Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I have to agree with the negative commentary surrounding Kibo .
BIG mistake .
Unfortunately we seem to have been sucked into a Black Hole on the way to Pluto .
We desperately need a quality partnership , strategy rethink urgently required ~ imo .
It`s such a shame because I do believe the product to be transformational .
Thanks TC , I can`t remember the context . Anyway SO much news to come .
A positive arrangement should , I hope (!) , have a disproportionate effect on this current ridiculously depressed valuation .
Unfortunately , confidence and patience would seem to have been damaged by the constant selling over the last eight weeks . Such a shame . While those big sales orders appear to have stopped , it seems there has been some collateral damage and that small scale selling over the last few days has been primarily by PI`s .
A reversal in demand will probably be equally as dramatic as the recent fall .
Ah well ! That`s AIM for you !
I do wonder if people are persuaded by such posts . eg :
Is 1 post RicTRICKS looking for a lower entry point ?
Is 1 post RicTRICKS looking to extend or close a short position ?
Is 1 post RicTRICKS looking to assist investors in making a balanced investment decision ?
You`ll never know !
Aandi : In that segment DP says :
~ " More rapidly funding , and capacity building " ~
This is precisely one of the key problem areas that I feel the Company are struggling with ; it`s all very well having a huge pipeline of potential projects and the potential might be worth many millions but these are merely hopes and aspirations until funding is available to progress their development . That`s why DP goes on to say they are prioritising those with the best possible COS .
It`s all about money and while marketing the concept may be at an acceptable level , at this stage they have to SELL it to DEVELOP it . At some stage we may start realising critical mass and these projects can be vigorously persued , for the moment we have to sell , sell , sell !
Is their `Sales Strategy` working , can it be improved , have we got the right people ~ we must effect closures .
I have no doubts about the efficacy or potential of the product , however at this point we are a very small operation swimming in a very big sea .
That`s why I have concerns about funding and why we probably need an enthusiastic committed partnership .
I don`t pretend to be an expert in this field , but the concept is very exciting and one that the World needs , just my opinion .
ATB
DerSack ~~~ As usual , your cogent , considered , positive post in support of the Company and an excellent rebuff to my negative take on the meeting .
Regarding revenue ~ and this is desperately needed ; I also noted the 9m with the almost throwaway comment ` Expect triple that by EOY` . Well , how I really hope that becomes a reality because it would go a long way to cancel many of the negative factors impacting current enthusiasm for the business .
I had hope progress would have been much faster on so many fronts , I misjudged that one and I think the various delays have had a seriously damaging impact on the business and its credibility . It`s all very well to say :
` We may be going slowly but we are getting it right ` and certainly `Getting it right` is crucially important .
FWIW , I think they have to up their efforts on the marketing and selling side of the business and push much harder for the support of Governments . I`m disappointed that there seems to be a lack of environmental support from authorities who really should capitalise on the current demand from green alternatives and waste issues .
Have we got the right people selling the story ?
In parallel , demonstrating rapidly improving revenue generation would go a long way to reigniting enthusiasm for the Company at the investment level .
Let`s hope they pull that one off and we have that revenue at some 30 M asap !
Regards
V111JAS.
What Scruffy meeting on so many levels ~~~ imo .
* Nothing new , little progress ~ afaics .
* Huge competition ~ Denied I believe .
* Sector lacking foresight , investment and commitment ~ unattractive .
* Pedantic project progress .
* Expectations / hopes of 2019 have not (as yet ) materialised .
* Closures ~ ?
* Marketing / selling the tech ~ new thinking / people required .
* Revenue generation ~ perhaps manyana ~ perhaps .
* Strategy ~ based on `Others` financial commitment . Realism ~ ?
* Financial position ~ questionable .
* Cash Raise ~ Let`s hope not at these levels .
* Short / medium term limited potential ~ perhaps left field opportunity .
* BoD performance ~ DP just ok , JVL quite good .
