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.
XDENTIBUS.
I’ve just listened to the discussion you posted by Ed Steer.
It sounds quite amazing how the top 6 bullion banks can do what they are by
Holding so much short paper silver it mind blowing how it’s manipulated to such a masive degree.
Let alone a few million traders gang up on the short traders with GME and they basically get shut out and stoped from trading when they started to gain the upper hand.
Why don’t they lock a few of these dodgy banker behind bars instead of just handing out mega fines which they can easily pay
Well I’m not selling any of my FRES holding it can just sit there and wait.
ATB and keep holding it will come good.
Ken
thanks carvegyber. Hopefully be good. I am hoping POLY will have a good one too. Maybe they might lose a little bit due to the rubble vs dollar.
For 2021, if PM prices stay at current levels and gold production hits top of guidance, we are looking at $3b revenue which would bump the net profit up to $1b level. Should be 1500p once that is evident.
Should PM rally from here, well......
Yes, I did this yesterday. I reckon revenue will be around $2.6b while costs remain the same or below. This will give us a net profit of around $500-600m which will be 150-200% more than 2019. Massive growth! despite lower gold production.
For 2021, I reckon gold production could surprise on the upside for 2021 but we have to wait until at least at the Q1 production report to find out.
all, any idea what the 2020 final results next week are expected to be ? Any back of a fag packet calculations ?
https://www.youtube.com/watch?v=wtxr_yXDXTo&t=42s
Excellent discussion!
"The FREE market is always right".
FIFY.
to what purpose? unless there is a load of liquidity lower down then forcing the price lower doesn't help them. In markets the price is always right. I am betting that the current price of Fres is undervalued compared to the price of silver and future prospects. Shares always undershoot on the way down and overshoot on the way up although i am concerned there there is something i am not seeing given we are this close to earnings which should be monster. Everyone can see that they 'should' be monster earnings and yet the SP is not reflecting this imo.
JMT, I have seen this before and they can walk the price down easily. The problem comes from the fact that there is insufficient interest and buyers in this share. They use matched orders to drive the price down especially during periods of low volume. Compared to 2019, I reckon that Fres generated an extra $400m in cash and turnover with lower costs. 2021 will be even higher due to the silver price. Production in 2021 I don't believe will be a lot lower but more than make up for by the higher metal prices. Personally, I think 2021 may well surprised on the upside. They have been overly conservative with the production guidance I believe due to Covid.
I am very keenly awaiting results in a week's time and also the Q1 production report to see if it will exceed or miss guidance.
Lastly, we need gold to go on a surge again to really get the attention of the market. Gold miners are really getting hit. I am in Newmont too and I can't believe I am under water there.
you are preaching to the converted here. 1 thing I cannot work out is why this name gets hammered so frequently? what is it that we cannot see that encourage sellers to beat this name down? I find the argument that market makers want it lower to hoover up cheap shares unbelievable as there would have to be willing sellers at lower prices who are they? UBS downgrade pre earnings seems odd. I cannot see there being a large retail trader set with stops that are being taken out. We will see where the dust settles soon. By all things the COMEX settlement could be explosive on Wednesday and then earnings to follow in short order. I cannot see this name being at 970 in 1 weeks time, but time will tell if it will be at 1170 or 900.
Just looking at the 5yr chart comparing silver price to Fres SP. The differential is now massive - parity 5 yrs ago and currently the SP should be 1350.
This gap should fill one way or the other - either silver falls significantly or Fres rises. Given the unprecedented debt bubble, medium term inflationary pressures and industrial demand for silver I cannot but see this as a excellent buying opportunity.