Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
To be sold or banned…
https://www.theguardian.com/technology/2024/apr/23/senate-passes-bill-banning-tiktok-will-parent-company-sell?utm_term=6628b749e78e0e5955e7a9c023fe80c5&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email
So what about the UK then. Let’s hope common sense prevails.
If Facebook (which I refuse to use) wasn’t given free access to the Chinese Market then TikToc shouldn’t have been let in in here in the first place.
It’s about as much of what they can do as have done same as Huwai.
The West got to wean itself off Chinese dependence and others for that matter! We should have a baseline of autonomy.
Usual caveats
Trek
YU group. Director sells. If you are still in follow the directors while only down 5p. You can always buy again later.
Usual caveats
Trek
Probably a bit early for you here in the UK GG. But if you buy a stock at 0800, it then goes up 10p putting you in profit do you know you can then put a stop on above your buy price the same day and protect your gain.
Anyways when you wake up in La La Land and read my post don’t expect a reply as I will be out on the golf course with friends on this bright sunny day praising how fortunate we are to be able to own even one share in any company,
I won’t be engaging with you again. Now go and make the world a better place by sharing a little happiness and not bitterness.
Trek
“ Tesla reported earnings after the bell. Here are the results.
Earnings per share: 45 cents adjusted vs. 51 cents per share expected by LSEG
Revenue: $21.30 billion vs. $22.15 billion expected by LSEG
Wall Street is projecting revenue will drop 5.1% from $23.33 billion a year earlier, which would mark the first year-over-year drop in sales since 2020, when the Covid-19 pandemic disrupted production.
Tesla shares have plummeted 42% this year on concerns about weak deliveries, competition in China and the company’s ongoing price cuts. Earlier this month, Tesla reported an 8.5% year-over-year decline in vehicle deliveries for the first quarter.”
So question 1 is does a 9% revenue slide = the 42% drop in SP or is it oversold?
Question 2. Will the cost savings lead to a restoration in margins. Afterall he’s layed off thousands!
Ok those two are too difficult to answer. Try Question 3.
Is he a narcissistic twt?
lol!
Trek
Oil up 2% on slowing US manufacturing data = earlier rate rise.
Oil has held up well throughout period.
Chart on breakout. Experience says to buy shares that have reached highs. Even if they don’t go on right away they usual do to set several higher highs.
Then this divestments media noise is about!
Just seems like a perfect storm brewing here. I just don’t get why there are hardly any posters here.
For sure it’s not a ‘hot stock’ but it’s not done bad from 100p!
Usual caveats
Trek
Ps anyone looking for a small cap ‘hot stock’. Check out HEX. A US helium drilling outfit. Just IPO’d here, fully funded. Placing flip will finish soon then it should rerate. Just secured drill. V good punt IMO. Don’t see those that often.
May be averaging down. They took the bulk out in March. 880-890 ish.
https://www.lse.co.uk/share-prices/short-positions/funds/jpmorgan-asset-management-uk-ltd.html
US opened down was down about 2% probably looking at short.
On a positive if gives one a chance to get some extra yield!
JPM have been wrong so far. The long game here with the debt run off looks quite positive.
I guess for an institution the size of JPM they probably balance across books so averaging down here is pence to them.
Usual caveats
Trek
The one trade is a nonsense. I have seen stocks with 20 x 1 trades in a day and numerous other single digit trades.
The small trades or a dump of trades at the same time are usually liquidity trades by the MM or broker to move the SP or to hold it up.
There is some reference to them here in the LSE handbook.
‘Definition: market making incentive schemes that the Exchange is mandated to offer under Article 48(2)(b) of MiFID and Article 1 of Commission Delegated Regulation (EU) 2017/578
Page 58 covers it and also ALGO trades.
https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf
MiFID2 MM agmt tab...
https://docs.londonstockexchange.com/sites/default/files/documents/20200401%20MIT%20&%20TE%20Parameters%20version%207.2.xls
Usual caveats
Trek
Just refinancing. Of the 9m only 800k is for working capital rest is to pay debt with debt on better terms keeping it within the family!
They have added in the CSS sale (RNS 20th March) to further reduce debt and provide working capital.
Looks like a sensible way to spend the windfall avoiding equity dilution. Would rather they got rid of another lump of CSS though to further reduce debt but then the redemption terms seem quite onerous in favour of Dickson. There’s always something with these ‘nepotistic’ deals but with the Dickson’s owning 53.91% of the company and holdsworth adding since the Nex listing at much higher sp; I think this package will be fine esp given directors are in at higher levels.
Could do with some more divestment news though to claw back to the 20’s!
Usual caveats
Trek
Big move up today for here. 12 month high & 5 year intra day high. Have to go back to 2015 to beat 155.
I suspect the 158 prints are buys. Probably an order called for as we are up on relatively little volume.
I think the double divi works out to about 4.6p in my ISA so something else must surely be causing the rise.
Re the arbitrage. I am not aware that the shares are transferable. They are dual listed with a quantity on each exchange.
Usual caveats
Trek
Don’t underestimate the power of Bo’s contacts in getting this rig. Personally I think it was lined up ages ago. Probably before the IPO and just box ticked now.
