Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hopefully the Government will come out with all guns blazing soon and have a mega rescue package (similar to furlough) that will restore consumer confidence - if that does happen I personally expect a swift sharp rebound mainly because of a lot of the issues that were driving the share prices down for so long in respect of covid and supply chains are/have been sorted and if consumers have been holding back because of the energy crisis then a big bounce should happen if this issue has also been resolved.
According to a Ryannair statement this week they have record bookings already for next year so if people are looking to travel they are generally looking to spend - if the shorters have any sense they'll start closing pretty soon. Anyone remember the day they announced they were raising funds - share price dropped to around £10 briefly only to recover to £20 by the end of the day - I'm looking forward to the volume/volatility/share price coming back.
What isn't a falling knife at the moment - not much - anyone that sold at £9 and bought back in yesterday which I'm hoping was peak fear will have done well. Fingers crossed that the Government do something constructive next week with the cost of living crisis and we can then move on and start seeing a sustained recovery in a lot of the beaten down shares.
West - you are right in respect of the massive swings in the share prices - I think its why I like trading it under normal conditions, and you're right about trying to help each other when times are tough like these - I just think the shorters/fund managers have been making hay while there's been no-one steering the ship as the current spate of decline started in June when (if memory serves me correctly) is when Boris was on the verge of having to resign.
I can still see your post showing the figures.
West - I only thought I'd mention it as some people don't consider that to be an option - its a different way of doing things I suppose.
I have followed ASC for quite a few years now and when the uptrend starts/volume returns its an easy share to trade - obviously not at these prices, but when they get to about £20 the swings in a day can be as much as £1 so you could easily make up the shortfall quite quickly - its hard going at the moment though as there's little volume and range movement on a day to day basis.
West - if you don't mind me commenting, but if you're down a considerable amount have you tried trading the ups and downs with a proportion of your holding to try and reduce your shortfall.
I gave an example on the OCDO board a couple of weeks ago where I was saying that the share price there (same as here) had run "hot" - I know hindsight is a wonderful thing, but if you had sold some of your holding at £10 or £11 a few weeks ago you could have bought back either more shares, or the same number of shares and banked the cash - just a different way of trying to recoup your losses rather than wait until the share price recovers to your original purchase price.
Looks like there could be some reprieve here if the bottom for today was £6.94 - I've noticed that if a share price "bottoms" in the morning then the signs are that a new upward trend is emerging - something that I am expecting before the end of the week/start of next week as those that have made hay by shorting everything in sight may just want to start closing their positions in readiness for any government announcement early next week in respect of the help that they are going to give in light of the energy/cost of living crisis - anyone remember the rebound when furlough was announced? Not expecting the bounce to be that strong but hopefully a sustained upward trend can start - fingers crossed anyway.
I think the Government should absorb the increase in the costs of energy and increase income/corporation tax marginally over the next however many years it takes for everything to be paid - I'm sure people would prefer 1p extra on tax than 80% increase i utility bills.
I suppose it's a bit of a slippery slope - the way I read/understand it is if they don't get hold of inflation, then people will be wanting high wage rises which will then fuel higher inflation and it will be a never ending circle - by trying to contain inflation, and I suppose cross fingers that some sort of resolution can be found within the next 6 months or so to the Russia/Ukraine situation, inflation will fall dramatically which will then allow interest rates to start coming down again - it's this blinking war that's caused all the problems with inflation - if it wasn't for that I'm sure the global economies would be doing even better now with supply chains starting to ease.
Just now - Mohammed El Erian who is a regular contributor and I think started up Pimco years ago has just said something along the lines that the Fed will have to break the economy to bring inflation down (or words to that effect).
It's all to do with how strong the US economy is - means that the economy is running too hot and where "the market" were expecting the rises in interest rates to stop, they have now been left in no doubt that the intention (as previously advised) to increase rates by 0.75% in September to try and bring inflation down will be going ahead - that's according to Bloomberg.
I sold yesterday expecting a pull back today but am not disappointed as I think there will be opportunity to buy back in cheaper later - anyone selling 1,000 shares now at £9.70 could do well if the share price dropped back even to £8 - would either have 1200 odd shares or the same 1,000 shares and £1200 odd roughly in the bank - not a bad result.
I agree with what you're saying that an element of the rise could be shorts closing - but volume has been very light so I suppose share price changes in both directions are exaggerated in these circumstances but effectively a 34% rise in around 8 trading days to me is a bit too much and a bit too fast given the headwinds around inflation, increasing interest rates, Ukraine, supply chain issues etc, etc that the economies around the world are still facing.
From what I'm reading/hearing, a lot of commentators are thinking that the Nasdaq is near the bottom but is likely to have another leg down before we move forward - Bloomberg have been stating for most of this year that the "bear market" should end at the beginning of October and a new bull market will begin then - bring it on is all I can say as the continued downtrend that we have seen in an awful lot of shares since about March last year is very tiresome - hopefully we will start to see a better market soon.
The reason I mentioned about Nasdaq and another leg down is that some commentators on Bloomberg have said that they think the market have misinterpreted what the Fed were saying last week in respect of interest rates and are reading it that there won't be any more increases in rates whereas the Fed have made it clear that they will raise rates by another 0.75% in September - it could be that once the reality hits there will be the sell off but then that will be it - fingers crossed anyway.
It's been a nice rally over the last week or so but I'm not sure whether the gains will continue in the short term - there's too many headwinds at the moment for a sustained rally and the Nasdaq hit a double top yesterday and OCDO have hit one today at £9.50 which, according to technical analysis, is a negative for the share price - only time will tell I suppose.
Just discussed OCDO results - said that whilst the results for the retail side are disappointing, the solutions side is starting to show improvements and feels these aren't reflected in the share price.
No problem - at least today should see the end of the heatwave so normality can be restored.
I don't really disagree with what you're saying - I'm also an Ocado customer and the one thing that I have noticed is the number of texts I'm getting offering me free delivery or a one month free smart pass doesn't give me confidence on the retail side but I'm really hoping the solutions side of the business exceeds expectations.
Bank of America CEO came out and made a statement about the consumer in the US is still spending and that they see no sign that people are cutting back - it could be a combination of that and the shorts starting to close seeing as they've been making good profits and maybe don't want to push their luck.