Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Para has to supply 44,000 ounces of gold over the next 54 months; RRR has shares, warrants and a royalty. Do the numbers boys and girls.
(1) Andrew Bell says: "We are also a set of projects, of concepts: for ‘a man’s reach should exceed his grasp, or what’s a heaven for?"
(2) Andrew Bell says: "Sometimes it may be that these companies benefit by not being held back by the prosaic dullness of balance sheets or earnings, so that, undistracted by the light of common day, we may better hear the trumpets from the steep as they blaze, trailing clouds of glory, across the sky"
.....................
Well thanks Andrew you made that nice and clear for shareholders.
Who is we?
I am in profit here and have banked profits before. JMS has come to fruition; we just need the dividend confirming in the next couple of weeks and the cycle is complete. Steelmin looks okay; it needs a bit more work. DRC; AB obviously thinks that is a done deal now. On other bits and pieces he is close but not quite there. Para looks to be doing okay to me.
https://www.bloomberg.com/press-releases/2018-08-14/para-closes-c-18-8-million-us-14-45-million-pre-paid-forward-gold-purchase-financing-with-ppg-arizona-holdings-lp
The newsletter made me laugh, cry and angered me too. This guy is unbelievable. He talks a great job but we never seem to make money. Nothing comes positively to fruition. He should ask himself why have investors not be trampling over each other to top up here. I think I know the answer. Its about credibility.
Steelmin is producing commercially, RRR has stated as such. It is EBITDA positive, what it is not doing is generating enough cashflow to meet its full working capital requirements, as AB has indicated. He has indicated that RRR will support Steelmin through to profitability (not the same as EBITDA positive) in exchange for control.
RRR has funds at its disposal to support Steelmin but it could also do another YA Partners type deal where the costs are passed through to Steelmin.
For example re working capital, AB was interviewed and indicated that some kit was needed to add to the cooling system so that the plant could operate at 100% capacity.
If RRR goes over 50%, Steelmin gets treated as a subsidiary and its income figures get included in RRR's figures.
A newsletter is out, updating things.
DYOR
Dont think so, we are going to invest to take charge in the project.
RRR has cash to do so.
I've sat through many of Andrew Scott's interviews, both in person and on video, but have never seen him apparently so perplexed. The RRR investment case gets more and more confused and unconvincing as time goes by...
Steelmin not yet producing commercially and need further financing from RRR. I wonder if RRR will have to issue more convertible loan notes?
How much will it cost to get the cobalt asset in production?
https://twitter.com/Lazerblue/status/1036190171258073088?s=19
Same with UK stock: it is printed on the back when it is locked in till. The Registrar won't t transfer stock without the written agreement of the company during the lock in period. This means a trade cannot be settled with that stock.
Lock-ins are easy to enforce, you do it via physical certs or stock in an escrow account. For example, US and Canadian share certs can carry a "do not trade before" legend on them that prevents their trading (common because placings in Canada typically have a 4 mo lock-in).
It's harder if the holder already has the stock (and you're asking to impose a lock-in) but for new stock (eg vendor stock) it's a piece of cake.
Wouldn't it be great if we got Steelmin's August production figures and production figures on RGM's coal investment in the next couple of weeks.
So this guy that runs 1620 Capital in Australia does a good job of showing more than he should.
In this instance he takes some pictures of a 30mil deal involving a nice little LSE shell
RRR Red Rock Resources can clearly be seen on the contracts.
26 licenses.
https://twitter.com/Boardo65/status/1029254394150309888
Is the issue of £490k worth of shares subject to a lock-in agreement?
Kenya will drag on for years, Robins. The lawyers will see to that as the fees continue to stack up.
I wish they could sort out the Kenya business to a satisfactory outcome.
RNS
Update on JV Agreement to Develop Cobalt/Copper Tailings
Indicative Ore Offtake Agreement
75M Warrants EXPIRED
Separately, Jupiter is also pleased to announce that Tshipi and Mamatwan have signed the Co-Operation Agreement to advance the mining of the barrier pillar between the two mines. The barrier pillar mining will release sterilised ore that has a much lower strip ratio than the life of mine plan. Good for RRR and there JMS investment
Yes all back to normal at TSHIPI that was very quickly resolved :)
Can confirm, talks with SA gov. today, were successful
HALT over!
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02014092
I am a bit confused.Wasn't our Greenland asset sold years ago, lawyers paid a completion bonus and the money lodged in a Cypriot bank? I think it was all RNS'd at the time.
See ASX