Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Patience Beza - BISI is too small for fund managers to show any serious interest
But if they provide a FY update in early January stating that 2022 results will show net profit above market capital then we should see a slew of punters rushing in. My own guessimate based on production levels is that BISI is trading well below comparable value with TGA ... a sevenfold increase would not be impossible imho !
A very inactive bulletin board and another "non" year for AGTA
I see my comment from 2yrs ago is still on the first page of 'chats'
... so I'll re-post the final section with updates
If any of the BoD are reading this bulletin board - here's my recommendation to Hamish as 50% shareholder
... he awards himself and Caroline 1mm stock options each exercisable at 10p before 31/3/2023 ; a further 1mm each exercisable at 15p before 31/3/2024 ; a further 1mm each exercisable at 20p before 31/3/2025 ; a further 1mm each exercisable at 25p before 31/3/2026 and a final 1mm each exercisable at 30p before 31/3/2027
I'd have no issue with the total share capital being increased by 50% from current 21mm issued shares if the sp was above 30p in 5yrs time ... and it would still only value the company at £10m.
Here's hoping for a better 2023 - Happy New Year to whomever is reading this !!!
Since the H1 trading update in mid June this share has traded at an average price around the current level £13.50, even though the company has consistently announced that it expected FY profits to be around £6 per share. Why does nobody want to buy a company with a p/e of 2.25 ?
I'm super lucky that my initial purchase of 4500 shares back in July '21 was for less than the dividend I received in August.
I added 2500 shares to that initial purchase and have subsequently sold about half my shares to crystalise double my initial investment whilst still holding a decent "free" position ... but I just can't understand why this isn't breaking it's all time high price of £20 with this news
Simple - you have to remember that we rapidly rose to 12p a share in April when good news / speculation about profits from some of these new(er) divisions was looking positive. We could easily see the price above 20p if there was any real sense of sustainable revenue growth and profit growth ... but sadly we have had no genuine numbers in the last few months, just talk and DC fluff. A share price of 20p would put MC at £50m+ ... at that point somebody offering 40% premium to get the company wouldn't be outrageous ... but until we see some genuine revenue and profit spinning off these various ventures we won't see another price jump. That's my opinion atleast
I guess with so much of the company held by Assaubayev family there is minimal chance of a decent sized fund manager buying in, because they won't sell below about 250p minimum ... which is my estimate of their average holding cost.
However I also feel the 1mtpa run rate gets us to something like a 60k oz p.a producer and at current prices / costs I really would expect that to equate to a market cap somewhere north of £100m
... a re-rating has been a long time coming, but if it doesn't happen maybe the family will be happy to approve a 20p p.a dividend instead !
rico they had converted most of the holdings into cash ... there is negligible upside holding here for Russian spike
I'm taking my losses and moving on
About as incomprehensible a message as you could get from the BoD "whilst Zamchick was profitable and cash generative in FY22 and is expected to remain so in FY23... the impairment reflects a reduction in the Board's expectations of Zamchick's future economic performance"
.... so "we're writing the asset value down to zero but we expect it to remain profitable !"
Neil777 - good luck with your punt ... as you say yourself only risking £1200.
I'm thinking of doing the same but have decided against, I'll take my £3750 loss on a punt back in May.
This is a widely held share with the largest holder only having 11% currently. The BoD and their insider buddies need to get a significant stake via the £1m placing ahead of delisting. How do they accomplish this ? Well even issuing 2bn new shares to themselves at 0.05p only gives them 33% of the enlarged mkt cap to add to their existing holdings. I think they're going to need to make it atleast 5bn new shares at 0.02p to accomplish their objective of taking over the company on the cheap and going private before making money. Sadly this is all too common on the supposedly regulated UK stock market - small private investors get taken to the cleaners !
I bought in during the Summer and this has basically flatlined since .... mirroring the drop in the gold price
However when I compare to other existing miners, I can't but feel we're still 30-50% relatively undervalued
We are already producing more gold annually than CMCL but have mkt cap 3/4rds that miner and our output is about 1/2 that of PAF but mkt cap little more than a quarter. I think our exploration potential is easily comparable to either of those miners. My own personal pricing model has both those miners about 20% undervalued but THOR about 80% under.
Even at current gold prices I feel we should be trading around 22-24p ... but I guess patience is a virtue
mdunsire - I think your figures are a little optimistic, but I do believe CARD revenue and profit will exceed MOON this year so both of these companies converging on market cap around £400m is justified ... so doubling our money within 6mths
I'm a long term holder - don't post that often, ut read the comments fairly regularly.
Not a great fan of DC ... so the comments about new CEO & CFO are encouraging.
