Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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We should wait and hear what is said. The same happened at GGP before they took off. Look where that is now.
Accelerated drilling will cost more and working capital needs to be healthy. I also think it strengthens our negotiating hand in JV negotiations and prevents us from getting screwed over. Pleasing to see that we are not inclined to be a soft touch. It is also worth noting that the warrants will add further cash to our coffers once converted.
The signs are positive for me.
Fair play. Good that he’s Agreed to do the interview.
He can tell us we are undervalued, wont be placing, funded, visible gold, cheap to its peers lol
Facts and action is what we want
Not particularly sure r33. The Monday AM release makes sense. Start of a new investment week. And if it’s ready, they can release tomorrow too. But one way or another we will be hearing from Craig within a couple of days
Why release twice or are we going to get a Part1 and Part 2 again ?
Glittertip - just saw. I know they’ve recorded on a Sunday before, edited and released the same day
If this not what they meant? Release soon after they’ve recorded tomorrow, and then again Monday AM like they normally do
“ Yes, tomorrow evening recording.
We hope to release as soon after and again Monday AM.”
Stock Box confirmed CRAIG will be attending tomorrow and releasing Monday evening, I have expressed the demand for his interview and asked to get it before Monday morning so we are not blindsided again and can have a correctly informed decision on if you / I want to stay invested I’ll update if they reply to that post.
Stockbox confirmed in the last hour they are doing a recording with Cb for release Sunday and Monday !
Ridiculous answer. I’m invested in a Gold exploration company. If he has a head wobble and says he’s converting MIDAS into a crypto mining machine and ECR are balancing drilling with investing into imaginary money, of course I’d sell. Was that a serious question ?
How do I know Craig’s intentions ? Simple. He said they were going to buy a drill, they did. He said he wanted it deployed at Bailleston and that’s where it was mobilised. Since hearing from him before this “radio silence” we were on hole 2, were now near completion of hole 6. The intentions as far as that goes are self explanatory
I’ve stated a number of times my disproval of the RNS yesterday but the show goes on. No matter what comes out with tomorrow some investors are just going to question every word that comes out of his mouth.
Watch the interview, make an assessment and go from there. I don’t know what he’ll say, I’m hoping for an explanation but I want to move forward, not turn into one of these toxic boards that questions every motive moving forward.
AG
I re-invested in ECR as I trusted CEO like hundreds of here. So I didn’t invest in a company in whose CEO I didn’t trust but half way through he did exactly opposite of what he repeatedly told us.
It’s just not the CEO who runs the company. There are other board members too, three geologist. If they find grades as good as GGP then do you think alone CEO can’t sell the company for 2.2p a share. So I believe company is bigger than one man.
You are saying his intentions were to buy a drill and continue exploration at Bailleston, 6 holes in this year suggests to me he’s getting on with it.
How do we know what his intentions are? He has 4 millions in the bank. He can buy a dozen of Midas. As I said he could have raised any millions after the JV for Creswick and after he got results of Bailiston. He could have allowed us to to buy shares via primary bid. Why not???
You are saying you want to know from the interview what he intends to do with these additional fund. He may say he is planning to create a crypto blockchain. Would you believe him? Alongside with gold he wants to create a portfolio of crypto. Would you buy the story?
If I lost trust in the ceo or didn’t like the board, I certainly wouldn’t invest no.
You can have the best grades in the world, but if you don’t trust the ceo to make the right decisions then that’s where I see 0 value.
CB hasn’t done an awful lot to install trust but it’s certainly not an overnight process. His intentions were to buy a drill and continue exploration at Bailleston, 6 holes in this year suggests to me he’s getting on with it.
Creswick is dragging its feet but it’s certainly not dead in the water. Looking forward to see what’s said tomorrow and readjust from there. I’d like to movement on the second drill rig and lab.
Reading the RNS and pro active investors article I can’t see it. Says the placing gives them the funding for some time to come so it’s probably just a “more money in the bank” kind of placing for ongoing exploration purposes. And it’s for this reason I want to hear him explain to us how they’ve gone from being fully invested, to having to raise £2m.
A lot of interviews and social media interaction at the start of 2021. Your average joe investor paying 3p/3.5/4p for the privilege. Only to offer out 90,000,000 shares for 2.2p, it is a kick in the teeth for those buying on the up.
I kind of understand your PM question but those are rules, laws and guidelines the whole country is governed by. Other counties will have similar laws. Nobody is forced to invest into ECR minerals. There are factors which influence their investment here, the board being one of them. Maybe trust is the wrong word. But their actions. Are they saying one thing and doing another ? Or is there something bigger at play here for them needing £2m
Paul FG
We are not focusing on placing. We are focusing on why he needed placing, how he conducted placing and whom the placing shares went to. Please read my earlier post today. It’s not surprising more than 20 people like it.
