Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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....last i looked in the sp was 1.1p.......good luck all, not holding at the mo'
The sale of the asset is not linked to current SP in any way as far as I understand, unless of course someone is buying up shares with a view to takeover the company. It is linked to the value of the Asset and what one is prepared to pay for it. IMO ;-) So the asset will be sold not EUZ.
So the M/Cap is £3.35m @0.06p. If he sells at a discount, what should we expect the sale to realise in terms of increase to the current SP valuation? Any thoughts chaps?
Laurence delivered a fairly polished presentation. He admitted the territorial mistake and suggested it would be sorted at the next licencing round. Pointed out a similar sized mine (albeit in production ) had sold for $400m and that he was prepared to let our mine go at a massive discount. He emphasized the quality of the team , the location and above all the safe Iberian jurisdiction. The helpfulness of the local authority etc. We are however an exploration company and will require funding at some point next year. Hopefully we shall get the financials and geology clarified very soon and move from inferred to indicated (to comply with ASX rules).
Delisting from ASX and South africa was raised and explained as a legacy and not worth the expense to delist at the moment. Likewise the admin costs of 1m vesus 400k of exploration was also a legacy and admin will be seriously reduced current year.. Hey Ho. Laurence and T May do seem to have much in common. He dashes from presentation to presentation as the share price dwindles and the options shrink. Meantime we all sit back and hope he will pull a big rabblt out of his brief case. Fingers crossed for a better 2019.
Ectract also have a top class gold mine but no cash in manica
He is also ceo of extract and they are going down the pan rapid
1.3 million. Nows the time real investors make their money. If this share gets to just 10p, and I can see no reason why it won’t if it finds a seller or goes as far as mine, just that little top up will be worth £130 k. ( I’m expecting a lot more that 10p though based on what similar mines have done) all about patience and taking advantage of dips. GLA :)
Or they can change the name of the document from Scoping study to Scenario planning and publish the damn thing !! It doesn't have to be called a scoping study !!
Bricks that would be classed as insider trading as ot said they will sign an agreement to say they are not allowed to share info or buy any shares
Bricks they would be suspended from trading if they did that I have emailed and suggested delisting from ASX so they can publish...
So how do we know that these so called group of investors are not buying EUZ at the moment ?
If I was them....I would be buying every share on the market that becomes available at this price !!!
Get EUZ for next to nothing !!
A suggestion...if ASX wont let you publish the scoping study with financials...publish it on youtube via presentation or at least make it available on your website !!!
@Chez74 I did not understand that it will be published publicly. It will rather be distributed to Investor Groups within 24 hours. I did mail LR previously and quoted his respons on here where he specifically noted that it will not and cannot be made available to public.
Chez*
Chat just to confirm economics will me shown to interested third parties within 24 hours who are unable to share or trade as it would be classed as insider trading...
Here I’ve seen mainly of CEO scammers and LR is not one of them! Yes he’s guilty of getting a bit carried away with Justin and then not delivering (well he hasn’t technically not delivered we just can’t see the results) there are 2 options here....
1) Get the resource from inferred to Indicated so they can publish the economics
2) Delist from ASX so they can publish the economics as soon as delisted
2nd option is clearly the fastest and the one I see most likely!!
I am more than happy to cut my losses in any company when I’m not happy but I can assure you this is not something I’ll be doing here as if delisted (strong possibility) and Infill results are good (highly likely) then this will fly!
Let's see what there response is. Someone said on here it will be published within 24hrs.
Good luck Bricks; Big Cohonas. ATB Verbs
Agree. Last chance for LR with be full SS and figures he has promised this week. Imho
....the wrong way at the moment !!....Im going to take a huge gamble and buy some more to average down with the hope that the asset will be sold within the next few days or weeks as I cannot see this management team surviving unfortunately.
Yep. This is now down over 35% in less than 24 hours. He has a lot to answer for after all his promises!!!!
People must be desperate for cash, staggered at the price - bargain basement.
Don’t think LR should blame the market being down as an excuse.
The delay of the SS has caused this panic coupled with the naivety of not knowing ASX rules prior to publication.
Let's see what LR does now!!! Down 8% already today and Mcap below 3.5 million. Mess!!!
What's the story/history with Colin Bird? Been many negative talk on here about him, and also on other BB's. Now some investors have also told me they would not invest in EUZ because he is involved. Apparently messed up at Jubilee, and "now trying to fold a bankrupt Breamore into it". Now we have him as Non-Exec chairman and things are also going south. I noticed on the AGM results only about 38% voted for him to remain, with majority abstaining. Why wasn't he voted out? Is he really just a bad apple or does he also have some successes under his belt? I haven't sold as yet but REALLY starting to doubt this investment!!!
With the ss/ pfs now completed, (even though not yet seen by us), this does mean potential buyers, potential partners on a jv and institutions can move meaningfully forward. With additional drilling and environmental issues being addressed we are now able to move forward on many fronts simultaneously. Our options are expanding