Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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https://www.google.co.uk/amp/s/www.dailyfx.com/forex/market_alert/2020/09/18/Copper-Price-Forecast-Bulls-Push-Price-to-New-Multi-Year-High.html/amp
Cooper looking good, shame it’s not reflected in the sp at all, last time copper was this high ARS was 10p+ good time for deal though, any week now
Just share the response you got, warts and all. No need to spend a couple of days rewriting its content to suit your agenda.
Thank you for sharing GGG.
Brave investor I must say, sadly not personal cup of tea, every single time I have invested in African companies I have lost money.
Hi TheItalian, I don't want to be seen as cross-ramping but the other stock that I feel will at least double before year end is nccl. They're due some key pieces of news in the coming weeks that I believe will take them up to the 6-7p level (currently 4.5p). News of tariff approval by year end and it will be 10p+. It's in the run-up to FC, which is expected to be less than 12 months. I cannot see it lasting until that point (without being taken out by it's Chinese partner), but if it does it will be nearer 20p on FC. I'd consider myself a realist on most expectations and don't see these numbers as 'pie in the sky' predictions. But then again I hold 3.75m shares @4p in the company so I'm going to say that. It's also a coiled spring at the moment. Very good entry point for now.
I was in hzm until recently. Wonderful company and great mgt. I made 200% profit in the end off 3m shares. I think it may drift over there for a bit longer and feel it's a definite +50% over the next 12-18 months, but I don't see as multi-bag for a little while (unless it gets taken out in part or full). If it drops back to the 6's I'll go back heavily into that stock.
Oh, and if you want a super speccy I'm also in zioc. It could be a while yet, but when that stock blows it will be the stuff of legend. I continue to add a small part of any gains into that stock simply for the thought of one day waking up a multi-millionaire. I won't mention the other baggers I have an interest in as I haven't finished building my position in them just yet. I'll take a look at your recs below. Good luck here and elsewhere. Just need bloody ARS to get off it's ARSE now :)
G-G-G, care to share the name of the future multibagger?
I can see COBR, OMI, ECR, HZM, all potential performers over the next weeks and months.
Much obliged, TheItalian
Agree joe and hitman. Although I'm hoping for the deal to be tied up a little earlier than 3-6 weeks. I have another company that looks ready to rocket (2-3 bag in next 3 months) that I'd like to up-weight in.
Plus now we have copper price behind us which makes the whole project more sexy. Exciting times ahead imo
I hold 1mil at 2.20 and aint bothered about how long it will take. Just hope for a decent deal - 5 years of project development, +- 70 mil sinked in, Manini holds a decent chunk so feck me if we won't do at least 4p
Eloro, he hardly berated PIs - he explained that an offer isn't the same as a deal.
The deal is complex and anyone with any experience of M&A knows it doesn't take weeks, it takes months.
The fact we haven't heard anything probably means they are busy thrashing a deal out to suit both sides - again, this takes time given the complexities.
IMO - we have another 3-6 weeks until we have a deal. Happy to wait.
Fingers crossed...
Nice one Ecwhke, let us know if you get a response.
Better idea was to ask the other side of the case. Email is on web site.
Tony M performance over the past few months has been disappointing. He got PIs excited regarding an imminent deal, and he then turned around and berate PIs for having unreasonable expectations over how long it would take for a deal to be completed. I will not berate him further because I broke my own investment rule of never investing in any Indonesia related companies after the Bre-X scandal. So, I will have to hope for a good outcome sooner rather than later.
Ecwhke, are you invested here? If so, send Tony an email outlining your concerns about the legal case. It would be good to know the response.
My view is this is a 60:40. I'm pretty frustrated that I've gone quite deep in this company as it doesn't have the hallmarks of a hzm (one of my other stocks until recently), mainly because of the poor mgt decisions made by Tony over the past year or so. He has again left the company with little cash reserves in the expectation that a deal will be done on reasonable terms. I'm hoping that he is indeed in talks with more than 1 partner, as his dealmaking abilities versus AE show him to be the weaker party. On the flip side, I tell myself we have a proved-up (dfs completed) solid project. It's relatively low cost and quick to build. We know it has quite large upside. It's multi commodity. We're about to enter a commodities super-cycle, and copper is performing well at the moment. We have 2 permits remaining (one important permit that leads to the other). We're deep in talks for financing with positive overtures by Tony that we're close to a reasonable offer (in his view) being agreed. We've also just hired a local CFO, which points to a deal being close. Finally, I find it hard to believe that Tony is so incompetent and stupid as to keep throwing his own money into a company that he doesn't feel will come good. Same goes for Bruce Feng, although I'm unsure what that f@cker has done to earn all his cheap shares. So in my view the positives outweigh the negatives.
