Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Has been good again today. It seems that more people are becoming aware of the potential size of the University projects. I expect the share will be into the penny’s prior to the announcement of the initial deal.
There is a willingness to move this forward quickly from both the funding parties and the universities so I expect to see something in the near future
Very interesting article. DKE are attempting to replicate this US model in the UK. It is a virtuous circle and is easy to see why both the Universities and the funders would be interested
Sure, you need to follow me in order for me to add you @smudgedann
It looks like for the year to 31st March 2018 Viking fund management was responsible for £715k of the total £820k revenue with the remaining fund responsible for the balance. I would hope that they will be able to rebuild some revenue with the existing fund run by Viv Hallam and in any case have the cash cushion whilst this is in progress.
I guess he was frustrated by the lack of news. It seems that the two projects have in an way paved the way for the University deals as it has built up a good working relationship between the funding parties and the company. Those two projects are also decent revenue earners in their own right, especially in the context of the current market cap but pale into insignificance in comparison to the potential University deals. Should be a good few months here now.
The evening was good. There were around 15 PI's there in total and lots of questions asked. In summary, the focus going forward will be on the University projects of which 3 are currently is discussion. They hope to complete 1 to 3 university deals within 6 to 12 months although could be sooner. Parties on both sides (funders and universities) are very keen to get these deals done, so it is just the planning, architects drawings (already in progress) etc. The size of each deal is between £150m and £300m at a 20% margin to DKE. Clearly just one of these deals will be game changing for the company and Geoffrey is working flat out on these with a view to increasing the team at the right time. Cash position is fine with monthly income from the two existing projects and a completion fee on each project of between £500k and £1m.
Interview with Trevor Brown and Gareth Cave. Think Pharm2Farm could be very exciting.
https://www.proactiveinvestors.co.uk/companies/stocktube/14089/braveheart-s-trevor-brown-details-investment-in--exciting--pharm2farm-limited-14089.html
will put a summary of my thoughts on here too. Am hoping the company have something to announce prior to the presentation
Yes, will do. There is a small chat group on twitter if you would like to join?
Yes, I will be there
I am hoping for company to be taking an approach of under promising and over delivering regarding Lumberton which would certainly be a change from the past when they did the opposite and ended up destroying the share price.
The 5 tonne plant clearly needs to work and be operational as soon as possible in order for the company to use this as a proof of concept. Hopefully things will go as planned for a change!
I would certainly hope so. There isn't going to be much to talk about if they don't release an update beforehand. I am hoping to see a deal with one of the universities
They took some in the placing on 3rd December 2018 at 1.2p and also converted a CLN at 1.1p in January 2019
Should meet his target in the next session or two!
Can you expand upon your calculation of less than 1p?
That question was asked at the London presentation. From memory the answer was it a household name. Worth asking again though