Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Whilst not selling the rump of my holding I’m glad now I trimmed my exposure. This is now very annoying. An endless strategic review is ridiculous, the board is there to be strategic as their day job, so not an event. I’d put up with the idea simply because when the brakes come off, some auditable basis for a recommendation to shareholders is needed. But the sp harm is now getting out of hand. Agree with the comments about a PR company although frankly a listing on eBay would do me. Buy it now £2Bn.
.. that invites a kicking .. but the only thing that makes sense to me about how things are progressing is that all focus is in preserving cash and clearing hurdles openly and behind the scenes. I don’t mind a sp dip if SC is methodically clearing the decks for some exciting corporate action. I don’t sense the character of a showman, more a practical operational guy. We can only hope the jigsaw pieces are falling into place and that suddenly, there is some key reveal and it all starts to happen. The board must all realise we aren’t exactly happy and that could have dire AGM consequences. No one would let things seemingly drift along. So, what is really brewing behind the scenes!
Every time I get wibbly, I think back to Eric, or was it EricEric. He rattled me and cost me dearly by my standards as it turned out. Whilst I’m all for balance, his spirit seems to be stalking the board again which I also feel may be significant. See what surfaces today. Probably not a lot but I welcome their efforts.
For what it’s worth .. if the board wanted to do something faintly exciting, then the strategic review would be the audit trail when recommending to shareholders that x y x would be a really sensible way forward. So that covers all the scenarios routinely debated (?) here. Just wish they’d hurry up, I have a cash flow challenge coming in November!
May have been posted before, apple if so, not been in for a few days.
https://apple.news/A5mrC8p3rQxayTsA4QlpT2g
Took someone’s advice and went for a run. Just catching up. You’ve all made astounding progress through reasoned debate I see. Gotta go. See you all next week, I won’t be looking back (yay, having the last word too) .. but grateful if you could collaborate on brief edited highlights for next Saturday.
This is turning into one of those squabbly children’s parties. Holds finger to lips. Shush. No jelly until you are all calm. Now. Let’s all try and type absolutely nothing at all until a) an RNS, b) something actually new and genuinely material surfaces. I mean that now. No jelly or ice cream if you don’t. Ah ah .. that includes you. You know who you are. Do I have to phone your mum to come and collect you.
Inclined to agree. Lasso wants a mining industry for sound capitalist reasons. He won’t be blocking anything by presidential decree. He might even be calculating his next civvy street career move too in the event he ain’t re-elected. And the Chinese seeking influence will likely fund serious candidates in Ecuadorian politics like big business would down our way. They clearly want chunks of the world in their sphere of influence so lending money for investment and supporting ‘sound’ politicians will be their game plan. If the pendulum is swinging left, I don’t see it as necessarily bearing down on our ventures. Understandable flap in the share price and a buying opportunity for the brave.
I have Quady. And now I’m going to stop watching the pot for signs of boiling. I’ve set a trade plan and I’ll look back in if I get a nice wake up email saying trade executed. Good luck to all, .. there is a tide which taken on the flood leads on to fortune; omitted and all the voyages of our life are mired in shallows and miseries. Just pray high tide wasn’t April 2017.
Logically, a long term and slightly contrarian investor would buy while undervalued / out of favour all the while anticipating the investment conditions changing. Not a good idea to wait as by then the sale price would have gone up!
Yes Quady.
Strategic review could also be a euphemism for audit trail for board due diligence when making a recommendation to shareholders. It could inform early negotiations with interested parties. With little to go on, we must reason according to our wits. You may hold any opinion you want, based on what you see and hear. As can I. And here I’m merely buying into a widely held hunch informed by the deafening silence and on the balance of probabilities.
I always thought “Resistance is. .. futile” comes from the Hitchhikers Guide to the Galaxy, shouted by the young (dim) Vogon Constructor Fleet guard tasked with escorting Ford Prefect and Arthur Dent to the airlock they having failed to adequately enjoy the Captain’s poetry.
I’m irritated .. and not irritated. If we want to load up at 17p, well the shop is now open, fill your boots. I like the idea of tiering the quantity based on share price. I suppose we can be outraged when they put modifying the directors reward scheme to the AGM but will we even exist. North of 50p and release from this torment will do me now.