Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Great volume over 12m traded!
Might have a flutter once I digest the news.
No it isn't.
Those licences were sold on the Viridis and now form part of the Colossus Project.
Good Look
Minas Gerais where Harvest is located is a prolific region (lithium valley) for the discovery of LI and REE’s, so the news today is of no surprise.
https://www.miningweekly.com/article/meteoric-buys-ree-licences-in-minas-gerais-2023-04-24
https://www.bnamericas.com/en/news/minas-gerais-state-creates-lithium-valley-to-attract-investment
Well this already shoot up. thats on all time low with potential just need patient
Depending on what the REE are . The find could be worth more than the fertiliser sales and the company.
This could easily be a complete game changer for Harvest.
REE are worth a great deal of money. Solid hold.
Gordon Bennett, it's Gordon Bennett .. that's all we need.. while I wouldn't rather it be Burton, it's a close one :-)
No it's not, you're just down massively and are desperately trying to recoup your losses.
Embarrassing.
That’s a mega spike.. surely they are filling some orders, otherwise they just fleeced many punters.
.
I hope he was one of the cost savings!
Hopefully he stays away.. he's a total liability... his publicity is that bad he should be paying hmi.l and not the other way round :-)
Wonder if Burton will be giving this the big up today.
3.1 just gone for 37k worth. Order filled maybe?
Nothing contentious in what he RNS'd today imho..
And the s/p is just too low versus the fundamentals now imho..
It was too high at 17p ish not that long ago, obviously .. but the fall from such height was beyond epic.. so just getting a bit of that back now..
Generally, even if this were to go up to 4 p plus in short order, the market cap would still be small versus the assets imho
dyor
Unfortunately Brian McM is the Chief Exec and his track record of sp destruction is impressive so check and double check what he says.....
One bag up on the day now, I see.. here's to this two bagging today, please
This rally continuing again now I see ...that doesn't surprise me as the market cap would still be tiny if this s/p doubled today...
The REE are a complete surprise and will obviously need a lot of firming up.
It looks like after the aberrations of 2022/3 that normal sales cycles have now resumed, although it probably needs another quarter to make certain tho.
I guess the key thing is it looks like there is a viable business here valued at next to nothing
Thanks whl2
The market cap is tiny here .. a few million gbp .. so I’m hoping this REE feedback alongside a core business that’s turning around can underpin a proper rally here ..
The core fertiliser business alone justifies a 2 p s/p in my mind now .. with this REE news on top the s/p could hopefully go plenty higher again from here in short order ..
These are low figures for REE.
Have a look at the Colossus project with Viridis (ASX) Poços De Caldas, MG (southwest).
Good Look
Not the old klondike gold rush story ! Still, should provide a bit of entertainment for the next few months. Well done to smalleyus and NicetoMichu with the Q1 figures coming in exactly between their predictions. Never a dull moment with Brian !
Rare earth elements a game changer here ?!!
( and a decent q1 in the circumstances for the core fertiliser business too .. with the real demand seasons later in summer looking more promising too! )
Thanks for the feedback Smalleyus..
That's not me selling Friday and today btw..
I still believe things will be progressive - from a mess of a 23 low base granted - here thru 24 and 25 and can still see this s/p going up to 3p area thru 24..
Niceto....
You seem to have missed the latest metric Harvest have added to the confusion:
'.....the Company has been paid for....'
What really matters here is revenue and raising an invoice is the closest you'll get to that. There's no point in Harvest raising an invoice if they can't deliver it as it cost Harvest 2% of the sale price (CFEM).
The auditor put an end to Harvest raising an invoice and trying to claim that as revenue without actually delivering it.
They tried that in Dec 2022 when they invoiced 45,522tonnes. The auditor disallowed circa 33kt of that from being claimed as revenue because it had not been delivered.
The product can't leave the site without an invoice and 'boleto' (ticket) to prove CFEM payment.
Getting paid, well have a look at the last RNS, they seem to be doing much better with getting paid.
Good Look