Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Also found this statement in the presentation......
NPV calculation may not be made public....So in my opinion this sounds like a general rule across all SE's....
Interested to hear more on this subject.
http://www.srk.com/files/file/international-approaches-to-mining-projects.pdf
@Oiltap....you are 100% correct....no such think as Bankable Scoping study or feasibility study...its only Bankable if the bank accepts it as you say....Very clear presentation though on the processes involved and the outputs.
Thanks Oiltap. Appreciate your time in clarifying. Much appreciated as always...I agree with you on the deliverables....sincerely hope the drilling results are released today or at least this week otherwise it becomes towards end December rather than mid December.....needs to start choosing his words a little wiser if that is the case....which I hope is not ;-)
And a "book of rules for ASX"...... :-)
Still might be better spent with a map, compass and a great big tape measure at Toral.
Blimey he always looks and sounds tired enough as it is...
Laurence Read joining TOM just shot any chance of people taking him serious on EUZ ....what is this about ?
Feel your pain Bricks mate...
From the last RNS....The Company currently anticipates that the results from its first diamond drilling campaign will be available in mid-December 2018, .......Mid December is not the 18th.....it is the 16th.....when will they ever learn !!....when will they eve....r learn !!
Agreed @oiltap. Step up to the plate and prove every right and wrong!!!
News been promised, nothing yet!!
No doubt he will rise again when he finishes his paper round. I had him filtered. I keep watching ASX for an announcement. The drop today was severe and the diamond drilling has been promised mid December. Gla
That's interesting justsay1ng's actually been banned and not just gone quiet. 🤔
Need to somehow link a few dots....
Strong Scoping Study...without financials...
Very good NPV...by all accounts....
3rd Part investors have a scoping study with financials which we as shareholders cannot see.....
Two cockups in the scoping study...
JustSay1ing disappears.....
Dramatic drop in SP......
Is this actually being planned and manipulated ???
I have changed my view from weak buy to Strong buy.
Agreed, however all the positive NPV's being quoted are spot on and the assett spot on on all values. The problem is the BOD, confidence has gone and now the company needs cash to move forward. Unless we hear this I don't think we have hit bottom yet. Imho.
Have to agree. This is a fantastic asset but LR is the face front of house and at the moment he is struggling. The down turn is over done but aim is all about momentum and credibility. The lack of the latter has stopped the former. I only pray for better times ahead. At the moment I think we need a buy in jv to get it further. A raise at this point would destroy sentiment. If that raise is announced tomorrow then the ship has a leak as well.
LR cannot afford to miss another promise surely not!!!! He clearly stated mid December!!!!!
Thanks Oiltap. From my perspective it’s hard to tell from this information alone. I think 20% might be little too high but I agree with this as a ballpark figure for modelling purposes. Regardless of the exact figure, this still suggests that the potential of the asset over and above the JORC and subsequent NPV that we and others have estimated is very good. If Laurence can hit his next milestone - releasing the drilling results by mid December, i.e. this week - then that will help regain some of my confidence lost by the Scoping Study issue.
I have no doubt there's more to come and that the mine (if built) will have a 20+ year life span.
Yes it's probably overdone now. General market malaise isn't helping I suspect but I was bit befuddled by LR's performance with Justin Waite. The original interview that Lawrence did with Miles I found quite inspiring but LR seemed all over the place in the Voxmarkets one. Faltering apologies and confusing in his reply to Waite's 'mates' fag packet valuation - just seemed really amateurish the way he handled that and I think a lot of people have been spooked.
Car crash! Can't believe we are below 0.05!
Don't want to offend Nicnoc but that's one of those 'if I had a pound for every.....' on these boards. To be honest if you can buy below the mid-price it's simply indicative of a weak market, the fault is not with the MM giving you a good price to buy, but with the platform you're watching which then assumes it's a sell. Usually when you see people complaining about this the share is about to drop further as the offer drops to nearer what you got to buy at and the bid accordingly drops further still. More pain to come probably.
Would be averaging down from my initial .058 buy in ! Just had a top up @ .0465 hopefully we can move back up with a bit of buying pressure at these bargain prices .
This is now officially my biggest ever paper loss and my biggest ever percentage loss. Happy xmas everyone, time to be jolly and all that ;-)
Someone’s selling I can see this doing 100% from these levels on drill results tbh