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.
When the chat turns to selling something to raise some finance cannot help thinking the iron ore assets just do not feature in the Ironridge plans which is a little bit ironic (excuse the 2 puns there )..given the recent rally in the price there must be some value in the assets given we also only had them in the portfolio at IPO..any thoughts from the more knowledgeable
Agree SM.
No need to sell anything off just yet.
We talk about value creation on these boards but the way to do that isn't to sell off projects that have had hard work done and £ spent bringing them along. Companies can't trade their assets like people trade their shares.
You acquire an asset cheaply, nurture it gradually over the long term and sell it at the right time when it is most valuable.
Yes I know that Tom. Can’t really see what they can sell though when you look at studies, capes etc, on any asset?
Don't know if you are aware but they have 9 according to the web site.Im sure the management know which ones are more favourable
Which ones do you suggest then Tom?
At the moment they seem to have too many projects on the go I think it would be sensible to sell off one or two and get some cash needed for the lithium project
On the JV rumours - whilst I agree that it is likely that Vince is speaking to potential partners for JV or sale of our lithium asset in Ghana, I do not expect to hear anything about this anytime soon. We are still drilling (and have just extended the programme) to expand the resource. Any JV partner worth their salt will have to wait until the programme is completed, assays have returned from the labs and the resource estimate (and economics of the mine) have been updated accordingly. This is because they will inevitably have to do DD on what exactly they will be buying into. Moreoever, we as investors have a vested interest in IRR getting that resource expansion work done before we sell off a % of it to a company that will take it to production - as all signs are pointing to us doubling the size of the resource.
As such, I don't expect to hear anything around a JV until late June/July at the earliest.
Just my two cents.
Would hopefully expect there to be ongoing talks for a JV for the Lithium with a major player. Wanting to move fast to production & in short supply so someone will want it. Could be more good news anytime.