Looks to me like it’s a good time to be adding. |
11p by close of play 2024? |
Looking positive now, hopefully this will start to climb slowly back up |
If you look at the long term chart it would appear that the share is breaking the downward trend. I think that the next phase in geopolitical terms is that the next US government will accelerate the America first movement. Precious metals and natural resources will increase in price due to scarcity despite a slow down in international trade. BRICS nations will increase trade amongst themselves to balance things out. |
The share price will recover above the 11 p placing price. It is time to invest into lithium companies before another round of sanctions and trade war erupts. |
Bones appears to be an investment expert because he posts in every thread at advfn. He always appears as being on the right side of a trade, never making a loss.
Anyway, commodity prices swing in cycle and lithium prices are low at present. This partly reflects the low share price of CTL. This is the right time to buy as everyone is deserting it. In a few years time this share may multiply 10 times as its mines are in profitable operation. |
If these guys made as much lithium as they do Webinars you would all be rich. |
 Walton you have missed the point entirely regarding the largest shareholder Regal which is best illustrated by the following statement in the RNS relating to the 22p placing last November:
“ As a part of the Placing and on the same terms as all other Placees, Regal Funds1, which is currently interested in more than 10 per cent. of the Company's issued share capital and therefore a Related Party under the AIM Rules, has agreed to subscribe for approximately £1,200,000 , thereby maintaining its current interest in the Company on the enlarged basis”
What that means for someone with your lack of mathematical knowledge and common sense is that Regal were not diluted because they took enough shares in the placing to maintain their holding. It will also have averaged down the cost per share of their total holding. On this occasion they have taken a large number of shares but not enough to avoid some dilution, which is probably because they intend to correct that by taking a large number of shares in the Australian listing.
I fully understand why the share price has fallen due to the collapse in the lithium price. I am not blaming CTL for it just commenting that it is a depressing situation.
However I am pleased to see that Rio have today announced the purchase for $6.7 billion of a lithium miner that has suffered a similar catastrophic fall in its share price in percentage terms as CTL. Rio have pounced because they see a good future for Lithium and a recovery in the lithium price. Perhaps another large miner will come knocking on CTL’s door in the not to distant future. |
888 - look what’s happened to the lith spod price since you bought at 22p
Dry your eyes and stop blaming others for you terrible share price you dopey goon |
888 - The major shareholders holding is diluted by the new shares you goon
Share you didn’t learn math when you were at school |
Very depressing to recall that just over 12 months ago CTL was at 60p. When I bought in the 22p placing I thought that would be the bottom but now they have placed at 11p. Should I average down again? At what price will the shares be on the Australian float if it completes. At least the largest shareholder keeps taking the opportunity to average down their very substantial loss, so perhaps these very low priced placings are largely for the benefit of the largest shareholder. |
Still hoping to get my money back this decade ;-) |
This money was part of the raise for the ASX listing. The amount rasied will be taken of the ASX listing raise amount previously agreed. So overall same amount of money will be raised only some of it sooner. Not good to suddenly do this though out of nowhere though and at a lower price than the ASX raise was at. |
More funding to come more than likely and more discounts given that was a small raise . |
What a surprise, another massively discounted placing on AIM. |
More positive updates :-) |
The delay is untrained workers at the ASX, which has a real retention problem, asking stupid questions and not all at once. They keep coming up with requirements to prove minor points instead of one complete set of queries at once as you would expect. So it drags on. |
Probably the Aussies have requested a lower entry level, and the management are complying by writing a nebulous RNS. |
kingston
new here what is cash position of co and
the govt licence due august not yet granted
thanks |
Nice update this morning. Patience will pay off eventually. |
“Back in @16s”
When did you post you were out?
Apparently you bought at 15.9p when the spread was 8% ish
LAWSON27 - 01 Feb 2024 - 12:04:44 - 2390 of 2684
Joined you for a few @15.9 for the recovery here, GLA
LAWSON27 - 09 Feb 2024 - 08:43:55 - 2422 of 2685
Have i missed something, why the sell off? |
All resolutions past today, onwards and upwards, GLA |
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