Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sadly this is still a traders share where the instos and algos can move this up or down pretty much at will. I was hoping that the disconnect between SP and company fundamentals was starting to be addressed but clearly the SP can still be manipulated independently of company performance.
What that list shows is how Fooler has been a master at managing expectations. Each one of those contracts / agreements / opportunities has been portrayed at some point as being a significant and positive achievement which will deliver for the business and shareholders - supported obviously by the associated fund raisings necessary to make each of them a success.
Clearly the reality has been pretty much a failure on all fronts but Fooler has spent the last 10 years getting away with repeatedly spinning new successes which turn out to be failures - after he’s taken the money.
IPOs get smashed soon after coming to the market. FTSE no higher than it was more than 20 years ago. The hedge funds and spivs are sucking the life out of UK listings so no wonder companies are trying to turn their back here.
If this went in to administration wouldn’t BOO lose out just like any other shareholder. They may be at the front of the queue to buy out of admin but their not increased holding wouldn’t have made a difference. I may be wrong but them buying an increased stake would be a waste of money and lost if this goes in to administration?
Fooler has run out of road. In previous years they’ve been able to raise off the back of contract hype with the hope that the SP can recover after a raise to allow for a rinse and repeat.
He’s now admitted that they can eke out cash until the end of 2023 so long as they don’t need any money for contracts, if any of them actually materialise.
I’d be concerned that the section on financing at the bottom of the RNS has been carefully worded and doesn’t discount dilutive finance options. It might end up that any contract wins result in death spiral financing which, whilst keeping the company afloat will once again be painful for holders.
Let’s be clear, if there is any potential of this being taken private the 170p level from a few months ago has absolutely no bearing. There was nothing legally binding in there that set some floor on the price at that level and there’s nothing to say therefore that any offer could be much lower. Just look at TED to see the difference between what is potentially offered ant what is eventually accepted.
Down nearly 20% in a week on no news. That’s on a stock that has been continually battered down for the last couple of months.
Hard to see where this will go. No support, no sentiment, bots killing it day after day.
This should rebrand to The Hurt Group.