Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The inference from previous comment being, please give it a rest
Being the learned person that you undoubtedly are you will have come across the term "doubting Thomas". Quote "But Thomas, one of the twelve, called Didymus, was not with them when Jesus came. The other disciples therefore said unto him, We have seen the Lord. But he said unto them, Except I shall see in his hands the print of the nails, and put my finger into the print of the nails, and thrust my hand into his side, I will not believe" Therein lies the answer to your question. LTHs have suffered so many setbacks and false dawns that no amount of your talking up the share will persuade them to change. They themselves need to see the change. That doesn't mean they don't hope for better times in the near term. They just need to see the evidence.
Whilst I can see your positive outlook I would disagree with your surmising that the Grumpy crew would look out of place when/If the money starts to pour in. Quite the contrary would be the case. Bare backsides in supermarket Windows, various hats being eaten and I imagine great celebrations would be the order of the day. The issue that we have had great progress news from regulatory sources in the past which have been bought but great hairy testicles BUT nothing is done by the regulatory bodies to stop them happening. So whilst do hope and pray that this is the real advent of great things I cannot allow my emotions to be released just yet I really want to jump for joy and partake in lots of fist bumping etcetera.
Aye Bryn, the copper story we witnessed under MA was a nice bit of prolonged fantasy from him. Fooled us all. I've got my beady eye on Borrelli now. Lol. Enjoy your break.
Eric. Looking back at the old RBS list. We even had a copper plant built with MA along with lots of other small add on partners willing to let us move their tailings. (apologies if the above was already mentioned. I'm on a little break in Italy so have not been online in a while). Power to the people. Cannot be long before we get some news.
Lol. Aye, the old copper mirage. Of course, your comments are totally spot on. MA was apparently a scheming crook, whereas Bozzer seems to simply be utterly inept, fuelled by greed. Neither with a conscience. In terms of sp though, the two don't compare. MA has Bozmeister beaten hands down. We definitely have been very unfortunate with our leadership, or rather lack thereof.
Eric I don't believe AB has told us massive copper tailings in our portfolio and a copper plant actually operating amongst a list of other things that never actually existed? Alikhani was a fantasist (to be polite) not a mere under-performer as AB appears to be. We only performed better as the information he generated for market consumption was more fabulous than Pegasus.
Alikhani was better for us than Borrelli. Totally amazing, but true. He certainly wouldn't have handed JLP 40% of our future profits. Has Alex given the community ambulances or helped with the Kabwe local school? No, all he has done is kept Toni & Guy afloat. On we go. Let's see what these JLP merchants can do for us. Hopefully they'll tone down the talking it big and up the work rate. I thank you. Good luck lads.
That was kind of my point. Both companies need each other to see it through.
BMR and JLP have very similar 52 week high SP's... JLP: 5.03p - 24th May 2017 BMR: 5.13p - 31st Aug 2017 I reckon we will be well above 5p before end of August 2018.
Sidebar, I dont think you would be worried if the conditions were not met, I think you would be delighted. You have said that you arent invested in either company and you are more interested in the environment. There is nothing wrong in being an intelligent tree hugger
re " I think they know that BMR and JLP are the right combination to get this project going" I'm more inclined to think that ZG think JLP are the right people to see it through. We just happen to own the licence and asset.
Not from me, Bring. If JLP properly start construction then worries over the license are gone. As I said before, it will then just be a question of time to revenue, and what the production opex is. Time is no big deal - who really cares if it's three months or nine? Opex concerns are based around the acid/brine leach, but I still expect that to be changed to something more efficient. Unless acid costs return to 2016 levels.
it can only get worse m8.lol....https://www.bloomberg.com/news/videos/2018-05-03/the-key-factors-driving-the-rally-in-commodities-video
It'll be something along the lines of... JLP won't build the plant in time and the licence will be lost. Could you imagine if we were 5 days late starting production and the ZG tells us it's over and they are taking the licence lol. I very much doubt that will happen. I think they know that BMR and JLP are the right combination to get this project going. They are slowly running out of deramping material lol
and what will be the new topic....eboli,taxation,license withdrawel? https://www.bloomberg.com/news/videos/2018-05-18/-bloomberg-commodities-edge-full-show-5-17-2018-video
Give it a couple of weeks and Paddy will be back lol
i wonder in what form,the next grim reaper will turn up as.lol. and what will be their new tactic.
If your concern is for the environment and the people of Kabwe then maybe your time would be better spent elsewhere , rather than on a a share based investment chat room , I find it hilarious also XD
If you are not invested there is no "worry". Hilarious.
My worry is that the license conditions won't be met. Then there is no basis for the JV. That worry can disappear on the 15th. Clearly that should be the outcome, but I don't think it should be taken for granted. I have downplayed the importance of the deadlines in the past, but I would like to have seen more than just deskwork and site prep work going on at JLP. Perhaps they are just being prudent ahead of LC completing his discussions. That would make sense from their perspective. Readers will be pleased to know that there can't be much more for me to comment on for the next few weeks. In the absence of any RNS, there is not much more on which to opine.
"my concern is that JLP / BMR have not yet begun construction. Certainly not in any meaningful way. Why?" According to LC, prep work for the site has already begun. Yes, actual building may not be taking place but they have until July 3rd (within three months of 3rd April 2018) to commence construction. We are just past mid-May so have plenty of time. See below from RNS May 2nd from JLP. "Our agreement with BMR calls for the final business and execution plan to be approved by the 15th of June 2018. We will continue with site preparation work and confirming equipment specifications during this time. The Jubilee team is ready to commence with the execution of the project on behalf of BMR."
Putting my money into this share shows my faith in the underlilying business , you on the other hand ? #A£&@holeoragender?
Just out of curiosity, in your view, how would the JV fail and why?
Maybe, but had we got involved after we found out the ACI deal was going nowhere, I wonder if we could have made much of a difference. We were fairly cash strapped and needed funding and a team that were capable of building a plant; enter JLP. I think the warning signs were there when ACI had not come up with any money back in Feb/March 2017, but we all probably assumed the money would come or we would get a decent deal in place. Regarding the the build dates consistently being pushed back to allow management to keep taking money. If anything it would benefit them more to have gotten the plant built sooner. AB owns shares and has options so stands to make good money if this becomes a success, and he would still be working for BMR for as long as he wanted, so I don't believe it's down to that, just more that we have had a team that is incapable of getting us there.