Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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So you don’t need to forgive the debt for the license renewal
Over the last few weeks there have been lots of many hundreds of thousand sell with very little buys showing.......has someone a large buy order in at .40,
I can understand why the debt might not be paid while the costs are being contested by AAOG Congo with SMP, if they agree their equipment was the problem and £500k/£1m/£3m whatever is credited then 40% of that is rightly SNPCs money. So it makes a potentially valid “excuse” for them to “delay” further payment until this issue is resolved and what is due is confirmed.
Even though I don’t agree with non payment, and know in reality They should continue to pay and then just be credited against their AAOG Congo account for continued project development and their other debts.
I am convinced that forum did not intend to just pay salaries for incompetent directors with the cash that they put in. Without a doubt something is going on behind closed doors, as ever we will be the last to know.
Ah, but that would be sensible, Irish. Not sure AAOG are allowed down the logical path.
Why don’t forum and align join forces, kick out zen and the current bod, raise some cash,sort out the license and start drilling. The snpc debt could be forgiven in lie of new license fee.
And that failed acquisition was only worth £750k.
“ The unaudited net value of Nordic’s equity presently stands at NOK 8,800,000 (equivalent to approximately CAD$1,270,000 or £750,000).”
They walked away from Norway on 9/12/19 for the following reasons, so how can they justify Congo with their requirement to fund around ~$10m in total?
“ Due to unexpected complications and potentially high costs to complete the Proposed Acquisition, the Board has decided not to proceed with the Proposed Acquisition. “
Some pretty damming LTH views on the Zenith board
"Zen is good as destroyed now, diluted and nothing to show for it. AAOG acquisition will eventually sink us, unless a black swan event. Sorry to be negative, wouldn't surprise me if Zen was but up for a pittance similar to AAOG for AC and Co in a private company"
"AC has to take responsibility of the SP haemorrhaging, he has been systematic in draining the value with dilution and ACs dream the radio silence from AC is getting worse , ive been in since Ipo and feel misled by AC empty promises and locked in at 8p at 50 grand paper loss, AC reputation is being decimated , AZER needs to updated one way or the other and AC needs to start being professional and stop hiding the market doesn't like being misled and this is the reality"