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.
My thoughts on cash position .... previously posted but relevant to your post moon....
And I agree with you
June 2020 £403k interims balance...
July. £450k placing
Sept. £400k warrants
Oct. £286k warrants
Nov. £1,100k placing
Jan. £30k warrants
Feb. £55k warrants and options
Apr. £1,000k placing
So year end accounts cash will show £2.3m less expenditure for 6 months.... (£300k??).... up to end of 2020.....circa £2m
Add the £1.1 post year end that’s £3m cash....
BUT of course there has been expense since Jan this year....and we coul make educated guesses but likely won’t know for sure until interims released later this year....
Those expenses will include salaries, Crest transfer fees, lab analysis... commission of RC drill, new stakes and bonds.... so somewhere between £1.5m & £2m sounds reasonable.....
The 2020 finals will give the cash balance @ Dec 20.... will be a good indicator as to how Brian is controlling costs....(especially with no travel in period)
Kew
really saying 3 million in the bank do u knw how much it cost for all work they doing why do placing if they already had 2 million. they spenting it. on investment. so possable 1 million and half. not 3 mate
yes, Lots of news flow ahead and any hints of a decent find will eat up the overhang in a session or two excellent entry price at the moment with the SP stable and undervalued 9million market cap with circa £3 million in the bank and Brian at the helm. Very much under the radar
GWMO is now in the best place it has been since it's inception. The work has been done and all that is left is proving up a resource. If the resource is there it's a big win. If not the current BOD have done all they can and the tailings will protect our investments short term. Best risk reward balance out there imo.
"You can type as much nonsense as you want it still doesn't change the fact the SP & company have gone nowhere."
Alyhels just like Kainos said you really are a grade 1 bell end.
So the SP has gone nowhere? 250% up over last 12 months says otherwise. And you say the company has gone nowhere?
Over last 12 months the company have acquired the Olympic site, identified numerous drill ready targets over several different areas, possibly identified a continuation of the gold vein to the east of the Omco mine, commenced small scale production of gold and silver, produced a doré bar as part of a test pilot, completed it's long term lab test to identify the best method for commercial production, and successfully raised enough money (10x times the cash compared to what was left when Brian took over) fully funding the most comprehensive drilling programme for 3 years plus enough to build a proper gravity separation facility for commercial production!
Those rich spoil heaps yielded grades of up to 140 g/t gold and 20,000 g/t silver from a random sample and although it won't be reflective of the rest of the spoil heaps even just 10% would be very impressive! And this reduces the need for further dilutive placings Alyhels! Do try and keep up!
Alyhels - I like a debate and a bit of banter - and I am no mining expert and can appreciate your negativity as a ancient holder.
However - you are nearing offensive mate.
Plus - anyone who puts "me thinks" - in to a post makes me think they must be a Grade 1 Bell End.
Just saying - and good luck anyway.
yep as a long term holder I'm aware of that, potential being the optimum word here !! Me thinks salaries an bonuses continue but SP and shareholders adrift as usual, the rhetoric is just the same old potentially nothing and certain posters ramping it to death !
Alyhels this is an AIM listed explorer, of course there will be placings! But in the case of GWMO there is potential for near term revenue from the Tailings projects which may mitigate the need for more dilution in the future!
more placings and fund raising ahead, anyone caught with there trousers down here ( chisler & mcadder) will get seriously burnt. You can type as much nonsense as you want it still doesn't change the fact the SP & company have gone nowhere. Although I'm sure Chisler will ramp it to death the little snake.
I will bite....
The company undertook a transformation since Brian H took over... a change in direction away from the primary focus of Copper ( which sits as a Jorc’d asset) and moved into the assessment and development of the gold and silver licences plots they have.....
Significant dilution has occurred in this time in order to raise cash for the planned drilling campaign. We await the final results to assess how well the cash is being managed. That said the M Cap of the company is at the same levels it was when the SP was at the heights of 1.75p a few years back...
The drills( plural) are back in the ground.... last time was 2018.... very important for an explorer to be drilling!!! And one of the reasons expectations are high. Of course if the company doesn’t find anything then back to the drawing board and more placings and more planning.......
The company does have another string to their bow however.... they have the rights to the old waste material from previous explorations and having tested a sample believe commercial recovery of gold and silver can be obtained.... progress is running in parallel to set this up...
So.... where next?
Placing shares and warrants may act as a drag on the SP for a while....
Results from the current drilling campaign will determine SP through the Summer
Production capability will give indication as to how the company maintains cash / expenditure / capital position
Rising copper price continues to keep the interest in the Cu asset.....
I am of the opinion and hope that the results from the current campaign will be positive... that we will see a revenue stream from the tailings and the SP will be closer to 1p the .25p by the end of July....
I understand there is risk..... I am keen to benefit from the rewards....
Brian has shown a good communicator and thus far hit his targets..... the next few months will determine whether investment here made sense....
A. I assume you aren’t a fan!!!
Regards
Kew
SP up over last 12 months you little shrimp ! SP down 99% over last two years I wonder if you have the IQ to work that one out ??
mcadder - as I've explained before you seem to be a follower in the hope the SP will improve with little or no back up a bit like your mouth just spews nonsense another one chasing losses.
At least we're finding out the true mark of what you're all about Alyhels - SP up 250% over last 12 months - no comment from you about that at all but today it happens to be 2% down (which is only due to a narrowing of the spread) and you're commenting on the 2% drop like a laughing hyena! Childish, petty, immature are words that come to mind...
Another day another drop !! Good old chisler ramping to death as usual clearly no significant trading skill chasing losses.
No sure what happened there......
The post was meant to say simply .....
......” applause “......
Great post Kewben.
The contents of Alyhels brain ?
chisler
Alyhels - where was the SP at or around 9th April 2020? 0.08 that's where infact I remember the lowest sell was 0.076 before this rose back up to 0.13. And where was the SP at or around 20th July 2020? I'll tell you exactly where it was, it was 0.10 having drifted back down.
Now, with probably more than £2.5 million in the bank and despite several placings since July the SP is sitting at 0.25!
Even if there had been zero dilution since then we are looking at a 250% increase in the SP so factor in the dilution this is nothing short of an amazing achievement for a micro cap explorer now small scale producer! So far Brian has played a blinder!
But the best is yet to come. Huge drilling campaign commenced, the likes of which have not been seen for GWMO since 2018. So you have a choice. Either sit there like a keyboard warrior slating the company every time we get good news but yet the share price doesn't do 20, 50 or 100% in one day OR watch and wait to see the drilling campaign succeed and I can assure you by the end of the summer there will have been a few 100% upward movements in the SP.
this is aim for u sometime gd news bring share price down i see it happen to many time. really glad for gwmo its about time really
why the price would move* too much one way or the other on this basis. ***
I may be being daft here, but the SP price is going to be affected by a steady flow of RNS's regarding the drilling operation, mineralisation depths and what not as well as results as oppose to only receiving news that we are now officially drilling? We've all been well aware that it was going drill as its a favourable jurisdiction and its fully funded. I don't see why the price would too much one way or the other on this basis :S.
Exciting or exit times???
Yes all looking positive (and new drilling campaign commencing) except the SP!!
You couldn't make this up, a seemingly partial positive RNS and the price drops - Only GWMO can achieve this month after month !
https://www.cnbc.com/2021/04/14/goldman-says-copper-is-the-new-oil-raises-price-forecast.html