Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hes said a lot of things but sadly not the one thing everyone hopes for
Harry already said that everything flows from credit and board approval several times and it does.
Its imminent lol
Be prepared to be disappointed.
Harry I think eluded in the last Webinar that the full funding is the most important and not the credit financing.
On that basis, cannot see the sp really improving by much until that full funding is done.
Hope to be proved wrong.
So will the sp
Any money come in yet ?
I'll be 'disappointed' if we don't receive a (positive) update by next Monday...
Probably Harry will get a nudge for an update if we do not hear anything this week. Obviously the company expected news around now hence the recent webinars talking to TW and the promotion. I would guess the plan was to do all the promotion off the company and the country as a mining destination then fly back to Ethiopia. Think having got to the stage where all the major hurdles were cleared no need for Harry to babysit things so much as going to be in the hands of bureaucrats lawyers and so on and even with people breathing down their necks tend to work at their own pace.
He didn't say which year 😉 only joking.....
In the RNS dated 27/04 it said -
"All parties are working with Government to obtain the final required clearances and, in the meantime, preparing for full construction start to coincide with the next dry season at Tulu Kapi, which is expected to start in October 2023, having already prepared the community and procured the plant and equipment, with full production targeted to start in 2025."
So Q4 may well last for 3 months but if they want to achieve an October start they need the financing to drop by then surely?
Credit Finance can come at anytime in Q4. Didn't he say there would be work starting (construction) by Christmas?
No need to panic!! Lol.
Ah yes, fair point. I didn't think that through very well!
Bit surprised other posters haven't started banging the Q4 drum though, someone usually does 😉
Err, Q4 *starts* in a few days. It doesn't end for 3 months and a few days...
The last TK update RNS stated "the Company remains on track for Project launch in Q4 2023".
That is just 4 days away, 5 if we don't include Sunday.
If everything is still on track we should expect an RNS this week to say the financing is done and any security issues have been addressed.
Or next Monday at the latest.
Otherwise more delays?
HtTps://www.capitalethiopia.com/2023/09/25/kenticha-site-ushers-in-lithium-processing-plant/ (Ethiopia mining)
htTps://www.zawya.com/en/markets/equities/saudis-united-mining-industries-sets-price-range-for-ipo-l9es4602 (saudi mining IPOs)
htTps://www.ugc.com.sa/ (Saudi mining IPOs) Should be interesting to see how successful the IPO is.
htTps://english.aawsat.com/business/4562946-chinese-investors-briefed-industrial-mining-investment-opportunities-saudi-arabia (Saudi mining)
htTps://www.zerohedge.com/markets/new-era-gold-estimated-world-official-gold-holdings-reach-record-high (gold)
htTps://www.zawya.com/en/economy/gcc/saudi-arabia-economy-joins-trillion-dollar-club-yxcitm0z (Saudi general)
Yep traditionally Harry gives his mates a mates rate. For instance RAB capital got in at 0.6 when they bunged Kefi £3m. This new advisory company will no doubt be some hangers on who need a brown envelope. Best way to keep them happy is to give them 8m shares at mates rates. Considering there are going to be trillions of shares after the next fundraiser, whenever it is, the 8m shares are considered a small value for such a procurement.
Those diamond drill bits have to be paid for in cash and Harry goes through dozens of them while assessing if he has any gold beneath his feet.
Hi all , could some one please explain to me how a company can undertake a placing at .70 and then offload such a % of shares at 10 -15% below that price . Is it balanced in with the projected/ perceived value of the resulting share value after the company is recapitalised?
Https://investingstrategy.co.uk/mining/gold/kefi-shares-investor-overview-for-q4-2023/
Now that IS cobblers.
The implication (and to a certain extent, paranoia) attached to these sort of observations, is that someone knows more than you, and that they are selling for a very good reason. Generally, I don't believe that is the case. There are many reasons why someone would buy, or sell, a certain quantity at a certain juncture, and very few of those reasons are truely related to the stock itself. In addition, 19k is a lot of money to some, but not a lot to others, and so you cannot say whether a trade of that size is particularly significant to the owner. When it comes to this stock in particular, there are, as we all know, many reasons to be cautious, or even suspicious, and so that some choose to sell is hardly shocking. The vast majority of the market are mugs who (like Jon Snow), know nothing. Insider trading must happen I'm sure, but is illegal and carries severe penalties. Finally, I haven't toted it up myself, but you say 11m are sell. Well, big deal. Not to brag or anything, but that's less than my holding. Wake me up when a few hundred million are sold at once - that may indicate something amiss! Until then, keep calm and wait for news (which I presonally belive won't be long and will be positive), IMHO, DYOR etc...
Don't worry Tms. Observations on the trading pattern are "cobblers" according to Rob, the font of all relevant knowledge via several generic Google news alerts.
So if this is going to multibag on imminent news, just why is there such a huge overhang and a stampede of sellers around the last placing price?
Answers on a postcard to Jeff Keating, SP Angel.
No. But when you look at the overall volume today and over 11 million are sells then it tells a different story.
Maybe someone sweating as there's a little trouble in amhara region but now under control by military
Given that my buy today is reported as a sell, I don't even know how you can be certain what it is! Either way, to me this feels like some calm before a very positive storm!
I don't believe a 19k sell is significant...
I'm hoping for an update by the end of September i.e. the end of this week!