Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Trev sorry for bit Ott sense of humour, I m just annoyed at lurkers de ramping so they can buy in at a lower price, otherwise they wouldn't be posting ? (?quisad)
GENIUS TREVOR ..EAT SOME CARROTS WITH QUISAD
magical_trevor,
For a company like this, the cash position is decent.
Remember a big outlay of £1M was paid for the Licence and they have spend a modest amount on increasing capacity (not a bad idea) and they have carried a cost cutting exercise. As far as I can see, they have laid the foundations now they need to deliver by increasing sales.
They have previously stated that they have enough cash for general running costs for a couple of years without being forced to go to market.
So for a company of this Mcap, I would say that is decent.
Off course I do not rule out a capital raise, but like I say it is possible that they become cash generating this year or next so I would not be so certain about that either.
I know some people are feeling negative about this company based on the share price trend, but the Stock market is swimming with hundreds if not thousands of companies that looked hopeless at some point in their lives, if you were judging them on their share performance in a given time.
GLA.
Sharegar.
Sharechance,
I also suggest you have a look at the Crux interview from a few months ago (easy to find on You Tube).
The reception of the interview on this board at the time was quite mixed, but if anything I think it shows the potential upside for this company assuming things go as planned.
Considering the decent cash position of the company and the chances (in my opinion) that the worst of COVID has passed, then it is my opinion that the upside potential of this company far out weighs the risk of some share dilution in the future.
With a bit of luck we could get good news on the next update. If production increases to a certain amount, then suddenly we are cash generating and that could lead to multiples of current SP.
They recently increased capacity for production at low cost, so there are positive signs as well.
DYOR.
Sharegar.
Sharechancer,
The following permit was an important one at the time.
Award of Full Environmental Permit
Mon, 4th Nov 2019 07:00
RNS Number : 0624S
Harvest Minerals Limited
04 November 2019
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
4 November 2019
Harvest Minerals Limited ('Harvest' or the 'Company')
Award of Full Environmental Permit
Harvest Minerals Limited, the AIM listed remineraliser producer is pleased to announce that the Brazilian Environmental Department ('Superintendencia Regional de Regularização Ambiental' or 'SUPRAM') has issued a full environmental permit for the Company's Arapua remineraliser project.
The permit allows the Company to mine and process up to 400Ktpa which can be further increased when required. In addition, the Company has been granted permission by SUPRAM to further increase the size of the run-of-mine ('ROM') storage areas and clear some other areas to assist production as required.
The award of the full mining permit by the Agência Nacional de Mineração ('ANM') is expected to follow in due course. Meanwhile the Company continues to operate unhindered pursuant to its current trial mining licence, which is valid until Q2, 2021.
Brian McMaster, Executive Chairman of Harvest stated, "As a producer of an organic product, we are very aware of environmental considerations. Sustainability is a key consideration for Harvest and we aim to have minimal environmental impact. Our production facilities don't use any water nor produce any waste. Additionally, we are looking at other initiatives to minimise our environmental footprint going forward. In addition to the environmental considerations, it is important that the permit allows us to produce at a rate above current name plate capacity and also that SUPRAM has consented to the ROM and storage area expansions. As we announced recently, we are increasing production areas in anticipation of next year and beyond and having the environmental consent to move forward is very important."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
Hi, had a quick dig around into this company at the Wknd, does anyone know if there are any permits or licenses needed in the future?