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.
That narrative also ties in with what JM was saying on his investor calls - debt needs to see equity, equity needs to see debt, that it is a complex interdependency. So for all we know we could be 95% of the way there but not find out until they are ready to announce the lot. So it could well be that all parties are very happy with the consensus price going forward and the business case for Horizonte getting Araguaia up and running and it is a case of agreeging/negotiating best terms and the finer points amongst themselves - maybe around precise numbers of how much will be the debt, how much equity etc.
Yes the future pricing (and the consensus Nickel pricing is pretty good in the years ahead certainly in the years Aaraguaia / Vermalho might come into production) should be the main consideration for the big investors (banks, equity partners, offtake partners). I have been wondering in the last month or two if the prevailing market conditions might have more impact on _when_ Horizonte can announce the finance deals rather than whether they have done the deals. So - if you don't want to announce already done deals into a weak market sentiment, batch them up for a release when you think market conditions will be more favourable.
Not sure what they gain by doing that (other than perhaps a bigger impact on the sp), and I don't know if such a consideration affects the equity part of financing, but to me at least it seems like in the current market keeping the cards close to chest is the way this is being played. Personally believe financing is far more advanced than has been publicly stated.
Well not the only one, Orion have also put 25m USD in the LTFA pile :')
Well said GLR, Money Sponge on Twitter echoes your sentiment if slightly less eruditely, he said
I’ve put my HZM shares in the leave f... alone pile.
It's basically like saying I will sell you a box of money for £15K, in 12 months time there will either be £20K in the box, or £10K in the box - you cannot open it for 12 months
There is an 80% chance of £20K being in the box, and a 20% chance of £10K
Every single time you take the box, because at the end of the day you might get unlucky on one or two, but if you make that investment 100x, you'll make an absolute fortune on the laws of probability
Thus, disproving that today's nickel price has little to no impact on negotiations and it is all about forecast 2022/2023
Need to get some shares here, been waiting for 3p but what is 10% in the grand scheme of things...
Orion taking a 25m investment for 2.5% of the future royalty on just under 480K tonnes of nickel, I mean do you really need to research any further?
Cash circa 30m, that values the two tier 1 assets at 16m - again, Orion paying 25m USD for a 2.5% royalty
Just crazy isn't it? I mean absolutely crazy
Not sure why people follow the current nickel price so closely, if you had to lock down shares for 2-3 years, you wouldn't pay any attention to the current SP - you'd have a forecast and you'd invest based on that, IMO regardless of whether Nickel is 10K now or 20K now, surely these big players who are planning on investing hundreds of millions, will not be put off by todays nickel price - very much doubt Orion are kicking themselves for stumping up 25m when the Ni price was 17K - IMO totally irrelevant
Thank you Bloodshot,
I've made a note of the websites, hopefully when I'm out of the disaster over at SXX, I can get some more in here and search for the fastest 4-wheel drive version that they make.
Ill be looking for a nice modern EV if my investment here comes off. Something like this will do me nicely.
https://images.app.goo.gl/EuRgEjc2vfcm9YEf6
https://insideevs.com/news/395379/forecast-2020-100000-bevs-sold-uk
I’m nearer seventy than sixty!
Positive thinking required, treadmill coming next month, I aim to be fit enough to enjoy any wealth that might come my way.
Last year was an economy drive to recoup some of the notional losses when this share was 2p.
I still think Vermelho is the cherry in the pie.