Member Info for vzjmh0

CTL is a junior miner, their whole business plan relies on placings/dilutions until they start production. If you think this placing is bad, wait until they have to find the cash for £750m for production build. For LTH's 6p isnt that bad.

Surely its only a matter of time before Harbour dumps its UK listing and relists in the US where they value profitable companies. This latest tax "adjustment" must be the final nail in the coffin?

Most AIM miners are, these days, at the mercy of regulatory red tape and so they've become patience plays. Some miners go months without releasing anything. Others like CTL release more often, even if its just "doing more tests". At least investors can see they are doing something and are kept engaged.

Unlike established miners, small cap miners are, by their nature, "jam tomorrow" investments, if they werent, nobody would invest in them. The real art is to pick the ones with a credible management team, product and cost and a market that wants what they produce.

(Daltry) We are at this price because of the large holder dumping their shares. But there were plenty of buyers to pick up the share at bargain prices. I've seen the same situation many times before in AIM miners. Ratification is only a matter of time and then we'll see the price pick up. So unless there is some sort of disaster, this will not get to 5p.

Thinking about your ASX point, I wonder has someone got wind of the listing price for the ASX listing? Its due to happen later this month or next month and odds are it'll be in the upper 7's or lower 8's.

Vizzi

You are probably right, like everything else in the UK its gone to sh*t. And to think we were once the finance capital of the world now all we are good for is taxing and red tape!

Who'd have thought we'd be back in the 7's?

I was merely making an observation. I didn't think me holding stock or not was important.

Vizzi

Says who? I hold plenty. Even bought today.

Vizzi

I hope the board are planning to blow our socks off on 22nd otherwise this drift will become a rout.

30-40p by YE would be great but CTL have to find a huge amount of capex to fund the build, and with production therefore revenue still 2 years away, they will have to do an offtake deal which with either a huge dilution or reduction in NPV, For that reason, I cant see it getting above 20p still not a bad increase but happy to be proved wrong.

Vizzi

FR, yeah we'll find later he's a relation or a buddy of Mellon.

Anyway, its been a few weeks since the long awaited presentation was cancelled, has someone checked up on the alleged "sick person ", are they still with us or was it all just an elaborate "my dog ate my homework" excuse just to get out of having to make a threadbare presentation.

So the market is saying the update was OK, not impressed, not disappointed. Here's hoping this doesnt drift lower until the CEOL is ratified. Thats the game changer.

VZ

You can thank our hard working directors for that. And Bob McDonald is certainly earning his keep. (Sarcasm soothes the soul).

VZ

Q2 is knocking and its all quiet on the eastern front. It seems the SL government and civil service are as useless and incompetent as our own "world class" civil service. 6 months to implement new mining regulations when the country is on its knees, desperate for foreign capital and income.

did our illustrious board forget they promised us shareholders a plan on what they plan do do with this fund some weeks ago or did the *** packet it was written on blow away in the wind? is it any wonder we are at 3p and falling!

Pretty good derisking RNS. All we need now is for the SL government to pull their finger out and get on with rolling out the minerals policy and start approving IML's.

SP pretty muted, I guess everyone is piling into oil and defense today

Great start to our brave new world; one person gets ill and the company can't function.

I'm pretty sure MGM must be eyeing up this slump in share price. With a valuation of now around £3.5B, an incoherent board and pi**ed off shareholders, they've never had a better time to make an offer. If not MGM, PE could also make a bid and break up the company, the parts must now be greater than the whole.

This is a major hurdle overcome so am a bit surprised its barely moving the dial.