The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Wow! Just a casual +644% price rise to reach that target. One to hold and buy more when dips like this present themselves. Lithium mining is the place to be right now.
It’s got all the hallmarks of a distressed seller which is not uncommon in this unpredictable market so I see this as a huge gift to get in cheap. Once they’re finished selling I expect 60p to be reached again, and further.
Strange fall today after such a strong week last week. Very strong presentation from the company today which confirms funded for current plans, expectation to reach 4mt resource, more drilling this quarter, scoping study. Massively undervalued.
Yep they were in the know as to what was coming….
War broke out January this year Wasa? The main raise was a result of years of work and delivered in November last year. It’s nothing to do with the war. Jeremy is a crook and this is now uninvestible for me.
That is a horrendous raise! 50p written all over this and that’s still an mcap of £134m!!
41 percent dilution is sickening. I made a lot of money off HZM in 2020 and this will totally wipe out all those gains and more.
Jeremy needs to hang his head in shame.
Yep 200p entirely possible next year alone. 800p to reach parity with Lake.
I think we should at least match Lake resources 4mt with additional drills next year etc. Lake resources are valued at 1.24 billion AUD which is the equivalent of £700m in British pounds.
CTL are valued at £35m currently so just a mere 20x to reach parity. We are earlier stage but don’t see how we can’t at least hit a few hundred million cap next year.
The company also think they are totally mispriced by the market compared to peers by a factor of 4x at this current stage. Huge year of exciting activity ahead with multiple resource upgrades. Funded for the upcoming drill programs but will obviously need to raise again in the new year to fund further drilling/resource expansions, but they expect the SP to be much higher by then. I’m expecting 60p to be tested and broken again very soon after the this block of sellers dry up.
Will be buying more tomorrow after watching the webcast today.
Resource news next week on Fransisco Basin, confirmed in Investor Magazine webcast by CEO.
I was pretty pleased with the current cash levels tbh, I was expecting it to be a lot lower given they raised almost 12 months ago. £16m cash left I would guess means they have enough until next summer.
Half year report was 23/9 last year so should get it Friday.
VLS is next ;)
I’ve been waiting for this raise so just jumped in finally. No funding concerns holding us back now, just the prospect of finding a huge gold discovery. Upside potential is staggering from here. GLA
Just took me 10mins to get a quote for £1000!