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 this who sold and who held doesn't make a difference. We all have our reasons and different exit strategies. Mine was initially for the long term but will be happy to sell my full allocation if we hit 15p. Happy to leave without a loss and invest elsewhere. Others I'm sure will sell at 20 or 30p for a tidy profit. Some will hope by a miracle we hit the TP magic 35p and if that happens I'm sure everyone will be singing from the roof tops and instant millionaires.
https://diariodecastillayleon.elmundo.es/articulo/castilla-y-leon/carriedo-afirma-que-gobierno-ha-confirmado-1554-millones-nuevos-fondos-europeos-alerta-que-aspira-5000/20210916175843031432.html
The Minister of Economy and Finance, Carlos Fernández Carriedo, said today that the Government of Spain has confirmed so far an initial allocation of 1,554 million from the funds, but warned that Castilla y León aspires to 5,000 million euros from the New Generation European Funds.
In his appearance in the Cortes to report on the degree of fulfillment of the objectives of his department for the legislature, Fernández Carriedo recalled that the Community claims at least six percent of the 84,000 million destined to Spain, of which half should be managed by the Junta de Castilla y León and the rest by the State Administration in our Community.
Of the 1,554 million from the funds, 415 million come from the EU REACT, 1,055 million from the Recovery and Resilience Mechanism and 84 million from Rural Development. He stressed that the Board adopted a proactive stance seeking, despite "the lack of information from the Government of Spain" to place the Community in a good position, and recalled the creation of the Office for the Coordination of Funds of the European Union, in September 2020.
In addition, he highlighted the preparation of the document on Recovery and Resilience Initiatives in Castilla y León and a Project Library, which so far includes a total of 458 proposals for an amount of 6,845 million euros, as a result of the public initiative, private and public-private partnership.
Raining cash in spain
I agree with your last comment which is why sold some at a good profit on the July spike last year, happy to admit I redeployed the funds a bit early and could have got a lower top up but that's life. So as you're saying nobody is weaving tangled webs are you standing by your 4th Sep statement that you sold out, as you seem very tetchy about the SP for someone who could actually benefit from a drop?
I would imagine most things are tangled in your mind :-)
Its my business therefore i dont have to work but i do most mornings as enjoy it.
No one is weaving tangled webs, having hissy fits or Naive...( I think thats covered your Thursday attempts to provoke) You seem a little paranoid but then i suppose i would be had i been sitting here watching my investment go down for years.
As i say its all about timing, some you hit spot on, some you miss completely but you should never just sit there because you got it wrong and hope it will turn out ok.
Editorial from Diario de Leon….
The end of coal mining and power generation has left basins fatally wounded. From the outset, the words ‘just transition’ were coined to define government commitments that have been deflated over time. Yesterday the first projects to occupy the Compostilla II space in Cubillos del Sil were announced. Perhaps it is true that a good number of hectares will be filled in. But obviously something much more ‘fair’ is missing, which facilitates industrial activity and serves to create a good number of jobs, although it will surely always be in a terribly lower figure than that provided by coal and thermal power plants.
Endesa's willingness to push things forward seems commendable, but the question is about the true commitment of the public administrations. Society must remain vigilant and press for the power company itself to act with greater determination and for the institutions to encourage, as has been done in other territories, the arrival of business initiatives that truly provide hundreds of jobs as had been announced for that ' just transition '.
Not sure that constitutes irony but hey ho you've found some safe ground by making a statement half of which I cannot prove or disprove though you were complaining the other day about delays in ordering some 'stock' from Italy, surprised you endure the hassle if you don't need to work. Bit of a 'tangled web' emerging again.
The only irony i can see is you still have to work and i dont :-)
Have a go because you stated you would sell out on the first opportunity after the Bank Holiday Weekend and you confirmed it on the 4th Sep. You explained your position very simply which was good of you. May I also thank you for the delicious irony of posting to criticise someone for posting and apparently having no work to do, priceless.
shedulike
I'm sorry but i dont think i could explain my position to you in simple enough terms for you to grasp it.
Don't you have any work to do today ?
If you follow Junta on twitter you might get an update @jcyl nothing there yet.
If you follow Junta on twitter you might get an update @jcyl nothing there yet.
