Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It’s been mentioned on here any sale could include assets with great potential, which be all accounts and the low price paid fir the JV assets reflects they are potential vehicles must require a great deal of spend and time before they become anything more than potential
Surely then any imminent sale of potential assets would be far greatly discounted And any resulting dividend though substantial, would only be substantial relative to to the current share price , not greater.
The numbers involved are massive, so possibly too big to fund as a total payment from 1 company...so JV makes sense.
With the Rosgeo jv I think we will buy the remaining % from the Russian State then announce a JV. Like many LT holders, I want a quick resolution, but given how long this has taken I wouldn't be surprised if this concludes at the end of 2021.
I would dearly like a £5bn pay out and then a 20 year plus dividend.
To be fair, the list of options and potential deals is vast...including Tesla, Toshiba, Apple, Google, traditional miners.......the list goes on.
GL all...
I would love to see a jv. The company pays 4/5bill for a 50/50 share. We still get a massive divi and also a yearly divi. Gla
Interesting viewpoint Sharegar.
Sell MT and flanks plus 4xJV mines @104 m oz
This definitely equals “substantial “ dividend………..
Based on this the million dollar question is how much dividend this would be worth ?
Anyone got a calculator handy ?
GLA almost there now (surely !)
Mac, having thought a bit more about Semenovsky, whatever may have happened to it, mothballed or announced to be sold when the big RNS lands.
The gold recovery process at Semenovsky relies upon cyanide based chemicals the use of which would mean that EUA could not hold its prestigious ESG status.
Excellent post Sharegar
oink oink
Asleep,
I believe you will be very close with your prediction.
MT and Flanks almost certain to be sold. Plenty of hints, most recently was the conformation of the recent CEO appointment being only temporary ("Interim") at MT/Flanks.
It has been pointed out that we can not sell the JV because we do not own it. However, we have signed a binding agreement and are rapidly progressing the JV status as demonstrated by the recent subsidiary being set up to hold the NYUD licence. Bearing in mind the sale has not been announced yet then there is time to add some assets from the JV and maximise shareholder value.
What parts of the JV?
I think it could be the four low cost open pit mines in close proximity to MT. That makes sense.
Why?
These are the ones with the known Russian post FS resources of 104 Moz Pt equiv.
There has been plenty of hints in the recent RNS's. The company has referred to these 4 mines separately several times as well as mentioning their location as being adjacent to MT/Flanks.
WK: I would speculate that this will also be sold. Possibly a separate buyer?
That still leaves plenty of goodies for EUA 2 after the sale.
Five remaining JV mines to prove up resources and more licences could be applied for.
All the signs are looking excellent for a massive sale that could surprise even optimistic investors (although not Hoochy).
One contradiction possibly?
"Konstantin Firstov, former Managing Director of Rosgeo has been appointed as CEO of Eurasia's 100% subsidiary Yuksporskaya Mining Company ".
Some posters might say that this means the JV is not part of the sale because the role of CEO is permanent. I would argue that the role is indeed permanent because five JV mines will still be be owned by Eurasia after the sale.
That is assuming EUA were to take up their options on all nine of the mines from the JV binding agreement.
IMO GLA DYOR Sharegar.
Hate autocorrect……
Mooching. Yes, that’s exactly what I think is happening given the evidence we’ve seen. Currently getting rid of my plus flanks will on a balance sheet until resources are shored up on the Rosgeo JV qualify for 75% of the business at the moment.
Then once that sells and we know how much it sells for, it’ll be easier to value the other JV pigs as they come on line, and the SP will align with that.
Selling MT and the flanks will indeed be a marker for rest, and I think there will be multiple divis over the next couple of years… maybe hoochy was right after all? :-)
GLA and thanks for the moment of clarity, mooching.
PK
SEMENOVSKY was just a small gold tailings project Del, they've perhaps decided to bin in and focus on a PGM and Gold asset in Southern Urals that may have came up for grabs in 2019 -
https://twitter.com/AlexeiBoucher/status/1161627460787683328?s=20
Exploration is an ongoing process at Eurasia, they also have Ural assets they could go back to from Anglo JV days. Other licenses that were surrendered at the JV change.
Between the Urals and Monchegorsk, Eurasia have plenty to be getting on with.
GLA
Further to Richard Dugdale's excellent Tweet yesterday, I think WK is going to be our 'bread & butter', providing a steady flow of revenue with massive potential upside for further exploration and licences. A flag in the ground as it were?
I see MT+flanks as the assets being sold. This will provide windfall divi and retained profits for working up the JV's to a point where we can also sell on too at fair value or even mine ourselves, as we see fit whilst continuing further exploration and licence acquisition.
I think given the future direction of energy production and storage, the potential precious metal resources within our grasp in Russia, and an obvious intention to build local and international networks shows this could just be the tip of the iceberg.
Imo
I wouldnt be that disapointed if the BOD maximise value with a decent divi now then later we could be looking at a many multi bagger not that far away including more larger dividents as they sell other parts as we progress everything from here, that would also be maximising shareholder value, as TW would say just my musings.
GLA
Lots of views on this, however I believe that the whole MT area will be sold including MT, Flanks and some or all New JV assets. Licenses required for 9 additional JV assets paid for out of current cash balance. Thus creating a whole Kola District to the buyer with massive resource potential. Large wallets required to buy, therefore consortium. I am sure the BOD are close to announcements regarding the licences/resource data. Hopefully this info will increase the SP before the sale. IMHO
If all this talk of WK being sold and progressing MT is correct than the divi payment will leave many dissapointed... However it would stabilise the share price after the sale.
E101 please could you enlighten me on the class tests.
Actually it could equate to 75% of the business, as could selling MT.
There are around 5 different class tests to qualify as a 75% disposal and the transaction only needs to meet one of those tests to be classed as a 75% transaction.
Just selling WK would not equate to at least 75% of the business... Please read the RNS's.
I believe WK is a great small mine. Low cost production, clear development and expansion on going, demonstrates EUA EPG credentials and being ramped up so attractive future income generator. Oh and also 100% EUA owned which demonstrates EUA can also produce, great for negotiations....on other assets.
The WK statement where it mentions new management is a comparison to what EUA are doing now, justifying there current operational plans. Therefore, I believe no sale of WK.
To sum up what I can see on the company’s updated website;
SEMENOVSKY; no mention at all, is it sold?
WK; twice they mention “new ownership” has a sale been agreed?
MT; “transform EUA” into a globally significant player. Are they selling or progressing it?