Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Some of the selling may have been caused by Optiva being caught up in the review of Jarvis by the FCA which resulted in them changing from Jarvis to another provider as you can not use your account properly currently. Just a theory no idea, but it should be over by now. Incredibly unfair to Optiva.
As I posted on the dark side all the last official trading updates are in line with expectations this is utter balls from Barclays
Other than the current climate etc they have also been rectifying their USA logisics issue for some time.
Funny old world
Razor, I note there are no/zero significant short institutional positions declared, this is a well organised Share Prophets tipster short scam on a fairly iliquid stock, they appear to be all over ADVFN ususal faces spreading FUD. The noise is becoming imcreasingly deafning as the share price is recovering and going higher due to the well documented recovery and confeti of exciting contracts.
I hear and understand what the bears say but I simply do not buy their logic because of the nature of the stella contracts from clients who would do indepth DD on HARL's ability to complete their contracts/orders.
Put it simply they would not place their orders with a company that they feared was going bust.
Some of the BS posted on the darlk side (aka ADVFN) has included claims they could not make payroll a cuple of months ago when they are gearing up and hiring people hand over fist and providing badly needed jobs in Ireland breathing life into the economy. They also appear to have serious vocal backing from Government ministers.
I do not subcribe to any company is to big to fall either, I simply believe that they will find the necessary additional debt finance with well suported and documented cash forecasts in due course.
Should people concur it would be no surprise if the share price doubles from here over the next six months leaving the share prophets scum bleeding on the streets. It is increasingly apparent that potentially the the spivs at Spreadex facilitate these bear raids, of course I may be wrong. I know what my maximum loss is as I am a small cash holder not a margined short seller., who posts FUD 24/7. What the mob do not understand is that share prophets front run their "shocking posts" and often reverse leaving the less well informed short sellers squealing as the share price recovers0.
Best to starve them of oxygen and just ignore hem and enjoy the recovery imho.
In a recent conversation with Evil he told one of his and my best friends that he no longer finds the witterjngs of "Honest" Tom Winifrith compelling in the slightest and are more aligned to a SUN journo.
MAde me laugh that.
Taken a couple of longs having gone through the interims also see GLG reducing shorts ....The fall in the share price is rather over done to put it mildly imho...it made £10M real profit at the interims with valid reasons ...income holders may have sold out as the divi was sensibly canceled two good new non execs with experience of e commerce channels Canada oppening up ...one for the ISA could easily recover to circa 45p after the finals and maybe more ...Nice spot me thinks. Do not worry about ADVFN it is shark infested troll city my friend,,,look at the ADVFN share price they are losing their customer base because they refuse to modify the trolls...the numbers are what is important t the end of the day.....
no reason why they do not produce their g&t in a can as the usa are big buyers of ready made ****tails, not my seen but when in rome.
the market cap was decimated by the kiwi idiot who threw his toys out the pram and sold 13% of their shares into the market.
it should be closer to 10p if the progress continues and the brand gathers pace, the market caop is on;y £7.6m which to my mind implies it has xero in for the brand, patience is a virtue ,
quite a good guess that it is the share prophets crew they are all over advfn talking *******s....small trades often a sign and an old trick ....anything positive posted gets a torent of abuse,,,,may have been some t 20s ...hopefully the mm's are setting a bear trap
I am fairly sure the market has been short of stock since the hover of the rogue KIWI's residual holding. The MM's potentially look to have been gathering the smallish but repetitive 200K and 100k sales whilst widening the spread and holding back the price...although there was a nasty 2M roll a week ago (I assume) if large volume returns the spread will narrow but there have been several cases when they were paying nearer to offer than bid. I still feel there is no value in for the brand and I hope the interims show continual improved sales and hopefully a trading update if things have carried on improving.. I certainly find it dificult to find a more attractive longterm investment in the small cap arena but the stock market can make us look fools. The art will be to keep the finger of f the sell button ifit goes to 5p as I have far higher targets hoped for but I do not wish to look stupid. LOL I just hope I do not bump into that KIWI nutter who dumped 30M shares into the open market without a care for the other shareholders as I might be a tad rude.
