Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It is worth noting that EQTEC do not need to raise funds to keep the lights on.
Any cash raise will be for an investment with high IRR and therefore should be positive for the SP!
€6m loss yes, but the equity owned by the company went up €10m
€5ish m in the bank
€3.5m profit expected this year
They have cash and are due a lot of cash so not really desperate for a fund raise, I'm sure there will be a nice pump if good PR a month before equity raise (these words may come back to hanut me butt if they do, I'm sure they will come with a nice JV cash injection RNS)
Agree.
But MetalNRG invested 700,000 euros into the Italian plant?
How much will MRNG be putting in the other 5 (or 6?) shovel ready plants?
Also from EQTEC point of view -
1. 10m from fund raise
2. Roughly 6m 2020 loss
3. 525k euros invested in Italian plant
Need some cash coming in soon(e.g. from North Fork?) or may require a find raise for taking stake in the other shovel ready plants?
Only £500k was designated for eqtec projects from funds raised at metalNRG recently.
https://www.metalnrg.com/investors/shareholder-documents/download?path=MetalNRG%2BProspectus%2Bfinal%2Bclean%2B11.5.21.pdf
From MetalNRG RNS - "MetalNRG will hold 26.66% equity in the SPV for an investment of Euro 700,000"
Which works out to 2,625,000 euros as total cost of the Italian plant.
And if EQTEC has taken a 20% stake then they have/will potentially stump up 525,000 euros?
Guess still some gas left in the tank after this?
Hoping to see the imminent Financial close on the Italian one this week and for the remaining shovel ready ones before end of Q2. If that happens SP should see an uptick.
Some really great posts over the last few days ~ Reg , aandi , et all !
I so agree with all the positivity , soon to be confirmed .
Exploit the dips , buy the drop , watch your capital grow ;))
I plan another little top up on Friday !
VGLA .
.......I can see DP strategy.....to get to market first.....using existing assets.....with revenues.....Reg
Kerching......these family offices are none deplumes for big investors.....Reg
If they are indeed going to buy those, how much cash do EQTEC or MetalNRG are left? Probably some more local family office investors???
.Eqtec......had five operational projects..... Movilsa Spain (Eqtec owned).....Syngas Italy (just purchased).....Belice Croatia (next purchase)....Polygen Poland.....and Karlovo Bulgaria......Could Eqtec/MetalNRG also be looking to purchase the remaining two?.....Reg
Pacifico.....Karlovo down sized to 1.5MW.....commissioned Q2 2015.....got it.....Needs a little research.....Reg
Reg. Tt seems the Kalovo plant had to be down sized before it could start operation in 2015 due to new National Government legislation that came into force after the build had commenced. I assume it operated at 1.5 MW until it was forced to close.