But for a bit of perspective; back at the end of 2019 (pre covid) this company had about 80mm shares issued and a price of 30p( so a mkt cap around £24m ! ) and fundamentally one business "lego" Bricklive sets. I thought this could provide a steady income stream so invested. For all the turmoil, we now have several potential revenue streams and a much lower mkt cap. That's why I decided to average down again this morning adding another 180k shares. My first 10k shares were at 57p, (my next 20k at 15p) ... but I'm now sitting on an average under 4.5p ... I really am hopeful that if the "many" announcements that DC has promised come to fruition then I'll be back in positive territory before Xmas
If you read the Crystal Amber investment policy proposals from Feb 2022 following their 2021 AGM which didn't get the 75% vote to continue operations it merely states that they will "realise predominantly all of the company assets by 31st Dec 2023". Now it seems to me that an expectation to get a 3p dividend in Q1 '23 and another 3p dividend later in the year whilst still retaining their 28.9% stake is a better course of action within the investment proposal guidelines than taking 7.7p now.
They also had the opportunity to offload a considerable amount of their shareholding above 7.7p in Mar/Apr when about 15-20% of shares in issue changed hands. I think CA will show some continued patience in order to get a good result for themselves and their shareholders over the course of 2023
Will we be on a p/e ratio below 2 when the FY results get announced at the beginning of December ?
I can certainly see net profit around the £150mm mark with 'cable' around 1.15.
Just can't work out why this is so under-rated
For the past couple of years after the attempt by Maris to destroy the company we have had regular monthly updates.
But we've had silence in Sept / Oct so far ... this must be spooking the market.
However if I take the "worst" case scenario that they only get a 5th cargo sold in 2022, we're still going to see higher revenue than from 2021 seven cargo's and much higher profits ... even in that scenario we're still trading on a p/e around 4.
The downward drift for much of this year is just crazy, double figure sp is barely fair value imho
The reduction in share price in 2022 is truly depressing, but I have seen nothing in the business to make me believe that we won't get a further 235p of dividends in 2023 in relation to 2022 earnings. I can live with the 50% catipal reduction if I'm going to be earning 20% plus dividend yield until a few Fund Managers figure out how crazy this is !
pop31 - the share price dropped on the "ex-div" date it won't drop again on the "payment" date
.... that date is an irrelevant date for pricing purposes.
However if many shareholders have this in brokerage accounts with automatic DRIP (dividend re-investment programs). Then since the div is 20% of share price there will be huge buying taking place on Monday which should push the price up
Crawshaw - you're quite correct.
However I believe in not having all my eggs in one basket.
I'm made six-fold so far on my original investment in TGA and have crystallised about 1/3rd
... yes I would have made more by holding on, but I'm also reminded of EUA, I ten-bagged on that one and sold out fully between 25-40p ... now it's around 5p. I don't expect TGA to slide radically but I do think £20 is around fair value, so when I see 20% upside and the ability to free up some cash to chase 100%+ upside, I'm happy. Nobody is going to get every decision spot on and I've made some howlers, but I'm happy with the side of my TGA holding relative to my total portfolio
Edward - I appreciate you mentioning this stock on the TGA BB - I've just done a bit of quick research and decided to crystalise a little of my profits of TGA and switch a few grand into BISI. I need to research more thoroughly, but on the surface BISI is currently mining about 1/15th the coal of TGA but the market cap is 1/100th .... and I thought TGA still had some room to grow as well as to pay extraordinary dividends
Tintin, you seem to be holding a discussion with yourself about "major transactions" on this BB and ramping that this must be positive. So here's a possible negative transaction for you, perfectly in keeping with DC's persona.
.... he announces Friday that in lieu of cash / stock payment for StartArt he and Raj will instead be partitioning off BrickLive and KPOPFlex into a separate entity which they will now "re-own" 100% and we will be left with 224m NFTs of his Middle Finger as the assets of StartArt, one for each shareholder. With the StartArt coup, DC is extracting more from LVCG than he has put in ... so he's got a free ride on a company which he seems to debase regularly. I just hope that Miton have some sway with their stake to help protect us small shareholders from his most egregiously crooked actions
ThereSheGoes - suggest you name your "very large accountancy firm" and source if it really exists.
DC wasn't prepared to name who supposedly "independently valued" StartArt at £5m .... but he was only too willing to drop the price by £1m when some concern was raised by genuine shareholders.
LVCG could easily go back to double figures ... or go bankrupt ; treble your money from here or nothing !
So provided you think there is less than 50:50 chance DC is a complete charlatan, it's still a worthwhile punt ... but that doesn't mean I have any faith in DC's competence as a CEO