‘ Mr Stenger has worked with this specific Rig for 20 years and so he is well versed in delivering safe and effective operations on this equipment. Mr Stenger also has experience drilling helium, having previously worked with CEO Bo Sears in helium exploration drilling in Montana using the Cardwell Rig.’
This is why it’s very different having the experience of Bo at the helm. It should run smoother.
We have a rig with spares and a very experienced crew that have also drilled for helium before.
They will know how to set it up what mud to use, how to cost effectively and safely case. Everything. It’s all been done before. We even know the geo yields helium!
I wouldn’t be surprised if the usefulness of Bo’s contacts help with getting the permitting done seamlessly and also customer delivery further on down the line. He will also know who to speak to about any offtake JV.
This is not a virgin drill in some remote place with complex regulations and a lack of spares. It’s just another well in Montana. Just happens to be helium!
Usual caveats
Trek
Oh I ain’t going to over ramp it. But I think I have earnt the right to post one here.
Check out HEX, a US helium play. Just IPO’d. I know there are some geo knowledgeable investors here that can figure it out for themselves but you may not have heard of it. A home for some change!
Good luck
Usual caveats
Trek
Absolutely thrilled that we have had some news and the SP has held!
Next news it may even go up!
Trek
EST - well done guys! I would have thought that would be a good JV for CAML rather than that Scottish start up they have backed. At least there’s a JORC pending!
Usual caveats
Trek
AVCT - haven’t followed em for a while now.
Ouch!
“ The Board carefully considered the difficult balance between further dilution and the Group's cash resources to deliver key value adding milestones from the upcoming AVA6000 efficacy studies. On this occasion the Board has decided to settle the quarterly repayment in shares but will continue to review this on a quarterly basis and, if it considers that conditions allow, the repayment will be settled in cash.
After settlement of the quarterly repayment, the principal remaining under the Convertible Bonds will be reduced by £2.55 million to £35.70 million.”
I mean talk about telegramming and opportunity to the shorters!
They only sliced 2.55m from the 38m debt and the sp tanks 8%. If they carry on with the dilution the SP will be negative!
Usual caveats
Trek
In in time. Once it holds the 11p close that could be the signal new money has been waiting for.
With so many investments going below the placing price folk are rightly cautious and look for momentum before buying. Not saying that that is now but it could well be soon.
Those of us invested now knew the risks of a dip below the placing price. But we also appreciate with so many shares tightly held, and logically the newsflow, any pullback should recover relatively quickly.
I think it hasn’t dipped because the 100k trades have been orchestrated in an orderly market where the general consensus is that the current mcap offers the chance of plenty of upside.
Imo this will do 1 or 2p in a single day soon. Then it will get noticed and folk will get their slide rules out!
Usual caveats
Trek
Open 1074, low 1076, high 1099, source google finance.
You must have had a bet on hickster. Obviously as surprised as I am!
Good luck
Trek
I held rqih years back. Can’t believe the sp now!
Pxc - they are waiting for the bonds to be signed off. The thing is they don’t have much cash left. Running on a Riverfort loan atm.
Riverfort will need paying and they don’t have any production to pay the first bond payment.
I cant see the financiers allowing them to pay the first bond payment with the bond money. It don’t work like that.
The best they get is to roll up the debt. But then Riverfort need paying.
If they can use the bond money for that all well and good but I suspect the bond investors will hand over cash for capex investment. To build the mine. Not to pay off one credit card with another.
Expect an equity raise even if they land the bonds imo. So sell the news! You can always buy back in after a likely rise.
Usual caveats
Trek
Good Monday so far.
My buys from last week and today in MNG, PHNX, SEPL, DEC and HEX all now in the money. Just PAF having a down day following POG pullback. Next Ops update should be good there though.
Read through the smallcap RNS’s this morning. The news at BSE, MTEC and APTA just show how undervalued some stocks are. Even at GSE where the market is still not convinced atm I think they will pop soon.
I only added to HEX though. Always prioritise funded with cash in the bank. Should be some bigger moves there soon. I have been tracking the volume and in the absence of TR1’s I am inclined to think that the MM’s have been taking on stock to sell back. Probably in parallel with a T20.
They bat both ways, so the opposite to the run down at HE1. With the pending newsflow and relatively few shares they can spike it up quite easily imo! Hence I have gone overweight with a view to slicing some along the way.
Usual caveats
Trek
PAY - I knew the market had it wrong!
My previous posts testify to that. They are about to instigate a buy back. For transparency I don’t hold for no other reason than I chased higher yield elsewhere.
Don’t be surprised is a bid for them isn’t forthcoming. Look at the share register!
Usual caveats
Trek
Hi Jethro,
“ Future additional funding is, of course, inevitable,‘
On that I think there are options.
Whilst some working capital may be needed ahead of sales, if HEX get lucky on the first drill which is likely given the shows and geo then I think the Bod will go down a completely different route to HE1.
If HEX can flow helium to the surface then given the relatively cheap infrastructure I would not be surprised to see a customer step in or even the DOE or both to achieve security of supply.
What are we talking, 10m for offtake or even split it between two customers and they get exclusivity. It’s a lot for us but not for the majors.
With Bo’s contacts expect the unexpected imo.
Anyway getting ahead of oneself.
Let’s finish the scoping and get a good rig deal, there’s plenty of rigs parked up!
Usual caveats
Trek