Answering your second question why we are here if we don’t trust CB. I would ask you what makes you trust him? What statement or action of his has instilled trust in you.
I suggest you respect there are others who have been here long enough and have a good knowledge and can make decision when to buy and when to sell. I may have lost trust but if gold grades are excellent then company is a bigger entity than him and I would stay invested.
I would ask you one more question if the pm of the country you didn’t trust would you leave the country?
CB is not going to share price sensitive information tomorrow as that would need to come via an RNS. His previous interviews created what turned out to be unrealistic expectations. Hope he doesn't make the same mistake tomorrow. Can't afford any more falls in the value of my investment here....
Yes, this has all 3, well hopefully all 3 once the JV is finalised. ECR have applied for three licenses to extend its footprint on Creswick, this will be the hold up, out of the hands of ECR
Thanks AG. I knew there must have been one or two close by otherwise I wouldn’t have invested in first place. I like JVs. I like plants nearby. I like safe jurisdictions.
GGPThruandtru - The Ballarat gold mine is the closest to Creswick, i believe this is where the core from Bailleston has been sent to. Fosterville is around 25-30km away from Bailleston. There will be options and in a recent interview, CB discusses the high recovery rate the fosterville mine has.
I'm following Antipa Minerals. they have a couple of huge deposits and their 100% owned one in the Patterson region, is extremely exciting. They believe the grades are increasing and getting stronger the further down they go. It all makes for a tasty looking JORC reading, mining it is a different kettle of fish.
That's why both Creswick and Bailleston can be very rewarding. Limited strip ratio at surface before you start hitting gold within 100m, creating an opportunity for a simple open mine pit and potnetially ship the Ore off to existing mills. Although the first hole at HR3 was drilled up to 300m, the majority will be between 100m-150m, just like they were at Creswick. Creating numerous resources close to surface or within 300m would be a focus for the company in the near term, before looking what's further down at 500m+ below surface and weighing up options
CB wants to take Bailleston to production and tomorrows interview will give us a good indication of where the company are at.
Get all the cards on the table.
JV
LICENCES
ASSAY RESULTS
TEL US WHAT U KNOW
Good words PaulFG well said
Mine Development - one of the reasons I bought in and backed CB was the fact that he has done exactly this before. As @JTB has stated and I also concluded before buying, GGP gave away far too much to Newcrest to do this. If you listen to CB I don't believe he will give up this huge value to a JV if the price isn't good enough.
I know it's difficult to say trust the guy right now as many of you seem to have an almost demented focus on the placing (fact is that's the sector you're in) but right now I still back the CEO and his experience.
If you do not, ask yourself why are you still here?
Hi AG. Excuse my laziness at not looking this up myself but can’t pull myself to do work on this Saturday (or anyone else that knows) - what’s the closest working processing plant or dormant plant near us? (If there is one)
It may limit the upside but how much progression do you think a company like ECR can make on Creswick without a JV? To prove the resource up is one thing, to take it to production is another. Dilution would be innetivible. But I'm not talking about £2million, think more £15-£20million depending on depths/pit optimisation
The upside in a retaining a 25/30/40% Hold on Creswick in a JV would vastly outweigh spending the next 24 months sticking a couple of holes in. the JV partner would be carrying partial risk and will have to meet it's spending requirements each year for a period usually 3-5years. They'll also provide the resources, analyses equipment and expertise to hit the ground running and accelerate exploration at Creswick. Going it alone is certainly not the end of the world but it delays proceedings by some distance. With a huge focus on Bailleston, Creswick could be put on the back burner and just flipped on in years to come. Big opportunity in this JV to propel the company forward and is still a must for me
JV provide a degree of certainty by de-risking things but also limit the potential upside. I don't see a JV as an absolute black/white thing, it will be the terms that matter.
At the end of the day investment decision should be calm, emotionless and based upon fact.... until we get any new facts, one way or the other, we are too much at risk of having nothing but emotion to react upon, hence it is probably best not to react at all.
TBF Dill, not sure I'd be out but a large factor in my investment here hinges on the JV going through. It's a huge factor and an indefinite suspension or delay in the JV, sets the company back 18-24months and will take up a considerable amount of the £5.8m.
Jury’s out but personally I think many are jumping straight to the Dr Evil conclusion without taking a step back and waiting for the facts to emerge.
I haven’t sold and a lot of people that bought in here at 4p haven’t sold...... I just hope we get them other licenses but if I hear we are going Creswick alone I’m out.... once bitten twice shy!