Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I don’t know that anyone noticed but this is the first time that I can recollect that the chairman, Mike Houston, has taken up near £50k worth of shares in the rights issue. For me, that’s a vote of confidence providing there’s no further lockdown or floods or a plague of frogs or................../////
Agree with your points Bmeister. BRD is now very close to an inflection point and will during 2021 reach the final stage of the mine where they will have annual revenues of 15-20m and profit from operations of 5-10m depending on diamond sales price. With reserve life of 10 years and a potential 5 more years. There will be a huge free cash flow from 2022. I think the share price will consolidate around this level and start to move up again in mid/late Q2.
Despite being very frustrated by today's placing, I've topped up to bring down my average. There were a few positives in the announcement.
They achieved average price of $423 per carat for the first two tenders of 2021. This is much higher than 2020 average of $290 and their 2021 forecast of $330-350
2021 Guidance being maintained at 34,000 to 44,000 carats
Costs being reduced to under $200 per carat by end of 2021. This would mean a profit of $150 per carat which would equate to an overall profit of $5.1-6.6m which is equivalent to their current market cap.
Agree that the placing and weather is disappointing but I'm in it for the long-haul and mcap is just ridiculously low.
jscapper, I'm sorry to say I agree with that. I love the story at Bluerock and it's still on my watch list, but it's a bit of a lobster pot from an investing point of view. To be fair the weather and depressed prices haven't helped but the mine appears unable to operate profitably.
Wait for 35p before buying for dead at bounce.
Seems the light at the end of the tunnel is never ending. Shafted with constant over promises from the exec, laughable how many dates and deadlines are missed
I did for years.
Then they made the share less liquid to trade so I stayed put then they issued more then more. Asset is good but are they ever going to be profitable? Me myself I just see convenient excuses to blame it on but I won’t post again as I know others are still here I’m just human and furious.
Anyway good luck to all those who remain. Apologies it may come good but for me this affair is over.
I know how you feel, I wanted to hold these, I like the asset but I can't do it.
I know 2 well known I can think off good luck to them it’s just too much jam tomorrow and excuse after excuse I’ve added to #EEE with my leftovers instead.
Some investors, good half a mil lost here.
I just sold my entire holding in this piece of crap. Held for three years jam tomorrow always got shafted sad to say lost over 20 grand but too much jam today tomorrow and the next day. You can check me out on this board over the years so I’m not a deramper but I’m out.
Load up when it gets to 40p
Placing for 1.5m at 40p
Glad I let these go a long while back, still be in a loss now, that would be three years.