Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Haha some common ground at last. Mind you Harlequins? I could have guessed :) Funny thing I've always had my suspicions that LR could be a Harlequins type! One of the most underrated players in the league - Ross Chisholm, always plays well against us.
I can't defend the indefensible, in fact as they don't have a defence, how could I defend them? For once Bobby I have no argument, that old and once proud RFC are now complete rubbish.
Shed you've obviously waded in before seeing my reply. Yes it's a mature suggestion but unfortunately with this guy any formal protest via email will fall upon deaf ears I can assure you.
That's a very mature suggestion Syntax, however as the moaners on here couldn't even be ar*ed to click into a Zoom meeting I'll doubt they'll have the capacity to write a letter. Guess it's just cathartic to have a good old fashioned winge, if the SP gets any worse I might even join in :)
Syntax that approach was tried with BZT when the Bezant Action Group was formed a couple of years ago. The man ignored all suggestions and was extremely obstinate in his views. It had to be done his way, wouldn't listen to the group even though we had a considerable holding between us, I think near 20% from memory. He just plowed on regardless. Now he's no longer at BZT. I see nothing different here. In a year or so when we need extra cash to complete the PFS I'm sure he will have no hesitation in diluting us again at whatever the prevailing price happens to be.
As a medium-term holder who is somewhat underwater, I get the concerns of many posters here regarding the share price behaviour, especially as the mineral resource underground appears to be significant.
However, I do feel that the regular and robust criticism of one member of the company is starting to become a bit painfully repetitive to read. Thats a shame as there are many other very interesting, informative and positive views shared here.
Surely the BoD as a whole have a shared legal and fiduciary responsibility for the governance, marketing and development of the company, on behalf of its owners. Would it not be better to put these significant concerns in writing to the new Executive Chairman? Perhaps some of you have already done this. And if that fails to elicit a suitable response, to request a meeting?
Just my 2p worth (thats all I have left :-)
Bobby, I think the Alba placing today was for 472 million shares.
Bobby, Your last paragraph sums up the name of the AIM game.
TP dont have a clue- they should not be brokers !!!
whats happening in dogsville
dont suppose lr can put a rns saying they know of no reason to make it drop
forgot, they only put them out when sp is rising to true level
49,130,649 shares issued.
TP value the SP at 34.5 pence.
MCAP therefore should be GBP 16 950 073
MCAP is actually GBP 4 544 585 @ 9.25 pence
The so called market values us with 2 million quid in the bank and all the work done to date on Toral, the remainder at 2,5 Million Quid only? Really ?
Time will tell…..
I suspect the only reason they were not exercised a few weeks ago... was that we would have had more money in the Bank than our MCAP was worth...... LOL :-) Now how is this possible ? ....very easy if ones a EUZ share holder. (only joking of course)
So with a potential 3.6 million quid in the Bank that should see us through to a sale,JV /mine...whatever imo. I dont see immediate further dilution other than the warrants. Once the ones at 18.75 are exercised I suspect we will be a lot closer to the end game. Hold, watch and wait. Otherwise buy....as I dont see DB allowing this to slide much further ... Best D
Just over 6 million warrants can be exercised 12.5 p ......these are .25p lower than the last fund raiser. Interesting.
4 million can be exercised at 18.75 p......
Source: http://www.europametals.com/site/investor-information/capital-structure
Pleasure MFM....at those exercise strike prices it should be a walk in the park :-)...I think that is why we are where we are now.....they could have all been exercised two weeks ago :-)
Thanks for the link to the proactive video Bricks. I hadn't seen that one. He does state it clearly there but in this day and age it's easy to miss one video when you're bombarded with content daily and are following several companies. So our CEO could have just reiterated that when someone asked him the question about PFS funding but chose not to.
If the warrants are taken up that will hopefully give us the cash further down the line to complete the full PFS as you suggest. Of course that relies upon the future share price being above the warrant strike price, something which cannot be guaranteed.
My calculations have included another 10million shares in the form of warrants which will be exercised imo and that will include additional funds of 1.63 million quid which should be more than enough for a PFS.
Unfortunately the more winning tickets as you put it Bobby....the less the payout...however having said this I fully expect the NPV to increase to a minimum of $160 m once the new parameters have been applied to the Scoping Study and that brings the value to about 2 quid. So still within my expectations at this stage of the game.
Its fairly clear here...."We havent raised enough money to complete the PFS" LR.
https://www.youtube.com/watch?v=mn34Inzj9m8
The institutions aren't going to invest on a hyped SP. The PI AIM investing herd will move to whichever feeding ground is in vogue and you'll see crazy rises. Right now we're less than unpopular but for me it doesn't change the facts that we've seen in a year of cracking work rubber stamped by independent reports. With the SP ailing despite that it's a cheap and popular sport taking pot shots at LR with the guaranteed social media style thumbs ups but everyone has to admit responsibility for their own actions. EUZ has always been low key on promotion (look at the website). LR has always had an unusual presentation style, these things have been prevalent for years but still people invest and then moan when they don't see the company front of house they want. Guess what you don't have to be invested in this, some contributors to this board seem to have bought a car they don't like, sold it and then bought the same model back because they're addicted to winging. Ownership of EUZ stock is not compulsory purgatory, though it does feel like it at times :)
Bobby I agree with you in so much that I do find EUZ's approach to PR as slightly odd and it is something I have discussed. You might be interested to know LR established and sold a mining focussed PR company for millions before going to Uni and studying Geology. This isn't just a put down for your "Until LR takes himself off to Uni and studies Public relations" comment but an intriguing (I hope) insight into their apparent ambivalence to promoting the company. As an experienced and successful PR man he has clearly rejected hyping the company because of confidence in the asset. The list of AIM explorers that work the trick in the opposite direction is endless, PR, hype, PR, hype and the story unravels when the economics get scrutinised. I confidently believe EUZ are doing this the right way round but I admit it is proving a tougher journey than I ever imagined.
STOP!!!!
Don't click that link - sorry - was the ******** post beforehand.
Vox interview is here:
****************************/articles/europa-metals-and-gervais-williams-on-small-microcap-funds-a313ddd/
Time.... is 10:23
T
I've just listened again to the podcast (not sure who was more painful to listen to, but quite possibly the delivery of interviewER..!!!).
LR states that raising was to fund elements of the PFS which they believe will most help derisk the project, specifically hydro, waste and environmentals.
https://tinyurl.com/ybr74wla time: 10:23 onwards.
No timings given for next updates though.
Helpfully on the 3 reasons to add EUZ to a watchlist, LR suggests people just do their now research. Gee, thanks....!!
T
bluestoneone - same irrelevant post spammed across loads of boards... reported.
Trade
As Bobby says they don't necessarily have to release via RNS but to direct someone to a proactive video isn't the answer either.
If you're asked a direct question to clarify an important point why not just answer the point? He could have said "I can confirm the money raised will fund the the entirety of the PFS". One short line and complete clarity. Instead he chose to refer to a proactive video.
There can only be two reasons for this that I can see. Either the full PFS isn't funded and he knows a whole load of other questions will (rightly imho) follow as to why they didn't raise enough. Or he is showing his usual dismissive attitude to retail investors in that he can't be bothered to confirm as in his mind he's already covered it once before.
If they didn't raise enough that begs the question why. If you needed more than fifty per cent dilution to raise enough then they should have taken it to an EGM and let the shareholders vote on it.
Taking a gamble that we'll get EU funding to complete the PFS, if that is what they've done is a huge gamble.
Has anyone found the proactive video LR referenced and does it clarify this very important point about whether the PFS is fully funded?