CTL 0.00% 0.0¢ cleantech lithium plc

I don't think the company has ever released a P & L or Balance...

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  1. 452 Posts.
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    I don't think the company has ever released a P & L or Balance Sheet and so I cannot see where there is a debt/liability of $9m. Are you sure that you are not referring to estimated expenses that are recorded when they issue their cash flows for the quarter as they are around the $8m mark. Can you please let me know where you saw this liability as I was only aware of the $2.5m con note.

    The company issues a cash flow statement and then estimates the next quarters expenses but no guidance to revenue. Early in the year the company stated that the revenue for the year would be 60% in the second half of the year and I am sure that this figure has not been updated which the company is bound to do.
    If you don't have the revenue then why would you keep spending and then get yourself into huge debt when you have no line of credit facility and a unpaid debt of $2.5m. This is what doesn't make sense. Last quarter they had some cash and gold still to be banked...where did that go? Many of us were hoping that in suspension they were increasing their cash balance and moderating their expenses to repay the debt (con, note) from revenue...what a shock it was to receive the last announcement
 
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