Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Whether Blair was one of the worst ever, depends on your perspective. When he took office the pound was worth $1.65. When he left it traded at $2.00. This was bad news for occasional visitors from the States, like me, and even worse news for British manufacturers (and miners) trying to sell their products abroad. But it was great for the people of Great Britain who were buying Chinese goods, and imports from other countries.
Since Alexander Boris de Pfeffel came in, the pound rose from $1.21 to $1.42 before dropping to its current $1.32.
Pretends what you prefer - 1) Liar and Self enrichment guru 2) Incompetent Idiot Those are the choices in this argument !
China is Britain's fifth largest trading partner and the UK imports twice as much from them as it exports. I wonder how much of those exports contain lithium batteries. Of course, much of the imported lithium from China comes from the US, in the form of Tesla and Apple products. And now you don't want to send any back?
@john Agree, with hindslight Blair is one of the worst PM ever, and he still won't go away!
@Foz We'll see. Probably too small for them to be interested in but I wouldn't bet against the Chinese buying anything at the moment! ;)
Apart from takeaways foz
“Uk only lithium play” eh? Do you mean Cornish lithium? Chinese not got a hope in hell getting a foothold there.
splatted
Think you are being a bit harsh on Brown, in all ways preferable to Blair, one of the worst (if not the worst) PMs ever. Brown sold Gold at the market price - very easy to critisise with benefit of knowing what happened to PoG afterwards. PoG is $1800 at the moment, would you like to tell me what the price will be in a years time? $1500? $2100? Also Brown kept us out of the single currency, so we have a great deal to thank him for
To be fair, is this really the asset for the UK Gov to grow some balls and draw a line in the sand? As much as I think this is a great asset and would like a better deal. It is in the Americas (outside chance; possible that the USA could lean on UK Gov to act? as it is UK listed), all of the early off take is going to Asia in any case, the BoD are totally on board! Unless something can be shown as not following regulations, and I think the BoD have done everything to undermine shareholders here. I can't really see a decent reason to block, although I still have my fingers crossed!
The long term problem here is there just isn't the will in the west (or vision) fund longer term projects. BCN wouldn't have had to go to the Chinese if there had been. That is why they seem to be hooving up all these great deals, because western institutions don't see a profit within 6 months!
I wouldnt be surprised if he gets hoodwinked by the chinese, ignores this latest warning and lets the chinese rape the uk only lithium play. Gorden brown gave away our gold for a song, now its the tories turn to pee away the lithium.