Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Think it's the first time we've had more volume over on the tsx in one trading day. Could this be the bottom? I don't look at charts.
Not really a case of how low this will go, but how long it will stay this low for. I'm really hoping for a substantial Christmas bonus so the suits can hold it here just a little while longer please :-))
I hope so Cambells, would be nice??
nicaragua expected too export over a billion dollars of gold 2022 is mark in nicaragua to meet ministers too get this fast tracked
Well lets hope that while MC is in Nic and probably not going back for a number of months he focuses on the toll deal. I was only repeating what MC said in recent update so given we are so close he would probably have a good handle on things, afterall his background is finance really. We have assets so bridging loans l, often with option to convert to shares later so a good one for the lender normally but key is dilution after mine finance when share is 2-3x today. It can come with 25% interest but its probably a better way than another low ball placing as it will destroy shareholders value. What was once a 10-20% dilution and no issie might turn into 40-60% dilution which is a deal breaker today and complete destruction of shareholder value. JM is well known for topups in the public domain but its true he can only trade in certain windows. Lets hope he cant trade as toll is being finalised.
Simms, mc stated mine designs and fs for q1 and finance hopefully first half. There is also the non issue of purchase of the 3% 0f land. He also refused to rule out another raise prior to funding and I suspect fairly possible for spring . I think as usual the over optimistic reading of timelines will result in disapointment.
Agree with E l, volume is small and tbh much of the red has actually been blue. However I cannot see large investors diving in before finance unless a toll deal is anounced. Personally looking to buy back on the drop for that scenario. Lower to go yet imv .
Been adding cheap producers just like a few months ago. Although producers have dropped significantly during the last month many had risen 20 % the month previous and will move a lot more with a gold rise than cnr which has its own issues to deal with currently . Toll deal please.
Not sure I agree with that view Simms TBH. Any shares being sold from the recent placing at the moment would be at a decent loss. If they decided to offload at a modest profit in the high thirties, say, then it could hold back further upward progress for a while, but I don't really see decent chunks being offloaded at this level. The volume isn't there either. Any placing knocks the SP for a while, but it's usually short-term turbulence only.
Does construction finance usually also include extra for "working capital" up to production start? I don't know the answer to that question, but I suspect not. I also suspect you wouldn't be able to get a loan for "working capital" either.
JM isn't mucking about with 10K shares here or there, he wants millions. And again, there just isn't the volume around to him to get that many in the market without seriously affecting the SP. Plus, at any given moment, he may well have insider info which makes it illegal to trade.
Sentiment seems to follow the SP IME. When it's high, everyone's happy, when it's not, everyone's sad. Maybe selling when you're happy and buying when you're sad wouldn't be a bad strategy! (joking, but then again...)
Well given all the recent placement traders running for cover its a great time to top-up so good timing i would say. Really frustrating we needed to do that placing in the way we did it and not instead look at short term bridging loan leading up to finance early next year as we were heading back up to 50p before the wind was knocked out of the sails. If a lot of the placing dropped into slippery hands we have a serious overhang to chomp through. I suspect JM must be eyeing the share price with big eyes atm as its potentially a gift to him to further increase his holding well below the placing. Only way out from this painful spiral i can only sse as the toll in all honesty. What a fiasco. The way things are going MC will need to get a lot more creative on the finance, maybe find joint partner to take a share of the mine and keep dilution down.
Well I have decided to dip my toe in again with another 11k buy at 28.25p
Never thought I would be able to buy again under 30p … let the fun begin!!
Agreed.
It's the usual low volumes of selling, again driven by boredom. Looks like one or two are dipping the toe in hoping that a bounce is due but it wouldn't surprise me to drop another penny or two before lifting again.
The last placing funded us for quite a while so I'm not too sure why people have chosen now to bail out, unless it is indeed the yawn factor. All the other stuff is pretty well known, local politics etc. Gold and silver performance has not helped. I would have pinned that on crypto but performance in that world has not exactly been stellar recently.
More tripe presented as analysis. I think it's just the usual, tedious drivel from so-called experts who know it all.
Who, months ago said "60p soon"?
You have to laugh.
If it's any consolation, we're not alone. We've held up better than Calibre over the last 12 months, believe it or not. GDXJ down 23.5% in the same time.
I don't see much volume, I think it's just the usual, tedious slump on low volume as PIs shuffle about. I don't see anything that would make me think large holders are selling. The larger trades I've seen look more like buys than sells as far as I can tell (although I don't sit glued to the trades screen every minute of every day).
But those who have been here a while have seen this before and it'll turn back up at some point. The question is, as you say, how low will it go. Awax, tester, myself and maybe even Seingred are all on record as looking for the bottom to buy back/more. No doubt others are too. So once the bottom appears to be in, I would expect a fairly swift recovery to what I would call the normal trading range - let's say low-forties. Be greedy when others are fearful, etc.
Who knows where after that. I'd given up on a toll mining deal some time ago, but surely MC wouldn't still be going on about it if it wasn't a possibility. He'd have to have balls of brass to be still bringing it up if he knew it was dead, and arguably it could even be considered market manipulation. So let's take it at face value and say it could still happen. Given Calibre's SP performance has been even worse than ours, I would say they might also be more willing to come to the table to finally make it happen. Clearly we are the weaker party in any negotiations, but that said, the market is not treating them kindly either, and their shareholders may cheer any collaboration almost as much as we would.
Just an observation from a fellow LTH.
Hoping that the winds of change aren't far away. Seeing the SP drop like this is a real sickener.
Like pretty much most of you on here this is not the xmas present I asked for. So lets hope that Mark and the board realise this and pull out the mother of all presents and give the market a juicy RNS to change the mood. Otherwise the kids are gonna have to rip their xmas list up and get the begging bucket out.
Come on Condor you know you want to start flying again.