Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Oh dear ! I hope not , some "authorities " are encouraging banks to forgo divs but I don't think that includes insurance insurance companies anyway LGEN is not a pure insurance company.
No doubt the " authorities "will be supplying some lame reason for the request , but the reality is that they are worried that our vigorously stress tested banks will require yet another funny money QE bail out when millions of "good" loans suddenly turn " bad " in the near future.
It would be rather fitting and neat if after the first foolhardy bail out in 2008/9 they require another one in 2020/1 for somewhat better reasons . It would even things up as well because by then just about the whole of the economy will be running on funny money so why leave out the banks .
to be a realization that this is oversold relative to the market.
But what happens when all this money printing does not revive things ? Print some more ? Give us all large cheques ? Confiscate assets ? Turn to communism because capitalism has failed ?
Even without the virus the ever increasing debt as a result of QE would eventually have to hit home , probably in a lack of confidence in the integrity of " money " and the financial system . Open ended money printing can only result in a devalued belief in the system and a move to real assets some of which might be in short supply the main one being food and the result would be a price inflation which the central bankers could do nothing about .
Yep looks like this is a ridiculous bargain where the virus is concerned , but being a well traded large cap somewhat tied to the British economy this will move with derivatives, automated trading and the outlook for the economy which is dire.
The government is telling consumers to stop consuming whilst at the same time proposing large gov backed loans to failing enterprises dependent on the consumer all paid for by non existent tax receipts , £200 billion printed money and borrowings. They also propose paying part of the wage bill , they are having a laugh. The 200billion will be will be just the starter for a very large main course .
The majority of the loans will not be paid back, the benefits bill will soar and the GDP figures ( if they are truthful ) will be horrendous . No entity will be taking on British Gov debt unless they are rewarded with a very healthy interest rate and then we will see who was swimming naked .
Lgen can weather these storms and could even prosper as a beacon of stability in an uncertain market I certainly hope so as I hold quite a few.
Gawd ! Football has been cancelled we are already in recession
those smooth talking black suits @ the BOE have collectively used their vast intellect to lower near zero interest rates by a near zero amount to near zero . That will do the trick . Sorted
So the Chancellor is going to splash the cash on absolutely everything . Sorted
So we are broke , but those kindly donors er investors in"Great British debt"are going to fund the jamboree for us . Sorted
So with Brexit looming will Johny Foreigner donate er lend the funding wonga @ silly rates ? Probably not , but no problem another QE printing splurge will make up any shortfall . Sorted.
Hi Max Joe Blogs is the mug who is silly enough to pay tax or maybe I should say poor enough to pay income tax , that would be me probably you and a large chunk of the population. We have been utterly shafted , the mantra at the time was " too big to fail " utter rollocks the foundation of capitalism is that you live or die by your actions . The bankers moronic enough to ulilize derivatives which they did not understand should have paid the price for their stupidity . They should not have been bailed out , the tax payer is still paying the price in the form of QE money printing and ultra low interest rates . QE was supposed to be a temporary measure it now looks like it is staying put . The 2008 crisis was the result of dishonesty it is notable that as far as I know no cell doors have been opened.
Yes I suppose I could have not used the "r" but I try to be polite . I get a very queasy feeling about some members of our current government and doubt their honourable intention , some of them may have taken note of the feeding frenzy in 2008 and the lack of reproach and reprisal and act accordingly .
ATB
Yes
Great results but nothing will move this for now , casapinos below is correct stating that hold this for long enough collect the div and normal service will eventually resume . Within a year we have two potential market related problems and the most lethal for your short term finances is not the virus.
The media frenzy started about 3 months ago, since then worldwide there have been less than 4000 deaths according to the BBC ( I have not researched ) worldwide there are 40000 daily deaths related to TB add to this the preventable deaths related to smoking / alcohol / drugs and obesity and the virus would pale into insignificance . The worst possible outcome would be if the virus mutates and becomes more contagious thereby infecting 100 % of the population even then 98 % would feel a bit rough for a few days and some would have no ill effects . The vulnerable 2% would suffer and some would die but that's life , excuse the pun . Mankind has been exposed disease since walking upright and we are still here .
Our proxy President Dominic Cummings I suspect is rather keen on a hard landing no deal Brexit so that the UK can become a tiger economy within Europe , indeed the government takes every chance to state that they will walk away from the negotiations. When this is achieved the market and £ will truly plummet .
Joe Blogs bailed out the greedy bankers 12 years ago , it could yet happen that Joe will be making very generous donations from his market related pension fund to already rich individuals in order to make them Billionaires .
If the more elderly populace is suddenly going into decline as a result of a deadly virus ( which I very much doubt ) this company could save a fortune in unpaid annuities over many decades .
OK it could also cost them a lot for life insurance claims, but the former value would far exceed the latter.
Yep good luck .
I actually bought last week when it was hitting new lows on worries over trade tensions and commodity prices . Consider that I got it at a bargain price so not worried . Markets often over react in both directions . Now this is being hit by virus concerns , which IMO are vastly over rated. Economic activity will probably fall but it will recover the Yanks reckon they will develop a vaccine within 3 months and anyway the virus is no worse than the flu.
A + here is that earnings are in $ the £ is falling today on tough talk by Boris so the weak £ will assist
ATB
Great post, I just wish that type of action would happen in the UK and with the directors being held personally liable for their actions . It would clean up the corrupt FTSE overnight.
Relatively subdued sell off today compared to other well traded large caps so it might be reaching a bottom ,and a very solid div is coming up . Probably an ideal time to buy is about now because it is just about impossible to forecast a bottom / high and time the market exactly .
Certainly at a mouth watering low .
ATB
creeping up but still available at half price
Just spotted the opening trade @ 558 .
There can be only one reason for opening it there and that is to attempt to knock out stop losses and pick up more shares on the cheap. They patently failed .
The blatant manipulation that occurs in the " free and fair " FTSE is something to behold.
in conjunction with a ( very convenient ?) broker downgrade have added to their short near the recent top , so it is very possible that this will make a swift recovery as they buy back to take profit.
A divi is also coming up which should add to any impetus .
That would explain it , cheers
That would be nice , but more likely a realization that the fall on the 7th was overdone.
I actually liked the RNS because it shows that the board is serious about transparency .
eccles you are spot on " downright stupid at times " unless day traders are selling I cannot imagine selling up here .
Must be automated trading untouched by a logical human hand.
Showing no open short positions so they are now under .5% and not worth worrying about.
They probably made a very expensive gamble on the outcome of the general election . Cannot be bothered to do the maths but if they have fully closed it has cost them many millions.
Nigel Wilson has just been interviewed on Bloomberg TV
Only the most influential and world leading company CEO's get that privilege .
Stated that the company is having a record breaking year
eccles you probably will get your chance to buy some more .
Trade talks between B.J. ( unfortunate initials ) and the genius trump will start when Brexit is accomplished in the near future . It is a near certainty that a certain twitter feed will state that the talks have hit an impasse , resulting in a very decent market decline , buy then because the same twitter feed days / weeks later will probably state that a comprehensive and great agreement is about to be signed resulting in a very decent market rise .
Everyone is is a winner truly brilliant.