Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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DBH, dont play into his hands. Hes just getting you to keep going over the message he wants displayed. Everyone will read the posts and see him for what he is and his supporters.
This is what you said you illiterate “ Don't think they will run out of cash after hat las placing before the end of June”
Kalan, Gray, etc. Please do keep posting. I believe it is vital we don't all blindly follow the happy clappers and continue to question the board. Keeps them on their toes.
Dbh has pulled me up for saying this. Mikiesunday leaps in to castigate me. Gray1 now has to distance himself from my opinion on this, quite rightly.
The only problem is I DIDN'T SAY IT. dbh made it up. I said it wouldn't be a problem due to the placing. Others have said the chrome production would hav cash flow covered anyway. Different opinions. Both could be correct
I DIDN'T SAY IT dbh so the ho erable thing would be to apologise and retract it.
Actually this is where I disagree with Kalan. I don't think they are surviving until the end of June. I think the improved Chrome output Kalan has it covered.
Yep DBH, he is not invested ATM. Whats worse he is encouraging others to be negative under the guise of discussion.
There you go again Kalan “surviving to the end of June”. You cannot help yourself knocking this share so you obviously have an ulterior motive. Best thing you can do is keep your trolling yo yourself. There is no other reason for your constant digs and negativity.
Didn't the raise also allow us to progress the modules quicker or am I getting muddled up?
The keeping JLP afloat bit was more a reference to the past. My opinion re the last placing was that the IRH deal was convenient, shall we say, as a small smokescren for working capital. As Gray1 says this is in the past now. As soon as Roan picks up to 50% 60% etc capacity the cash flow should start to be positive IMO. Don't think they will run out of cash after hat las placing before the end of June when Leon has promissed an increase in the amount of copper produced. He chose his words carefully to be sure.
Zambia seeks power imports for key mining sector
22 Apr 2024
LUSAKA, April 22 (Reuters) – Zambia's state-owned electricity utility Zesco said on Monday it is seeking to import power to avert an energy deficit that could affect output in Africa's second-largest copper producer. The southern African country generates 86% of its electricity from hydropower stations. Power generation has been hit by a severe drought induced by El Nino – a weather phenomenon resulting from the abnormal warming of the waters in the eastern Pacific, which raises temperatures globally. As a result, Zambia expects a power generation deficit of 700 megawatts this year, Zesco said in a statement.
"We are negotiating additional electricity imports that will be strategically allocated to crucial sectors, including mining, agriculture, and manufacturing to support economic stability and growth," Zesco said. It did not give details of how much power it seeks to import.
Last week, Zesco warned mining companies there may be fluctuations in power supply due to the reduced generation capacity, raising concern over the country's copper output. Zambia's copper output declined to about 698,000 tons in 2023 from 763,000 tons the prior year, according to the country's mining chamber. The potential risk to copper production from the African nation comes at a time when the market is already concerned about tightening global supplies constraining refined production of the metal, which is used in power and construction industries.
Good job we have already negotiated a preferential, strategic level supply at Sable and have mitigated the effects of cuts through the low power modular approach and back up generators. The copper price can only go higher....
It just looks like a random go at anyone who gotreal believes fits those categories. He didn't name anyone and now he has got it of his chest he will feel better anyway back to discussion.
Its good to disagree Heroic, if based on a sound argument. But I cannot see where Got Real is implying you are bad?
Mikie we will have to politely disagree. It was the usual aggressive and accusatory performance as well as more boundless ramping. No one is going to buy shares because got real says so (no matter how many upticks adds with the many disguises). People are not daft, they want to read reasoned debate of the good and bad to make a balanced investment decision - just completey ignoring or painting over issues and questions is not going to encourage investment. Got real also implies we are bad should we buy and sell and instead should all just hold - that is just silly not sure about others but Im here to make money, sorry for that.
Not sure were going to get 3rd quarter financials now. Think we will have to wait for the full year. Looks like just production numbers. But i am hoping you are right with the $5, that will make a lot of difference until Thutse 2 arrives in August.
Heroic, thats not a rant, but a perfectly good question and statement. I guess some long term holders get disgruntled and want to vent. Some need the confidence from fellow board members. Others are just outright devious and nasty!
Just a guess but the last jump was $13 quarter 1 to quarter2. Not expecting as big a rise this time but I would hope for another $5 rise in gross margin but don't hold me to it. We will find out when the 3rd quarter financials are published. You will be racing me to work it out.
Can't see anything about it that could be described as a "mad rant".
Gray, indeed! We know the price of chrome has improved, so the margin has to improve as well. Its just a question of how much more?
