Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
He looney, most here are what’s known as locked in, having much higher averages than the current share price, thankfully That’s not the case for me because I believe in trading these casino shares where possible to minimise risk. However , I think the way holders have been continually let down by a bod that for ages told them the j/v was in the bag then hits them with the vague news since have every right to not only moan but also question the future plans. You cannot invest in these shares by lapping up the paid for analyst notes or non specific vagaries of Brad you have to read between the lines to get a decent idea ov things and make informed guesses for your gambling. The facts are bod No skin in the game, $2 m cash burn for the last 9 months,no progress in last couple of years and most cash burnt, start of continual cash raising that are going to dilute your holdings for a dubious end product.
It is a mystery to me unless a j/v better than the last one appears rather quickly how Omi will be able to fund any of its projects let alone all of them. Personally IF we see a considerable pump on news I will deffo be selling.
Karl , they will deffo raise again this year, let’s hope it is at a higher rather than lower price.
Or apologies.
Jackbal don’t know if you have seen this guy but some good analysis and worth a watch! Dyor obvs
https://m.youtube.com/watch?v=XAaAj6oOo2c
Hi doc, no someone else mentioned going hell for leather. £500 k less costs for. 9% of commpppany and a full warrant When you think anza 1000% is close ?? Mm! That’s a few months running costs for 9%! Do not see tangible value creating results being created. From this!
Agree that dilution is par for the course for explorers which is why so few of them actually reward this company has achieved nothing tangible with $4 m of free cash why do we think they will improve with £500 k for 9% ??
Any joint ventures are just hopes currently. So much for a bod that has been poor so far to achieve. For me anza back and hopefully de risk on spike. This bod has no real market credibility and no skin in the game which is a massive red flag for serious investors.
Good luck to all, I am still sceptical but will add a bit this week and get average down to 3 p ish. I was selling various shares to transfer cash to SIPP 2 days before this drop but didn’t sell any Omi for some reason that I can’t fathom. Drat.
So, 1.7 m is going to fund Omi hell for leather for a year. They been spending that much doing f all. There will be another raise this year guaranteed! Just look at recent cash burn levels. Hindsight is a wonderful thing. In hindsight it wasn’t great to pay too much heed to what you are fed by ceo or paid for pr.
Dr, Tbf I was in rrr who have placed regularly for the last 12 years and 2 consolidations . Big lesson to be extremely cautious of these small aim explo companies. They are mostly set up for the benefit of bod. And few reward holders , and fewer again reward long time holding. This management has no credibility , that and skin in the game are 2 most important things in the market . Why did the previous owners not become multi bilion$ company?? If only it was as simple as having gold in them there hills.
Jack, no probs glad you have done ok. Sold arb yesterday, not a big fan but all boats are floating atm. Clsk and Mara are my favourites and microstrategy as a Bitcoin proxy. The bull market is likely to be well into next year. Bound to be a big pullback on the way. Trying to pull some out quick when Bitcoin does a pullback. Clsk has done about 150% in last couple of weeks. Obvs dyor etc. good luck
Whether to gamble a bit more in here? Added a few today for my sins.
There we have it , the start of the confetti trail. £500 k is pocket money for 9% . When we expecting the next one ??
Oh well at least we have the 20,50 bagger scenario to focus on. More chance to buy cheap shares. Might still be a bit of profit to be had here IF these incompetents manage to sort out anza.
Meanwhile thankfully Bitcoin miners are storming. Just another day in the casino.
Gla
Looed, I am amazed at your persistence here fair play and thanks. Personally Havnt believed a word from the company since the arbitration and long since wrote this one off . Sooner peeps are put out of their misery the better imv.
Thankfully crypto has been kind since this car crash.
Hope clarity comes soon so peeps can move on. Really has been long enough, with not one of those rns reach official messages promised at delist .
Hi Rob. Agree there are bubbles that get way over priced or see high growth at particular times. I have nvidia which has done great And a number of us tech companies which for sure arnt valued like gold companies.
In regards to crypto, briefly. I stake some and get differing returns some being 10% which is better than most dividends. Crypto miners work very much like conventional miners. If Bitcoin goes up they will go up much more for similar readons to goldies. For me I am spread over a lot of shares and sectors. I have goldies ready for any upturn but more cautiou than yourself on the likely pog . I don’t say anything isn’t possible but stay on the side of caution.
You can get exposure to crypto without holding crypto but holding Bitcoin miners is much more risky than holding Bitcoin . Trd is a good proper uk company that is in the blockchain space. Even pays a dividend . Best to explore posibilities rather than just dismiss them imv.
Goldies are undervalued in historical terms and have been for over 10 years it just remains to be seen how much of a re rate there is. Fingers crossed on that.
Good luck
Hi Bhargav, so, I don’t pretend to be an expert just use my judgement which obviously is somewhat different to urs.
Well your .36 buy in ggp was somewhat smarter than 45 p in Omi ! You managed to sell right at the top in ggp so strange that you buy up to and including the top and ride it down to 2.5 p . Unless there’s something you’re not saying???
Even if I was an expert you have too closed a view to learn from others I reckon unless it was a corresponding view. I will be happy to bow to your shrine when I bank my 20 bags 😜
Dr, they are fair comparison as far as jutisdiction risk and valuation imv. Whereas comparing to oaks which has the highest valuations is not. Obviously comparing a 100 k oz producer with 2 m v high grade oz in jorc estimate exploration project to a toddler with no resource at all, and if a jv is agreed not full ownership is certainly not apples for apples but the figures should spell something out .
With news this should move nicely tho depending on the funding and when funding is anounced. Tortoise against hare springs to mind. Personally will look to offload on spike hopefully. As for the 20 bags , well let’s see . Certainly wouldn’t say no but will have de risked before such a scenario however unlikely has unfolded.
Good luck all with their strategies.
Bhargav. Maybe try explaining it when it is fact rather than fiction! You called me a clown when I pointed out valuations were pie in the sky and that having majors isn’t the all great guarantee and that they mothball projects etc. currently I am not wearing big shoes or a red nose . I sold out around 8 p for a profit and now back in at around 3.7p average.
Good to see your back in ramp mode tho. Back to being happy to pay 50 p etc looools 😜.
Shg is being sold for £140 m just for a reality check amidst the fantasy share predictions but hey shouldn’t really knock the impending ramp fest since I will be looking for a spike sale.
Good luck guys but don’t be too disappointed if we don’t get ur 20 bags . Of course you never know but nobody’s gonna own up to being deluded if it fails to happen eh B .
Simms. Personally think mako makes more sense than calibre but still expecting this to be steered china wards personally . That’s what the ministry is likely to want. Mc stated sale not jv but if needs must. Let’s see.
There will be payback somewhere along the line. Whether it be more equity or milestones. But main thing is to get control back, preferably before equity raise by July imv.
Still tucking a few away. Modest compared to Bhargav , not even near Brad now, but building to a reasonable ammount for my requirements.
Good luck all.
Ha ha Nero 🤣. I was selling at 21 p for a small profit . Just reducing risk. Thankfully I don’t need 40s to break even. You never did let on what your average is 😜. Still holding just wanted to move a but somewhere else . Might be a mistake, who knows but not selling at a loss so not worried.
The fact that calibre is turning up great finds and has spare capacity doesn’t read they want to buy a project and spend $100 m building another mine. Oh well let’s see . Happy for some movement whatever prompts it to sell into though.