Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I have to say I am a little surprised that a deal hasn't been brokered yet. I was fully expecting AA to be participating in a drill this year. Obviously they have a lot going on in such a big company which could be the reason for it.
Totally agree Apr.....drill drill drill
I must admit I really like those Voisey Bay Infographics, but they lesson they teach is:
1) "Drill baby Drill" ... and then drill some more!
2) Don't let your licences go cheap and make sure you retain a share in the upside
I am in no rush for ARCM to do any deal, but if a deal must be done it is one where ARCM shareholders get decent upside share AND we fund whatever proportion of the exploration costs ourselves to minimise 'dilution' of our share in any JV agreed. We know we will be good for any co-investment as we have Kalaba plant production to look forward to as per Scoping Study.
However, I am in a hurry for ARCM to do more drilling at depth as I suspect what they have found to date is the tip of the proverbial iceberg and the more we know the higher the resource confidence and the higher any valuation once positively identified. They don't call the drill "the truth machine" for nothing !
ATB APR
I wonder if the deeper drilling is due to Anglo not wanting to commit to just 1 or licences in the area and it's taking time to get any additional agreements in place.
I agree about the Aus/Can comment but this sort of deposit is no longer available in Aus/Can and there aren't many left anywhere,in the world, hence the CEO of RioT saying last year he saw in future Miners would have to adapt to smaller /higher grade deposits-Tier 1s are like hen's teeth and it's looking like we may have a few-
The longer the share price lingers the more i can gather...one day the alarm will sound to signal what we have all waiting for.
Morning Kully. Yes if this was Australia or Canada etc it would be 10 x mcap atm.
It is the only negative with this share.
My and all shareholders dream...us long termers deserve this...another year wont matter to me
https://www.visualcapitalist.com/the-story-of-voiseys-bay-the-discovery-1-of-3/ Our BoD are not in the habit of wasting words ,and when they make comparisons it ain't just for the sake of it.
Fulmar think Africa is starting to change regarding foreign investment. Tanzania has a woman leader, and she is known for her diplomacy. The previous leader was knick named The Bulldozer, he didn't like foreign affairs at all. Tanzania is $50bn economy and growing at 8-10% per year. HE1 is drilling next couple of months time, awaiting seismic data. Also ACP are awaiting for the final mining licence and finance. So thing are happening, wether Zambia is also moving in the same direction is something I don't really know?
Corporate decision made by AAL years ago,following problems many had in Zam/ Africa-Obviously didn't see world Cu shortage coming otherwise they would have just ticked it over-One man knew and manoeuvered himself and us into this position.They won't buy out IMO because they won't be allowed-they could not justify paying what NvS is looking for -I repeat to all again " Voisey Bay scenario"
The only thing I can't understand about AAL, is that they previously owned the licenses. So why would they not buyout and develop themselves? Such a large blue chip mining company, yet hesitate to truly become bigger than RIO or BHP? With copper at the forefront of the Green revolution, its a no brainer for me…
Interesting comments Fulmar thanks
This might help-it's one of the things I looked at https://www.marketresearch.com/MarketLine-v3883/Anglo-American-Plc-Mergers-Acquisitions-11824784/ but their whole company strategy is about partnerships,from transport ,IT to mining-type in AAL partnerships and you'll see.
when AAL joined I looked at their previous but not only in Cu,look at coal gold and ally as well-can't remember the specifics-but they have plenty of form.What I couldn't quite work out was that they remained a minor holder in the projects i.e..40%.I guess they bring in a friendly face on their terms and always keep enough to have a say.There was no specific timing I saw,just a definite trend.
Thanks Fulmar,
Are you able to name a couple? At what point did AAL make the connections known? I had a bit of dig but didn't manage to find anything. I was wondering at what point AAL ever felt the need to make any announcements.
Yes.several and they tend to take a small % now,and look to share mine development costs with a larger partner later i.e. we would be taken out at a later stage when licenses have been proved up further and it gives AAL effectively a free ride
Is anyone aware of Anglo entering a similar agreement with any other company.
Peggy, I'm sure SP will drop if no no deal transpires. That's obvious.
However it wouldn't be the end of the story. The value of the assets will still be there to be unlocked either by ARCM alone or via another suitor.
Look at GGP., Newmont walked away from a deal and SP suffered short term. GGP later did a deal with Newcrest and the value of their assets eventually shone though to thier MCAP and SP.
Whether its with AA or some other partner the true value of ARCs assets, whatever that may be, will eventually be realised in its MCAP and SP.
Are you stalking me again Kully ? is that you I can see peeking over the back gate ?Right, it's injunction time again ! :-)) Lovely weather ,got the shorts on-- Not a pretty sight !
One thing consistent regarding anything to do with Arcm, is Peggy subtlety talking armageddon. Never once said anything positive, but doesn't want to sell? If you ain't happy holding, you can always sell is what I say. In fact all of his posts on lse bb is on one share only. No guesses there, its Arcm, Arcm and more of Arcm. End of post. How you doing Fulmar? Enjoying the weather?
I don't think it would be down for long peggy, there will be the knee jerk reaction as the news is announced , but I think plans C , D and E etc would become clear very quickly.
Stop losses could be dangerous here.
Why Peggy? The businesss can start a small mine and generate a decent fcf return by the of next year.
With others waiting , people want to do business with us , that is why AA wanted an exclusivity they don’t want a bidding war.
If it does drop a bit really does it change what is here and there is a copper shortage.
Must suck being a pessimist all the time.
Try this Peggy,it might help ! https://www.youtube.com/watch?v=jHPOzQzk9Qo