Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Don't think anyone here knows & surprised we don't get updates regarding these court decisions but haven't in the past such as the outcome of the Markman Hearing so until something happens such as a settlement we may not find out.
To those who may make a small fortune from here good look to you but it should never have got to this situation. Aim is a pile of ****e nasdaq can not come soon enough. Best of look to the lth's here that probably like the BoD's need this to be valued at least in the range of 2 to 300m to see any returns. Still hoping for a positive outcome if the machine & technology works as we've been told difficult to see how it will not command a sensible price. Competitors in this market wouldn't want to pass an opportunity to gain a huge advantage. Although as has been said avo may not be in as strong a position as they would wish a few interested companies might start a bidding war we hope!
Well done m44 as a lth my average is way more than these low levels. Although I've been lowering my average to what i thought was a good level just couldn't buy more at these rock bottom prices which with wonderful hindsight would have allowed me to also be in profit. Whether that happens is to be seen hopefully a deal for the benefit of loyal lth's will be secured.
As was expected by many including myself however I was of the opinion this would happen to meet the demand for all the orders not to secure finance to complete the process. Let's hope there is strong interest and not a giveaway. Someone like Siemens would do with a reasonable offer pls.
You would think it is them selling out completely after their last disposal. Can't really see a positive if it is other than at least someone is buying their shares and when they've finished hopefully that will be the last of such high volume selling. Some news on progress on items in the operational update would be welcome whilst we wait for news on financing. Does look grim at present feels like 230MeV has sapped the life out of the machine. Really have no idea how this is going to play out now but seems a bit surreal after all the years of development to finally achieve a working system and the company looking like it is on it's knees. Hoping for positive news soon for us lth's would love to hear the views of some of the heavily invested BoD's and how they feel about the millions they have invested need mr serandour to step up to the plate and navigate this ship out of this difficult situation.
Just read a bit more and the beam time application is nothing to do with Light. Seems to be exploring a new technology called Heavy Ion Therapy. Must be something else coming out of CERN if it's anything like Light could be quite a few years away.
If you open this link firstly impressive profiles from the 3 ADAM presenters with Steve Myers a familiar name here. If you then click the apply for beamtime link you'll find an application that looks like you are submitting patient information for consideration to be treated by Light. I may have misunderstood as originally thought the link was to attend a seminar so be interested to hear others thoughts on this. It does give the impression that ADAM are carrying out far more research and development work than we get to hear about. I guess there is much more going on away from Daresbury that we just don't realise or know about.
The mcap was down at this level back in 2017 when they got involved in the bracknor funding. They managed to sort out proper funding back then, hopefully they can do it again. They're far more advanced than back then but the availability of funds perhaps a bit trickier. Should hear something by the end of this month on either more CLN's, debt or equity finance. Anyone will do at this stage!
Possibly but I was thinking more on the lines that the approx £500k to £1m share sale whilst at a substantial loss would benefit from around 10% interest, 20% discount on next placing and 10yrs of income from Harley St returning a 150% gain. The funds would contribute towards avo's progress which would hopefully benefit the remaining 15m shares held. Probably pie in the sky but I'm struggling to see why they would sell out now unless some bad news is on it's way but then why would all the directors throw even more money at the project. Difficult one this to fathom and so unexpected considering the technical progress achieved after all these years waiting. They really needed to have something else under their hat like a bunch of orders to surprise the market which seems to have just used this expectation to manipulate and fleece investors. It's made nicholas serandour considering his financial background appear niave in letting them become so exposed to the current funding difficulties. Might be harsh with unexpected world events but that's what they are paid for hopefully he'll earn his money being he's one of the least financially committed directors.
Well said IWTO need a bit of positivity here, there are many good reasons to want this to succeed.
I didn't get to the investor day to see the machine but from what you can see on their website if it works as claimed it is difficult to comprehend this share price.
An update on the progress UHB are making and the additional building works at Daresbury for patient treatment would be reassuring.
Maybe the BoD have it all in hand as per the update and are resigned to the fact the the SP on AIM is sometimes an uncontrollable beast.
Fair assessment IWTO and in hindsight correct but I do think the company expected a much higher price and demand for shares following news of 230MeV. In fact if this was listed anywhere but AIM that probably would have been the outcome. Like you I also believe they will secure the funds but with the current sp to keep existing share holders happy will need to be almost on a charitable basis.
If they sort this out coupled with the money they have personally invested perhaps they'll be forgiven for all the previous shenanigans.
It is difficult to fathom what is going on here. Whilst the $16b Siemens paid for Varian is not a direct comparison if you bought avo today for £500m, £100m to complete accreditation, £250m to build 10 machines and sell them to the ever growing pipeline you've not even spent £1b and would be in an incredibly strong position in this market.
I guess we'll find out but hopefully AIM has got this completely wrong and somehow they can sort the funds out to get this finished.
It's already been said but can't place less than 25p unless there's a consolidation and I can't imagine how that would work with all these warrants and long-term holders in at much higher prices. They need to produce a bit a financial wizardry to keep everyone happy.
I think the only reason this hasn't been taken over is due to the amount of shares purchased by directors around the £1 mark. Be interesting to see what would happen if a bid around 600m came in with all the future finance and resources to get this to market much quicker. This next fundraise will be the last of this kind in my opinion. Once they complete accreditation if they're not flooded with orders and deposits to fund mass commercialisation I don't see any other option but a take over. The only positive I can take from here is that if the machine works as expected one way or another I believe the sp will be worth much more.
Agreed ng I'm sure they have and will gladly sell them all back at over inflated prices at the sniff of good news. Being a lth on aim is not for the faint hearted. How on earth companies successfully raise funds here to develop and grow businesses is a minor miracle. The II's who invest here must receive very reassuring communication to remain invested for the long term gains. The drops on poor news are horrendous, gains on great news never sustained and the the sp climbs without any real news....all a mystery to me but looking forwards to the sales returning to growth.