If it all goes Pete Tong then Tony should retire. To have such assets and the amount of money that has been invested to get us here and start stumbling and falling in the home stretch has been painful to watch. Low cash reserves are what's gotten us here, and this was a problem before Covid so it points to poor mgt. This is Tony's biggest mistake. But if he can pull off the deal on decent terms then ARS could just get up off it's ARSE and start building toward double digits again by freeing the Beutong beast. I'm looking for 4-4.5p on announcement of a deal.
DOes it not raise issues of fever an ace especially around disclosure?
COrrect me if I am wrong but at end of last reporting period. ( end June?). $2M cash. Burning $2m per 6 months with approx half of that on Employee benefits. A court case for something like $300k is 15% of remaining cash. By most definitions that meets the materiality threshold for a contingent liability. It may or may not be successful but should investors be made aware of the risk?
What other matters are not being disclosed if this is not being disclosed?
Def not out of the realms of possibility tidd. My point is it will require Beutong to be shown to be similar to Alpala. In that case yes one could expect the mcap to rally to £150m+, especially if we have a minority share in a producing mine. Keep in mind that GGP have unearthed a huge gold system. One of the biggest on the planet, when the commodity is breaking all time highs and likely to continue on that trajectory for some time. We only have a few drill holes, and in Indonesia (not Oz). So we have nothing concrete in terms of Alpala type mineralisation... yet. FWIW I do think the sp will reach double digits again but only when they start drills turning again at Beutong and this deal is done and dusted on reasonable terms. But first the permits and the deal.
C'mon Tony, don't c@ck it up!
*Why is it out of the realms of possibility...
I would very much disagree, given the hype over at GGP pushing on to an MCAP of £910m.
Why are the realms of posibility for a £35m MCAP to rally strongly in a surging copper market with the right news behind it.
Yeah I don't see us getting back there unless there's very little dilution in the BK project and we show Beutong to be an Alpala (solg) type monster. The system is most probably similar, but the proving up will cost a fortune. To my mind we get to the first step of proving a massive porphyry system and then JV or get taken out. We'd have £150m mcap at 14p, but definitely possible when the deal is done and drills are turning at Beutong. How the mighty have fallen eh...
Wish I'd sold at 14p - hindsight, eh?
Not sure the relevance of any court case on unpaid consultancy fees here.
Main thing for me is the deal that's 'close' to being done. The issue is whether Tony can negotiate a deal that's valuable to his shareholders (and himself). He has undoubtedly played his hand pretty poorly of late. He timed his capital raises badly, and didn't have enough of a cash buffer in place. Consequently he gave away a significant amount of the company for very little to keep the lights on when covid struck. With or without covid we shouldn't have had such little cash reserves when trying to negotiate a deal. Tony alone is responsible for this position. Prior to this the project economics released in the well overdue dfs were underwhelming. As someone watching from the sidelines at this point I was genuinely surprised not to see a high 20's IRR and significantly higher npv. The fact there's a lot more work to be done to open up more value was also unexpected, as I was assuming all the drilling done to date would have opened up a bigger project then scoped. Plus there's the issue of outstanding permits. Best not to underestimate this last point as permits in this part of the world can be a real nightmare. Indonesia is well known as a brown paper bag country to do business. And sadly we don't have much money to fill a bag, which is why I would have preferred a local partner.
Having said this, we still have a decent project, with good economics, a relatively low capex required, and short build time. So the project can start generating income very quickly, which in turn will open up the wider regional play, which we know holds greater riches. If Tony is to be believed (stretch I know given some of his past statements) then the final permits are expected soon, alongside the critical investment to get this project moving.
So we just need to get that up-front investment from Aeternum where it's a win:win scenario for them and shareholders. I'm counting on Tony as a significant shareholder himself to make a deal that works for us. I see the downside here to be limited i.e. a bad deal I cannot see dropping the sp very far. Maybe to 1.5-2p range, but it wold need to be one hell of a **** deal to do this. My reckoning is an average deal will take us to 3.5-4p range, and a good deal will take us through 5p. I just don't see the sp retreating as Tony will have f@cked all pi's, Bruce Feng, and of course himself in doing this. If the permits arrive before the deal is completed then I see them taking us through 3p as well given it would further de-risk the project and strengthen our negotiating hand. I also believe Tony has pointed to the deal being close when hiring a local CFO, which simply wouldn't be done if they weren't at final stages. I currently hold 3m at 2.5p and nervously believe an average to good deal will be done. Mid range target 4-4.5p within the next month. GLA