There is a meeting being held today…..news soon I guess.
The Futur-e evaluation table will decide today which projects could be located on Compostilla I soil
The meeting will be telematic and will be held between 10 am and 12.30 pm. A multilateral meeting in which the participation of the director of the Institute for Just Transition, Laura Martín; the territorial general director of Endesa, Miguel Temboury; the person in charge of the Futur-e projects of the energy company, Juan Álvarez; the general director of Energy and Mines of the Junta de Castilla y León, Alfonso Arroyo; the mayors of Ponferrada and Cubillos del Sil, Olegario Ramón and Antonio Cuellas; and several experts from the University of León (ULE).
Highside do calm down - you must have read my last sentence "For the record I believe we have options and there should be a good outcome", but you'd obviously rather have a hissy fit, so be my guest :) By the way on the 4th of Sep you stated that you'd sold out so why are you getting so worked up about it anyway?
Well as you have informed many in the past i am very naïve so I'm surprised you need to keep pointing it out however given most of the endless drivel on this forum regarding placings and going bust next week and so on i would imagine the management here pay little attention to it. If they had to address every bit of forum generated speculation they would need to hold a press conference each day :-)
I dont think they they will need to raise in the market, neither does BricksSA or Cri5p it appears , so let it drop and give the SP a fighting chance to react to the facts and not the speculation.
Might I suggest that on the current SP we are valued on the basis that the placing is a certainty which I feel will not happen until after the PFS. So the downside is very low because we are worth peanuts and the upside ...
Well the words were "certain key components", so the only certainty would be that when they raised the £2m they didn't believe that they were funded for components that weren't considered 'key'. Whether the subsequent grant / loan has changed that we can only guess so certainly plenty to justifiably speculate about. I certainly don't think the situation is clear at all, I noticed at the TP / Vox event the other companies stated their cash position. To dismiss this as purely a 'BB issue' is really very naive as we're going to have to hear about funding relatively soon, for the record I believe we have options and there should be a good outcome.
Lets face it, the reason they will not update on funding is the same as the reason you dont get rights issues here.
Any hint or advance warning of a placing or a shortage of cash to get past the next hurdle (PFS) is going to cause a stampede for the door and possible complete collapse of the company. At the very least it will result in a drop on the SP that would mean huge dilution. It doesnt take a geniuses to work that out and i doubt that raising in the market again would even be an option.
Do you think that they will wash bad news with good news.....politician style? So updated JORC along with offering? Would certainly look after TPI
I think the point is they said they were funded for the major components of the PFS, you cant be much clearer than that.
The speculation around funding is purely a BB issue here between half a dozen posters. Unless the original statement has significantly changed i cant see why they would need to reiterate that they are funded.
Hi Bricks - I just think it's about time we had some certainty over what we are or aren't funded for. It's a good debating point on here but while I admire much about EUZ it is a disservice to shareholders that it has been a matter of speculation for so long, IMO.
Warrants exercisable at 12.5p each on or before 30 April 2022 ….5,333,333 as well…..
Plenty of juice in the tank :-)
@money…we are all assuming we paid SPI market rates for the drilling campaign…which was extensive…but I honestly would not be surprised to see once we get the financials that we got it done on the cheap as after all they will be taking a third of the revenue for the sale/use of the anti deviation software. My guess is we have enough to fund until the end of PFS anyway….
But yes…it’s a subject that needs closure and we can only wait …hopefully news on this front soon…but chin up….big news coming I am fairly confident.
Given that BD paid 12.5 at the last raise and the SP is still 32% down on that he might have a problem selling this to institutions. Also bear in mind they would want a sizable discount on the ave price over the last 30 days IMHO. Another year of cash could easily be a 50%+ dilution. For this reason i think Lawrence must be working on an alternative solution with Adam Habib
Doesnt really help us for the next 6 months then. Guessing LR might have to rely on banks to get the money. Alternatively will he do a Capital Raise to private institues again?
I think the reason we're hearing more about the copper could have something to do with these recovery funds. It has always shown up (as Bricks noted we even inherited a non-JORC Cu indicated resource) but they were always curiously reticent about what it might mean for us. Getting it up front improves our profile as a contributor to the electrification transition IMO.