* Chairman ~ replacement required .
* Overall ~ Uninspiring , non motivational .
* Conclusion :
IF all goes to plan , a long term possible success story .
Perhaps a some meaningful partnership or even an outright sale for shareholder return .
I still hold a few , but ;
not difficult to see why Amati are dumping .
This is very sad because it`s a Tech we all need , and it`s disappointing to see that Governments have been reluctant to promote .
Sorry to be so negative .
GLA
Where has this 18 months suddenly appeared from ? ~~~ Answer not required .
One of the primary prerequisites for investing in any business the quality of the Management .
As you state your intense dissatisfaction with this BOD , perhaps you should seriously consider moving elsewhere .
What IS the point of consistently visiting a discussion moaning , whinging and whining about the Company in which you
~ Apparently ~ hold a financial interest ?
It makes absolutely NO sense at all ~
Unless of course ......
LOL ! Exactly ~ I`ve been asking the same questions for weeks !
I would just add to that mix :
The 5p placing was `Oversubscribed` , the 12M shares set aside for PI`s were never available and there have been no declarations or TR1`s . Strange in the context of the size of the placing .
If the placing ~ IF ~ was not oversubscribed , then the PI shares would unlikely to have been taken up . IF ~ that were the case the placing might have been in danger of crashing below (perhaps well below) the 5p level . A very big set back for this fledgling business .
The sp had made extraordinary progress over the previous year c. 1p to c. 8p . The 5p placing was a big discount but remember that the 240Million new shares was also a huge volume to digest .
I think this is why we have been `Trailing Weed` ever since January 26th .
Oh the Conspiracies !
Just my own musings , no proof , but also no real explanations , SO ~
I remain suspicious that TPI are behind this mystery , they took the stock and have dripped fed it back into the market .
(and if not , they definitely DO know what`s been going on ~ and So will CH )
Just as well there `seems` to be no need for additional cash ~ apparently !
Hoping that this episode is now closed and we can at last move on , but that 5p dump most definitely stultified enthusiasm .
VGLA
I watched the presentation again and it has only heightened my enthusiasm for the Company and its Management .
CH has been very forthcoming about is strategy and forward plans , i dont see how you could ask for much more , but clearly he can not give precise dates and times .
During the past week I felt that the trading pattern since the sp fall in April had changed , the 100k+ multiples have dwindled away . Does this suggest `The Churn` is over and trades are now predominately frustrated PI`s and portfolio adjustments ?
It`s interesting that we are now back to that long , solid , tried and trusted (!) 5p which hardly gives fair value for our current production and earnings of c. $10m/month . No enterprise value . No forward looking development value . No acclaim for the detailed CPR . No consideration of forward earnings . I find all that just a little (!) odd . I got the impression that CH also feels that the current sp should be a lot higher at this stage ( perhaps 9p /10p ?) presumably why he has fired up Flagstaff to bend a few ears .
100p per share ? Well , I don`t think that slide with a 90p topside was a typo , future value projections have obviously been discussed and while it may look a stretch from today`s paltry 5p , I certainly would not rule it out over the medium / longer term , but I suspect we are more likely to fall victim to some predator long before we get there .
Great Company , Great Management , Great Potential ......... Perception is likely to change in the blink of an eye and this AIM market is completely irrational .
VGLA
Rarely do you witness such professionalism , foresight and openness from a CEO , close to never in the AIM market .
Understanding the timescales and complexities of the O&G is surely a precursor to making any investment in this industry .
With regard to the building of Rome , if I remember correctly none of the Twelve Caesars were obsessed with premature ejaculation , they just got on with the job !
Thebhoys ~ Most certainly that 5p placing , it`s obvious ! ~imho .
Yes , this site is a total mess , Posts disappear , I have to keep signing in , it`s always crashing etc
Then they keep asking me for a premium membership ! Are they kidding ?
Very encouraging RNS this am , this blip will eventually fade away .
ATB