Oh god, got real is back with yet another mad rant... Such a shame after some good debate this morning.
Hear hear
Mikie, why anybody who actually holds shares in the company thinks it is in their or anyone else's interest publicly, here, to constantly, repetitively, sometimes slyly, highlight negatives, damn with faint praise, cast doubt on the viability of operations or just vent their frustration and moan is curious / incomprehensible. As one of the unofficial shop windows of the business, it doesn't encourage new investors or improve the sentiment of current holders, which is the ONLY thing that moves share prices, to constantly cast doubt on the capability and honesty of the management while ignoring, or being "unable" to recognise, the enormous success that has actually been achieved in the face of many extrinsic challenges, the details of which we can be certain we know little about, and understand even less.
The reality is that we have a profitable, successful and perfectly positioned business, in terms of product, environment and political positioning, on the brink of a glittering period of operational and capital growth, which I am sure, will pay back the faith and the investment that the long term, constant investors have put/made in JLP. Slater and the other long-term IIs certainly believe so, and I am sure they know far more than any of the bulletin board heroes here. It is lucky for all holders that some at least don't flip-flop their committment and allow themselves to be distracted from the big picture when things inevitably don't go exactly according to announced plan. If everyone bailed on every bit of bad news there wouldn't still be a company for all to profit from now. Some here, I suppose, are so focussed on their own emotions, and very possibly are over-invested, as to not see, in the moment, the bigger picture; its all about how I feel, nowadays and "I have a right to emote"..... its so un-British. Others may have more dubious motives .... NB Placings have kept JLP EXPANDING - not AFLOAT!
Northern you make a good point re cash. For what's its worth I think they needed a little short term cash to tidy them over for a couple of months and keep everything on track.
The copper delay will have added to the cash pressure but as I have demonstrated in the previous post Chrome has come to the rescue and is really starting to pile out the cash if my figures are reasonably accurate.
They look to have come through the other side on this now so like you I don't believe it is an issue any more.
kalan,
i refer to the post which you acknowledged yesterday that jlp is profitable at an operational level. the placing in december was quite clearly:
• pay the initial payment of us$1.75 million, due under the agreement for the acquisition of the copper waste rock dump announced on 12 december 2023 detailed above and progress resource and process design (a total of c.us$4.5m).
• expand the sulphide recovery circuits at the company's sable refinery to accommodate increased sulphide concentrate production from newly acquired projects (c.us$5.7m).
• progress the project development phase of the mufulira **** project, with early-stage bulk trial and processing (c.us$2.5m).
• for general working capital purposes.
if you add up the investments the working capital piece is minimal.
yet your opinion is that the placing was needed "to keep jlp afloat".
i concur that most of the cash being generated is being re-invested into the business through expansion projects. the timing of these projects is in the control of jlp and as jlp is cash generative at an opertional level then a good cfo will navigate this through effective cash flow planning.
cash planning is key until roan is fully contributing but in my opinion jlp do not need placings to subsidise the current operations.
the balance sheet is also strong offering other funding routes should this be required.
my opinion and happy to debate.
atb
northern
Kalan/Mikie
Numbers I like. The first 6 months produced a combined gross margin of $5 mill for copper/pgms and it will likely be something similar for second half so around $10 mill gross for the year give or take a bit.
The second half for chrome is where it gets interesting first half $12.5 mill gross on 720k of sales.
From Mikie the second quarter margin per tonne of chrome was $23 (I checked it as well Mikie) not that I didn't believe you but I wanted to see how the margin changed in the 2nd quarter.
1st quarter revenue $90/ton, 2nd quarter $95/ton. Cost dropped from $75 to $73 per ton.
The second have of the year has already achieved 400k tonnes in the 3rd quarter. I expect the 4th quarter will be a little more considering March performance so around 820k tonnes in total for the second half. Even if the margin of $23 remains the same (which I expect it to improve) that is $18.8 million gross and increase of $6.3 mill in 6 months.
I like Chrome.
Totally agree NTD, although its looking like we could be swallowing up a load of small scale miners. @ Heroic, at this share price there is no real risk i can see. Gray has already illustrated how chrome more than covers the current share price. Chrome is well and truly proven and expanding rapidly. PGM’s can only improve. Very little risk here with chrome prices still in an upward trend. That means its essentially a free copper play. Not only is it a free copper play, its likely to be a rapidly expanding copper play. Chrome sets the president for this. So you can invest when all is proven on the copper front with 25k production and miss out on the multi multi bagger. I prefer to invest now and hold, knowing the concept has been proven with production on a small scale. The feed is now rapidly being secured and will arrive en mass shortly.