Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Err, this should certainly have 20x comparing to Lithium Americas' market cap.
250 year resource and you're telling me a £3 Billion Market Cap post-production is not being realistic?
Why do you think Ganfeng are so desperate to buy this out? They're not trying to buy anything else they're JV'd with?
Secker himself said this project is scalable, and even 200,000 tonnes a year isn't impossible with this
And I said 500p is what I'd accept as a shareholder. Not what we'll get.
@mrcautious "why havent you contributed to this board much earlier ?"
I just found it and bought into it at the low price of recent months, relying on Ganfeng to have established the bottom.
Dee will you calm down. Originally you said that the share price would by 20x once in production. Then you say that we can force Ganfeng to pay 500p as they wouldn't risk reputational damage. i like your enthusiasm but you have to start talking sense and back up your arguments if you want to be taken seriously.
Cheers guys. We need to get the truth of this out there.
Win or lose, we can't take this lying down - Otherwise we'll see it happen with the next gem we find.
Ok Borderbob - My final question to you as you are so keen in talking about (negging) a stock you are not interested in, why havent you contributed to this board much earlier ?
Or I could just be doing research for my dissertation on Investor Psychology. Or someone with little financial interest in this company but much larger financial interest in other lithium projects with potential and competent management. Or perhaps a screenwriter for a forthcoming BBC comedy about a club for members who have never been to Mexico but speculate about it all the time.
For someone with little financial interest in this company he seems to be devoting a lot of time writing about it. I say he, may of course be like Bob in Black Adder so inn these enlightened times maybe I shouldn't jump to conclusions.
I've now filtered, think I've seen enough
By “we” you mean the handful of gentlemen who exchange thoughts here about the improbable venture to which they have committed. You know everything else in the blog post also, but it doesn’t seem to have been written for you. It is directed at a wider audience that might not know that your CEO admitted lack of necessary experience nearly two years ago. That audience might not also know that the 50% option was granted to Ganfeng at the same time. More may be learned from the unreported, than from the case that is made.
Hope springs eternal, but reliance on Chinese benevolence must have its limits. Financing could not be obtained elsewhere because half of the project had been sold, followed by nearly 30% of the other half. What. Did. You. Expect!
FFS - we al know this !
Some omitted history:
July 2018 – BCN withdraws a planned $100 million capital raise.
June 2019 – BCN announces an investment and offtake agreement with Ganfeng.
October 2019 – Under the agreement, Ganfeng has an option to acquire 50% of the Sonora project.
October 2019 – CEO Peter Secker says a $300 million equity placing “in the early part of next year” will be more attractive as Chinese expertise, including in clay lithium deposits, such as Sonora, propels the project forward. “Everyone was saying we had a lot of strong shareholders, but we did not have any lithium operating expertise,” he said.
Great article. The board have stabbed shareholders in the back who have supported this company throughout the years. To state they are pleased with the offer is insulting, and the fact the board are not insulted themselves by such a joke of an offer tells all. The board don't care about their investors, your support for the project means nothing and without any question of doubt they will be receiving a nice reward for getting this deal through. All at your expense.
Hope investors can block it.
Great article, shows just how undervalued BCN is.
This article asks the right questions
Excellent article Dee - very well written
Good find ! Sums up exactly what most people on here have said and raises the question again - is there something fishy going on here with Secker and crew ???