Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Maybe incompetence was a little strong but missing a deadline once I have no issue with - especially the first one where Covid was probably a genuine reason.
The second, third and fourth delays.....when operating under the new Covid "normal" should have bedded in tbh, then the brazen media coverage saying all on track and then a last minute U-turn just doesn't sit right with me personally. He knew they weren't getting well before each delay was announced.
It's also the fact this is the most pivotal part of the whole Blyvoor project and the laissez faire attitude to it. That gold is worth jippy sh*-t unless someone with the money gets on board to extract it. Simple as.
I would just prefer some honesty from them and a realistic timeframe for once - even if it had said 6 months. You would have thought under promise and over deliver would be the motto.
Anyway, it is what it is and the projects are without a doubt economically solid! Lets just hope the big bufoon LC can get it financed ASAP!
Come on LC make an increasingly old naysayer and doom monger happy for a change.
What track though +ve.
Overall project maybe but the bit that matters slipped again despite confirming it was on track in the last interview .................. we still don't know how many interested parties are involved.
https://goldprice.org/live-gold-price.html
LC confirming everything is on track with gold 36 mil gold funding + nickle drilling campaign. 3p+ shorty
jdt we are pretty aligned in our thoughts here but a couple of observations
... recent tweet showing drill underway at Blyvoor is encouraging ... complete and results due at the end of month? Lets see.
Incompetence? Not quite .. just not transparent on whats required for each step but project size and interest has escalated. Covid has had an impact .... the resource update is key and suspect that this is the part that Covid has most impacted. Also too optimistic with timelines perhaps.
Sure it will happen ... when is anyone's guess
Just be careful there with "promises" besidethesea. Quote from the RNS:
The first milestone to be completed is the Resource update and upgrade currently underway (See RNS of 03 September 2020). The Resource update and upgrade will deliver an updated Resource and Reserve statement, as well as a SAMVAL valuation report for the Project, expected by the end of October.
Expected but not promised. The last Sept deadline we were told everything was on track for funding/financing until the 11th hour when we got the RNS saying Nov.
I'm confident this will get done at some point, gold and nickel are hot topics right now. However, very much aware there is some incompetence in the BOD which could see these timelines missed again. Hope not but nothing is ever nailed on!
News promised by the end of the month. People starting to take positions ahead of this. 3p will be through by end of week imho
also if you want in its hard to buy. My buy this morning was fill or kill and took 30 mins
mate. at this gold price the profit is huge. I make it circa $360 million profit to KAT over project lifetime. plus nickel project too. I think it will quadruple from here imo
dyor
2.78 paid , pre September prices nearly back , maybe a leak deal anticipated
NT now for any decent amounts. Should move. lovely
not many shares around. looking good to smash through 3p soon imo
3p + to start with imo..