Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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"The mill has undergone an upgrade which has allowed capacity to increase to more than
200tpd, with 15,000 ounces targeted in 2017 and 25,000 ounces in 2018. Based on these sorts
of figures, the company is expecting to receive royalty payments of US$227,000 (2017),
US$401,000 (2018) and US$580,000 (2019)."
Receiving £1m divi from JMS per annum and $400k royalty from El limon. Company already has over £3m cash not going to mention the JMS shares. :-)
Personally I think Migori will drag on for years as it is a cash cow for the Kenyan lawyers who will not want an early settlement.
"The plan seems to be that the company would bring the Macalder tailings into production
themselves, whilst bringing in a joint-venture partner for the Nyanza hard rock. The ideal jointventure
partner would probably be a Chinese company that is already active in the area, which
has good capital backing and so can move rapidly. Such a partner would not require a Bankable
Feasibility Study as they have access to the necessary funding."
The company is has said it is talking to chinese companies, this makes sense and i can see action soon. Excellent time to buy.
A sniff of this license back and then its back to the races, had a company listed on the mkt with only they migori asset one can speculate it would be valued over £12m.
RRR with cash and assets is only valued at 3.48m, ridiculous.
colin
edit not impending but pending
jms has an mkt cap of Aus$646.467M
they are debt free and throw out yearly profit of c.Aus$250m.
Unbelievable cheap, we own 18.5m shares in them and i can see it easily double, when will the mkt wake up? Already getting nice divi per annum, :-)
Colin
We have migori and an impending deal in congo to spend our cash, i dont want a divi if i did i would invest in ftse100, more interested in multi bagging companies with very good assets.
But where will the money go then maestro. Special dividend for shareholders? I don't think so.
Haha. And how much will shareholders see?
Must be great, rrr receiving 14% of mkt cap in divi tomorrow for its jms shares.
"he owns 8.85% of the share capital.". A cynic might suggest that he has paid for those with the money he has taken out of the loss making and ever-diluting company(ies) as a way to add them to the cross-holdings between RGM/RRR. Add to that the other directors holding and you can't vote them off the end of the gravy train platform. AB doesn't need to worry about the share price as he gets a massive dividend every month. All IMHO of course. There is no incentive for him not to continue being a failure for the shareholders. He can't be sacked.
Well AB continues to buy more shares, he owns 8.85% of the share capital.
Migori is going through arbitration it has been going on for over 3 years, we have heard from AB in the last few months we will likely get it back. I think before christmas we will get it back.
No matter what opinion you have on AB you have to admit rrr are cheap at the moment.
I disagree. I think Migori will drag on for years. You have itinerant local miners who's rights the Kenyan Government will want to protect and a bank of lawyers all racking up legal fees.
Ludek Migori dispute has been going on for over 3 years, something is happening behind close door as someone is interested in the asset. Im convinced migori license will be returned. AB has said it will return for awhile now but im convinced. Time will tell... Rrr in strong cash position and further £500k divi from jms tomorrow.
"Could these both be lifestyle companies perchance?"
Absolutely. Without a shadow of a doubt. Two first class gravy trains. (Probably extended to a half dozen carriages with all the extra directorships picked up at your expense)
Is it an accident that both RRR and RGM are not rewarding shareholders? Both companies have a myriad of failed loony investments where no due diligence seems to have been done. Both companies have the same management. Both companies pay ridiculous salaries for failure. Could these both be lifestyle companies perchance?
Going on history, and also the immense challenges that would be faced by any operator (especially a tin-pot one such as RRR) in that jurisdiction, I would have very little hope of anything coming out of the Migori asset.
i have said it before and I will say it again: the best thing that RRR could do for its investors would be to liquidate, sell or otherwise dispose of all of its assets, except for the Jupiter holding, release all proceeds as a one off dividend to shareholders, and then leave the company in a dormant state, feeding investors all proceeds from Jupiter dividends for as long as these are received. Of course, by "dormant" I mean that all but a skeleton staff should be retained, offices closed, all travel expenses ended etc. etc.
Of course, AB will never do this.
MrMagic is back.
Still havent answered our question, 6 years posting negative posts but you cant short this stock so whats the point?
Another £500k coming on wed to RRR. :-)
Kabaa: "misinformation about company liabilites"
I notice that as ever you are happy to slander people and then when challenged go silent. Please have the decency to tell me what misinformation about liabilities you refer to?
Would you care to hazard a guess at where those liabilities stand today ? preferably backed up with some substance.
This can jump 50-60% quick Imho
Progress is being made, they finally have reliable income coming in. Jms is valued at $0.33 per share, analyst saying its worth much more. At present worth £3.3m but giving us £1m divi per annum. Interesting indeed. Company confident of getting migori licenses and getting partner for project. Mkt cap of 3.5m is just too low especially taking the above into acc, if all the bears take the emotion out they toi will think rrr is cheap at present.
How many years have we been in a resources bull market now, and how many years remain before it turns again?
Bell has made so much of the last bear market and how it was to be expected that RRR would struggle during this period. Yet now here we are, several years since the upturn, and things don't appear to be improving here one iota.
Maestro - 10 posts in the past week.
3 on the company (very selective posts, ie...ramping bs)
7 posts laying into magic.
Who's got issues again?
Really strange for someone to post consistently and not have an interest in the stock, these post are not one liners also.
Very strange indeed, whats your purpose? You want investors to lose money? You want AB to lose company? Hes already a wealthy person and holds positions in various companies, so how does he lose out?
So whats the end game for you Magic, 6 years of posting negative i think you have a record
Kabaa, pray tell what misinformation has magic posted?
I'm sure chief litigation specialist Andrew bell would have nipped that in the bud if it were true.