Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A watched (copper) pot never boils :-)
Just makes me think March is going so slowly! A month from now could be very different!
The way JLP are operating it means that they are opening the equivalent of a mine at a much lower cost and with a much shorter payback period. Hence they can grow much faster than a conventional miner and they can react quickly to changing metal prices. I can't wait to hear what their next "mine" will be.
hear hear!
The cash flow statement is the all important info to me. How much cash came in and how it was spent. Whether the balance of cash on hand at 31 December 2020 goes up or down is irrelevant as long as the way the money was spent was to further increase profit in the future by acquiring more tailings, expansion of current projects, new projects in new regions or increase the longevity of the Company I will be happy.
The bottom line is Jubilee is generating heaps of cash at current commodity prices. And we are making money while the sun shines. We may just be a cash cow at the moment, but wait until the elephant starts approaching.
GLA & DYOR - Let's not Roan the experience for everyone else :)
HesGo- in my opinion you cannot look too closely at the cash position when there is so much self funded growth and expansion happening. The expanded PGM plant, the new chrome facility, the new copper plant will all be draining the cash! In my view what’s really important we are not raising funds via new equity distribution. Those days are over as we are now generating millions and millions. Cash would be a concern if there was little or no development! But with so much development happening you cannot expect a large cash pool yet. Once this round of development is finished and established, well there may be enough profit then to fund growth and build cash. Then we will have the old argument - dividends or more growth ( probably not far away)!! Until then let’s enjoy an increasing share price with all the development. The cash mountains will come!!
@gshivers
There are a lot of moving parts in a set of financials with many parts of the balance sheet, with some figures open to interpretation by management. All sorts of fun tricks exist to make things not appear as they seem, and the cash balances are the one thing that cannot (unless outright Fraud exists) be massaged.
Our revenue went from 24m to 60m, our cash on hand dropped to by 50%. Our ability to pay short term debts reduced by half, and our net debt position decreased by half as well - as in we had more cash as a % of debt last year to the most recent year.
Re your point on Tailings and I am not so sure. Long term assets have gone up, but not short term assets. Unless Tailings are considered Long Term assets.
There might be nothing here. After all loads of Debt would make it a lot worse if that was present too.
I am not selling my stake. All I am saying is cash could be improved and I would hope that it does. And I for one will be following the cash position more than anything else.
Sumo- in my mind 50p is a given. When I was a kid Thursday became the new Friday( Friday mornings at work were a blur!). Pink became the new black and I think £2 is the new 50p! HD- can you imagine what can be achieved when that level of revenue is coming in. So happy to be here! Happy days!
Totally agree shiner. It's definitely a message to highlight the mass of copper produced and mention February. No need to read between the lines!!!
Just for fun...
I think the copper photos found by Shiv on the website were a coded message to buy at 15p prior to any operational and project update later this month in the interims!
Atb & Dyor
We’ll all start talking about 50p+ again!
Wouldn't low cashflow mean that were spending loads on upgrading chrome, pgm and building copper concentrates? That would be ok then wouldn't it?
When the markets are closed and you have nothing to go on. Here comes Mikie, throwing up plates of positivity, with resounding predictability.
I'm very interested in the accounts. I want to see that the physical cash position has improved. If we have great sale prices, great production output, but poor cashflow, that will disappoint me.
Mikie makes me so positive everyday... for me he is MikieEveryday :-)
Maybe we should call you MikieSaturday now!
Not only will the interims highlight how much net profit the company has made over the first 6 months of this trading year, we will get a steer as to the current running costs of Jubes. The interims will probably highlight Jubes has made lots more money in the first half of this year, than the whole of last year! More importantly they will flag this point to potential new investors. When researching a company one of the first go to’s are the accounts. The interims will post a picture of a very healthy company, growing exponentially and signal further investigation is required possibly leading to an investment. Further research will highlight Jubes is only scratching the surface here! Plenty more to come, just the start of the story setting the scene- for the big hitting! You could say the interims may be the first devastating blow in a rapid series of knockout blows . Followed by all action blows- a possible quarterly report and a broker note! Knockout! Knockout! Knockout! Jubes is ready to go toe to toe in the big time! Imagine this- Jubes is our very own Rocky Balboa- years on the minor cards, struggling to make an impact, stumbling from one round to another, but enter the new trainer -a master of his game- transforms Jubes into a lean, strong fighting machine, muscles rippling and glistening in the oncoming glare! Conditioned perfectly for the challenges ahead. Ready to go toe to toe with the world!! Jubes is entering the big time- world champion of reprocessing ( in waiting ). Environmental champions of the mining industry!!