Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think without something new i will bail at 5p if i can. They may surprise us which is why i waited ( that and i couldn't sell a reasonable amount) but i will not be holding my breath.
As for 12-15p, allowing for the dilution thats near 20p old money so higher than its been for 2 years . TBH if it has a reason to go to that level there would probably be a reason for it to go higher.
Les see what he has to say, getting out might be impossible anyway if they list the second placing and the SP collapses on the last 2-3 weeks of sells.
@highside id be ecstatic with 25p but sadly 12p -15p im done this time round not waiting anymore thankfully ive made some money back trading dddd on their last spike. Still under water here but hey hoe. DBA currently having an average of 9p its eyes on them i think for their investors they would want 20p before dumping. Question is, is how long do these new investors stick from 5p before dumping 15,000,000 shares between them is alot to dump. D Day for LR tomorrow lots of questions put him under pressure unless DBA and the other instos have done the dirty got in at 5p for a great asset then voted no to all resolutions... stranger things have happened!!!
I think 50p might have been possible before the dilution. Unfortunately the future they are projecting is not contusive with share holder returns however very good for ongoing remuneration i am sure.
I think if anyone saw 25p they would be doing very well now, as it is i think we may have just missed out on 5p :-)
MM i honestly think if Toral was an attractive proposition to be farmed out or JV'd then miners would be snapping at the heels of EUZ now. Fact is it seems after years of Data rooms and value events and about £10,000,000........they are not.
I dont think Toral is dead they wouldnt be looking for asset finance and the CDTI wouldnt still be offering their grant money they would have withdrawn it.
What im getting from this new strategy is a multi asset like UFO. As i said before very risky but could be very rewarding my issue is the risk and EUZ is now too high risk for me. is 50p + per share still there yes!! you cant change whats in the ground that currently stands at 3 billion with the upgraded resource if the new drilling has a chance of adding another 5 million tonnes thats great and the value of toral is significant. If someone wants to do a copper drill and it strikes well this project is through the roof and the value of asset could be 5-6 billion. Ive said this before you dont make money in mining by doing it yourself you JV or farm it out. Its like people who buy and sell businesses they buy them build them sell them the strategy is there its how you execute it and sadly LR has to change or he needs another CEO working wth him as hes not capable of doing the job. I cant fault him on his geology though very good technical GEO ust not a CEO.
Thing is Bricks i think the BOD and the shareholders have a very different idea of what EUZ is about.
To shareholders its a vehicle for Toral and thats how its always been portrayed and sold.
I suspect that the BOD now want a lot more for EUZ and there is the RUB.. thats not what we signed up for however I am sure that is what the new 5p guys have signed up for.
Basically i think, as you would say....we have been f"*ked :-) I doubt any of us feature in the long term future here. its more like thanks for the cash suckers now clear off.
We will never know Highside….they would be rather stupid to tell the world just how incompetent they really are. Dumb and Dumber will fumble on until DB give them the boot.
MMS are playing it the big one a few weeks ago showed as a sell...Interestingly when this goes to auction in the morning it jumps 10% on LSe website
I would be very interested to know why the supposed deal fell through ?
we ve certainly turned into a grown up company by the looks of SP
We will need a value event just to get us back to 5p at this rate. Shocking the way this company is being run
Could be sub 3p then by Thursday then. New PI's will be mopping them up. Interesting to see if LTH will.
Grappa - would have to agree with Highside: technically the second placing is subject to approval tomorrow. But we all know that that's a pure technicality.
I am still hopeful [optimistically confident!] that those who have joined the party haven't done so in order to lose money.
Even if the asset seems to have been written off by many on this board, I am also hoping that those new joiners may be able to help us navigate to a successful outcome and take Toral and/or EUZ back into industry favour.
It's just a waiting game now, until we find out what has been going on under the surface.
T
Grappa
All resolutions have passed
LR just bought in 30m new votes on the cheap to make sure :-) The seller today did well to get his away, i have had no luck at all in selling any quantity.
The SP is still being held up till after the 2nd placing, we have had 3 weeks of constant selling, there must be a huge backlog now, i estimate 2.5m from just PI's, the question now is will the SP hold up past Wednesday ?
I thought the second half of the placing only gets admitted if the resolution is passed?
The second half of the placing gets admitted from Wednesday, so will be interesting to see what happens. Again, I can't see any investor putting in more cash unless there was positivity around the corner, or at least within reach. Certainly not the likes of DB.
Time for that rabbit to emerge from the hat...
Yea, seems odd such a large sell before news.
Clearly someone wanting out and wanting desperately enough to pay below the BID, which hasn't dropped.
Are the trigger fingers on the sell button starting early?