Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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SOTRR - from what AV says, we're producing Ta now at roughly 10% of the tin concentrate number, and this is being warehoused as part of a separate offtake agreement. He went quiet as soon as that slipped out - guessing we should know more about that and when the Ta is being shipped/sold.? We've shipped 26 tonnes of Sn so far, implying we've also recovered 2.6 tonnes of Ta @ $150k per tonne.. Proving the concept of lithium stated as possible from phase 1 with only a modest outlay and this was covered by the convertible note funding in Q4, so look forward to hearing abt that and the project finance for phase 2, which was at advanced stage 3 months ago... Come on AV, don't be shy..
Absolutely the Crux interviews are a breath of fresh air. CEO's with nothing to hide have nothing to fear. The difficult questions avoided by many are asked from the perspective of a private investor and are a must watch for any share. I would certainly be wary of any company CEO that refuses to be interviewed.
In terms of our own CEO his confidence in interviews is coming on in leaps and bounds and is wonderful to see. He has every reason to be confident, this is a fantastic project and the economics just get better and better. There is little downside here and tremendous upside - you can get the gist in the interview of just how huge this resource could be. The Crux interview is a must watch for any investor.
With tin prices as they are and costs as advertised then with the smelter margin deducted we are doing little more than breaking even at this stage which is why that tantalite detail is very important for investors. However that is not really a negative. They are in early stage production and successfully covering costs on tin whilst learning as much as possible in phase 1 for the phase 2 design. The tantalite is transformational to revenue even at this stage so I hope for more information on this in future production updates - at least confirming what was said in the interview regarding ratios. Lithium news will also be welcomed and may attract a wider audience once we know more.
As I have commented before the phase 2 plan is pivotal, if it meets their self imposed dilution policy and is positive for investors I see a quick re-rate on the cards as the worries about dilution currently will no longer be holding this back.
I see this as a bargain at these levels.
pekingduck. Very much about agree about potential TO. Hope not as would like to see a yearly dividend payout myself. If all comes to fruition of coarse.
Worzel, i don't recall 24/7 being quoted earlier as the basis for 60 t/pm. However, throughput still needs to be quadrupled (more or less) from the Jan number to reach 45k tonne per month, so on the basis of monthly progress so far, and the ongoing de-bottlenecking, i'd expect them to need the full period till June + the extra shift pattern to get there. I'm no engineer but AV seems to giving a more cautious message here, relative to previous forecasts. Maybe the new VP of operations will show his worth and get us there quicker, which would be great for us all. I'd still like more detail on progress with the phase 2 feasibility study - if you go back to the November interims, he stated that achieving full phase 1 production would be the platform to focus on the feasibility study for phase 2 expansion - i'm hoping we're not waiting for it to actually happen before that work is done and i'd like to have seen some reference to what has been done in recent months to progress that. I guess the 9m odd shares that were issued in december in lieu of salaries and other costs have contributed to selling pressures since, as they get monitised, so can understand the weak SP despite the ongoing progress.
Still think this is a potential takeover/takeout story to be honest but only clarity on the terms of the finance package will influence what the options are at that stage. The company did get several approaches last year, the shares & trading vols are at a two year low, interest is also pretty absent - not saying it will happen but if you're going to pounce, this is often when it happens..GL
Not sure if this has already been posted but great interview and the interviewer doesn't hold back.
https://cruxinvestor.com/videos/afritin-mining---the-forgotten-ev-metal
There's a few other aim CEO's I'd like to see in front of this guy, knows his stuff done his research and doesn't pull any punches, but Anthony Viljoen also knows his stuff and comes across very well indeed.
Just over two years to get off the ground and into production, ok existing mine but how many other aim companies have been fart...g about for 5,6,7..10 years and are still doing f all, could name a few.
Just thinking out loud here guys. So AV has moved out the full ramp up into second quarter gives him a little more time to achieve nameplate capacity. I would think that amount of extra time would not be needed. Better to have a bit of wriggle room to get it right. Delay yes, but necessary imo. What I like is the fact that once this is up to full steam. They will then move onto 24/7 production. As far as I know, the 60 tonne pm was based on 6 day week production NOT 24/7. Unless anyone can remember AV saying anything different. If this is correct then that 60t PM will be exceeded by some way.
Last interview I saw AV stated the buyer will take ALL ATM can produce at 92% of spot price for concentrat . I understand that some are interested in the tantalum ratio to tin. Am sure we will soon, but think AV is more focused on sorting out these bottle necks first. Just my opinion that's all. Best of luck to all