Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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really ... with gold at $1600+ oz and over a 25% increase in gold in the last 12 months. if there had not been the uptick in said gold price , HUM would of been on the bones of its ar$e.... very fortunate imo.
yet we see zero improvement in its fundamentals other than opinions on value. management don't really seem to be knocking this out the park even with gold price in fact quite the opposite.
Every company has a moment when it’s share price suddenly switches onto the value that exists. To expect that point to arise in the middle of a pandemic seems to me naive. HUM has not been helped by changes in strategy from several IIs leading to selling, pit wall and weather issues and yes, some poor management decisions. Later in H2 I’m pretty confident that the inflection point will be reached, based on debt being exceeded by cash reserves and an extended LOM.
Playboy Is not 5-6 years long enough time frame to create any sort of value ? I personally have met the management at most levels here. Nice guys , however bit naive in some aspects of their management . Albeit some bad luck in first year of production, I just don’t see any value here being created any time soon.
Cora seems a much better bet .... not a holder btw. Good luck all holders stay safe and have a good weekend. Dan & co don’t need any luck as they are laughing all the way to the bank.
At current gold prices i meant.
Cora will make great investment with such low upfront capex and over 100% internal rate of return, and over £20M free cash flow per year at current hold prices
Agree 007, but would add what twogoals suggests and purchase more or all of CORA.
Mines are being shut around the world. It would be insane to announced a dividend or buyback now! Buy essential stock in bulk and protect employees is the name of the game. If we get through this unscathed,as I hope we will, then it will be time to talk about rewarding shareholders. In the meantime, mitigate risks and pay off debt! Exactly what they are doing. For once I am glad Dan is in change and not this board!
“ so if it cannot create value within a global crisis i fail to see where actually shareholders will benefit here.”
I think you’ve hit the nail on the head here Lobon. This is not only a global crisis but the biggest one we will see in our lifetime.
HUM has been my hedged bet & now is the time for it to make statement on its future.
Share buy back would be great but I’m wandering if they can do that so soon after director purchases?
The Cora conversations are interesting so let’s get a deal done and put to rest LOM issue before gold prices soar. Dan/ Bert can nail that agreement which would be a great early cash generation for Cora.
I think Dan has made some big errors but the last 12 months has kept his head down and got production to where it should be but NOW is the time to show that he does care about the shareholders, there are a few options he could take but like others I am not convinced he gives a flying f*ck about shareholders but hope he proves me wrong.
@LOBON 100%. Dan is a terrible CEO with a great asset. No alignment of interests. He has no idea of how to build value.
I too am glad i offloaded for a profit, i hang around with modest position to flip into the next temporary spike in price.
which in turn ONLY really benefits the management , so they can pay themselves handsome bonuses & salaries. shareholders will rarely see value on aim , i certainly don't think HUM is any different now.
as a long time advocate of this company and still a shareholder (very reduced), this gold producer should be motoring but its not ..... so if it cannot create value within a global crisis i fail to see where actually shareholders will benefit here.
it becomes a vanity project funded by investor mugs , where is the value creation after all these years ?
as i saw way back , this year will be the most productive year according to the mine plan , high gold prices and lowest costs . yet this is not reflected in SP and i doubt it will be going forward for the rest of the year. the company aren't even interested in ploughing a penny back into its shares in terms of a share buy back or a token sustainable dividend ,albeit a few small director buys.
thank god i sold 95% of my holding here last year at break even after 4 years holding through thick and thin.... absolutely mugs game
This quarter based on 33,000 oz output and average POG at circa $1580 is roughly $52 million.
Then take away AISC at $840 an oz leaves roughly $24 million.
Annually if it continues at this pace its roughly rounded up is $97 million and our MC is £79 million, which is $97 million.
All rough calcs, but if debt is paid off by mid 2021 a near 100 million profit before government taxes etc.
I'll take it.
Looks like Q1 is completed without further complications. Should be very good with second mill now in full production. Not long to wait for more good news.
It is now after 12 o’clock so too late to play April Fools jokes, so SP should rise .
I think it’s just that all the interest at the moment is being sucked into coronavirus related stocks. When the Q1 numbers are published we should hopefully see some interest back here. It’s a cash cow currently being largely overlooked.
And if I remember right, are we not debt free early next year? With gold predicted to increase in value and some of those predictions much much higher than now, the SP will have to skyrocket to reflect true value. If that is the case, its going to be some takeoff. I am not from a financial background, but I cant see it any other way.
Hopefully Q1 starts the run for us. Still cannot understand how we’re at 22p!
I was just looking at the Excellon Resources presentation and they have an interesting slide on recent performance of gold mining companies. The only sub-sector with negative returns is junior gold producers. A quickld Google of the AngloGold Ashti share price will support this. It is well documented that junior lag the large cap producers in a bull market, but ultimately outperform them. Our time is nigh!