Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It's crashed down to $2318 now. Will I sleep at the weekend with all this to worry about?
New highs $2321
Remeber when gold got "smacked" for.... 12 whole hours? The Oracle strikes again.
Howdy
Just put a dog to sleep and used the meagre proceeds from the loss/sale to snaffle 2516 of these shares. Buy price was 5.09 for reference.
Have a good weekend all, see ya in the new tax year.
Gold $2305
Monday should be a high volume trading day, new tax year starts with a fresh £20k tax free allowance for those wanting a long term tax free investment in MTL.
Thanks Lee.
I went back to the RNS of January 2024 picking out highlights to remind ourselves of what is about to take place under the leadership of Darren Bowden.
Have no doubt. MTL is going places.
“A majority and controlling interest in a highly prospective exploration licence covering 16,200 hectares (40,000 acres) on Luzon, Philippines, in the Cordillera region, a prolific gold belt of proven mineral endowment, having produced over 40Moz of gold historically.
The Abra Tenement includes several drill ready target areas and numerous areas of historical artisanal mining operations.
Initial planned exploration work programmes will include geochemistry, geophysics, mapping and review of historical data, intended to lead to a drill programme which is currently expected to commence during H2 2024. I.E. April 2024. The initial 2024 work programme is intended to commence in the Lacub area, targeting previously identified high-grade gold systems.
A geochemical map of the Abra tenement overlain with sampling data shows five main target areas. Of note in this image, the stars denote copper values in excess of 65ppm. Several significant structural intersection points appear to be centres for higher grade copper anomalies.
Manikbel has the highest intensity copper geochemical signature of all the areas, coinciding with an area of major structural intersection. The underlying geology is similar to Lacub, however, in this case, the mineralisation from historical sampling seems to be predominantly copper with little gold identified to date. Outcrops mapped for over a 2km strike confirm copper values over 15%. It appears to represent a near-surface porphyry system. The prospect is located close to the west coast which has port infrastructure, accessible via national arterial roads.
Area 1 South Central region shows high-grade gold targets, with significant small-scale mining activity. Historical exploration in Area 1 has targeted high-grade gold occurrences over several square kilometers and has identified multiple mineralised vein systems. The area is north of MPSA 141, a mining licence with a gold resource and south of MPSA 144, a mining licence with a copper/gold resource.”
https://www.lse.co.uk/rns/MTL/acquisition-of-prospective-philippine-exploration-gnts2djln1uzuan.html
Let’s be clear:
Gold is at all time highs
MTL is debt free and has been for 2 weeks
MTL is building savings at $1/4 million a day
Darren Bowden stated in Feb 2024 via an interview that we will not dilute or require further loans
4 years Runruno life of mine at 1.29g/t average making up to 80k ounce per annum
$1100 to $1150 dollars per once clear profit at current gold prices.
$90 million free flow cash generation per year at current prices
Abra tenement purchase for $1.6 million to take place in June
Small scale high grade mining plants on the Abra tenement is Darren’s Bowden’s fast route to additional incomes, costs around $10 million up and running in 1 to 2 years
Gold predicted to hit $2500 dollars this year
New Chairman is just that, the Chairman, employed for his mining experience, Darren Bowden runs MTL.
£200 million Market cap would be fair value for MTL in our current financial position.
£2000 million ambition stated by Darren Bowden, stating we are the number 1 mining firm in the Philippines, the “Bell of the ball”
Do not let trolls lies spoil your belief in this immaculately run miner, the money is rolling in and will be used to build a multi mine business, with multiple incomes, let this mature, Darren Bowden has proven his credibility.
GLA
Someone just bought a million shares. Obviously clueless LOL
Gold got smacked all the way back to the lows of... yesterday
They hired for a reason, this chairman can raise cash in the markets. But when he does he hands out warrants left, right and centre l. It’s coming here but some
Of you just don’t want to acknowledge it
Some here got spiked unfortunately
Wanted to add to the last post the following point from the latest company RNS:
The mezzanine debt payment on 25 March 2024 brings the total debt (principal and interest) repaid by the Group since September 2020 to US$171.3 million.
Quite extraordinary and testament to the calibre of the management. You will struggle to find other corporate examples like this.
JWB he's a non executive chairman and does not have the power to do what you claim he will do. The CEO is actually Darren Bowden lol. I know he's at Arcm but he is actually a Director and Executive Chairman so able to make the types of decisions you are referring.
The other big difference is that Arcm is an explorer hence the repeated need for rights issues; that is what they do. How do you expect explorers to survive without fund raisings? We are a producer and not only that one that is profitable and spewing out large amounts of cash. Soon to be debt free. No need for a rights issue. Quite the opposite. Lots of options open such as purchasing other mining assets. See the company's announcements for details of their plans and how they plan to use their cash.
I don't think many are paying attention to your posts. I simply wanted to correct your wrong assertions.
Golds it’s highest it’s ever been looks dead set to hit that 2500 yet another great call by Jennifer Bellamy lol
See you in the morning
Madness buying with this chairman now in
It’s held too, $2303 tonight
And as per the late trades from yesterday, some new investment cash is coming this way. Trades of this size aren't from average PI's on AIM:
03-Apr-24 15:40:14 4.8389 6,300,000 Unknown* 5.20 5.30 304.85k O
Can't wait for Q1 Results, and REALLY can't wait for the revenue we are generating already in Q2 while being debt free.
Have a good evening, see what Friday has in store.
89% owned by insiders and a further 8% owned by institutions, I don't suspect that we will see a big sell off anytime soon tbh
I have reported him/her. Suggest more of us should. A discussion is fine but this person is purely disruptive.
You have a reputation across numerous boards, you have multiple id’s, a post count that should be in the guinness world records why would anyone with half a brain take anything you say seriously you are a source of amusement and have continued to be wrong over the past 12 months and will continue to be so while you have your one lane blinkers on
Some of you will soon wish you had sold this spike… but you’re all pointing the finger instead
Apologies Tygra, just making a point.
This should bumb this thread back up.
With the first post in this thread, almost 24 hours ago now, the SP was 4.7p
At the time of posting this, the SP is shown above.
What went wrong JW?
Had to change the thread as people keep responding to nonsense and expecting it to make sense. Remove fuel from a fire and it dwindles and eventually burns out.
As expected, with no new information MTL is now running up and has increased over a quarter (in value terms) in just a couple of weeks. As soon as a few media articles went out and stock commentators put out pieces about MTL, a lot of new investment arrived. We are also in Bed & Isa season where investors have a look at what DOGS they have that need putting out of their misery.
When the dogs are 'dealt with' and you realise they won't ever be coming good, a new home is needed for the proceeds so losses can be clawed back elsewhere. I believe MTL is a good stock to recover losses (it has been for me thus far) so any unused ISA allowance is likely to be utilised by recycling whatever funds were generated by selling the dogs.
The Bid/Ask has been all over the place this morning so the interest being shown here is a positive running up to Q1 Results. Volume has ballooned compared to the usual averages, some days we had less than 10 trades between 8-4, now we can see over 300 trades as we did yesterday.
Our cash rich position means any asset we want to acquire in Phillippines can be done using what we generate. If at some point DB thinks a raise is the best way to fund a project then I'm sure it will be from a much higher starting point so those holding now won't be affected negatively. He doesn't strike me as a typical AIM CEO who will dilute for the sake of it, it would have to be demonstrably value accretive.
Have a goodun, see where the price is when I get back later.
Afentra board should read