Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Exactly, the answer is there in the Q&A RNS.
£10m to pay for WA audit work, JORC application and buy the JV licenses is going to add billions in value to the company.
I reed this week end that the the share price was estimated @98 next year and the average this year was 33p so whats not to like about that ?
obviously BOD knows resource is higher than 104.6Mox PT
The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available, for example, in case the Rosgeo Joint Venture development this year results in proving a resource higher than already released (104.6Moz Pt eq) and only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.
Denby - I'd be more than happy with that. Longer term would be FAR more profitable for EUA to go it alone. SH would make considerably more money.
Everyone is so worried about us not selling. So,bl00dy what? Id encourage it. But if we get an offer we cant refuse (which it appears we have) then of course sell it and we all win that way too
TheGrouch
look at it another way by placing more shares and hence more money for EUA, have you ever thought we might mine these assets ourselves and take all the profits for ourselves
Being very low cost mines EUA will become TOP of the list as the SA miners close down supplies drain, metal prices then go north again and we are positioned perfectly.
No problem
Buy/hold/accummulate
GLA
forgot to add thats why buying the licenses strengthens our position - no-one else can get hold of the licenses without getting them from us. So we have more licenses which hold vast resources, we command higher price
Negotiations for the underground mines, possibly.
Not all of the Rosgeo licences apply to open pit sites so if EUA is in negotiations with deep mining specialists then it strengthens their position to show that, if necessary, the can raise the funds with relative ease.
Simply we have to buy the licenses first. We have essentially a first refusal on the licences due to JV with Rosgeo and these licences clearly hold lots of resources so that if a buyer wants in on our bushvled rival that buyer will have to pay more if we have more licences (presuming they want as much as they can get their hands -on) and will have to pay a lot more to buy EUA outright.
"After receiving a more sizable offer......"
The BoD can't do anything right. Bad BoD , bad BoD!
Mt and Flanks could be sold straight away ...., to me it looked like the Rosgeo JV was going to be later.
If there is a another bidder for ALL - Mt+Flanks+Rosgeo JV - we need to sort it hence the need for EUA to add the areas via the raise IMHO.
We may have all the resources but we don't have a mature business from a financial perspective. The buyer knows that and they can use as that leverage to their advantage in negotiations. By strengthening our position we can get a better price.
Newbie
A fair and good question that too I would like to know the answer too...
A question that I’m hoping won’t attract a tirade of abuse. Why do we need to strengthen our negotiating position? If we’re the ones with all the aces that will force the buyer to pay a premium for our PGMs, why do we need to strengthen our position at table?
ATB Pete
If there was a greater demand for these shares by us in, they can pick up more in the market can they not?