Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes, fantastic result. I thought the ‘back test’ in the prospectus was a bit over enthusiastic, but the real world results speak for themselves. Glad I moved a chunk into here at float. Great investment.
Trouble is, it gets worse. When they listed in 2016, they only issued 25 million shares at .08.
So 75 million were already held by someone.
Therefore, original buyers at .08 have been diluted by 168 x
100x from here doesn’t come close to paying original holders back.
Can I suggest, the only thing that’s going to do 100% this year is the shares in issue.
When this listed in 2016, they floated 100 million shares at 8p
Now there is 4.2 Billion in issue. That’s a 42x increase in 5 years. (By that calculation, this should be trading at .0019p based on the float price in 2016 of 8p and not taking anything else into account)
Having said that, they need to pump this, to get the next dilution away and keep the lights on. I don’t think 3 broadband circuits and 100 SIM cards will butter any parsnips, but hey. What do I know?
Good luck if you can make some money on this. You’ll need it. Lol
Mr market is a fickle beast, at some point this will mean revert.
Its laughable ‘we are creating value for shareholders’ and ‘aligning our interests’ by giving these options.
Shame it’s not. It’s also a shame that people believe it.
All they are doing is lining their own pockets... the same thing they have done since listing.
If they were serious about ‘aligning interests’ they would be buying the shares themselves.
Now, when is the next fundraise? Can’t be long.
Yup, it’s the same destruction of capital. I like to keep an eye on it and laugh at some of the foolish remarks. My comments were firmly tongue in cheek.
Miss G has had this one weighed up from the start.
Hope you are keeping well.
T
Don’t forget Jumanji, 250% of FA is still FA.
Whereas, the costs still keep adding up. Call centre in SA... how much is that costing.? Part time CEO...Same?
Just don’t drag anybody into this based on your over inflated ideas. There is only one way this is going, and it’s been going that way since it floated at 8p
Mjatkin,
Do some research. This floated 25M shares in 2016 at 8p. It now has 1144M shares in issue.
If you had bought 10k at float, you would now be sitting on £200.
Shameful.
Not surprising though, as Breith has his name all over this one.
That’s the question you have to wrestle with Grover... do you believe.... and pile in now, hoping to make a killing when they get to profit, (if the ever get there) or do you stay away, until they prove themselves, and miss all of the big action?
At the end of the day, you pays your money and you takes your choice.
Could it be that last year (2018) they had revenues of 1.51 Million and lost 1.23 Million?
at 35p, the Company would be valued at ~ £400 Million
at 45p the Company would be valued at ~ £514 Million
Does it add up?
Great post Trek.
As the great Buffet says ‘Opportunity comes infrequently, when it rains gold, put out the bucket, not the thimble’
Isn’t it strange that the stock market is the only place where, when things are at sale prices, everybody runs for the door?