Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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From April 5th RNS "The first gold wash plant is expected to arrive by air within a few days and will start operation."
What happened to that plan?
Helpful's analysis -REALITY
Yawn Doggie, how does this work as soon as I say anything reasonable, then something has gone wrong and I am in the know?
I have said multiple times on different things that it ain't done till it is done and I have also said several times, no business plan survives contact with reality.
RRR is moving a lot of people into Bilbale, they need visas, they need accommodation, they need catering and so on. What you should be reading into it is that what is envisaged is a lot bigger than what you think. Getting 2/3 people there for a one week site visit, setting things up so that a lot of people can work on site is different. AB has said he is going out there for the start up of production; is he going to kip by the side of the wash plant in a sleeping bag and a mosquito net? You are the ones who said, it was a tuppence ha'penny operation not me. What you are running up against is that your snide comments conflicting with reality.
Are AB and Sam going to rough it out there camped out for an ounce of gold a day?
DYOR
Dogs - And it's for exactly that reason he should not be posting.
He's a clear insider and it breaks every principle of good governance that he posts.
Sadly his posting does the company absolutely no good at all.
What a joke of a company .
Only one thing guaranteed here is dilution
Mr Bell is only in this for himself and his cohorts.
There are far better opportunities out there if you look hard enough!
I bet in 6 months time this will still be limbo, but significantly diluted.
Some of you guys need to get a life,don't waste your life on this charade.
It's obvious something has gone wrong and helpful is in the know. You can tell by the Michael Jackson moonwalk he has just performed.
So why did the RNS say Within days(5th April)
Dukey, there is no need to constantly provide proof of how intellectually challenged you are; I have already taken note. Please explain why insisted no one would want to buy Musonoi and it was worthless, just at the time that Glencore was preparing to pay $430mil for it and the same with why you insisted that RRR would never get its Kenya licences reissued just as it was getting them reissued? Your judgement is zero in these matters. Anyway, are you supposed to be organising your new Trabant?
Yes Spec - I have skirted around it a lot. But being bold I don't think we have 200 tonnes which then opens up all sorts of questions about everything we were told about Lithium. The minute the company issued the RNS about first truck and then officially annouced we can't tell you anything as its all commercial in confidence the alarm bells rang as I said at the time volumes are not commercial margins might be.
I could be wrong in my suspicion but the company owe shareholders a clear statement about this 200 tonnes as it was supposed to be delivered late Feb early March and Mr Bell said judge us by our exports.
I think Maidit, there are enough people who share the attitude of your closing remark i.e. enough curiosity to currently keep the price stable. Like Heplful has said, it ain't done till it is done (same goes for anything) so I agree, "we will see" and it is with News that time will tell. : )
Export of 200 mt of lithium -so there was a plan to export 200 tonnes of Lithium but then reality interferred when RRR realized that they had no truck and no ore
I can see why their plan did not work due to reality
Unless he's playing games with us like he says he is on whether hes took up the placing.
Personally I think he's like a kid in a sweet shop he can't resist promoting this company. Sounds like as I rattled on about all weekend. The reality is doing business in Africa is really difficult and FASO might be slower. Welcome to the real world Mr Lundy !
WOW - It does seem like even Helpful ss back tacking at a rate of knots re BF, or is he just laying the ground work for his bum chums next excuse ?
That's the reality specinvestor99. And with the DRC payment as far away as it was 2 years ago, no sign of an asset sale (on the contrary increased holdings and spent more cash rrr dont have) no cut in salary, 24 mass dilutions in the past 2 years, have I missed anything?
Helpful is now massively walking back some of the ridiculous time frames he himself has promoted on FASO.
He's massively quiet on DRC and 200 tonnes.
The wait continues.
YIKES an admission that there is no business plan due to reality
A slick team where I work and everything is smooth, on budget and to the planned time scale. That's the difference between a professional outfit and a less well organised (cowboy?) team.
With 49 days? until the next mass dilution which will punish shareholders mistakes are unacceptable but unfortunately par for the course as far as Bell is concerned. Imo.
And you think that is all that can go wrong?
I said a while back that just as no plan of battle survives contact with the enemy, no business plan survives contact with reality.
What RRR/FML is planning is not a small operation. There is the movement of a lot of people, visas, accommodation, provisions, getting the kit there and so on.
Hopefully, we get some sort of update this week.
Fingers crossed.
DYOR
Strange indeed but to be fair it happens on other aim shares too . re sticky I guess people are that far under water that its not worth them selling . I've said before I'll wait until there is concrete news on DRC , Lithium and the wash plant that appears to have flown over the Bermuda triangle , At that point I will buy then watch it spike for a few days then sell before the price drops back to where it is today . besides there's probably going to be another raise soon . sitting on the sidelines for now
Yes helpful as I understand matters that it is how things are meant to be, the first consignment by air followed with the remainder by sea? When the company I work with ship equipment it is normally by sea due to cost. Anything by air and the tab is picked up by the customer as an extra. So (if?) this is a like for like read over of situations, maybe the partner has tried to charge rrr to air cargo the initial equipment delivery and Bell has had resign himself/rrr to receiving by sea due to cost? Just musing as to the delay? Just a handshake and no signed contract, what could possibly go wrong???
Is it just me or is maidit away with the fairies !
This could wind itself up and he would find plenty of positives.
Before I'm beaten up - using the term winding up figuratively to highlight Maidits relentless optimism nothing sinister :)
JFK'' I am sure even you a basher most times, must find it a little bit strange'' with these small trades lately with 4bil in issue ?
why so sticky ?
More trades today than half of last week combined , trouble is the last 9 trades were worth 38 quid :-(
Doggie, why can't it be both?
Too true NIKE'' and on the question of share issues, don't you find it a little bit strange that with 4b+ now on the Market and the jumping up and down about Liquidity issue wanting a fund raise in the past month, that we still seems to be a little bit short ? ''looking at the trading pattern lately since that 500m issue the 18th been announced ? I WONDER WHO IS HOLDING ON TO HUGE LUMPS OF RRR STOCK ?
as the Market don't seems to have enough to go around ATM... even the bad commentary posted on here for the past year has fell on deaf ears'' no one want to sell any in large enough quantity as if they know'' RRR will turn things around shortly'' and these prices will be a distance memory when 1 of those already discus x3 CO making RNS land , I really do believe MM will have to push price up shortly to at least 0.10p PRE RNS to prize some stock out of sticky hands.. to satisfy the mad rush when news come
we will see
Wouldn't surprise me if Bell was telling fibs again and the plant is coming by sea.