Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The only thing I can think of is ceo is having to sell sone as part of divorce. Similar companies have recently reported with much better results and beating index but not by as much as Taylor’s has consistently done /. I am therefore confident q3 results will be very positive . Very annoying though . Perhaps an rns tomorrow which could shed some light
I could not agree more and equally thank you all. In looking at the debt at the time of the acquisition it has now been reduced by a whopping 43 percent. Certainly timing of disposals as Mike says seems to have been timed incredibly well. Interesting comments re Singapore Mike. It will be interesting to see how they play it in the medium/long term. Indexes very slightly down today but hopefully just pausing for breath after the big rises. I feel Octobers figures should be very interesting.
Really pleased with the RNS. In a difficult market in the first six months to get the debt down so quickly is excellent news. I think we are now likely to see a slowing if not a stop to the older ship sales.
Shareholders who did not accept the Taylors offer sill hold there shares. Under Singapore law it is very challenging to delist a company even if you own 83 per cent of the shares and have appointed a majority of directors to the board. 83 percent of profits of course go to Taylors.
Hi Mike, many thanks. I also thought it would be the other way around. I do wonder the long term implications as I always thought Grindrod would be eventually subsumed into Taylors. It would make sense though to put the functions in the place to get the best results so clearly the company view is that it is Grindrod. Share price very slowly strengthening and indexes still going up day by day. Long may that continue. Gardening this afternoon then checking indexes and prices later ! Have a great day. Sam
Thank you for your considered reply. I did indeed mention some constructive contributions. I think rereading the board over the last week though somewhat proves my point. So saying that I will be using the filter button on a more regualr basis.I do, however, share pikemans confusion re your red flag.
This was up until recently an excellent board with interesting and intelligent insights provided by those such as Trek. It is a sad reflection on todays society in this country that certain individuals seem only to offer comment by way of rudeness and insult together with a healthy dose of ignorance. As someone once said, intelligence and knowledge has always chased them.... but they have managed to run faster.
Hi, regret I had it emailed to me and way beyond my abilities to add. The site is tradewindsnews.com. Interestingly another article has appeared there with the CEO where he indicates debt reduction should be improved in the next quarterly results over the last so fingers crossed. Apologies again
All key indexes up again today and share price finally responding . Handsize up nearly 2%, capesize nearly 10 %, and baltic dry over 4% . For every rise more money to the company..... and as said they have a track record of beating the indexes. Plus re costs economies of scale still working through.
I think you sum it up really well . The company is extremely well run and I know that the CEO takes its performance hugely personally and is working his socks off. Just like you , I feel it’s nice to own a small part of a shipping company . Also always a good sign when directors are buying as has happened this week , the last one quite a biggie
One never knows about sudden geo political economic shocks but as things stand I am more than confident . The revival in rates make a huge difference to the company, particularly as debt from the acquisition is paid down. Mike, with the strong index rise today I now make it that the bhsi is now ahead for the year . Only a couple of weeks ago , was 13 percent down on the year as you pointed out so a real improvement