Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I reckon drop could go to 1950ish and then hopefully back to 2050+ :) Time to raid the kids piggy bank & buy sum more GLA
Peter is a top economist, keep the faith with gold miners and shanta, gold price dip is a buying opportunity
Results now week commencing w/c 24 April 2023 Q1 Operational Results
Dave, you mean controlled by the Western powers !
Eric has a chance to win the market back with Q1 results tomorrow, I suspect he has an Ace up his sleeve. We are behind you Eric !!
Debt is melting like butter
Gold bubble bursting shorterm ??
Another day like yesterday!
Weird trading....PoG off $30 too..
Trading was very strange seemed like someone acclimating while someone selling, either way results will send us either higher or lower.
Eric is very aware that the miss hurt his credibility and with the additional equipment purchased at the end of 2022 should help with hitting quarter records.
Either way Singida ramp up will be what we will be looking for.
Come on Eric redeem yourself !!! I think Shanta is going to surprise hugely to the upside this week
LL - I seem to recall you from 5+ years ago but can't remember if it was SOLG or a.n.other. Seeing the debt "melt away" (a la EZ) would be very welcome. Magufuli policies in Tanz were a hindrance and a few more initiatives from Mama Samia would be a help.
Does anyone know if the rash of trades printed @ 13p this afternoon were all sells (allegedly) ?
Be interested to know what folks think is a set of positive results.===========
A good start would be to be able to pay back the huge amount of debit on they balance sheet.
Or even to make a profit, could be something to celebrate, considering that till new mine is not fully commissioned, costs will be greater than profit. Never seen a small gold miner with such a huge intangible asset value, like Shanta.
Share prise is fully dependent on POG, expect great volatility...
Looks like we have a big buyer willing to soak up shares at 13p
Boobear agree with your estimates and sentiment. Exciting position we are now with NL production at 5,500-6,500 ounces per month and Singida producing 1,000 ounces per month equivalent on day 1 of the pour.
Guesses for where our daily pour will be up to now we are 3 weeks into ramp up?
I’m guessing 55 ounces per day (1,600 per month equivalent)
the 12.25-12.85 channel that acted as a strong resistance is now a support . 14.5 is the next target IMHO. Then 17.
Gold still looking strong, great recovery
To note Eric put out annual guidance knowing full well q1’s production number.
He doesn’t want to disappoint the market again and therefore will be ultra conservative. I think we will be positively surprised on q1 results also to note
The reduced availability of open pit and underground mining equipment impacted the mine plan in H2. To support surface operations, open pit mining equipment arrived at NLGM in December 2022 from a second mining contractor, increasing the open pit mining fleet capacity by around 40% by the end of the year.
In addition, a newly purchased Sandvik underground production rig was fully commissioned in December 2022, resulting in a 94% increase in total underground production meters to 10,439 meters compared with the first 11 months average of 2022 of 5,377 meters. At the end of December 2022, there were 10 underground stopes ready and available for drilling compared to a NLGM base case average of 3 at any one time.
The other thing he said was best January ever, but the steady comment, could be mean standard Feb and March. Time will tell.
China has to raise its Gold to GDP ratio in line with Europe (4% of GDP) by selling dollars. It successfully exports loads of stuff to the US and receives US dollars in return which are useless if you want to invade Taiwan. The US has the ability to freeze all China’s US dollars as they did with Russia recently.
China needs to purchase another $600 billion of Gold before they invade Taiwan. To withstand the US rocking their economy. Xi has promised the repatriation of Taiwan as a priority in his lifetime.
Taiwan’s very large gold holding would become China’s on a successful completion of any invasion.
China could push the Gold price to massive highs in pursuit of its foreign policy. Some suggest $10,000 for Gold, pre any Taiwan invasion.
The SP as firm as it’s been in a long while, feels like we are setting up for a rise on the back of confirmation of a positive operational update IMO. It's a big week, they need to confirm the operational troubles are behind us and we can see blue skies ahead.
NoelShempsky,
False accusation? I said nothing of the sort, it ratified my original thoughts of you not just wanting to be proved right!
Pot and kettle spring to mind with with your constant "I was right" posts and then wanting to tell the world that you were, instead of waiting for praise whilst the tumbleweed blows ;-)
Another medal muttley?
So itsyou, just made a false accusation against me (a trade 7 mins before I posted wouldn't appear on here until 8 mins after I posted, so I hadn't seen it) but rather than apologise for your attack, you have another go. That is shameful, but your sort are too arrogant to feel shame.
Buys coming in again, onwards and upwards
Gold at $2015, Shanta should move up accordingly, Q1 will be key in painting Shantas picture going forward, excited for these.
Nice start this week, Q1 results out this week too, exciting
I agree, I believe a takeout price 25p now or 35p as time and the gold price gets higher.
The valuation is absurdly low and right now investors are accumulating, I know of a few that are buying constantly. By year end Shanta most likely won’t exist.
3 companies wanted to buy Shanta
That was pre gold price at $2000 and most importantly pre 100,000 oz per annum