Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Rylidan, fingers crossed I have to say this has been one of my most frustrating, intriguing and puzzling shares I have held in many years and I am 73 so a fair few years. I watch recently loads of sells and no movement, prior to that loads of buys and the SP is reduced, still with the loss I currently hold I am hoping that the kick upwards will begin sooner rather than later. I see this past three weeks the BHSI has remained flat so any gain will come hopefully from the update so as you say interesting times. Good luck to all share holders here we have seen some torrid times but with the family purchases it is beginning to look more positive.
Hi Rylidan, yes very strange when some days the sales have vastly outnumbered the buys yet the SP rose. Like you I am waiting for the next update but I think it won’t happen until the end of year figures in the summer? It would be nice if they slipped out a RNS in the meanwhile.
Well today yet another deeply frustrating day, under £4k sold and £10.39k bought equals 3% cut in SP? When we have suggestions that smaller ship rates could strengthen due to geo political issues, I just don’t get it and for sure don’t understand what the MMs are attempting to do here?
There really is getting a smell around this SP, yesterday there were twice as many “buys” as “sells” and the price dropped, today there are £3k sells and £18k buy and the price is back up, why was there a large drop yesterday? It’s about time the MMs came and explained themselves to us?
Thanks Sam, Mike and Krusty for all your thoughts on the figures. Personally I was pleased to see the divi retained, I did see a possibility of a reduction which would have caused untold damage imho to the SP. My frustrations with the MMs here are as yours Sam, it would be very informative if one of them would explain what is going on exactly. Re the suggestion that we might see a reversal to private ownership, I agree with Sam in that I don’t believe it will happen anytime soon (personally hope not as even a 20% premium to current SP would still leave me nursing a loss). As an aside if an offer was made and a shareholder rejected it I imagine it can’t be forced on a shareholder, similar to the Grindrod takeover? Enjoy Thailand, we certainly enjoyed our visit to a couple of ports on a cruise, lovely gentle folk and an experience to be had crossing their roads with what seems like four lanes of traffic in both directions!
Morning Krusty and Sam, hope you had a great break and best wishes for this New Year we are ploughing through at a rate. I looked and looked about the RNS and in the end I sent an email to TM investor centre and asked the question “what is the relationship between TMIP & TMIL, when I have a response will post here.
Hi Sam, I just cannot understand what is going on here, the sells were totally insignificant the buys were steady and consistent yet we are told that the market sets the rates, otherwise “supply and demand”. There are guys here that have a much clearer understanding of this company, perhaps we might get some clarity?
Hi Krusty & Sam, yes a good set of figures and encouraging for the next quarter. Also IMHO I strongly believe that our interest rates have peaked ( unless the OBR or other so called “expert” group) come out with the usual pessimistic outlook I feel interest rates will start to reduce hopefully starting next May. I was a bit perturbed the last couple of days to read that the two figures that the BoE use for employment could be up to 1 million wrong in either direction so the rate setters are effective flying blind. Fingers crossed we are due some positivity here.
Morning Sam, yes great to have some solid news we have had a torrid time in recent weeks, let’s hope for some steady improvements in the SP now. On a separate point, I am getting fed up with the increased interruption on here with adverts. I know we have the option to go premium but it’s almost feeling like we are being forced.
I am still holding my nerve here hoping for some good news from the figures due out Tuesday but growing increasingly nervous as the SP continues its slide south. Even on recent days when there have been more buyers than sellers the SP occasionally went south. Hopefully the news will be good, Grindrods SP has been moving up, the charter rates have been improving, fingers crossed and good luck to all.
Hi Sam, I agree with your thoughts on this SP. It's very irritating that there seems little reason for such market drops as we have experienced recently with TMIP. However, part of these drops has been caused by going ex dividend and also the issues with the restrictions on vessels passing through the Panama canal. In addition I am a tad cynical over the seeing ability of some large commercial investors that try and at times do succeed in apparently manipulating some SPs. A deep breath is required and wait patiently whilst I hope to see some sense in the SP.