Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I've recently bought in & will add (should the SP stay below 1500p).
Dividends will help, but i'm looking at medium term SP recovery on this share.
I got blasted by some investors for saying i couldn't see any value when the SP was around 3000p & needless to say i hope the SP heads in that direction again.
The simple math with companies such as Unilever, GSK etc is the more the population grows worldwide, the more products they will sell.
Sadly, the SP will always yo-yo due to short term traders, shorters & IMO the FTSE is undervalued compared to some other markets. Yields of around 8% on the likes of solid earners like LGEN is almost laughable.
Buy the dips.
I'm happy to keep adding at these prices for medium/long term growth & income.
The Chinese stock market can't stay in the doldrums forever & it's better to buy below 300p than above 600p.
Good luck to those brave enough to invest & stay invested.
I'd expect them to be pretty impressive on the basis that mortgage rates have climbed far quicker than savings rates (unless you lock your cash up for at least 12 months) & that should be good news for any banks balance sheet.
The only trusts/funds i'm invested in at the moment are the Axa Framlington Global Technology fund & i usually add on dips around or below 600p plus i'm currently adding monthly to the JP Morgan China Growth & Income investment trust.
Best of luck to all investors wanting to make money (except MM's & shorters) :D
I already owned around 3,500 LGEN shares & decided to buy another £750 worth today (dividends from other stocks).
You never know with stocks, but LGEN looks truly undervalued, the earnings & dividend look safe going forward.
I nearly took a punt on Ceres power, but decided to play it safe(ish).
It's also good to see what funds/trusts others say they're holding on here.
I've bought & sold TEP on 3 occasions & done well in doing so. I sold out last time & then was shocked to see the price racing past 2000p.
I've posted before & stated that when the SP was dropping below 1200p towards 1000p that TEP was a sensible buy.
It may head that way again (Just down to sentiment) & if it does.....
expect me to jump in again.
I've just invested my LGEN dividends into Bens Creek. I topped up on LGEN when the SP was lower the other week & buy income shares monthly through my ISA subscription with HL.
Certainly wouldn't put anyone off adding more LGEN with their divi's though.
My buy of 4196 shares this morning is showing as a sell & it was most certainly a buy !
Recent news of product sold, confident in selling even more to same customer, 2nd HWM on site & starting to mine today = Why the hell would anyone sell ?
There was a report on student accommodation a few days back. It stated that many of the converted houses rented to students by private landlords were nigh on uninhabitable & that should be good news for a company such as Watkin Jones.
This happened to my workmates daughter who was living with 3 others in a house in Leeds. The roof let water in at an alarming rate, but the landlord was more interested in getting his hundreds of £££'s every month, rather than getting the problem sorted.
@HeresHopin - That wasn't the case, as PHE rocketed from .5p to 10p in a short space of time with no earnings of any sort to back up the hype. Yet some rampers were telling folk to get in at 10p & i disagreed with them for the reason i just stated.
This company is different, as it has an income & i simply can't understand anyone that thinks it's not worth more than the current SP.
If this jumps to 100p again, i'll only sell the profit if dividends aren't forthcoming.
I'm more comfortable with investors buying into Bens Creek below 20p instead of getting in after the horse has bolted.
@ HeresHopin - Not really, as i was tipped the share & figures of over 100p were touted. I bought in & added more soon after.
Because i didn't need the money i let it ride & then made a choice to sell most of my holding so i could buy more IMB,LGEN & DEC (i like dividends).
I've seen it many times before where the SP rockets & then plummets as investors pump, pump some more & then dump so i made my choice.
For myself It's all about finding value or a comfortable price to get in at & i never try to jump on board when the ship has already sailed (so to speak).
If others don't think this looks good = that's ok.
But can they let us know what other company looks better & is still undervalued please :)
@ Penstock - The info your share through your posts is gratefully received by most of us on here, but us investors have to make our own decisions on what price we want to buy & sell at. Far too many on LSE de-ramp on no news whatsoever.
I've said before that i was lucky to get in at 11p & sell 90% at nearly 100p, but knew anyone buying around 100p was taking an awful risk.
It was similar with PHE a few years ago, as i bought in around .5p & sold out at 3.5p & 5.5p only to seethe price rise to 10p !
As i posted about using caution, certain rampers were telling folk the shares were still cheap at 10p (based on a company with no earnings). I got slated by a few on that page & yet the SP now sits around 1p.
I like the story of Bens Creek going forward & this is a company that actually earns money selling the product it mines.
If it does hit 5p & is still selling plenty of met coal, then it offers the opportunity of a lifetime to get in very, very cheap indeed.
@Monty888 - let's hope so :)
Broker targets are 170p plus & i watched an investor video on YouTube the other day where he pointed out that one of the "Fair value" tools gave a price of 245p.
There's plenty of cash in the bank, but the current negative free cash flow needs working on asap.