Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Morning all, quick question. Wouldn’t you expect ratification to come before listing on GSE? Why list before it’s ratified? Surely it would be far less attractive on GSE if not ratified? Any thoughts would be welcome as always. GLA and happy weekend. CJ.
Ah yes, the Major’s letter that’s says jfdi - though in far a more ‘elaborate’, and perhaps Ghanaian-appropriate, style.
I’ve been thinking the price had been keeping in a narrow range for some time - perhaps ahead of Ghanaian listing. Or perhaps another *relatively* high offer is in the offing - but 37p would feel far too cheap!
A fair summary of all the noise, and addressing?
https://www.modernghana.com/amp/news/1279887/give-support-to-the-plan-to-mine-lithium-at-ewoyaa.html
This just needs EPA and then it will be ratification, and hopefully job done.
For the ratification, it’s a straight case of has it been done by the book, legal process, if not easy objection. However chiefs approvals etc. all in, local areas chiefs (not political) fed back get it done we need the jobs. So any objections risking an election (jobs ), would be challenging for an opposition party to say the least. Noise yes, but cancelling jobs/votes I doubt that.
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Https://thebftonline.com/2024/03/13/miif-and-gse-demystify-mining-as-an-asset-class-to-fund-managers-in-ghana/#:~:text=Ghanaian%20Pension%20Funds%20and%20other,local%20companies%20from%20mining%20activity
Not a bad RNS but just not what we want I.e. milestone news...
Ghanaian Stock Exchange listing surely the first to be reported...hope the next RNS is a decent bit of news....no more conferences please, positive updates/news please!
Really feels like someone/people affiliated to Ghana are suppressing the SP for a low entry price when it gets listed on the GSE. Just my opinion but cant think of many other logical reasons to be selling with the SP where it is as surely not many people can be in profit around this price.
Looking at the timing of the trades and pattern, this looks like a short in action to me
Make the update look bad, when in reality it isn't
The investment fund is committed, it's hard to imagine they will mess up this kind of opportunity
It’s always concerning when the share price drops in the smallcap space, so many examples of bad news dropping which inhindsight was obvious.l in price action. In the mean time i hope i don’t get margin called :-)
I just don't want you to have a nervous breakdown !!
Someones thrown in the big towel today guys
Each to their own, everyone sells for different reasons and so forth ... gulp
I know I know, I just get frustrated, only human
For the record, I just hold now for whatever happens, I'm not buying or selling any more of these, so frankly I may as well just switch off
But I know you 'd all miss my lovely musings :))
I think we are all being very patient.
Just disconcerting when the price has been hovering at 19-20p then drops. Everything looks good … so near and yet so far….
I think I/we/the market needs reassurance over the ratification.
I’d be surprised if they don’t ratify, what would be the point? If they don’t ratify then lithium just stays in the ground so of no benefit to anyone?
Or if one of those members gets paid off to vote the other way….this is by no means in the bag imo. The only hope is that the price is being manipulated down to allow the Ghanaians in at the cheapest possible price. Ratification is surely the only hand on the brake lever at this stage - knowing what we do. Fundamentals beyond solid…..the waiting is just a killer.
Lol swest calm down ..the politics is no difference whichever country you are in ..there are plenty in the opposition who are not happy that Ghana is getting the best deal ..we clearly think they are as do the Land and Minerals ..as long as when it comes to the vote every member of the NPP votes in favour we should be on our way..slightly disconcerting is when will that vote be ?
This drop is just caused by one share holder offloading. It takes very little buying or selling to move the SP so imagine what will happen when when all the good news finally arrives and buyers pile in. The SP will surge, which is what happened 2 years ago when it hit 68p! That was fueled by the spod price and pure speculative buying. Fundamentals far stronger now, with massive positives to come over coming weeks/months. The worst thing you could do right now is sell at a loss and then watch the SP explode when you're no longer invested. We just need to be patient IMO.
Being brutally honest. The Ghanaians concern me. the Company, resource , are great, but I'm afraid it will all count for nought if we can't get the jurisdiction out the way. I'd go so far to say the the jurisdiction is felling like an an obstacle now, a millstone.
NH keeps saying they are fully on board, if so, then just sign the blxxdy thing off?
Given the positive spod outlook, our price actions concerns
I do hope something bad isn't in the offing
Testing times indeed for shareholders, less so BOD whom are hedged via renumeration
Somebody/bodies firing off Sell clips of multiple thousand pounds today.
Accepting a price in the 18s, you have to wonder what they bought at. Or are they just bored, or a destressed seller in desperate need of funds...Or, is there some bad smell leaking that isn't yet apparent.
Personally therefore, and like many others. I want this Ratification and pronto.
I have averaged down along the way, but am personally now holding fire on more buying (despite the good case here), until that parliament puts pen to paper ...
Cheers.
Senderos ,I am not very patient ,things need to get moving. Another 4% drop sub 19p. Does Ghana want its economy to progress and flourish ?
Half-year report ready very well and highlights all the backing the project has, from Assore, Piedmont, to MiiF, to the Government of Ghana and we believe very soon another big fish with the final offtake.
The report also highlights the exceptional resource which has plenty of room to grow, world leading project economics and general progress made to breaking ground this year which is on track.
ALL feels refreshingly professional compared to 99% of AIM companies.
Swest, agree regarding the Feldspar, it can significantly reduce the AISC which is already very low. Might mean AISC per tonne of SC6 is $500-550, imagine that.
Nice half year report, we're getting there step by step. A lot of progress made, a bit more to do over the coming day, weeks, months and then ALL systems go. :)
Yep.