Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
ah thanks for the clarification - i also thought the thread title meant it was Burford. Regardless, my burford shares have been doing quite well recently (although still not quite back at breakeven following the muddy waters attack). I seem to spend most my time these days waiting for my dogs to get back to breakeven - and yes I know that is the classic investor 101 mistake to make.
I'm similar Intrusive. Whilst i have a fair wad invested here, it's not enough to worry me if it fell to nil. Happy to just sit tight and see what happens. Yes it's somewhat upsetting to see what my stake was worth at 810am last Friday and what it's worth now. But i'd mentally written this investment off back when the price was around 8p so I can't get too agitated by the recent machinations.
122k shares at average cost of 37p for me. Been in since 2014 - yes, I'm one of those LTHs that was paying over £1 per share at the beginning of this long and winding road!
Definitely wishing i'd sold ITM at £5! As others have said, hindsight is a wonderful thing. And yes, was definitely greedy thinking it could go higher. Hopefully not falling into the same trap by not selling my Nano holding today...
Was just reflecting that my two most significant single-stock holdings are Nano and ITM Power. About a year ago, massive paper profits on ITM were offsetting my steep LTH Nano losses. Today, situation completely reversed. Funny old world. Can't decide whether this is excellent 2-stock diversification or just extremely crappy stock-picking in recent years. Most likely the latter.
Sadly, can't use my pension as it's a DC scheme with my company and they just invest in the Vanguard Lifestrategy funds. Plus i'm only allowed to put in 4k a year anyway which the company does, so i just let it run in the background. Of my ISA/Trading accounts, as at today's price Nanoco now represents 16%, which is frankly ridiculously high but is a function of the recent price rise and the fact i've ploughed so much in since December 2014.
For the holding outside of my ISA wrapper, if we win big i will sell down in tranches over next few years within the annual £12k'ish allowance, whilst keeping my fingers crossed that the share price doesn't subsequently tank again! That said, I do have a couple of other stinkers in that account which i may finally just give up on and utilise the losses against any Nanoco profits.
Ah understood NGR. Well done. I first got in at around £1 but got cold feet on averaging down once I got to around 37p or so! Wish I’d kept topping up into the teens now! Still it’s ended up being my largest individual holding somehow so can’t complain at recent movements :-)
If it is Burford Capital that's funding the litigation, then I may be able to double-dip the upside here as Burford is another one of my former portfolio stars now sitting on a hefty loss that it's failed to recover from since the Muddy Waters attack a few years ago. Like Nanoco, my stupid emotional tie or reluctance to crystallise losses has led this to just stagnate at the bottom of my portfolio. Fingers crossed it's them funding Nanoco and a possible 2x red to black for my portfolio in the near future! (apologies BC for hijacking your post - i couldn't find the one earlier this week that referenced burford).
My my, I never thought I'd see the day. Having averaged down from the heady highs of £1+ to a current average of 37p, I thought this particular part of my portfolio was only ever going to be good for some tax losses. I had to blink a few times when i logged into my account this morning when i saw a few grand profit. Wonders will never cease! If I recall correctly there was a 2-3 day period in Summer around 3 years ago where i was fleetingly in black as well, but that didn't last. Hopefully this time it's different. Perhaps I should just sell it all today and kiss goodbye to the Nano LTH pain!
Determining how complete an open project is at period end for creative businesses is always going to be highly judgemental, especially as these types of businesses don't tend to be fans of using timesheets which is a tool often used to help make that determination. Could just take the simplified spreading purely on time basis, but few projects would progress evenly over time, e.g. some will have a lot of upfront work, a period of steady state work and then a big push at end of the project to get it finished. Revenue recognition profile needs to reflect that but can be a difficult judgement to take when you're only partway through such a project at period end.