Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yes it was unfair for the people who lost out after so much promise. It was a reminder to all that investments are not without risk, no matter what the hype is. Good luck with this if you decide to invest.
Treble I was pretty sure the SXX stage 2 financing would go through, it only got me for 8k as I sold out before it really went but some poor buggers had their pensions in that :-((
cheers guys, I also agree that so long as batteries (proven tech) are a core part of the green revolution this is well placed. I haven't looked into all the stuff like est. production costs to revenue, but as I alluded to it's jumped from 23p to 45p and I still think long term it's a bagger. Glad to hear you think Gangfeng are a positive influence, I guess if they own half then they'll be keen to get it going. Anyone know the legal around the potential to issue more shares and Gangfeng take them?
Beevo, I was with SXX, got in and out at right time, with Anglo taking over at 60% above what I paid.
I have had BCN on my radar for over a year, I managed to get in first at 17.5 then again at 23.5 & even paid upto 62p. I am confident with this Coy and will continue to top up when funds are available. Not set a definite cap on what I will pay. This is due to the research I have carried out, which indicates that this will be good to hold long term. Ganfeng being involved does not concern me, it actually gives me confidence. DYOR.
Good luck
No Ganfeng and MandG are not investing to fund the directors. They are there for the Lithium and the 26%irr. This is funded and site clearance work and service roads are being prepared. 2years or so and Lithium will be being produced for an expanding market demand. It's completive in quality and price to the best out there. So hard rock extraction in Australia will be increased but will not be as profitable ad their costs are higher. I think they were struggling to make a profit and closed down some production until prices rise.
Looking for some insight/opinions from you guys if you'd be so kind.
BCN has been in my watchlist for a while, unfortunately I missed it move from about 23p recently as I've been stuck in Amigo since 2019 (following a bad few years of investments tbh with AAOG, UKOG and SXX to name a few).
I still have a fair bit of research to do admittedly, but I read the recent announcement that Gangfeng is now a joint owner and project funding is in place and wanted to get some views to keep in mind when reading backwards. I came across BCN years ago via Cadence and this development at Sonora seems to have been on the agenda for a seriously long time, is this actually the first time we've had the funding ready or has money been "wasted", how do you feel about Gangfeng and their motives?, do you think this is a bit of a lifestyle business or with Gangfeng on board do you think that will drive it now?
Apologies for all the negative questions, this isn't one of those "subtle" deramps I just got burned badly on AAOG and UKOG where essentially these were long-term lifestyle businesses for the BOD!
TIA and looking forward to the convo's