Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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No major skin in the game apart from the 4m shares he currently owns and the 10m share options he has.
Until Craig releases a quality meaningful RNS this is a busted flush
He may well do it any day but until he does this is all fur coat and no knickers
90m cheap shares to sell on and 45m warrants at 3.75p
Without serious big news this is treading water, look at ufo since their placing at 1.1p last November. Not moved a bean
Happy to watch ECHO go up 25% from Monday as I said it would
I’m holding these long term now but Craig has no major skin in the game really so he doesn’t care about dilution really just his gold mine. He has really disappointed me after all his rhetoric these past 4 months
There is a reason for the :-
Placing
No recent RNS
No licence updates even tho we know
No jv updates
No drill results from the 6holes
If it was bad we would know so it is pointing towards a positive outcome.
Watch your words JTB :D this lot will have the pitchforks out again on the next drop.
But yeah the placing took everybody by surprise, myself included but I’m still invested and optimistic about creating something big at ECR
I agree @JTB that's the feeling I have too. Its just as if and when he does scale up to maintain the quality of operation and of people comparable to what we have now. if they can survive as an independent once they actually strike, develop and become a producer - given the level of M&A that goes on in this sector.
JTB - exactly. Potential resources :
Blue moon
Black Cat
HR3
And exploration continues. Hopefully the trend continues and the assays show strong mineralisation at HR3 within a few hundred metres of surface.
Far easier to extract and more cost effective, pool the combined resources together and ship them to fostervillle or a nearby processing mill. (Not to say extraction will be cheap, but their job right now is to prove the project up, get an understanding of what we have )
Byron has been mined historically but not much at depth. Fingers crossed we find the good stuff down below and trace a source
That's a good nugget of information AG. Hopefully that's the reason we're still drilling at Byron and the nods to fosterville "at depth" was a wink wink. We can but hope at this stage
Another terrible day from ECR on the exchanges seems to be getting walked down daily now. Let’s hope we get some moving news soon.
I'm assuming that when you own your own drill and team the biggest cost of continuing drilling one site is simply the "opportunity cost" of having to wait to start drilling the next.
With our own basic lab the' will know what is in each hole even if we haven't had official confirmation back from outside analysis, so as others have said the logical conclusion is that they like what they are finding and see value in getting more data, otherwise they would simply take the drill elsewhere.
We can but guess.
The plan was to stick 4 holes in the Byron reef before moving on Mauri reef. All I'm saying is if they carried on drilling the byron reef i believe it to be positive. He wont be wasting money imo, he seems very astute that way
but like i also stated, until an RNS is released it's purely guess work but it's nice to talk about or you'd have a messageboard in "radio silence" from RNS to RNS
you guys!
You're analysis is rapidly approaching the detailed examination of CB's intonations and facial ticks.
Ezhik - You could be totally correct, that did cross my mind. But I would be surprised if they planned an initial 4 hole campaign, found very little and decided to stick another 2 holes in. If the first 4 holes were not encouraging enough, stick with the plan and attack one of the other reefs at HR3
Or, they had visible gold in hole 1 and naff all in the rest and have kept on drilling just to find something worth looking at. Still invested even topped up yesterday as long term it should pay-off but they havent been upfront with things lately inc these drill results.
It's not definite but I've got no reason dill to assume the assays in Hole 1 will not be positive. Why he didn't release them when he got them 6 weeks ago, who knows but i remain optimistic. The rest is just pure guess work.
only drilling 150, for the average hole, it would be very nice to get some good width (8m...10m...12m) but a couple of high grades would be welcomed. 15g/t
What's interesting is from the presentation it states the following
"The Company’s 100% owned drilling rig “Midas” is
currently on site assessing mineralisation at depth
with an ongoing 4 hole 705m diamond drilling
campaign."
A 4 hole diamond drill campaign at HR3 initially planned.
6 holes in, we may have completed the 4 holes and stuck 2 holes into another reef/location
OR
they were positive from the first 4 holes so decided to stick another 2 holes in :) which would be extremely positive and encouraging from the company. something to look out for when the RNS drops
Going forward what do you the think the holes 1-6 will contain? I think they will be just good nothing special because if they hit bonza grads would we have not heard about it by now?