Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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That's not strictly true Shuvlin they poured a ton of money into the tailings process and that hasn't really worked.
Have IRH actually put any money into this or do you think they are waiting to see what the figures are when this gets up and running?
The difference between you and others like you are absolutely certain this will work and that is your opinion and it is fine. Whereas I and some others because of JLP past history on Copper output want to see the proof of the concept turned into actual production numbers. What is wrong with that?
I have 1 million shares here at an average of 8.2p my biggest regret is I didn't sell half at 21p but I believed the copper tailings strategy and greed played a part. Having said that if I had sold half I would have bought them all back when they were at 5p purely on the Chrome success and would then hope the new Copper strategy would be successful to give me an even better return.
There is no conspiracy here on my part Shuvlin. I have also worked out what I think the chrome and pgms financials will look like next year to support what I believe will underpin the sp if anyone is interested.
They wouldn't be pouring so much money into new facilities if they didn't work. Anyone else sowing doubt on that here is indulging in sophistry.
"Don't be so hard on yourself Kalan"
Nice one Busby - I know when I'm beaten - knocking the king over as I type.
No reason at all Dorfan - as you've said before - it's all about time frame - LTHs hold. New investors wait for proof or speculatively buy - everyone has a choice.
Prof
With the copper price so high and running the only decision you need to make as to whether you buy the share or not is can Jubilee produce the copper as promised.IT IS THAT SIMPLE
My belief is that they can after all it is not that they haven't produced copper.They have but not produced the quantities promised.
I have NO reason to distrust Leon when he says it is a matter of time, and if Slater and Jubilee's new J/V partners agree why should I be pessimistic . I
Don't be so hard on yourself Kalan. :)
Arguing with some people is like playing chess with a pigeon. The pigeon is check mated in 4 moves, and then, onlivious to it's overwhelming defeat, stomps around the board as if it's won.
Interesting that we have fairly suddenly aquired a self admiring coterie of so called investors on here who seek to be trying very hard to damn jlp with faint praise. Methinks they protest rather too much and need to be treated with the utmost suspicion.
The last one is just your personal fantasy Jolly1
Death. taxes. a nurse
Gray, Edzi, Kalan,
Thank you all for some very helpful posts. There is something illogical in those who bemoan why we are not higher but lambast those who point out why that might be.
I have a significant shareholding here and am pondering more. Your musings make me more likely to buy more not less because they hypothesis as to why our share price is not higher and I can then decide whether despite that I still want to buy. Those posting along the lines of £1 tomorrow are not so helpful in my decision making.
Best wishes,
Prof
Actually gotreal thought you would have corrected me with the delay I got that wrong. There was a 9 week delay then a 6 week delay and now a further 6 week delay so 21 weeks altogether waiting for an electrical component and you wonder why I am cautious about copper 5 months waiting for an electrical component that is poor by any standard.
I suppose that is my fault as well because what you don't know is I have it hidden at my house and I am holding JLP to ransom £1 million or they never see the chipboard again oops can't say that as they haven't seen it at all yet.
You have got to have a joke in life gotreal and not take a different opinion as a personal attack. Enjoy the rest of your Sunday.
Nothing is certain gotreal only death and taxes. I want to see numbers materialize and until they do I am perfectly entitled to say maybe particularly with all the previous copper false dawns and 4k copper is not the 25k we should be at now as originally planned.
I will be just as happy as you if and when we hit 1k per month but we haven't yet and we are already 2 months behind that schedule.
gotreal
the honest reply is that copper is still crap as far as the amount of tons being produced, it was stated that they would produce about 5500 tons of copper by the end of this f/y and they will only produce about 4000 tons if we are lucky.
the copper story is about 2 years late, we are producing about 4000 tons to date. in the scheme of things that is not very good compared to where we should be. that is where the business model has changed and i am glad that it has.
now crap may be the wrong word but it certainly won't be enough for investors to flock in and raise the sp.
once the new roan project can prove itself to work which i have no doubt about, and we start to prove that we can process 1000 tons per month and once the slow horses work out in their minds that if jlp are going to get 4/5/6/7 or 10 modules up and running in the next 12 months which could produce a very exciting amount of copper that seems to be going up and up in price then pg people will consider investing. we because we know the story and we live in hope or almost believe what leon has said over the last 4-5 years are already sold on the company. others are not, yet !!
we all hope that this will change as does slater and others. however like the recent delays regarding the electronics, there will be other **** ups. just look at hzm or hum or goldstone or pathfinder or many others that over sold and under delivered.. a lot of people need proof of concept before they go in, even kalan who has some very good points to make is very conservative where he puts his money and he is happy to get in a bit late as long as there is proof. you like me are just bloody frustrated that it has taken so long and you don't want anyone putting you off your beliefs, which is fully understandable,
Edzi, so you agree with the statment and how it is worded..... "copper still crap.... maybe it will turn around.... " MAYBE it will turn around.... If you hope that a business plan goes in a straight line with no hiccoughs given the region in which we operate then I am afraid you are destined always to be disappointed.
