Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I see a familiar named poster on here giving price movements etc. although not indicating if they are a buyer/seller/holder.
They gave a daily briefing on share buy-backs of Inland Homes Plc (big yawn) which promptly went bankrupt so I'm guessing a large loss was suffered on the stock by the poster.
Charts are interesting , my guess is that the poster isn't.....
You are spot on Porky9. Revenue is good but costs and profit and opportunity costs are the keys to the company's survival.
The shares remain unattractive at this point. Ignore the persistent cheerleaders who are probably deep in the red here and time will tell whether there is a serious amount of profit to be made by investors parting with their cash when the risk/reward looks to be improving somewhat.
Well, buysellfredmcfc, I'm not a clown as it's turned out, am i?
Looking forward to seeing charges brought against the former directors as the related party issue findings are published, must be time now surely, which could be far reaching, a sad ending to what was once an interesting business but was run as a private enterprise and not for the benefit of the non-director shareholders.
The SP fall which is now likely to continue in the short-term might well see it reach bargain buy status
I think its far too early to punt on this and the flurry of chunky sells late on yesterday bears this out. Vaping isn't a good look given the modern trend to healthy living and better to quit the smoking habit completely and save the money for other things. LTH's are largely wiped out and there are numerous better companies around to invest in at far less risk than this one.
I agree. Usually a bad tactic to jump fully in on a spike like yesterday's as miners are a long-term play so drip, drip buys on any drift backs usually works rather better.
My apologies. I shall cease commenting from now on but i just hope that any readers of my previous comments were moved into selling their holdings to avoid incurring escalating losses here.
If investors weren't worried enough already they certainly will be more so now!
The investigation might take a fair bit longer to conclude as it shouldn't just address the current one/s but would look back over the past 5-10 years to see whether other significant transactions were unreported etc.
Looks like this is now a non-runner as who would want to pay that price which is almost double the current SP.
Today's update of incoming funds will help keep the lights on at HQ and to fund the CEO's salary plus Wicks' monthly consultancy fees.
Management has let the company down badly so, a la THFC, should now give the man at the top the big Heave-Ho.
Its tempting to hope for better times but with the same top guy on board one can only really expect to see the same results.
Ah, thanks for that. I like a bit of delving being a forensic accountant myself. IF it was that transaction then someone or someones are probably not sleeping very well right now.
Do the published statements name the buyer of those plots as it might then require just a quick check on Companies House to ID the related party?
Company hoping to raise money at a SP 50% ABOVE the current price when investors are already bailing out. Those who might wish to buy at 10p are probably those already heavily invested so thinking this top up might be there only hope of salvaging their existing pot. Why take such an enormous risk, the future here is very bleak.
Plus, those related party matters are still unclear. Surely they are pretty fact based so can be disclosed now to reduce the worry a bit that some insiders have been doing some naughty things.
Aged 74. Hopefully he'll be aware of the related party relationship laws. No news yet on that front.
Lots more news to come....