Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes … north of £1 I would suggest. We have a full on energy crisis and a strong dollar. IGas profits are currently constrained by hedges but they still smashed it out of the park in their last set of results and the hedges change in new year. They are also due to announce a new CEO soon, who will focus on reducing operating costs I would imagine. Plus the GeoThermal business pipeline is really strong and growing. The demand for the GT heat will be huge given the energy crisis, energy security issues and desire to transition to a low carbon future and CapEx is fifty percent funded by government grants. IGAS is well positioned to grow in this market.
All positive if you ask me.
This is effectively de-risked now. Should climb from here. It’s worth noting what their ex CEO had to say about the value of their conventional assets based on a gas price in the high 60s…
https://youtu.be/Y1Ia2Gn2PNg
You can’t read anything into that. They could be algo trades priced at a tariff as low as 0.1bps. Institutions slice and dice their orders to hide their intent which they can do in small lots due to the low tariffs, hence overall volumes traded and the vwap is more indicative of what is going on. The fact
Volumes are high and the price is rising is what is interesting here
Maybe the market is waking up to the enormous potential of XFiltra - 600 million domestic washing machines in use globally and a world that is beginning to realise that the 500,000 tons of micro plastics that these generate needs to be abated. Xeros has the best technology and its IP Is protected. Imagine what their turnover would be if their technology was in just ten percent of the 110-120 million machines sold in any given year...
I’m very encouraged this morning and even more convinced that this is going to fly at some point when the market realises how different the business model is to how it used to be, the size of their addressable markets and how in demand their technology is about to become. The share consolidation is a good idea too IMO. Let’s see what the market thinks.
Hi Skid35,
Thanks for the reply. I was actually trying to run a very quick ‘rough and ready’ slide rule over it. Revenues expected to be the same as last year at 14.5million, EBITDA expected to be at breakeven - a reduction of 2m, cash down from 20.6m to 10m, contract revenues in the UK down significantly and a smallish ventilator order that will contribute to fixed costs but not to profit.
I’d say given the cash situation and possible capital raise over the coming months and the current economic climate, what with Covid, Brexit and the UK possibly about to upset the US over the Good Friday agreement, that there is an awful lot of uncertainty around this share at the moment, hence the recent price action. The IP might be great but how long before they can really start to return shareholder value?
I haven’t done enough research to understand the market opportunity to know if this is investable but I’d love to hear about it, to be honest.