Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thank you Rob… I guess that’s it ..
Mentions it in the RNS "Final credit approval awaits from the Ethiopian
central bank a formal confirmation of details of operation of offshore banking as has been agreed informally with TKGM and its project finance banks.
This clarification complements and clarifies the policies and principles set out in recent published National Bank of Ethiopia Directives waiving
strategic mining projects from foreign exchange control and capital controls." Should not take long considering they changed the law to make it possible and it is agreed in principle.
Harry does not mention what that last regulatory issue that needs signing off. It is a very important one remaining as until this is agreed by the EG, it cannot go before the board nor the Bankers for the Credit Financing to be approved.
Still has some legs to go before all over the line.
SB - HAA doing his usual stuff... saying one and doing another.. although I feel we are closer than last year :) waiting patiently :)
The interview sees HAA explaining that the consortium awaits one more regulatory sign off BEFORE credit committee approval etc… my question remains - what is this?
Still awaiting Banks to sign off for credit finance.
Apparently all Regs have been agreed with the EG.
I thought the final regulatory clearances had been granted… I must have missed something
Can anyone please enlighten me/us on what this FINAL piece of regulatory consent still outstanding is????
https://*********************/media/kefi-gold-and-copper-expecting-production-from-tulu-kapi-by-christmas-2025/id/18954
"He addresses some of the delays that have affected the project but says he expects it "to be launching this quarter."
Would have expected "WILL" rather than "expects." as it means that this is getting done.
We are getting back to the "imminent" days.
Bear;
Excellent post.
I, and am sure most Kefi holders are very grateful for people like you who take the time and trouble to do the research in greater depth than we do.
Many thanks
Thanks Bear (again) clear from reading it that the consortium especially the banks supports kefis move and what ever happens TK will go ahead.
Thanks for posting Bear666.
A reassuring reply from Kefi, sounds like good cross-party communication happening re. licence issues and no effect on TK project, excellent news.
Various questions in relation to interim financial accounts
Q: Why do you not eliminate the material uncertainty noted in the financial accounts given that it is suppressing the share price?
A: The material uncertainty has existed since the IPO in 2006 and may remain the case until we are in production and generating positive cash flows.
Q: The interims accounts refer to a legal claim and to a problem with an Exploration Licence. Do these problems affect the credit approval?
A: No. These do not affect the Tulu Kapi Project which is being financed. Both have been known for a year or two and are symptomatic of attempted last-minute money grabs that neither the banks nor we will tolerate.
Q: Is it not provocative to publicize that you are taking action to recover the Eexploration Licences near Tulu Kapi? Would it not disturb the banks or the government?
A: Legitimately and collaboratively protecting the Company’s rights is both a mandatory responsibility and, more so, is how we have achieved strong working relationships with all the parties involved. We talk to all these parties continually and all are comfortable with our conduct. Also, it is quite clear that the exploration areas have no bearing on the Mining Licence or the Tulu Kapi Project itself.
Posted 02 October 2023
Is that a broken clock on Venus you are referring to?
A broken clock gives the correct itme twice a day so there is hope for TW and Kefi's TK project!
Wini has been touting this dog for over 7 years... countless buy recommedations... and now 95%+ down, still acting as if he is some guru tipster.
MRP, might be 'interested' in what TW had to say this afternoon (maybe not! lol). As you say, time will tell.....
'Natch bedwetting BB morons panic that final sign off has not occurred in September. Cripes, words almost fail me. It might happen in the first weeks of October as Harry Adams explained two weeks ago HERE. But that will not affect project timelines or the NPV one iota!'
'With this all comparing to a current £33.5 million market cap at a 0.675p share price, we continue to consider that there are the catalysts, possibly within weeks, to spark these shares well above 1p and on towards 2p. Therefore, still a compelling BUY.'
Time will tell dvh
Can't see any signing off for a while now
Shame really because i thought this was going to be a cracking little trading share while the journey progressed
Fours? I think you've got the wrong bb/company lol
Looks like i might get my wish and buy back in when it's in the fours
As H said we are a long way off financing Saudi with the SIDF loan. Alternative would be ARTAR, but we would have to pay them back or face dilution. You do do realise that.
Easy to finance JQ which can finance the Saudi side with Artar and the Sidf loan.
I think you'll find Harry represents Harry first. It certainly has been that way all the way so far. To this point perennially being two years away from producing the first lovin' spoonful of gold (or copper).
This really needs to be nailed on. Has Kefi got the paperwork for this licence? One would hope so!
This is becoming very opaque.
This is taking up time that Kefi does not have, especially if they want to get this across the line by December.
We won't go into how they finance Saudi whilst no funding here in TK as this will not go down well.