Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I suspect you're thinking along the right lines, but I've a gut feeling it's bigger than just KX and Ghaghoo - James's presentation of a couple of weeks ago mentions a couple of other producing/potenially-quickly-in-production mines not far away (in Kalahari terms anyway) including Lerala which is the right size, location and on care and maintenance since the (local) owners haven't done anything with it since acquiring it a couple of years ago, and perhaps more significantly mines belonging to DeBeers/Debswana (though I'm guessing not Jwaneng or the main Orapa operation - too big/developed, too old, but Daamtshaa would be an interesting fit).
The concept of a joint effort for a mid-tier operation to mine and market diamonds from the CKGR with these components (plus perhaps others) is a strong one given that all the pieces are largely already in place, with production already happening or can be made to happen in short order. Then there's the whole Maibwe/Sekaka/Sunland prospects to add exploration and development of new resources into the mix, all of which the State has already stated it strongly desires (and, who knows, may even provide some backing).
Like I said earlier, big big stuff for a very small company to be involved in, and beyond exciting were it to come to pass.
Yes, that has been the plan that James has been wanting for quite some time. There is alignment there, just look at the presentation James have last month, that I mentioned and James reposted today on X
Could there be JV tie up be ghaghoo and KX 36 as ghaghoo is care and maintenance with processing plant as ll ready there
Techguru all good points and agreed.
The 'sudden' decision to make this move on KX36 cannot be insignificant, the very directed nature of James's presentation the other day was not insignificant and the specific mention of Ghaghoo in the RNS is, I suspect, not insignificant either. It all points to a bigger picture process of creation of a more substantial 'thing' being done in the Kalahari presumably with JV partners. It doesn't take a rocket scientist to work out who they are most likely to be - just look at who else has operations nearby plus the declared desire of the State to increase and polarise production in the country - and, if true, likely to big big news for a very small company. It would push TR and Mars into relative insignificance (even though they were, I know, the reason many of us bought in here originally and I share the frustration of some others re the lack of information). But circumstances change, opportunities arise, and this one looks very exciting indeed.
There should be plenty to say at MARS given the length of time its has been worked now both on the gravels and new blow. Furthermore when making a capital raise I would have expected data on MARS revenues in support/explanation for that action.
Great to also see James reposting this, telling us what can be the next Big step for BOD https://www.slideshare.net/JamesAHCampbell1/the-economic-diamond-potential-of-the-kalahari-of-botswana
I would think the annual report should be out anytime We will get update then Thorne river update would be welcome on the water licence
To be fair it was only a very small raise and it was done at market price. I'm told was just friends and family. They haven't raised anything for a long time so a top up before lift off isn't that unexpected
The market is a bit bent and at 0.5p its stupid cheap. If there was something to update on MARS it would have been. There are many things going on behind the scenes and there is an order to events
Big JV deals or potential takeover bids don't just get announced. I suspect we will all be very happy in the months ahead but share your frustration short term
However opromising RNS this morning
Have not been looking at RNS news or bulletin board for past couple of weeks.
Hugely dissappointed to learn about the latest capital raise and dilution to existing investors. I thought the story was that furher dilutions would be not needed based on MARS revenues.
Why have we still not been updated on MARS? Why is no one pushing for that and all the more so in the light of the new raise. Its time that BOD made more timely disclosures of key fianancial / performance information. Getting really hacked off now. James may be a good guy but leaving us in the dark does not sit well with me for one
VERY promising
How is this trading at 0.5p all time lows
Has to be a big move up from here now
Https://polaris.brighterir.com/public/botswana_diamonds/news/rns/story/xq82m2x
Echo I hear you.
I totally understand that you’ve nailed your colours to James’s mast. And that’s your prerogative.
Fwiw, were I James, I wouldn’t have put such a low placing price on existing shareholders.
But you’re correct, James now needs to deliver the goods.
Let’s hope his hopefully imminent news delivers a 100% sp uplift :)
Yes, we are all very much feel your frustration rich. The diamond market isn’t great at the moment and that’s very much contributed to the current situation. But the amount of work James has had to put in to acquire the permits for thorny river seems absolutely ridiculous. Personally I’m not invested in a company. I’m invested in James Campbell. He is very hard working on a fantastic CEO. Only time will tell as to whether we’ve made the right judgement here.
But around things off, I would say that is a fantastic buy for 4 million shares this afternoon :-)
Herein lies the problem imv when existing shareholders are effectively carved up by such a low placing. Many will already have spent their hard earned buying or topping up at considerably higher prices and may not be able or willing to throw more in at current levels. New investors can question what’s happened and be put off. It just leaves a bad taste in the mouth. I thought things were moving along nicely on my own investing account but now find my holding considerably underwater.
Now, I don’t wish to be overly dour and critical because it’s pointless. A company will do what it’s going to do.
And I’m not doubting that the share price can rise significantly again from here, if and when good news is released. But it’s going to have to be great news to drag us back up to a penny - at which point many of the placing shares and those bought in the open market may be sold, or have already been sold.
Time will tell but I hope the company delivers great news and soon. We don’t want the sp languishing down at these levels for long because in my experience a low sp can become a bad habit.
Aimho, best of luck to all
Wish I could buy like Echo, I added quite heavily some time back. Still have absolute faith and if I can raise more funds I will add although I don’t imagine we will remain at this level for too much longer.
No I’m not buying at current levels despite wanting to. Had a big to up at 1p quite a few months ago.
If ANGS comes good I’ll be ploughing it in here though
Given our placing level @ half a pence, I’m wondering / asking existing investors whether they will be buying more shares or not? Me? No
I couldn’t agree more Julian
2023 promised a lot but it’s been a torrid year.
Let’s hope 2024 brings the success we all crave
GLA
Let us hope we have reached the bottom of a thoroughly depressing slide in the sp,in a year which promised so much at the start. At that point we hoped to be mining Thorny River after a few months but instead an inexplicable delay occurred in obtaining the water licence ,diamond prices dropped sharply and such sales as were achieved from mining the gravels etc were evidently insufficient to cover overheads,hence the need for a raise.Weather permitting, I hope that we can at least speed up the work on the Marsfontein blow ,which I understand has been proceeding slowly owing to lack of funds
I can’t say that I’m happy about the placing at such a low value
We knew that it was coming, but we hoped that it would come after some good news.
The optimist in me, hopes that the Botswana government and the funding parties have taken these 76 million new shares.
That should be the funding done for the next 12 months. But we now need to James Campbell to deliver.
Posters on ADVN not sounding to impressed with the Placing either.
Anyone on Telegram have any positives to add?
I can’t say that I’m very surprised at the low level of this placing, but I can’t say that I’m very chuffed about it either. Wouldn’t it have been nice to have had some (expected/anticipated) good news released, resulting in a rise in the share price, and then a placing - thereby causing less dilution to us existing shareholders.
But I’ve been around the AIM block long enough to know that’s not how things are most often done. I get that those buying the placing shares want a good deal, but I do feel that it could have been achieved at a higher price. There’s now a 100% rise needed just to get the sp back to 1p.
Let’s hope that the good news we all hope for is real and comes along quickly after the placing date of December 11th !!
All imho & gla
I'll try to place here if I believe I can. Good work is occurring.
Thanks for sharing that JPW, don't get to hear that much info nowadays on this chat now that many have moved to Telegram.
GLA.
I speak weekly with James. Each time he is at these 'presentations' he is in dialogue with the people who we need to work with either now, soon or in the future. I appreciate that such information is not seen here via official channels. James is working diligently on Thorny River last Water Permit and future work in Botswana.