Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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NtM - in this market what price would a placing take place at and how many warrants would be handed out ?. From what was said by people who were at the AGM, Colin emphasised the need for a further placing to pay for blue sky projects ?.
Is what I see in the current s/p .
While I think this is very unfair in the first instance; going with that logic, such a thing makes much less sense - again - if CB has now decided not to spend any more money drilling Bushranger from here forward.
(or decided not spend any more money drilling there in at least the next 12 months, would be perhaps a better view for me to take.. as if the POC rises decently thru 2024, perspectives on Bushranger may easily change considerably.. and the xtr bank balance would more readily again facilitate further drilling there too)
The logic behind such a minus Bushranger valuation is, in my best deduction, that not only is Bushranger worth zero now but CB will spend millions more of Xtr's Africa Gold revenue on further exploring it and it will still be worth zero after that
As he may well have now decided not to spend any of those millions more on Bushranger anywhere around the current POC, then zero would be the harshest valuation that should now be put on Bushranger imho (again, zero is far too harsh a a value for it in the first instance anyway btw / imho)
And as I believe that the market will soon wake up the Manica Gold being worth at a very minimum 2p a share here .. my view that this will go back to 2p plus soon enough is plenty merited
IMHO & DYOR
When I was looking to buy in 2020 the SP was 0.040 and in May this year it hit 0.99 might have gone into the 1p range as well, I just check in ever so often if I'm feeling too happy, it's a good quick kick in the teeth!
WOW Profit of £450K thats huge... how many shares does that equate to?
I'm not selling at this price with the Gold figures not that far off, I'll think about selling some around then but I'll probably hold until it feels like a funding raise is being looked for (more podcasts and hype!)
I can hold for a few years if needs be, most stocks are pretty bad at the moment (why risk when interests rates are so high) I do kick myself ever few months though, when I bought in here I was weighing up Premier African Minerals or XTR and decided XTR was less risky, at the height of SP this year I would have made over £450,000
HL won't take 100k sell let alone the 250k I'm trying to sell.
The last weeks have been dead on AIM generally. More posts than trades !.
Not the blood bath expected. Wiser heads prevail this morning. 151k share traded this morning for a 4% drop. I agree with A4444 this is most likely due to late Fridays closing trade when some persons jumped.
GL still feels like a Blue Monday
That was because of the U/T trade on Friday
Ask / Bid is same as it was just before close on Friday...at the moment
Gonna be an interesting week.
Hardly waffle ma, just trying to give an opportunity to be able to base an NPV figure on toward value, other than just plucking a number out the air based on a comment from Colin
Just for a rough comparison toward a value based on potential NPV model. Assumptions can be made regarding reduced resource beyond 191mt high grade zone from recovery loss of BOS of lower grade. Majority inferred resource more heavily discounted upon final valuation.
Caravel at scoping study level back in 2018 had an NPV of A$1.1B, post tax IRR of 20% based on a resource of 662mt @ 0.28%Cu for 1.86Mt of contained Cu with a cut off of 0.15%. Producing free cash flow generation of A$3.1B from net revenue of A$10.6B over LOM
Similar open pit operation, not too dissimilar Cap Ex.
Consider about a 1/3rd of final BR NPV with be used as a rough valuation. Might just simply tie you in knots trying though but can envisage 100-200m value easily within reach within a couple years.
Why is 10p minimum seen as a bad return after re evaluating your position from 1-5p currently.
I’m sorry but it’s irrelevant what your averages are now, from here you investment is worth 1.5p to evaluate ongoing mid term investment strategy for BR alone.
Filter
Filter
Filter
This is real money we are dealing with here.
Time to filter the lunatic.
Give here a break chaps, it must be hard to type with your nose when they've put the strait jacket back on.
I bet those loud posts are bearable in a padded room.
KIN MENTAL !
Lucky, True . I have to say lucky i found myself with some spare cash a couple of weeks ago and was toying where to put it , top up xtr ? or elsewhere ? , eventually settled on a canadian oiler with a huge asset waiting to be exploited and have just about doubled my money in ten days , i will probably hold here for the time being but not commit any more funds . The game goes on ;)
BTTS
Sorry if you thought my post was insulting I didnt mean it that way.
I assumed you were not at the meeting so I apologise
MB, A mess ?, thought we were all doing ok till you got here ! :)
I think they both did gordie, or emplied it. Anyway, doesn't matter, its my investment that matters not words on a BB.
Back to soil, thanks, good luck with your future.
Lucky, i don't think it was andrew , maybe blue brazilian ?
Lucky. I am Gwyn on telegram. Your remarks re the AGM were interesting but did not influence my decision to sell.
Andrew. I normally find your postings interesting. This one I find condescending and insulting.
I repeat. For me it's about trust, not other people's opinions. You clearly are prepared to believe cb will take this forward. I don't.
Andrew, I still hold 2 million shares. So for you to say I'm trying to get the price down, it's a bit insulting. As you know, trying to sell in volume, is difficult. If I try selling the rest this week, I imagine I'll get an average of 1.3 for them? Maybe less?
I can't help venting my frustration on here, even if it means the risk of costing me money!
Lucky
I'm sure BTTS is Gwyn on TG.
You did not tell anyone to sell.
You gave your own interpterion of what you heard and stated your views.
Up to everyone to make their own minds up and be responsible for their own decisions.
Me and col was flying back to algarve , busy, busy :)