Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Well thanks for your views Shed.
I'll leave you guys to it then and I wish you all the best of luck :-)
Gla
Hi Oil that would be my guess. On the LR comment - wow that's pretty unguarded stuff, definitely a lot more going on than just the drill in the ground. I suspect he's getting frustrated about that and given you a bit more than he might otherwise. MyfirstM, I'm not being prickly but my posts today aren't designed to sooth because of anxiety with the falling SP I was just working at home today and got embroiled in some intriguing threads. I'm sure none of the LTH's here see their role as managing sentiment, just enjoy a discussion of what we're invested in.
B1ll, from the 25th Sep Assays "Such update, along with a new geological model, will inform the next phase of work for Toral, in combination with Wardell Armstrong LLP's metallurgical testwork, in order to move the project towards a potential mining licence application." (MC). I remember reading this comment at the time and being a bit disappointed as I'd hoped we were done with exploration however it answers a few questions. First that the work programme including drilling has been planned since September, secondly that the mets have contributed to the drilling strategy - so enough of what they needed to know from the mets is in and thirdly that they hold great significance in the new geological model. This is fascinating as they risked the already banked resource to establish this. I admit I'm not entirely on top of what they did and exactly why but it seems they knew, or someone wanted to see an alternative interpretation of the JORC. LR has described this as heart in mouth time or something similar so they didn't just do it for fun. Finally I think it suggests that this is intended to be the last phase of work. MC and CB are loaded with shares and LR is in it for his options, yes he's well paid as well IMO but they're thinking big and will want this done.
Hi people, with all the great news lately, and the SP down, we all except the SP to rocket on METS. I can see the market will keep it tight until we have a offer/JV. I hope I’m wrong. IMO. GLA .
@Gizzard.
Not all of my comments are negative - just the negative one's.
I would consider my comments to have an element of objectivity that has come from accepting that I am just short of 50% in the red.
All the facts and figures are out there and I have done my research.
At the current pace at which this project is going forward , I think more cash will be needed to 'sure up' Toral for a no risk buyout, because it's looking like whoever (if there is any anyone in the wings) is steering this project with a 'silent hand' is intent on the p.i's taking all the risks.
At the risk of sounding like our good friend Mapp (Sorry if you are offended Mapp) the directors are coining it in whilst our investment goes South and the big players are handed free cash.
I'm not de-ramping because that's just not my thing.
I'm still holding my shares and I'm waiting in anticipation for the big buyout.
Genuinely.......Gla!!!
Im personally not surprised at the speed of the drilling program. They diluted us to raise cash specifically FOR drilling, and as Gizzard says, it was planned. From my perspective the sooner they get on with it the better. additional motivation might include: a prospective buyer has asked for more meat on the bone, or further firming up METS results, but with both these scenarios there are price-sensitive reasons to not give too much info to the market.
Meno, order a few crystals for me too
...indeed, and very good feng shui !
Meno, I’d rather that they just issued a decent RNS that told prospective buyers and ALL investors what a brilliant asset Toral actually is. I can well understand ppls frustration at no news. Thankfully we’ve got a few good contributors on here that keep everything on an even keel. Good luck
.... and sidetrack to Las Médulas in case the Romans left some gold behind?
He mentioned about further drilling to be done in this presentation so they were always planned and not rushed imo.
Europa Metals Corporate Presentation Featuring Laurence Read
9th Oct 2019 08:49
I am only guessing, but my very first thought on hearing about a sooner than expected drilling campaign was that the mets /WA have thrown up a question that LR wants an answer to, possibly before mets are published (?). My technical knowledge however is not sufficient to answer, so I will put it out for others to consider.
I was not intending to post this random idea, but having read the posts today...why not add another thought.
B1ll. I always find your comments marked with negativity.
Newbie, Its quite obvious from the RNS they are drilling for diamonds !
Okay understood Oil, makes sense. Did you have a look Adriatic? LR cited them in the peer group comparisons. They have a lot going for them - a bigger range of assets and minerals, more cash from their recent raise, but overall not much more in the ground in value than us, yet they're about to come to market with a mkt cap over X25 ours!!!
I can't ever see there being a re-rate.
Warrant holders happy to cash in at 25% to 50% profit (assuming buy in price .025).
Slingshot moment will be when there is an offer for Toral - and only then IMO.
Beyond the Mets and current drilling program more cash will be needed to de-risk this asset anyfurther.
Gla
Interesting Oil are you thinking first drill which we know is west but inside the inferred to increase indicated, then to the east they will go outside the inferred to increase overall tonneage (but inferred)? Is this just a theory or based on something you've picked up in comms? Thanks
Thanks Oiltap....would love to be a fly on the wall when these discussions take place...I think they have already started and you are correct...would be nice to know who they are talking to and scope of discussions...after all we are paying for it.
Im with you Oiltap....but honestly how much more de risking does a potential buyer need ?? I mean the mine could be built and in Production by the time an offer is tabled at this rate.... :-$....and then no risk attached :-$
Are we still going to do a "bankable feasability study" you think ?
Thank you Shed
FWIW....the Cu was originally in the inferred and indicated categories as previously stated in NI 43 101 report....so this resource is definitely in the inferred zone......thats why Im saying this drilling RNS seems to have been put together rather rushed...also no depth etc....I mean...they could drill to the centre of the earth :-$ Lol....
Oiltap, a very good reminder about that. Well done, I have refocused again and I’ll carry on reading and learning. GLA
Newbie it’s just another way of saying converting inferred to indicated which I think on the evidence of the location is what they’re doing in the lowest risk manner possible while doing all the other critical work to getting through all the hoops to apply for a mine plan. LT keeps emphasising the other works I wonder if he thinks it’s worth bothering when pretty much all we talk about (myself included) is the drilling :)
Bricks, just my view of it. Unfortunately as you say it doesn’t give us a clue on the resource. I hope it turns out positive anyway
@ Newbie...it doesnt state which resource they trying to increase confidence levels with.....unless IM reading it wrong !!...highly likely :-$