>>Gray1 , I am significantly invested here and will always challenge posters who appear to misrepresent reality, for whatever reason. By your "maybe" you think there is a very real possibility that the copper operation will fail, despite the due diligence of IRH and the thousands of tonnes that have already been produced, then, and that producing 4,000t of copper this year is really "crap" given that in a few weeks weeks there will be over a thousand tonnes /mth?
Thanks for your support Edzi. I was beginning to wonder if I had ventured into an alternate universe.
No animosity to you gotreal. Like you I want the company to do well we will just have to agree to disagree sometimes.
Gotreal
I've just read your last post. always look for motive, you must be paranoid. Other than wanting the SP to be higher what is your motive other than trying to annoy anyone who doesn't think like you. Stop being childish your getting as bad a BT
hi all
gray1 is perfectly correct about everything he says as far as i am concerned. gotreal, you have to accept that other people have different opinions to you but are going for the same goal. you do get very defensive and actually quite rude to people who don't see things your way which is totally unacceptable if you were around a board room table.
it is completely understandable that leon has changed direction because of the business plan that he had, he has said this and even apologised. it is a fact that because of this the way the jlp are now going about their business is one of the main reasons why irh got involved with them. this (although highly frustrating because of the delays) is why the zambian business is like the chrome business which was also in it's infancy at one point. it is also the reason why some people including myself find it difficult trusting the company because i among others hope that the business plan goes in a straight line, make a unit for roan buy some of the shelf electronics get them delivered by plane bolt them together and were away with the fairies producing 100,000 tons of copper in the first month and the share price goes to £1.00.
if it was that straight forward i would be doing it in my garden. leon has his faults like everyone does, the new fd has started to make his move on cleaning up comms. and there will be lots more bumps in the road. so gotreal accept that the original copper strategy failed like leon said and the new one will be up and running very soon and the tailings have sensibly been put on the back burner whilst the company improves it's cash position and technical position to move it forward. please stop ****ging people off because you don't get your own way.and by the way, i hold several million shares in jlp and i want it to get to £2.00 next week but i am also honest about the way business and the company makes mistakes and more importantly correct them
I have no motive. If JLPs copper strategy had been successful over the last 2 years do you think the share price would have dropped from 21p to 5p now back to 7p. That wasn't my fault. Whose fault do you think it was?
Very odd that someone would hold a portfolio of shares and only ever comment on one of them .... "copper still crap.... maybe it will turn around.... " Hahaha ..... I always look for motive.... :)
I don't come on often usually when we have an RNS and there is something to comment about. Thought the Chrome was interesting and an improvement copper still crap but once it gets going maybe that will all turnaround.
You need to see someone about the paranoid gotreal I am in no position to determine JLP's future only they can do that. I just don't accept your view that everything is all hunky dory at JLP. Business isn't like that. Don't worry I will go back into my shell so you can command the board with your everything is good nothing to see here attitude.
I have noticed with you gotreal if anyone says anything negative about JLP they have an agenda. I want JLP to be successful it makes me money and that is why we are all here doesn't mean I have to accept everything has gone to plan at JLP it clearly hasn't with Copper.
You're certainly very voluble in the last days... I wonder why?
Not negative just realistic. I do hold other shares but that is personal to me and none of your business. The previous copper strategy failed gotreal you need to accept it I have . So have JLP they have moved onto modules away from the tailings maybe they will come back to it and with a higher copper price maybe it becomes more attractive.
I have been positive about chrome and pgms I am not negative about everything they do just have got roes tinted specs on like you.
They haven't failed.... Reading back on your pages of posts, that are on only on JLP, you hold no other shares (?), your negative theme is rather obvious....
That should be 25k tons of copper although 25 tons of copper is closer to the actual copper production.