not realistic to look at going again..
These things don't happen overnight and it will be a few weeks at least before they know that and then RMP will have to decide whether they want to go again regardless and how much they will have to pay to do that...
The market of course knows that so there will be more downward pressure than upwards for a while..Thats just the reality I'm afraid..I wouldn't sell and I wouldn't buy either..They are back in the bottom drawer with a heavy heart and a decent loss..
Now I'm hurting as much as anybody but lets keep reality...The words "plugged and abandoned" are not used when companies are evaluating results for sidetracking and if they are then they will surely be in breech of regulations..It is what it is..In my eyes we have 2 choices..You sell take what you can get and move on or you hold with the risk that it will take a couple of years and a lot of dilution before the company moves on..
It's a bloody crap day for all of us but remember people will have bottom fed for a quick trade today and they will want to nudge the price up a little that wont make much difference to us but willto them..There has been plenty of ramping here already,dont get sucked into the second wave of the same...
For once I got very lucky..I saw the rns and jumped straight for the sell button but it was in auction..So put a sell order in at 32p which was just below the advertised bid at the time..Went for a coffee lamenting the news and then came back to find it had failed which annoyed me as it was back in auction at 28p and falling...I thought it was going to get hammered further so cancelled the order but couldn't sell so decided to wait....No skill on my part just sheer bloody luck for once...
And if you ever wonder why the mm's play these games this is it,a slight drop and everyone starts predicting bad news and panicing and I bet a few have gone rushing for the sell button..All the other operaters are sat blue and they wouldn't be if this was anything other than a trading range...
mmmm...You may be right but this is really shocking news and these things don't get sorted quickly ever..Even if you are right I would hold off for now because as people start seeing this its going to be sold into more because of the time needed to rectify this..We don't even know why yet..So as much as it pains me to say it I fear a tough few days incoming which is why I couldn't get to the sell button quick enough..gutted..
Awful lot of all of the above from a lot of people over the last few weeks..The times I've been in stocks that people are predicting massive rises,very few actually materialise..
I'm a realist..I've traded this a number of times since the initial fall over and above what I've held for years..On the face of it I'm as confident as the next man..Like what has been said local drills have been a success etc etc so no reason why this wont be..On the other hand I'm far from impressed with how RMP have handled the newsflow and the information in it, and that doesn't fill me with massive confidence..
So I've engineered my position so that I've taken profit off the table from my trades,so at worst It will be break even and I've traded hard for nothing and I have worked hard at this, and at best I will earn a good wedge for my troubles..
No amount of ramping/deramping/price fortune telling is going to change my position now..I can happily sit back and what will be will be..The days I went all in with red or black are well behind me thankfully..
You are both right and wrong there,the process from here that you have stated is correct as it is on most drills.However diamond horse is calling this a failure before any of those processes have even been carried out which isn't fact it's a guess..The result we are waiting for is the initial wireline which is the beginning of the process which decreases the risk going forward even with any delays..The sp rise on those results alone will mean he will be margin called on the spike well before any pullback on any potential delays..If he started shorting on the spike I would agree with you but he's not which makes it irrelevant to your points imo...
sorry should have said 5.35
Profit whatever happens here it will have nothing to do with Diamond Horse.He has a reputation of calling things wrong,deleting posts and on the occasions he gets it right acting like a big player which he's not..But to give you a idea,on Sunday he tweeted he had 100% confirmation that the stock would be suspended that night on a duster rns on Monday and a geologist had told him it was a dry well...The geologist in question was e-mailed and turns out had never heard of him and wasn't involved in the well...Then yesterday he announced he had extended his short with a average of 4.5p,today with the price at .35 he claims he's in profit...He's working in tandem with a account he's resurrected from 2015 to try and kid people are listening to him...He is abusive and racist...And isn't very convincing either..Everything I hate about this game rolled into one...
yep,after a quick look at my portfolio,todays showing is redder than a baboon's arse..lol
Whats happened to Deggsy???? Shock horror hundreds of posts about the price on success but as per normal never found out himself before waltzing off pre results..Currently over on ADVFN ramping the crap out of something else..Rinse and repeat...
mmmm I'm not so convinced..It's very easy to say give an explanation on why it's slipping hard this morning based on what you want to believe..And the classic is always big players want in at a cheap price/mm's hovering up stop losses before a big rise..And it might be the case..
However you have to keep some balance..For instance there was a lot of selling in ADL yesterday and that's exactly what they were saying for the reason why..look at them today..
The ramping on twitter claiming inside sources of massive net pay worry me,normally they would say the opposite to try and get more cheaper..Couple that with lots of buys but no price movement which indicates a background seller feeding them stock..Makes me smell a rat...but I made a decision to stick it out so I will...
We all knew that with 10 days to wait for testing this would have some swings.Yesterday the mm's just weren't in control for most of the day..However there always comes a point were people who are trading it started to take profits and once that happens they can start to get a grip of it..
A lot of people think this will trade with ASX,thats not the case,i've been in a lot of dual listed companies were that can be 30-50% difference in conversion prices and volume over there is peanuts compaired to AIM..
Reality is over the next few days this will have swings up and down leading up to results,i'm trying to keep a balanced view on those,i'm as hopefull of the next man that it's big.The only concern I have is the amount of info they have released so far compaired to what oilers normally release at this stage which is a lot less than they know.
For me people have 2 choices take a decent profit as it is now or throw the dice and wait for the big money or big disappointment..i'm in the second but I'm certainly not taking it as a given more a educated gamble..
I don't believe rumours,if they had much substance this would take off prior to news..Probably people trying to manipulate short trades tbh.. but you never know..
is that today on my facebook memory's it came up with a post that I made 7 years ago today..When I was celebrating selling half my holding in RMP at 28p for a huge profit..I decided to keep the other half as a long term investment...That worked out well for me...hahahaha
You are right russukarian that is the normal procedure,although in this instance that strategy has been clouded a bit by the fact the rns came on Friday that killed the price so with a lot of people still a little bit underwater at these levels and confidence now high of a good drill,then a lot more people than normal will hold now till wire logging data.