Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Price is firming and spread is very very tight
Really cannot understand why everyone has not filtered him
Got that purchase just right for a change. Roll on the rise next week as many buyers load this into their new isas.
My filter is busy this morning
I bought more this morning as this does look undervalued. This is the last day of the financial year so there will be people utilising tax losses. My feeling is that this will start well next week and any positive news will see us north of 20p.
Signed
Fund raising in the near future is never good for the share price. I am hopeful the company can have a positive year in terms of sales as these sorts of losses cannot continue indefinitely. This could retrace a bit further yet IMHO.
It is a long time since the spread was as tight as just now 1.04-1.05
Presumably we will get a detailed update when the interims are announced at the end of this month?
I would be delighted with 1.4p but any news could propel it higher
The other share in this sector to look at is Powerhouse Energy who have also seemed to have turned the corner.
I topped up this afternoon for the first time in ages as I am confident the company is going in the right direction.
I have been in this share since 2014 and it has been a bumpy ride. I made a lot on the ride to 10p and sold at the top. However I also put quite a lot back into it and am averaging at 5.7p. For the first time I feel really confident that this is going to be the cash machine we all thought it would be. The licensing and engineering model is the right way to go particularly in this world where cash for investment is scarce. I think there is a real chance we will get back to the previous high of around 10p later this year.
If all goes to plan it could be possible in 5 years. I would be happy to see a return to 10p as that would wipe out some serious losses.
This could double today
To be honest there is nothing to hold this back after today. I now have some hope of getting my money back.
Why does everyone not filter him as I have done? You will certainly not be missing anything important.
First price increase for quite a while
The best advice is to keep buying at the current bargain basement price. The trend is obvious and we will see a strong uplift in January as investor confidence grows IMHO.
We will see 30p by the end of January so best to keep loading up. I will buy more at the start of 2024 as the current price is a bargain given the potential.