Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I do indeed have a 'personal agenda' & I sincerely hope the person concerned stays safe, whatever they decide to do. :-)
Kierewiet >> "Think we all understand the risks associated with investing"
I'm sure most of us do... my concern would be if an ordinary decent chap, working hard to build his company's success, innocently invested in any given share on a spike, genuinely believing the rise to be 'the norm', and then, once under water, understandably lost sight of risk/reward and further invested far more than he could afford to lose in the mistaken belief that recovering his loss over time was a certainty. We all know that, regardless of their fundamentals, AIM companies can disappear over night &, while I'm not suggesting that will happen here, this knowledge can help prevent us from over-exposing ourselves... imagine if, out of the blue, you found yourself in your mid-forties unable to afford to even feed your dog?
Surely no amount of bulletin board camaraderie would console.
Benson x
The published NAV is meaningless.
The true Net Asset Value of a company is the balance of assets/liabilities in the event the company were to cease treading. In practice shares in unlisted companies are difficult to liquidate and hence of nominal value as an asset in real terms.
It's all about risk, understanding that risk and investing accordingly. Most respected financial advisers would typically suggest no more than 10% of an investment portfolio should be 'high risk' and even then it should be spread over a dozen or so companies. All AIM shares are classified as high risk so an investor with £100k should ideally limit their exposure to any single AIM company to £1000 or less.
Obviously we are all free to make our own decisions, but the purpose of these boards is to share and hopefully assist each other?
It's a long way down.
A small loss is better than a large one, but a large loss is still considerably better than total loss which happens time & again on AIM.
You check in one day & your 'golden share' is suspended, later delisted with absolutely no redress.
They say "only invest what you can afford to lose"
Perhaps we should listen?
Let it go deano & please keep posting... It's refreshing to have 'the voice of reason' on the board even if it is usually drowned out by the rose-tinted, head-in-the-sand, delusional outbursts of some who are clearly struggling to come to terms with their loss here.
We all want this to come back but a touch of realism can only be a good thing.
Did that figure include the £324,000 from warrants b1gdeano?
If not then they can likely fund CP's salary for a few more weeks!
Not sure court action would be an option applegarth... it's something that as often mooted on these boards when a company delists but in practice never happens. As investors typically buy their shares on the open market & not directly from the company concerned, I suspect there is no legal redress.
While it is obviously in everybody's best interest to see this relist it's a sad fact that companies seldom come back to the market once they leave... investors can save themselves a lot of stress by letting go of expectations and coming to terms with their loss - if it does then relist it's a pleasant surprise and welcome bonus... Agonising over 'what ifs' certainly won't influence the outcome and can undermine quality of life during a prolonged wait with no guarantees.
One thing's for sure - there is more chance of this relisting than a successful outcome through the courts if it doesn't.
I can't for the life of me understand how the entire process is not automated from the outset.
Serious design flaw that needs addressing immediately imho
In honesty, I'm not convinced they have a 'roadmap' and believe it's more likely that they are 'winging it'... They certainly don't give the impression that they know what they are doing.
In fairness they are breaking new ground so there are bound to be many unknowns & even unknowables.
Although CP gets a lot of flak, I do think he's sincere. He seems prone to exaggeration but this is likely due to over-enthusiasm rather than deception. I get the impression he genuinely believes in this even if he is perhaps guilty of also believing his own (well intended) bull$hit.
My main concern is that none of them have a track record for success and, as far as I'm aware, none of the businesses envolved, including Railsbank, have ever turned a profit... They seem highly practised at the art of spin, but woefully lacking in business acumen.
Truth is, no one has a clue what will come of this. We can but wait and hope that if they are unable to pull this off from skilful planning they will at least get lucky!
Over the years I've seen lots of shares delist... folk post for a while on these boards & then all goes quiet... Not here!... In my opinion t's extremely impressive that this board is still so active and genuinely inspirational to see such a high level of mutual support through difficult times.
If anyone deserves reward it's surely those here!
GLA
...or reality check?
Come to terms with loss of money 'invested' here
Vow never to get caught up in ill-informed bulletin board bull$hit again
Better still, leave LSE entirely & get a constructive/enjoyable hobby
Seek independent financial advice before investing again
Better still, leave it to the professionals.
Lesson learned!
Many thanks for posting that regarding SMEs JonnyE!
:-)
Correct me if I'm wrong but as far as I'm aware, there has been nothing to suggest there will ever be Tally 'business' accounts.
My understanding is that "B2B2C" is simply the business model by which the Tally product is delivered to consumers (eg TallyMoney Ltd - to - Railsbank Ltd - to - end user)
Based on past performance, I suspect a (middle) finger of fudge is the most investors can expect from CP!
"I'd rather have to get my gold back from an insolvent tally than money from a failed bank."
Northern Rock
Alliance & Leicester
HBOS
Bradford & Bingley
Royal Bank of Scotland Group
Lloyds TSB
All failed but no one lost their money.
But, like I said, your choice and I respect that.
Best regards
Your broker is regulated
Your bank is regulated
TallyMoney is not.
It's your money - please don't believe an anonymous poster on a public bb - if you want the answers ask the regulator. Or not. Your choice!! :-)
Customer Contact Centre:
c o n s u m e r . q u e r i e s @ f c a . o r g . u k
"The conversation started with wanting to know the contact details and process of getting access to the gold we hold, that's the answer I wanted."
7.2. TallyMoney shall retain legal title to any gold purchased by TallyMoney on behalf of the Customer
Surely the answer is right there? ...if TallyMoney "retain legal title" there is no way a third party is going to hand over that gold to anyone but them.
So one day out of the blue the app doesn't load/
No reply to emails
No one picking up the phone.
Who do you turn to?
The regulator.
If the regulator can do nothing you are stuffed.
That's why I suggested asking the regulator **before** the (hopefully never happen) event.
I appreciate it doesn't bother you personally but perhaps others, such as b1gdeano would actually like to know where they stand... any amount of reassurance from the company concerned is surely worth nothing if they disappear which is the hypothetical question, however the regulator can answer that 'what if' reliably.
Customer Contact Centre
"Hoping they come back with a decent answer and not a swerve or other evasive answer."
Come on b1gdeano, get real, what do you honestly expect from 'silver-tongue' CP ???!!!
If you genuinely want to quantify the risk then why not email the regulator for impartial, trustworthy & reliable advice on where you stand if this does go pear shaped?
Like I said, hopefully it will never happen, but no harm knowing where you stand.