Member Info for RevoltingPeasant

Good rise this morning on decent volume - over 50% more than the average daily volume over the last 3 months.

Looking good. 11.8p just paid

Bankruptcy ... I won't tell you how I got my nickname, but I can see how you might have got yours! Well done for getting back in with only a small loss. Hope the new year's trading goes better from now.

Absurd, irrational, bizarre SP action this week. On Monday we closed at 10.95p and today closed at 9.55p a fall of almost 13% on the back of further "exceptional drill results". What on earth is going on?

Who is Tim Leslie?

Open offer was over-subscribed by 12.5% and will be scaled back. Anyone got their allocation yet? Is the reduction 12.5% of the surplus allocation only? Is it consistent irrespective of number requested or will smaller applications be met in full? The shares were admitted to trading today, so we really should be told.

Gone blue. 119.8p just paid.

And another tick in the box on the road to the granting of CEOLs

A real dilemma this morning. Do I sell one-third of my holding and recoup the original purchase cost, and sit on a free ride? Or is this going to go much higher before any sign of a retrace. Extraordinary volume again this morning and up some 25%. Can't take my eye off the screen, but have to go out shortly!

Good volume again today. Almost 11million. And 8.5p just paid

Volume already more than the daily average and up 10%

It's Friday and I can't resist. The pedant in me says you can't have a hole full of anything!

But I'm loving the sustained move up. 6.8p just paid )and that's during the traditional quiet lunchtime.

6.5p just paid

Simon Thompson in IC on-line has a positive article, conclusion "buy"

https://www.investorschronicle.co.uk/ideas/2023/11/22/cleantech-announces-major-fundraising/?xnpe_tifc=xdb8hIEL4d4_bD_pb.oZxypsafeWaeiWhFW5adLcbue3aG8Lbj43nkiJEkpvad3cbdiArkQNxdnJb.YdbdndxkUuOfnT&utm_source=exponea&utm_campaign=IC%20-%20The%20Trader%20-%20Newsletter%20-%2025.09.23&utm_medium=email&promo_code=O36TRADE

More than 50% of 3 month average in the first half hour.

MAJW. If you have only started following this week, it might benefit you to catch up with the investor presentation on 10 October. Funding was discusssed and the indicative funding structure is expected to be:

Debt 60-70%

Strategic Partner 10-20%

ESG/government funding 10-20%

Equity 10-20%

A nice change of direction in the SP this morning. 27.55p just paid, up some 14%. Has the seller (if there was a seller, rather than just negativity to Lithium stocks) finished?

If that was intended to steady the SP, it wasn't too successful! Disappointing. However, I'm holding for the long term and think this is a bargain at this price. I added last week. Wish I'd waited until this week!

I suspect two reasons. First, production and profit is well over 12 months away. Hot money has gone elsewhere. Second, the price of lithium has fallen recently, from around £40,000 per tonne in August to around £22,500 per tonne now. Even at that lower figure, CTL’s estimated production costs still make their mines highly profitable.

I believe the price of lithium will recover. My view is supported by an article in Investors Chronicle on 20 October covering this issue and looking at future supply and demand for lithium. It mentions CTL. The conclusion is that “it is worth buying into lithium juniors preferably those with exposure to US government support [which seems to include CTL – Chile has a FTA with America] and sit back. The panic over supply will set in eventually, making even average projects worth buying out”.

I would add that CTL is far from just average!

Further article from Simon Thompson in IC on-line. https://www.investorschronicle.co.uk/ideas/2023/10/02/a-battery-metals-stock-with-electrifying-potential/?xnpe_tifc=4F4s4DbdxF1D4DYpxIH7OMpsafeWaeiWhFW5adLcbue3aG8Lbj43nkiJEkpvad3cbdiArFYpOfHZbuHXhIP.xdUu4DbT&utm_source=exponea&utm_campaign=IC%20-%20Investment%20Daily%20-%20Newsletter%20-%2025.09.23&utm_medium=email&promo_code=O1BDAILY

Headline: This company has electrifying potential

Conclusion: The anomaly between CleanTech’s modest market capitalisation of £51.6mn and the value embedded in its two flagship projects is still worth exploiting as this battery metal play has the potential to deliver a return of several times the current share price. Buy.