Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Amtec
Where are the Termites.
Problem is the shareholders at blackrock have been waiting now in their 3rd year for finance, hence the share price going from 30c to 6c now, hopefully the funding wait is almost over but it seems many graphite players have been slow to get finance which now seems to be happening. About time too.
DYOR - On this BB a few months ago I vaguely remember a link posted predicting that Tanzania in the future could be producing 11%? of global graphite supply.
Small steps, but would suggest to potentially achieve this, some company needs to make the initial progression wrt infrastructure support , but more importantly with local Govt. support.
After that it's a wait and see scenario.
Positive article
https://www.einpresswire.com/article/686802581/tanzania-a-prime-destination-for-mining-investment
Raising $200 Million is significantly different to raising $50 odd.
Anything below $100m capex is reasonably easy to finance should the economics make sense.
As your Capex gets high (especially in this market), it becomes significantly more difficult. The key for BKT was to get the first package done, as it de-risks the process for further packages.
It's like getting your first credit card, which is significantly more difficult than getting your second, third or fourth.
@leathal1979 they are close to sorting finance right. I mean, it's imminent lol...
I've noticed many AIM company directors use the word 'imminent' so many times over the years. I don't think it has any meaning.
Should take that long, they’ve been in advanced discussions with several parties for 4 years plus.
Stringer, they haven’t sorted finance
If it's taken them (BKT) this long to sort finance, how long will it take ACP? Let's hope more imminently.
We’ve got movement and it was imminently downward….boom.
BKT seem to be nearing their final finance package.
Clearly, they have equity to raise and need to get their shareprice up.
https://x.com/blackrockmining/status/1755013109654441996?s=52&t=h-I0JGcjWbk9ayZ9iXK2pA
https://x.com/blackrockmining/status/1755011394976768317?s=52&t=h-I0JGcjWbk9ayZ9iXK2pA
This is likely to pave the wave for others waiting on the sidelines (ACP and EGR), and we should finally see some movement...
Dare I say, imminently?
I think we're nearly there, Wasa!
Hi Dee - I'm not putting any more money in (ACP or BKT) until one of the graphite miners gets the go-ahead and actually starts building in Tanz. Hopefully that's BKT and hopefully that's soon then we're off. I'm holding my ACP shares. Just think one of them building needs to be the catalyst and yes I agree until we know the terms on BKT. There will always be (Lassonde curve) a good investment opportunity when the initial investors leave and before build is complete where you can buy in for some return.
@jsd71 - They've been running that plan for the equity partner for quite a while. From what I know, it's something they do for DD purposes (to explore all options), and also more of a back-up.
@Wasa
I think you're nuts for considering buying in BKT.
ACP has fallen because of a lack of news, a lack of patience, and a poor market. We don't have to worry about the first mover costs. No re-settlement costs, no infrastructure costs, no developing of government frameworks.
BKT have fallen because the market can smell the dilution. BKT is progressing, but at what cost to the ordinary shareholder? They lumped phase 1 and 2 together which has led to a monster Capex and a coming monster dilution. BKT will be the flagship, but it's owned be professionals who don't hold many shares, and don't care too much about dilution. Their execs just need to get the project going, notch it onto the CV and then move on to the next thing. Job done for them.
As for BKT shareholders, the price there is depressed because of a combination of slow news from them, and the huge raises anticipated. Your money, but I think buying BKT after they massively dilute will likely provide a clearer picture, because I can see them 5 bagging in the meantime.
MMs desperate to claw anything in their greedy pockets, doing down other shares as much as possible to make sellers
at least this one been up since been in it
more news please
Sp drops by 10+% late yesterday, recovers back the full drop today - both on virtually no trading.
It’s open ended Dee we all know that. Just don’t trust a thing MB says. That’s the biggest lesson, full on charlatan.
From blackrock announcement, thought this was interesting -
'The Company is also advancing other financing options, including potentially bringing in a partner at the Project
level as a less dilutive option than equity. Black Rock has been encouraged by the level of interest received and
Macquarie Capital (Australia) Limited has been mandated to run the partner process.'
They'll have dilution but ultimately they'll also be successful as the size of operation and the backers (Posco). I@m tempted to buy some BKT, not instead of, but as well as. Which turns out to be the better long term investment we will see but I 100% agree with Dee on the fact that we need the major player to move first and until they do, we can't. Or, we can add $40m or something to our own capex but what for?
BKT are a bit screwed by the resettlement costs too which we won't have.
I had a 558 day buffer, so all is well :)
You were on the cusp of misleading then Dee
Black Road is very close to their finance deal, they will do most of the work in the area, we will be targeted to be taken over by them that I have no doubt!
Clearly AmTech, I was speaking colloquially. Allow me to a reiterate imminently.
If you wish to be specific: They have to pay for the power line extension to draw hydro-electric power, and the roads to transport goods and equipment.
Power and roads that ACP will not have to pay for, but will be able to use.
Be cheaper just to take over ACP°