Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Ok mickey. Please explain why the mcap is actually less than £1m when you categorically state as fact the IP is worth and estimated £30m.
I look forward to your response as to how the market is undervaluing CPX by a factor of 30. Thanks
Loads of info being posted here but the only thing that matters is the sp is dropping consistently. It's now nearly 30% below the placing price and there is no news due on the EWT etc for months and months. What we have been told however is that they will need to raise further funds and so another placing is coming 100%. Only questions are: when, how much and at what discount? Will any existing share holders be offered the chance to partake? I doubt it very much.
Zak was probably pretty close with his .5/.75p option. No way is this climbing back up above the placing price. Not for another 6 months and even then it's a huge risk. Lorna and her team could well have got things slightly wrong and things might not work out for them the way they wish. Be careful here, be patient and wait for the sp to slip a good deal further before rolling your dice.
Swings and aroundabouts kiwitwo.
Roughly the same amount being sold/bought each day but the sp is slowly but surely sinking. It's just yet another AIM rotten egg.
Lucky8s - I've used the same approach a dozen times with numerous AIM companies and guess what...every single one ended up dropping to almost zero or going into admin. AEG is heading the same way.
there are 7 or 8 Directors here all taking a monthly salary, not to mention the other staff on the pay role and their income is negligible to zero. Mcap of £700k? There will either be a huge placing here in the next couple of weeks or it goes into admin - or is sold but I don't think anyone is interested.
If the sp suddenly starts to come to life then you can be sure someone is forward selling so don't be tempted to jump on board a train that is going down a blind alley.
If it's bought out it will be taken private. I'm 100% convinced of that. If they get to the point where sales cover their costs then why share all the profit with other share holders and take on all the faff that comes with being a listed company. I really hope that doesn't happen but AIM is so bad at the moment what with the Financial Authorities turning a blind eye to even the most obvious rip offs on AIM taking place on such a regular basis these days.
'm amazed this held up after what was a poor report.
Everything talked about is still due to happen but further down the track. The longer it goes on the easier it is for RF or other activist investors - I am 100% some ii has been shorting GDR all the way down from 30p. And don't bother to look at the tab above because in the vast majority of AIM cases this website doesn't report any shorting at all even though it is known to be happening.
For me. the first big question is when does this turn properly and when do I get back in. The second big question - and will impact what I do regarding Q1 - is when will some properly good news land.
Seems clear to me they are making progress on sales but not nearly enough yet to shift the dial on being self sufficient.
The only news that will help turn this around in the near future is FULL recommendation for AIHL so all of the NHS Neo natal units have to use the test. That means a guaranteed income of a few £m per year. This is the game changer. After this point, when sales will cover the company's annual costs and it no longer has to rely on outside funding things will look very different. Perhaps this is the point someone makes a move to buy out GDR?
Can GDR get to that magical moment before they are so desperate for funding that it either goes bust or has to pretty much give most of the company away in what would be for lths a catastrophic dilution? Who knows. As things stand it's tight but imho I think GDR is just the wrong side of that red line. It has suffered terribly from NHS delays and poor decisions from senior management. Luck and good timing are now in the lap of the gods for this outfit.
I might be wrong but I have a feeling the NICE news due in July for the CYP2C19 test will also require significant data gathering and so that is pretty much 18 months behind AIHL. I also now think the FDA partnership seems to be more based on this test rather than AIHL so even if this lands I'm not convinced this would provide the turning point investors need to be assured of success over the next few years.
Can GDR get to that magical moment
David Craven and Jean-Paul Rohan
Just beware if you see these names arriving on any new company info. I did post here ages ago that more than half the companies Craven has got involved with have gone to the wall so we were all aware he’s got a less than sparkling track record. If you have money in anything they’re involved with I’d advise people to think very carefully about whether or not to keep your money invested in it.
Ha Hopefully you’ll find him resting at the bottom of one of those lakes….
Disaster. Always high risk especially when the Directors don’t have a penny off their own money in the pot.
So what happens to the cash that is left over? Do they patch their bills and Directors take the crumbs and existing share holders just walk away with nothing?
AIM over the last five years has got worse and worse. I hope financial authorities will have the courage to stand up for retail investors and eventually try to level up the playing field just a little. This is a tough one to take and if they want to help new businesses attract investment then things have to change surely.
Oh well. I’ll watch out for Craven in the future and steer well clear
Yep it’s delisted. My HL balance now showing just over £11k less than yesterday. It’s gone.
Bad luck everyone
Only possible situation is that the Directors have requested an extension and it’s being assessed right now.
Nissan, I don’t mean by 10% or what has amounted to an insignificant reduction, in talking about slashing their wages bills by over 50% or even more. They cd then have organised traditional loans for the short term to see them through the next year or so. Spending £450k per months for years when income was even less than it is now was business suicide.
The main problem is no financial discipline and a refusal to look after the balance sheets.
Budd and Cheek have refused to significantly reduce the monthly spend. Should have laid staff off and bided their time until Nice approvals.
M will be bought out for peanuts. Sp for now going to 1p and then sold for about £2m is my guess. What a total disaster.
Agree, AIM needs to be overhauled. It’s an Achilles heel for the LSE imho, not a good sidekick.
Yeah. It’s toast. Bad luck. Profit sadly not making its way into any of our bank accounts tomorrow or for the rest of this week.
Now we know there will be an RNS at 7am tomorrow telling us ITs is delisted. Directors can’t even be bothered to inform us we’ve lost our money. Great bunch of guys eh
Hopefully news soon - what news exactly might you be expecting then?
As for the potential partner, they've apparently been in discussions for nearly a year. Come on, surely people don't now think it's going to happen do they? Lol