Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Oiltap
Our scoping study has been a complete shambles in terms of license area, delays and keeping the detailed figures from those who paid for it. Our sp is testament to this. That is now behind us and we need to move forward.
We now need LR to lead from the front and turn this situation around, right now seems a great time to begin.
There is a fabulous asset, and we are all clearly still interested in making the most of it. I agree that there is a compelling argument to continue and look forward to seeing it progress.
Numpty
Are you sure of that?
Lundin have no NSR
Many Thanks Oiltap...much appreciate your guidance as always :)....Will do the math and hopefully it will put in a better mood :-)
We clearly are all still on board with the EUZ story, and are all searching for reasons to avoid jumping ship, so in this situation, shouldn't we all be buying stock? Is the value of EUZ declining fundamentally, or is it simply more of a bargain?
i say its SS then PFS here - get someone in to pay for infill and FS!
@Oiltap..I thought I heard Bankable Scoping study mentioned a few times in presentations. I may be wrong but will do my homework....Please share your numbers publicly if you are confident enough to :-) I promise I wont hold you to them :-)
Thanks ben for the response...Just to add one point that really peeves me. The output from the last exercise was supposed to be a Bankable scoping study....so now Investment groups have got access to it but yet PI's like myself have no access to it....so we as shareholders funded an exercise for some outsiders benefit ? Really really mad that I cannot see the so called Bankable scoping study which you, I and many others also contributed towards !!
I don't disagree with you regarding the quality of management. They might go some way to redeeming themselves if they cough up and buy some shares. This has been a big red flag for me for a while, but I foolishly ignored it.
No, I would not get away with losing 50% of my company's net worth. However, the only value that's been affected is the market value in this case. This isn't the same as what the company is actually worth. Currently they've got a bunch of metal in the ground and a little cash. If anything, the mcap still has them overvalued as they aren't even a business yet. What this ride has taught me is that my understanding of mining is far below where it needs to be to justify buying mining stocks.
We all need to be humble and move on.
Spot on Bricks been saying this from the off. They should not get away with it!!!!
Also the fact that a placing was done to fund a scoping study that is worth diddly squat !! WHo is to blame for this other than management ??
@ben89...not blaming others.... just piss poor management recently. In all honesty in ur job would you get away with making two huge blunders that cost your company over 50% of what they worth and expect to get away with it ?
Are people here actually blaming someone else for their misfortune? Take responsibility. How many tiny mining wonder-stocks actually make it? Hardly any. Investing isn't a get rich quick scheme and if you thought EUZ would offer you that opportunity, then you are a fool. Too many here clearly put in more money than they could afford to lose.
JW is savvy and clearly puts in the time to research stocks. Just because he sticks to his strategy of buying before the hype drives the price up, and selling when he doubles his money, doesn't mean he's insider dealing or ramping etc. He talks publicly about his investment decisions and he also advises you do your own research. If you all made a ton of money you wouldn't be complaining would you?
I lost money on EUZ too for what it's worth. Initially I profited when I bought at 0.08 and sold at 0.15, but took a risk and bought back in, thinking it would maintain momentum. It didn't. There is no harm in waiting. Wait until after the news you want to see comes out (if it even comes out at all). It's better to miss profits than it is to take losses. I've got a small stake now, just in case. But if it goes to zero, I don't care.
I agree that LR has done a poor job of managing shareholder's expectations. Over time however, if it's meant to be, the scales will tip back in our favor. Mining projects take time...a long time. We've all hopefully learned a lesson from this, and I hope EUZ management have too.
Also, don't forget the macro picture. Brexit, tariffs, trade wars... What stock isn't going down these days? If you're going to point fingers at anyone, it's our nitwit of a PM and the nitwits who voted to leave the EU. Hindsight perhaps, but whatever. Chill out.