Penstock I have had a chartist I respect put up a chart on the dreaded ADVFN thread which sows the share price trending towards 40p and on which should please you.
The key to that video was whether Adam was implying US$191 is talking net profit or gross profit as the detractors have been trying to persuade everyone.
Hope all is well
The use of the recent fund raise to create a fully intergrated cost effective logistic production and distribution facility in the USA thereby avoiding import tarrifs and associated shipping costs to protect cost margins would seem highly likely to me imho.
This may show the doubting Thomas's how serious the management and key shareholders are to build a global brand and why Joe Public were not even given a sniff of the last fund raise, which imho appeared to be a quasi private placement by a select group of exceedingly shrewd investors who saw the opportunity to fast track the growth of the brand and back a highly experienced top management team.
Time will tell, but if they get the logistics right the market can surprise and tends to value a global brand with huge growth potential at a premium to straight forward multiples of P/L and look at future cash flows on a NPV basis. This may explain the early higher market cap than some would expect but do not forget it is still at the level of the initiual IPO, which was oversubscribed from memory.
We shall have to wait for a European roll out and easy access to the product in the UK as management are targeting the continued roll out in Australia and attacking the USA first (which of course is logistically closer to Asia Pac.
Exciting times for the believers and may surprise to the upside pdq.
I suspect having worked in that space its those charming folk from AIM regulation they check every little red tape rule and make life hell for the NOMADS offering no advice and then nit pick...then completely ignore the fraud at AAOG and related party transactions by the crooked x Chairman for example...AIM regulation seems to be on a mission to destroy AIM no wonder people are going standard list or TSX..an RTO is as painful as having wisdom teeth pulled without an anathestic...You have to do completely fresh DD on the old company listed (er editor is that not already covered by the current NOMAD and effectively a shell?) you then have to do completely fresh DD on the asset you are aquiring (editor why do you think they are acquiring it if they do not think its solid) this can mean another CPR then the NOMADS have to do DD on the CPR and own it......it is a total joke...but the government beat up AIM over disasters and now they rule by fear their staff are terryfied the NOMDS are fed up the companies are fed up.the LSE wants rid of it particularly when the merger was going through so perhaps that is their cunning plan..I have never seen such an overcomplicated rule book which is often open to diferent interpretations which you have to get councils oppinion onas they wont tell the NOMADS what is the best course of action...I do sympathise as the regulators have tied up the world in red tape but it is killing entrepenaurship and the rules need simplyfing ....bring back the USM and light touch....but frankly an RTO makes Brexit look like a stroll in the country.....If they had their way there would be a minimum market cap of £50m or even £100m and only the large IBK's could be NOMADS...so there would be no point in AIM qed
Whoops rant over ...but in short RTO's always take for ever and are viewed as grubby little deals and are intensley disliked...
Infact it gives shareholders of the old comany shareholders (who lost a fortune due to previous management or a change in underlying comodity prices) a second chance to get their money back all be it often diluted but then it is not beyond the wit of man to structure RTO's at the same market cap or at a premium often they are worthless shell's with an inflated market cap as they are in demand. They always used to come back at a premium when the asset was quality or run by honest S Dattells but that is another book.....
The great thing is that it only has a market cap of circa £26m . The gold open pit mine looks a great strategy now. If the cash does come in from the gold and silver to cover the overheads of setting up the copper facility or making a significant dent in the costs...they may even use debt to fund the copper but they would need to be confident on the production costs and expected return from the copper and the market for copper. Very exciting times and if they start producing visible gold and silver revenues the share will be rerated.
Oh please try harder for goodness sake do you honestly think that the combined might of JPM/Caz and Numis would come up with a refinancing JV deal with Carlesburg UK and increase lending facilities .....only to have to go to market for a rights issue......Purile deramping to the extreme....the announcements contain big picture cash flow implications which show there is (currently) adequate head room.....its misleading posts like this that suck