Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Dagenham. Always appreciate your posts. Yes, if I had known, I wouldn’t have invested. But that’s what it is sometimes. A loss. The point is that I don’t see failure here. I see an over enthusiastic CEO, who needs to learn when to NOT COMMENT, because there is nothing investors like less than a CEO that over promises. It takes a long time to get back on track. I don’t feel deceived in any way though, and neither do I feel that this is badly run, nor are any of the investments poor investments. If Ed is more careful from now on and stays away from telling us what a great deal we’ll get in six months, or anything that hints at a complete deal before a deal is actually made, then we will get our credibility back. I, for one, have seen this behaviour before, and wish I had spotted it earlier. But I, like many, simply couldn’t believe people would continue to be so stupid as to sell so far below NAV. But they have. And I bet Chris Hutch is out now given he hasn’t had his quick return either…. . But the thrill of the ten or whatever bagger is still attractive to me. So I’m still going to stick around for a long time yet. Because it will happen here.
I'd prefer a CEO that shuts his cakehole tbh and lets results speak for themselves. Musk is a prime example of a CEO who is slowly learning his lesson. Far more damage done by CEOs giving constant 'updates' which turn out to be either emotional spouting or things that change with circumstances. And as for the SP? Pffh. Forget it people. This is what risk is. Live with it. You'll get your rewards in due course. Trading at 21% to SP? There'll be a readjustment and it won't be thanks to a CEO spouting off again. In fact quite the opposite. And the last thing we need is another bubble to help those too frustrated to hold.
It didn’t sound like a buy back was off the table from what Ed said in the interview. It would need to be significant at this stupid price really…, so perhaps the MMS are just involved in a big tree shake to fulfill that order?
Dagenham and Longlad - I don't agree with what you are writing, but I have to say I find it hard not to smile when I read your posts. They are hilarious. The way you are trying to outdo each other with the level of acidic bile you write, it's great work! You guys would make a great double act. Keep it up! A good distraction to an otherwise dull day.
The problem with a bug back is that any increase in price as a result may increase SP, but only as long as no one sells. As soon as you have a few sellers taking a profit , then the ‘value’ of the buy back is lost. It’s a straight transfer of funds into the hands of those people who have bought for a quick buck. NAV of company shrinks as assets are liquidated via those profit takers. Better option would be to liquidate the whole fund. But then, what’s the point?
Hi Sam. I appreciate your balanced approach. The difficulty I’ve got isn’t negativity. I’m fine with negativity. It’s when posters make stuff up and pass it off as fact. They aren’t the investment clever dicks they like to think they are. They know as much as the rest of us here and perhaps less. A little humility goes a long way.
Bad luck Midas. Wrong again. Seems you don’t know what you’re talking about. You have lots of belief in your own ideas, but let’s face it, they are consistently wrong. One point to take away is that the naysayers here are less likely to have any firm grounds for their negative speculation. Makes the future look rosier here.
Midas. We saw you said something similar about SWB, and events proved you wrong. Fine having opinions but yours don’t really appear to be based on knowledge or facts. The reality is that it is guess work what we’ll get for the CLNs for all of us retail punters at the moment until we see the actual outcome.
SWB sold for 7 million pounds this week. We've got outstanding CLNs of £200k at 8%, and 5 % of the company, right (that was the first £250k CLNs converted to equity)? The 5% cost us £250k so for £450k investment over two years we get a return of around £600k - roughly 25% return over two years. Anyone got more time to go through the figures? Sorry, I've scrolled through the many posts of banter and haven't found anything, so apologies if missed. If you can repost, that'd be great. Cheers.
There's a general downshift in appetite for risk stocks at the moment, regardless of how great the company may be. The mood is 'risk averse' at the moment, and this is likely to have contributed to BEM's current SP malaise. BEM is a risk stock as are so many others on AIM. Cash is king at the moment. It'll turn. But when is the question. Could be tomorrow. Could be in a couple of years - or more.
I have to admit to feeling tempted to sell my holdings here. You watch the SP drop and it is painful. Really painful. Better end it by cutting my losses and just getting out? But I have to constantly remind myself that there isn't anything fundamentally wrong here. The volumes pushing this down have been pitiful. Why on earth are people selling at a loss? Gambling on trading, hoping to get back in at a lower price? It's such a risk at this stage. We're massively oversold, and it's just the complete absence of interest in SEED at the moment that results in so few buys. Normally, investors would spot free value! Once there is something to spark interest, others will notice how undervalued we are compared to NAV (a pretty reasonable fact to inform a buy decision) and then pile in. It's such a risk to sell now and I'm surprised that still people sell!
I'd suggest the value of Ed is not necessarily in the value that he brings from such amazing work that is crammed into the few hours a week he spends here, but more on the rarity value of his network. And it's better than my network. That's what he gets our money for and why I wouldn't want to replace him. Look at his past history and that of the company for evidence of that. And ok, he may or may not be about helping friends line their pockets. But there'll come a payback time if he is helping them line their pockets (and if that is his only dimension). Ed isn't a fall guy. He wants to look good too, not just be the dumb getaway driver. So I believe that even if you're right (that he's lining his friends' pockets), there's still mileage in Ed's connections and the time will come where his connections will lead to a bright spot on his CV (so lead to a glowing endorsement of the brilliant work he's done with SEED - and a corresponding bump up in share price). The difficulty for Ed is that time is running out. Everyone in his social circle knows he's CEO of SEED, so he's either viewed as a failure (if he continues to blame others) or as a crook (if his rejoinder is that he's helping his mates) to his social circle. But he'll be saying that he's going to be pulling a cat out of the bag. And I reckon he will genuinely be trying for that. And that will come from within his private network. I'd point to CFG, for example.
