Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I am happily building a new position as the company is worth more than £4m and given we have limited debt and a lot of valuable in assets you have to remember a lot of that £50m was invested in Italy, the US and elsewhere. While the company has written off the investment on its books we all know Northfork is about to be commissioned and go live and i expect that Eqtec will retain its 49% stake on similar once the dust has settled. this will lead to a $10m valuation that will be sold or refinanced. We also have a relatively solid case with Logik (spelt correctly) that is worth up yo £4m potentially + costs. There are assets like this littered around Eqtec that on commissioning of the plants will grow in value. if you simply get past the point of thinking Eqtec will survive you quickly see a company overnight worth £10-£15m and then with successful contracts with Idex incoming and more projects in the US will grow to £50m shortly afterwards. The downside is the bad taste left by the board in their poor risk management and potentially their relationship with altair and others who might have been selling us down the river. obviously if the share price was not bombed to this extent we would not be so upset.i am confident there is a lot of value in excess of the current market valuation that will be repatriated.
We are just so undervalued. we were over 2.7p in sept 2020 last time we felt the finance was going to be signed. i know as i bought some more at these prices :( Anyway lets hope this is the final one that everyone has been waiting for literally the last 10 years! For those lucky to be in this early on the upsurge i definitely am jealous as you have saved yourself the last 3 years of pain! There is a lot of news coming next 6 weeks so where this ends i am not sure by i am hopeful 2.7p will come into focus by then as would like to see my conviction in the project prove correct, even if Harry is the master of plate spinners. However most CEOs would have dropped the plates 5 years ago.
.8 crumbled in the blink of an eye. This will rise quickly. I remember s few years ago on expectation of the finance happening we headed quickly towards 2p that given how Saudi has progressed and reality of TK situation this feels extremely likely to be breached in the lead up to the expected news. Gla
I wonder if Condor will wait to announce final deal or if they can do an interim announcement to flush out any last minute takeover opportunities and raise share price closer to value. Anyway lets hope Condor conclude very soon. We might be thanking them if the price is higher than we hoped but my concern is time elapsing as we would be close to first pour if we could have worked up a mine build. hopefully we are in the last 6 weeks and this is done by end of March.
Certainly feels like .8 now in sight and no reason to not start to move a lot quicker and pop through a penny before month end. while AIM has some crazy valuations if you think TK is happening this is one of the most craziest.
So much news expected im surprised we are lingering at these levels given our crazy low market cap just considering our single TK mine and $320m finance incoming. Surely £35m is a nonsense valuation? That is barely the dividend we could receive in less than 5 years time. Anyway .8 should be quickly swallowed as really the hold up was around .7 and that has all been cleared. We really should be 1-1.6p over coming weeks towards drawdown on equity later in May 2024.
Its times like this when Eqtec is valued at pocket change of £4m having had over £50m poured into the company over the years. There is every reason that we can recover to a £50m valuation with a business turnaround that categorically moves towards standing on their own feet. Eqtec literally cant even raise £500k anymore as they burnt all their bridges and credibility with investors. The only way forward is to stand on their own feet and make Eqtec a success and i feel we will be far more successful doing that than simply raising cash and spraying it at projects. You only need to see the disasters of multiple projects to see how poorly they mitigated bad deals. However Northfork i suspect will give us up to 49% of the project once all dust has settled and easily a $10m+ valuation on that project alone that should be possible to refinance. From £4m value today we already doubled in a day but then gave that all up. Chances are more 100% days are ahead of us.
We must assume we are still in a 2 horse race and while i hoped February should have been enough time to finalise this who knows if Bids are not edging up and explains time taken to seal the deal. There is still a week left of February but the board must ultimately call time as we are well into month 13 of the sales process and that is a considerable time to deal with any outstanding matters.
Looks like MMs are on the ropes and lacking stock so this is going to start moving a lot quicker. Notice the bid is pushing higher and quite quickly this week and ask will now move up towards .8. With weekend close and possible news incoming will not take much to push o now.
Hopefully all companies have put a date in the diary to sign this off. It should be ceremonial really as these investors have been onboard for years and Harry has said he has investors who can take up any slack. Certainly early March would be likely or for the second bank to approve the other portion of the debt. Still amazed we are around .7 but that will change very rapidly.
Actually correct. Last few years only brokers got warrants for converting into shares so not sure if an RNS is needed when broker sells its shares as i guess they might need to rns that. Placing has been .8 and .7 last few years so i just guess a lot of shares changed hands at these prices so might take some energy to overcome. Last time was in 2020 for settling debts.
“28,251,750 ordinary shares which the Company has agreed to issue to project contractors and other third parties in settlement of outstanding invoices and debt of £452,028 (the "Settlement Shares"); and
· 30,733,097 ordinary shares representing an aggregate value of £491,729 which are intended to be granted to certain directors and management of the Company in lieu of accrued cash fees and salaries (the "Remuneration Shares").“
Good to see the slack taken out of Kefi yesterday. Now we are pushing on with the bid above .7 and hopefully tickle .8 very shortly. The moves are likely to be quite quick and sudden given a lot of the issue was getting over the last placing price around .7 and different parties got shares in lieu of payment etc that they continue to offload. Looking forward to seeing 1p in the rearview mirror and probably before the month end.
I think next news could be further update on Saudi, credit for investors, credit approval for second bank and then further updates on investors credit sign off. i think once people know this is happening the share price will start to take off as it has a massive amount of catching up to do. If it was not Harry and his historic rose tinted glasses i suspect we would be closer to 2p by now but investors are wary but todays market cap of £34m is ridiculous. It should be easily £50m-£100m going into this finance and then £150m once manu has his cash in the bank :)
We should quickly go past 1p as we should get RNS with credit approval to investors and even a proper sign off from second bank. Most investors will know this is pretty much now in the bag so better to get in now before 1p is hit. Much easier to 10 bag .7 than 1p and with a good tail wind and Saudi moving could easily hit these levels later this year but just the final hurdles now to fix TK proper and then Saudi will finally get some valuation. Saudi even as exploration if spun out would be worth easily £75m but today valued at almost nothing. Things will change soon. Hopefully manu has been one of those canny fence sitters and now bought in. You never know :)
Probably why andy flintoff ran a mile immediately after court case came to light as if Eqtec come good on this as is likely in some sense, it could tip Logic into receivership. Eqtec introduced the party who then signed binding agreements and then Logic assume that all investment made by Eqtec is not payable? Somehow that does not land too well but at same time Eqtec should have had deeper leverage to stop this from happening. I suspect a settlement will be hammered out as already by now the case will largely be known. Just depends if Logic want to gamble they might get a better outcome than settle now.