Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Monday it is
Will be an nteresting day
Suspension lifted tomorrow and re-rate
In August 2023, the India experienced its lowest August rainfall since 1901, resulting in hot weather conditions. This, in turn, led to an unprecedented surge in electricity demand for the month. According to data published by Grid-India, the country's electricity consumption was recorded at 152 BU in August 2023, an increase of 16% year-on-year. Notably, on August 31, 2023, the country witnessed an all-time high peak demand of 236 GW along with the highest ever single day energy consumption of 5126 MU. Due to the combination of higher demand and supply constraints, prices on the Indian Energy Exchange (IEX) during the month reached Rs. 6.89/unit, marking a 33% year-on-year increase. ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET The Day-Ahead Market (DAM) volume increased to 3,810 MU in August ’23, from 3,551 MU in August '22, growing 7.3% YoY. The average market clearing price was Rs. 6.89/ unit during the month, up by 33% over the corresponding month last year. The Real-Time Electricity Market (RTM) achieved 2,738 MU in August ‘23, registering an increase of 21% YoY. It is noteworthy to mention that IEX achieved the highest ever single day volume of 135.28 MUs in RTM on August 24, 2023. The RTM segment enables distribution utilities and industries with greater flexibility and efficient optimisation of portfolios by balancing their power demand-supply on a real-time basis. The Term-Ahead Market (TAM) and the Day Ahead Contingency Market (DAC), comprising intra-day, contingency, daily & weekly contracts, and contracts up to 3 months, traded 1,673 MU during August ‘23, higher by 131.5% on YoY basis.
Trading in OPG to resume within the next 2weeks.
Never been happier to see a share be suspended, there will be another trading update prior to it resume trading and it will open 19p and straight into 20p+
Watch this space
End of play today the train will have left the platform
Quick return when this re-rates after the temp suspension
Final day before the temp suspension.
Knowing how the the economics have changed and the positive outlook just announced for 2024 this should go into the weekend 14p+
When trading resumes after the suspension expect lots of positive newsflow and the shareprice to break 20p+
Forecasted sales growth for y/e24 set be have increased 151%
Coal prices down and energy prices up in a thriving Indian ecenomy all adds to the profit
2024 should see a return of dividends
Massive uplift in forecasted turnover and profit for 2024
Looking forward to the re-rate but still alot lot more upside to come 40p+
Should reflect very well when the interims are announced.
To april 2023 EPS =5p not bad for a share trading at 8.5p when operateing at such a low PLF
can not wait for the interim results in Decmber
6months from april at a 70-90% PFL with energy prices up 35% on last year.
Should finally see the true value being added here
They do say one born every minute
Good news Tim should see a break above 10p this week
Tax ?
Guptas takink advantage of a way undervalued shareprice
I would prefer the company was buying back shares but either way it reflects the true potential on offer here
Fantastic news Tim, looking forward to the first 6months trading update with a drastically revised forecast for full year 23-24
Haha almost
If i was Cenkos i would be looking to replace the author, way off with his research and the forecasts
I wouldn't be surprised if that was the intention, now OPG is so close to delivering good results, a misleading report can help create an even better entry point wiping 20% off a previously accelerating shareprice, delivery of report timed perfectly to slam on the breaks and stick it in reverse.
Its a shame because the government had already issued section 11 so you would have expected whoever wrote the report would have known PLF and profit was going to be alot higher than what they reported.
Great news regarding the extension to September.
Would be good if Cenkos could publish a more upto date and accurate forecast last update more than a year old and way off point.