Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Tick up now lol.
AIM.why do they even pretend it’s a market
MD
Yeah 30 p takeover instead of 40p
Obvious Eric pushed and new fund taking control
Looks like new owners and their own management to me.
The SP given the volume stinks, whatever way you want to cut it.
The likes of Oddey, etc. won't be pushed about, they will get their return, but it won't be what we are hoping for from a great little company...sadly.
With the gold price at say US$1,950.....Operating costs of US$1,140 ish and AISC of US$1,400 ish all/oz.
To be fair if we are due to produce the magic 100k oz. whatever way you float it there is no reason that the debt could not be totally repaid in a year or so...if that were the focus.......
with a revenue of perhaps approaching $US200m p.a. and then debt free....if we did survive being bought out? we would be due some decent dividend income from the US70m p.a. profit (rough calcultion).
But then there is WK and will this be developed or sold off by our predator....to keep our operating mines as a cash cow for the new owners??? Food for thought?
It's all about ounces as we move forward now in the future....I have said this before and likely will again!
GLA
13p are buys ! Do a dummy trade
Excellent
Massive selling. 13p won't hold.
Another 1.4 trade - I expect tr1 from fund
"I am pleased to report a strong start to 2023, with first gold pour at our new Singida Gold Mine taking place on the 30th of March. As a result, Shanta is now a 100,000 ounce per year gold producer with a diversified resource base, a de-risked balance sheet, and significantly more financial flexibility...
All we need too know lads and lasses !
13 13.01 is the spread! Very very tight
New fund obviously moving in
Yes, some sizeable volume. I wonder if that's Eric offloading his stock now as he's leaving and update today allows him to sell.
Looks like new management and potentially new owners moving in.
Always the case these days... just when a company starts to look like its making money again (eg 100koz) someone swoops in and takes it off the shelf.
Barry you obviously have no experience with trading or investments at all. Go to school and learn something before commenting a lot of nonsense
Large selling volume last week and today with little to no buying, looks like 13p is the get out level before the sp drops back to 10-11p. 4m sell just got printed, 7m sells so far today and no buys at all!. Could be an iceberg sell order by Canccord. Either way no one is buying by the look of the prints, otherwise if it were disguised buys the sp woud be 15p. Many investors have probably hedged their bets and taken profits at 13p whilst still ramping it on here. CFO left in March and now CEO leaving...doesnt look good.
There is a tiny spread but it is possible to distinguish the buys from the sells.
Now their man is in - ! Huge stake building
Buys are being done at 13p
Perhaps this explains the price action this morning. Lots of sells but the price isn't budging. Have to assume that there is some significant buying on the other side thst we can't see yet.
Wow I wonder who is buying here at these huge levels ?! q1 results are okay not bad but not great.
Eric probably isn’t the best to take us forward and a new more driven CEO is what’s needed here. Only for the better
A deliberate reference from our outgoing CEO.
Sawiris / la mancha a key backer in Endeavour Mining who are big in West Africa, specifically.
Agreed booboo! The La Mancha name was the biggest thing to hit me having just read the RNSs.
Sawiris is a predator!
I doubt we'll make it 2 years, this is the fund that our new Non Executive Director is tied to as referenced to in the RNS:
https://www.mining.com/la-mancha-launches-1-4-billion-gold-mining-fund/
Investor meet 1030
My guess is Eric got promoted and will take a job in one of the majors, after successful completion of Sinigda and WK drilling. I am pleased to see that Sinigda output is already 3kOz per month. It is a pity Eric leaves, I hope the momentum he created will keep Shanta going for a few years until its acquisition by the major.
Hum yes is good to but huge debt