Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I used to trade this last winter, it would drop to 450P ish and then jump back up to 500p and higher. Then it went up and carried on to 600p. It is surprising that they are down here, the worrying factor for me is that no Directors have bought, do they know they something? They certainly do as they are the Directors! Four of the Directors were quick enough to sell at 1400p ish before the drop last year. If they can get their s-hite together, this share will explode. At this stage, we might as well see if it drops to 200p, fire off a feck load of stops.
I am no tax expert but paying 2 Million on 12 Million pound profit seems about right. The issue here is the wafer thin margins that they are prepared to work on. The fact is that China does not impose any tax on companies doing business in the West, it will likely go further than that as they probably throw in support through the back door. The only thing the UK can do is to reduce the 135 quid levy for Import duties and that will never happen. Factor in Temu which is the most down loaded app in the UK this year and all of a sudden this market looks over crowded. Both Shein and Temu are Disrupters on Steroids.
@TG4: You have posted 639 messages on this BB in the last 30 days, which is extreme and maybe a little bit manic? You probably are a decent and well intentioned chap, but I would just like to understand your perspective. What is your average holding price here and why are so attached to this share?
With Braben owning 33% of the company, a possible t/o looks tedious and unlikely. I was going to buy in, but I will probably wait and see for a week or two. It hit 631p on the 27th July, what a fall. Personally, I cannot see this testing less than 200p, great upside if they get their ducks in a row. It will be good to see who owns what, when the dust settles. At these prices, there is certainly value.