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.
"- This LoI will also assist GreenRoc secure further development finance" (from GROC's RNS video).
Enterprising of US EXIM Bank.
Repayable over a maximum 5-year term, so provides a significant boost to the financial credibility of Amitsoq from a prestigious source.
Has this initiative "launched" the longer-term financing of Amitsoq?
Yesterday's 0.30p gain in GROC added about £504k to its market capitalisation so, at 37.49%, was worth about £189k to Alba.
GROC closes up 17.1% at 2.05p
GreenRoc sp upwards
Okay Ocelot, why i couldn't remember what happened to Inglefield.
Those Dtill results are taking ages 2022/33.. went to Australia I believe.
I guess GreenRoc have hugely increased Amitsoq project licence.
I just feel Thule Black Sands is not for Stefan.. I guess he knows more than anyone what is good.
Graphite he's baby.. he works hard.
Hopefully our 37% will hold now or increase 🙏
Inglefield was relinquished further back than I remembered: see the RNS of 23/01/23.
Inglefield was terminated quite recently, within the last few months.
Re TBS, we continue to await the results of the last work conducted on site.
A quick scan through the Bluejay BB suggests they may not be very cash rich, but don't quote me on that.
With Stefan increasing Amitsoq Graphite Licences.. and totally focused on Graphite
I wonder if Bluejay will snap up Thule Black Sands
Thank you Ocelot, I was aware of Melville Bay..
When did Inglefield Multi-Element project go.
Has GreenRoc renewed TBS.
GROC has retained Amitsoq and TBS.
What assets do GreenRoc have now..
Below was the assets IPO time.. Melville Bay Iron Project relinquished.
What happened to Inglefield Multi-Element project.
Has Thule Black Sands Ilmenite licence expired.
GreenRoc’s assets include the Thule Black Sands ilmenite project, the Amitsoq graphite project (considered one of the highest-grade graphitic carbon projects in the world), the Melville Bay iron project and the Inglefield multi-element project.
Catching up with the Bluejay story:
in their RNS of 06/02/24, they announced having dismissed their VP of Exploration who had set up a competing business intended to operate in Greenland and which had secured exploration licenses surrounding JAY's ilmenite resource, Dundas.
It looks as if prospects for TBS may be brighter than developments at JAY had originally led one to believe.
Suggestion on bluejay board of Thule black sands being an acquisition target for them
New material Scientists have created, 1 atom thick gold on graphene many use for this material apparently
We just need to get it out of the ground commercially quickly
Was hoping we would have a gigafactory in the Uk but those dreams of us supplying our graphite also dashed with recent news
Gotta come good sooner or later
GLAGLTH
... The assertions made by former management that 1.5 months of inefficient and ineffective exploration in 2022 is more representative than the cumulative three-year work stream preceding it is fraught with problems. As such the Company is reviewing suitable courses of action to retrieve the effectively wasted shareholder capital from those responsible.
On a brighter note, we are very pleased that consensus exists to re-instate the 2019 Mineral Resource Estimate. The Company is taking steps to finalize this process, which has begun with a low-cost review of limited sample material available from the 2022 campaign. As Dundas is fully permitted, with a valid mining license, we will continue to review critical aspects of the project, as well as potential value adding acquisitions within the country."
Https://www.londonstockexchange.com/news-article/JAY/dundas-ilmenite-resource-update/16424275
Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and Pink-Market traded exploration and development company with projects in Greenland and Finland, is pleased to provide an update on the Company's 100% owned Dundas Ilmenite Project ('Dundas' or the 'Project') located in North-West Greenland.
Following an in depth assessment of deficiencies in the 2022 work programs at Dundas, alongside consultations with various independent consultants, the Company has determined that there is sufficient evidence to warrant the reinstatement of the 2019 Mineral Resource Estimate (MRE) at the Dundas Ilmenite Project. After joining the Company in late December 2023, significant concerns were raised by the new management team regarding the accuracy and representativeness of the 2023 MRE. This decision to reinstate the 2019 MRE reflects the Company's well-informed position that the downgrade in the 2023 MRE was the result of multiple factors, including the use of unsuitable drilling methods, and questionable decision-making.
Bluejay reaffirms its commitment to transparency and integrity with its shareholders and will continue to prioritize clear communication, accountability and ethical conduct. The Company is also considering its legal options concerning individuals involved in the 2023 resource estimation process, including former members of management.
Having said that, the offer has just been raised to 0.075p, widening the published spread again.
Robbie2017,
Don't know for sure but am hoping the churn is approaching its end and that the closing of the published spread will allow the share to establish a base from which to recover.
Ocelot, do you suspect the spread dropping to a realistic level indicates the excess shares have finally been absorbed? GLA
Yes mate, but it's a mining junior listed on AIM that had a market capitalisation similar to ALBA's even when in production (due to mine issues and debt). The point is, MTL developed and built the mine and ALBA inherited an actual producing Gold Mine that is already built with all necessary infrastructure in place to get rock out of a hole and into a truck for processing.
It's been a disaster from GF and his ever revolving management team. Good luck here anyway, I want it to succeed because a lot of people have been 'trapped' in here for so long being financially abused by a serial incompetent. At least some Bats and Otters have a nice place to live courtesy of persistent share dilution.
Gold 'might' be produced at some point, I and many others will only trade this and get out on spikes because holding and 'averaging down' is financial suicide on AIM, particulary in miners(sp) and oil and gas companies.
All the best
Tygra - thanks for the response. As we can see a big difference between a miner/ producer of gold and an "explorer" if that's what ALBA is. We are definitely not a producer or miner.
Jsp123
'Asllankukeli which gold juniors have risen recently?'
MTL has doubled in 2024 and is up circa 300% over the past year. The key is it produces GOLD and therefore can be classed as a Mining Company and not a Dilutive Lifestyle Company (ALBA).
It focussed on paying down its debt that was used to get the mine working correctly ($130 million at high interest so nigh on $180 million paid back), and is now debt free and actually selling Gold and buying up other projects to develop.
ALBA have spent well over 5 years trying to get a single gram of saleable Gold out of an actually built Gold Mine that only stopped producing in 1998(ish) because the price of Gold was below the costs to extract and sell it ($300 per ounce).
This mismanagement is appalling, and the fact that a tailings pile that would be so easy to process into saleable Gold has sat there for eons, is typical of GF and his cohorts who prefer rinsing shareholders instead.
Full scale underground mines have been explored, planned, dug, built and put into production by many companies all across the world in the time it has taken GF to relocate some otters from an already BUILT and excavated Gold Mine in a 'supposedly' developed country.
You never know, maybe an actual Mining Company will buy it for a quid and have it up and running before the wind erodes all the Gold in the tailings pile.
At last the offer price has dropped to 0.07p so that the published spread reflects the true spread.