CEOs are free to speculate. You're a fool if you believe them. I'm rather surprised at what you say ODonnell, because if you've had any time in the market at all, you'll have learnt your lesson and shouldn't be surprised as you claim to be. Are you really in your eighties, saying something like that? Ed is not the first small cap CEO to over egg his company. That's generally the downfall of small caps like this. I'm sure you all remember the CEO of KNB when the SP was bouncing up to 50p that he said he thought 60p was reasonable! And of course it isn't!! So pity those poor inexperienced punters who put store against such idle chatter. It means nothing at all. You need to look at the books, look at the NAV, and look at the facts on the table at the moment rather than listen to speculation about what the CEO thinks it's all worth. Whilst I'm sympathetic to those who've lost money here, I have to admit that I think you've only got yourselves to blame. Never, ever believe a CEO when he starts to spout about what he/she thinks the company is worth. If anything, let others buy in, and then sell on the back of the tide of positive sentiment, and wait until the gain wisps away. Personally, I'd still look at the NAV, and recognise that SEED is nothing more than on the edge of sensible investment. If you want a lower risk investment, go to IAG or somewhere like that. The opportunity with SEED is that it doesn't just double in a year, but more. That's why it invests in companies like Juvenescence, or LGP. You only need one or two to really take off. And careful hands. Let's face it, we're still well positioned in those areas with some decent investments, and like it or not, the SP won't reflect that this month.
Eric - I'm a little busy today, so apologies for wading in with a very brief 'my tuppence 'orth'. What could Budge have done or do, you asked? There are plenty of small specialist companies out there that specialise in exactly this sort of thing. Budge is out of his depth - not meant in a bad way, but he's a geologist and this is a political issue. And it's political Sami against the mainstream. So it's that that needs resolution. As a shareholder, you can tell Budge this. Blind support for your leader brings disaster for all. A leader needs to listen and also needs to understand the wider picture. That's where he's failed. His judgement of what BEM is, and of just sitting and waiting because BEM is a mining/exploratory company is not enough in today's world. He's a fine miner/explorer I'm sure, but politically, he's at the bottom of the class. Someone will resolve this (because it is resolvable), but it won't be Budge with the attitude he's shown. That's why I bailed out. Anyway, I hope I'm wrong for the sake of the holders here.
Hey Duds! Hahaha! No I’m not like Doggo. I was just quoting Warren Buffett. I’d say there is value here. You may catch a cheaper price later for this share , or you may not. The point is that when others are fearful, it’s a good time to buy. Fear is irrational and let’s face it, th SP at the moment is irrational in that it doesn’t reflect the value of the asset by a long long way.
Hey Kingsley. I can’t disagree that Ed messed up by hinting in that way. He isn’t the first small cap CEO unable to keep it in his trousers and he won’t be the last. It’s a poor characteristic of ambitious CEOs that they talk outside like that. I’ve no idea why he looks at this board and really he shouldn’t. He should have more important things to don with his time than try to please whoever may be moaning on social media. But ultimately, while he hasn’t ‘delivered’ I wouldn’t say that there is any reason to sell at the moment unless you’re trading and reckon you’ll be able to buy back at ‘the bottom’. There is going to be news (inevitably, I bought in because I like the risk reward ratio here) and when it comes, personally I’d rather just be riding the wave than desperately running along the beach trying to catch up with it. Buy when others sell….. . But then I’m not a day trader……
I know how you feel. Yet at the same time I have to remind myself what is going on: (a) the dropping share price isn't a reflection on performance of the company. In fact, little has changed. It isn't, say, a graphene innovator about to hit us all with a capital raise because it hasn't found the markets (b) the dropping share price isn't a reflection on the investments the company has made to a large extent - there are always going to be non-performers/duds and so on, but essentially, the value of the assets is there and you'd get a decent amount of money back if the company liquidated tomorrow (c) the company won't go bust. (d) there are always dips - all this means is you hold on for longer (e) this looks more like a buying opportunity than a selling opportunity. THERE IS NOTHING FUNDAMENTALLY DIFFERENT ABOUT THE COMPANY COMPARED TO TWO YEARS AGO OR EVEN MORE except for sentiment. And sentiment will turn. I can't predict how but it will. The most obvious signpost is Germany and the internal cannabis market there.
Eric - Stock trading is rough, full stop. Wherever you are, it's ultimately a gamble. It's only money in the end. Not worth worrying about too much. Kurt is trying hard and we all think we could do better (well, a lot of us do!), but ultimately, it's not our business. It's his. It'll of course be a relief when something positive happens, but you can say that about at least a thousand companies out there and for the corresponding investors in those companies. One day, something will happen here and everyone invested will smile. Those that aren't (for example, myself) will be kicking themselves.