Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Added £500 more today also
Well in fact turns out the £19.5k was “punt money” sold in 2 chunks this morning the 149k+150k sells for a grand profit of £250. As was the £10k at 5.1 yesterday that was sold 2 hours later.
It’s clear a lot of those buyers yesterday and today are probably traders here for 10% then off to the next one. Typical aim pump+dump although not fair to use that expression here as HMI is a great business in my opinion. For what it’s worth as an investor I think there’s great value here. But for those investors here, be patient- detach from sp and if it drops to silly levels and you’ve done your research buy some more.
This has every chance of getting to 20p + in a 24 month period but it doesn’t happen overnight. Detach from sp- let these traders do their thing for a 5% gain but don’t get roped into the fun and games.
“Product sold” is invoiced + paid in full. As at start of October (this month) 93kt have been invoiced. 55kt in q3 + 35kt in h1 that was shown in the H1 revenue number- 78 aud per tonne.
Must admit I thought previously farmers were given long credit terms however Brian stated recently that 97% of farmers settle invoices within 30 days of delivery. The relationship with banco do brazil since kp fertil has been certified as a fertiliser has made it much easier for farmers to obtain credit from the bank.
Definitely some improved communication around sales orders and product sold would be welcomed. I agree with what your saying smalley and I think it needs to be explained in its most basic form- sales orders + then fully paid for sold product.
I think the confusion comes in when speaking in past tense about sales orders. There have been times the company has slipped up on these comms. When talking in past tense about sales orders they achieved sometimes they say “sold” I think they are honest mistakes, but comms does need to improve around this.
Takes absolutely nothing away from what the company is actually doing on the ground though with the numbers they are achieving.
Assuming the orders are solid? 10% deposit taken. Why would farmers walk away from that. We delivered 55kt in q3 to take it to 90kt so far delivered with 63kt left for q4.
Each to their own. I’m completely in the other camp but I can appreciate views that are different to mine. Whether you think it’s excuses or not (I don’t) Brian’s clarified that many many decisions go into the timing of farmers buying our product.
All of the farmers that buy our product buy more the year after, simple as that. We’ll likely have 170kt orders this year with 150kt delivered. Did you expect us to sell 70kt not just in q1 but 2,3+ 4 this year = 280kt? If so, highly unrealistic. Not really sure what you want from the company. With 100% increase on last years sales, your still not slightly satisfied lol so I’d sell up if I was you! At £12m mcap with estimated £3-4m profit this year, dividends on the horizon, organic growth and no risk of dilution good luck finding a better place to put your money. Just my opinion tho! DYOR
No problem, Obvisouly it’s all just a forecast. However cash flow should be flowing in now and get better next year. Alongside Brian in his recent interviews stating he wants to at dividends as soon as possible and that point is getting close but let’s see
I expect us to be making in the region of £3.5-4m profit this year- would mean cash balances around 7m AUD by year end.
If I was Brian I would want to see into first or second quarter next year to see how we’re tracking on our new sales target of what I expect to be in the 250kt region based on previous yr on yr increases and the market size around us. At that number we should be in the £6-7m pre tax profits- at that stage q1/q2 next year id expect us to announce a 1p dividend or £1.9m to start. Just my two cents, in my honest opinion!
“The drop in 3rd quarter could be a harbinger of another screwup by Brian” John please… what don’t you understand about the 150kt orders target for 2022 beaten in 9 months at 153kt with q4 to go.
Clear as day the sales cycles for this year was slightly skewed. Brian’s explained lots of reasons for this- weather, farmers fomo etc. We sold 85kt last year… 153kt orders this year likely 170kt to finish the year. Cash position likely to increase by £3-4m this year. If you can’t handle the share price fluctuating you should sell up! No reflection in my opinion on the business itself. Every customer who buys comes back next year and buys more. What do you think we’ll sell next year… go figure.
Swingy 100usd a tonne equals 154aud- the accounts are in aud- no chance in hell we’re anywhere near that price. We know we’re selling at 78 aud perhaps a little more as the year has progressed and the price rises have been implemented.
It’s not sensible to work on anything upwards of 90 aud per tonne to model some economics on in my opinion. I think a 10-15% increase from the start of the year could be reasonable however as goleftmassa says- we know the price- work and model on the 78 aud price knowing that’s what’s been achieved for H1. Anything else a bonus and goes straight to the bottom line. At the 78 aud the company is throwing off really good amounts of cash at 150kt, my workings suggest around £3.5 profit figure- DYOR. ACCOUNTS ARE IN AUD for anyone that needs to hear it.
Excellent update all round- yes they could have made things more clear and they’ve accepted that. Pleased to see Brian getting stuck in to the people who refuse to accept responsibility for their own investment actions and as a result throw shade his way.
Interview just been released https://total-market-solutions.com/2022/10/harvest-minerals-october-2022/
Yes we do, it was the phosphate project they abandoned. If and it’s a big if we can get the limestone asset up and running it should be an excellent driver of revenue. All fictional at this stage though until an update is given on its progression.