Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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FFS can you imagine if Andrew Bell and Red Rock are still loitering around in 5 years. It will be almost 22 long years since they first listed.
https://www.investegate.co.uk/red-rock-resources--rrr-/rns/admission-to-trading-on-aim/200507290830034489P/
Above is Red Rock's first RNS and the RNS ends with these ominous words:
"The Directors believe that further funding of the Company will be required as work progresses"
I don't think you understand !
The company's strategy is to find good quality mining options with high grade yield possibilities and THEN find a wealthy partner to pay for the new mine and production, while keeping a reasonable slice (percentage of the business) for RRR.
Now the first part is the easy part. RRR have some good possibilities. The very HARD part is finding the Partner to pay for it for you !
Now Let's be fair guys they need more time ! . We should keep funding them for another 5 years at least. Finding wealthy partners to pay for it all, takes a lot of time. Let's ensure they stay employed and are comfortable.
Oh, bye the way. The strategy that I outlined has dual uses. It also works ON YOU TOO. We find the possibilities and you lot (shareholders) pay for it ! You keeping paying us and we will keep looking for a partner !
DYOR, just my observations and thoughts of the strategy, IMHO.
reemit , wasn't auntie ettie was it? mr end was predicting rrr to be a £500m company about 12 years ago lools. Then calls victims stale bulls. still he finds more saps. like a posh sgnt Bilko said, stick your head out of the window and say bah and I will know you are ready for a fleecing .
Don't hold your breath. Bell has had almost 2 decades to develop an asset to generate any consistent revenue at all and failed miserably. The modus operandi is to hype up a project, poke a few holes, raise money and dilute shareholders ( who gives an F about them?), mention that a few more holes need to be drilled before sale/partnering/production, quietly lose interest in said project and then poke a few more holes in a different locale (pick any African country) and then hype that as the next big thing.
The company spends circa 1.7m per annum.
How much cash are they holding now ?
Will they need cash in the next financial year ?
Any likelyhood of revenue from somewhere ?
Will they need to raise funds ? Share offer ? Dilution - or Cosolidation then dilution ?
Projects in Kenya. Australia , Elephant Oil, Mt Ida royalty and others. Maybe just maybe we might get 20% of our money back.
Reemit join the club re losses. One poster on here reckons our DRC claim could be worth hundreds of millions. We shall see.
that chart is starting to look mighty familiar. The chancer is still sucking newbies in. shocking !
Well done , you finally got the price you were looking for. You might even be able to add a few more next week at an even lower price. Onwards and downwatds, eh?
No
Went through at 3pm ( D ) 0.37p been trying to get that price for a week
Of late AB came across very happy with all his projects. Not reflected in the SP? Can this man ever be believed?
Fear not, I'm sure "Helpful" will post the current spot price of gold at some point. As if that has any bearing on the current or future share price of this shambles. The supposed major shareholders here must be the dumbest on AIM for backing such an incompetent CEO. Also highly amusing that people attribute the share price performance to end of year tax movements. How very deluded.
I also thought today's drop is most likely due to tax loss selling.
Often those selling will buy back the positions this week on the first day of the new tax year.
Good opportunity to take advantage of the drop
Judging by the limited market size of stock available it looks more like they have a line of shares to shift, there are lots of shenanigans going on today, the last day of the tax year.
Buyers seem content in taking up the slack around .40p nonetheless.
My expectations are high they Bell is considering or doing a placing….
https://graphics.wsj.com/table/DoingBusiness
Above is a link to the wall street journal to a list of best and worst countries to do business in. They call it "ease of doing business ranking". They list 190 countries.
Number 1 is the best country and 190 is the worst.
Here is some of Red Rock's countries that they have an interest in.
DRC is ranked 182
ZIMBABWE is ranked 159
BENIN (elephant oil) is ranked 151
IVORY COAST is ranked 139
KENYA is ranked 80
COLOMBIA is ranked 59
AUSTRALIA is ranked 14
LT it is called doing some research and posting it.
I recommend it.
DYOR
Who said it was worth $350mil? Two licences are nearby and are prospective for lithium with samples already assayed.
I posted research: that someone is willing to pay decent money for lithium assets in Zimbabwe is relevant.
DYOR
So to be clear, we are now pretending to care about lithium suddenly and post links about that whilst casually over the next few months slowly forgetting about the likes of RRAL (12 months late), DRC (will slowly fade into irrelevance), Kenya (10 years of insignificance), elephant oil (likely also fades into obscurity) and the list goes on. Same old rinse and repeat. The structure of how this is set up makes AGMs irrelevant. The ‘you can buy the whole company if you’re not happy’ remarks would do what? Uncover the ugly reality likely.
Helpful
It's sunny side up and optimistic. I used to think AB was Fagin but Wilkins McCawber was the the literary optimist so maybe he's a cross ?
Reminds me of the lottery you could make it good for 25k but the chances are slim of that $370m. Most on here have too many losing tickets, until one of his many irons deliver at scale and materially most on here will be skeptical.
The Prospect project is near Arcturus. We have a granted license to just to the NE and one in the process to the West.
"A new 125 ha application near Arcturus, a mining site 32km E of Harare in Zimbabwe has been approved for grant with a further application nearby in process"
It is called being factual.
DYOR
RRR invests $25,000 in Lithium in Zimbabwe and mentions a working interest sold for $389m late last year. All sounds rather over played with a hint of desperation.