Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Glengarth. They are maybe straightforward but they need an independent auditor to sign them off. Given corporate governance is not a strong point here what’s the betting that this is the issue…. Although I would hope they would be legally obliged to tell us that is the reason.
Wow
Way worse outlook than I thought. Wasn’t this year going to be 20-30m rev and potentially ebitda positive?
Buried down if you scroll for miles is this…
Financial outlook
With revenue dependent on funding sufficient to meet project milestones, based on a re-focused portfolio, the Company anticipates its total revenues for 2022 to be in the range of €10 - 12 million. In line with the project re-focus, the Company currently forecasts an EBITDA loss in the range of €2 - 3 million (2021: (€3.8) million). The revenue and EBITDA guidance is predicated on the progression of projects' meeting anticipated timelines, in particular Deeside.
Oh dear.
Fundamentals aside - I am trying to understand why people shop on The Hut? £2bn turnover is huge considering I think it is quite a little known website - I bet my wife has not heard of it. I go on there and I struggle to see a USP... It is not a discounted brand proposition - It is Selfridges prices but without the shopping experience of being in Selfridges or the yellow bags.
What ultimately leads to £2bn of cash being parted with on that site vs any other retailer. Clearly something but for me to invest I would want to understand what it is.
I am invested here so have no motive to push sp down as no intention of buying more and live in hope of a 2021 style pump so I can exit.
The $50k is not as I read it the upfront payment. It is the maximum risk in all but the worst circumstances…. Well why not share with us the maximum risk in the worst circumstances (I.e. we have made payment but no one wants to buy NFTs).
It is a fact that if we keep making one off payments and revenue is understandably not instant then we will be reducing cash. I have no idea what significance the one off payments has in relation to cash in bank but if I had made a bet that there definitely will it be a placing by 19th October then all these upfront payments would make me nervous.
Hopefully I don’t have a clue and this will be 0.45p in the next 12 weeks.
So I completely forgot to think about this yesterday but by all logic should the results have been released at 7am yesterday now 10 day mourning period is over. The queen repect theory in tatters with no RNS yesterday… and none this morning either. Actually have found the last 10 days a load of nonsense but this is pretty distasteful if the queens death and the overly “we are sad” tweet was just cover for another reason to delay results….
At the discount price to raise $60m you would dilute your investment by 12.5% (appreciate there may only be a 6.25% dilution for half the money). If Newcrest had taken the 5% stake in Haverion at $60m this would have diluted your stake in Haverion by 16.7% but left all other 100% owned prospects undiluted.
I don't know which is best (depends how much of Haverion is in the entire mcap) but it is not clear cut so I struggle to accept that on one hand Newcrest not taking the options is hailed as a great outcome but then diluting total company ownership is considered a good move.....
10% of the company was bought and sold in the 3 days from MSC news from my memory.... How did this not result in a TR1. I will accept that maybe the buying was spread across many so no one individual went over a threshold but who were the 10% sellers in not II's?
Got thinking to myself this morning - On a day by day basis what happens at BRES? We are not mining, we are not building infrastructure to mine (I imagine we need project funding first?), we are not selling or marketing... So what is happening? Like right now, as I type, what is Mike up to? Do we have other employees? And if so what are they doing right now? Is there a full time job to be done at BRES? I get that Mike needs to speak to potential project partners to gain funding but this must be a fairly intermittent task (I assume he is not cold calling)
Not complaining as every company goes through this stage but it does feel like a very strange lull.
Saw the headline of this mornings RNS as well as the word “placing” and panicked but pleasing to see that the minimum these can convert for is 60p and if left longer then 90p.
Hopefully this further puts the funding nags to bed as we are still clearly able to fund without giving away the company cheaply (appreciate 60p is still cheap but if we are in a position where the lender is taking that option it can only be a positive from where we are today).
GLA
RiskisReward.
Shishir has stated that there would be no equity raise at these prices. I suspect we don’t have a lot of cash but o trust that we are either now or imminently profitable. We therefore can choose when to raise rather than be forced to. As we build to 30000 mt prod then we could pause growth and let this increase our profitability so we can begin to invest profits rather than raise. I am sure the preference is to move quicker and raise more capital but the point is that with us being profitable Shishir has it in his gift to keep his promise of not raising cheaply.
https://twitter.com/tirupatiuk/status/1555435180365467648?s=21&t=abl4FGwMz5-4SiIp1Yj2MA
Don’t know why not an RNs (even though it doesn’t have to be).
Anyway - Sept is 3.5 weeks away so to still be on track hopefully means it is happening. Might top up here if any more weakness shown
So they are giving themselves a target of getting the share price to 3p whilst some investors on here say they would not sell at 10p… some disconnect between the boards valuation and the average armchair PI??
Still. I would happily take 3p right now so let’s hope the board are being realistic in their targets.
Hi Steve. I just read the IGS RNS and it was going to start in Q1 and be $720 over 6 months. I think we can definitely not allow for the full $720 and suspect we have still a decent chunk to go. I think we thought at the time we got $30k in feb. Even if this then provided $120k a month after this still only gives $510k of IGS but who knows. Almost doesn’t matter so long as revenue is growing at this rate. I don’t know enough about live scores but would we expect revenue to dip here whilst the football season is stopped? Maybe.