Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yes, I am aware that it would have been covered. However, on Twitter, it is still of interest under the Mexican thread and there is nothing new yet as to how Ganfeng is proceeding. However, interesting, REM plc is doing its own thing.
I thought I would review Sonora, in particular and in general. I have thought further about the 5p REM party in London. LoL, I didnt attend. However, DL said that he would make a chess move. YES, THAT DID HAPPEN - REM offered £1 for BCN @Sonora which was turned down. But it was BCN that told the market that before it could be announced by REM. I note that over at BCN forum [now no longer exists], the chances of them voting for REM was almost nil. Why? My word, some leading characters from this forum were over there d...iiii REM & DL. Meanwhile, even Seeking Alpha an American site was impressed by DL's obtaining a TESLA off-take. Why? Who has heard of a tiny AIM co being able to obtain a Tesla off-take? A/c to Seeking Alpha of which I posted the link to and seen by some, they said that FUNDING was not going to be a problem. Funding as in capex etc. Cut to the chase: DL's Tesla off-take deal was REJECTED by the BCN folks per DL on Twitter later. I sent a Twitter article that BCN & et al [the major] was going to SUPPLY TESLA!!! DL replied on open forum on Twitter to say, that was the same deal he got at Tesla. DL said that lithium M & A was around $400m and this was during the time that the prices of lithium was pretty good. REM went from some 0.04p to 2.25p and at 2.25p, the MKT CAP WAS AROUND £90M+. So, 5p would be ========SOME £200M. ===REM PARTY IN LONDON. Fast forward, GANFENG took over BCN for US$391 MILLION [Ref: "Bacanora Lithium accepts Ganfeng's $391m TAKEOVER OFFER."- Mining.com, 27 Aug 2021. POST OFFER & NATIONALISATION BY MEXICO OF SONORA: Observer942 posted on this forum that HAD DL taken over Sonora/BCN, he would have got the MINE UP AND RUNNING. Yes, when REM was just a shell, the drilling was done very quickly and DL worked like mad. Also, had DL not done the Scoping Study for their part of Sonora at some NPV $1bn, then today, KDNC would NOT be able to speak to the Mexican govt. Why? No valuation so that was also what Seeking Alpha said was a good move by DL. MEXICAN TREASURY REPORT; SONORA IS OFFICIALLY VALUED AT "UP TO US$600 BILLION." I posted that on the KDNC.L page with link. BEHIND THE SCENES: That one will never know but suffice to say £1 by REM was rejected but some 45p from the major was accepted by BCN. Today, the Mexican govt has given the official reason [per their account] that BCN & major did not "PROGRESS" Sonora [exact wording more detailed] but the govt did not agree that a road or starting to build or clear some trees or whatever meet the criteria of progress, so called. BUT IF REM GOT A MINE GOING, IT WOULD BE HARDER TO TAKE IT, AS UNDER INT. ARBITRATION, THE SUMS INVOLVED WOULD BE BIG ie compensation if the govt lost. So, just posting what final conclusions I have gather
If you check 16th November RNS, it covers that,
Link: https://twitter.com/mxmining/status/1775193732767158328 2.4.24.
"Federal Court rejects Amparo from Ganfeng Lithium subsidiary."-Mexico Mining, 2.4.24
[REM MENTIONED].
[2] TRR LITIGATION RE: SONORA.
LORD ORR NAME MENTIONED IN LITIGATION. SHORT VIDEO FROM TRR [the 5 secs type]. Interesting.
Link: https://twitter.com/LondonSouthEast/status/1759524729306677281 19.2.24
[Focus IR]
Comment: Thought the old timers would be interested to see the REM name as KDNC not used. Why? It is still in REM Mexico 's name. Also, Lord Orr name in litigation or rather his family trust.
Navy visit to our port operations
We received a visit to our Santana unit from the Frigate Captain, Mr. João Batista da Conceição Reis. He is the commander of the Port Authority in the state of Amapá and his visit aimed to get to know our company, exchanging a lot of information about the procedures we will have in our port operations in the future. With this, we bring the transparency of our work to the authorities' knowledge of what we will carry out in our port, within the legalization required by the Brazilian Navy. The clarity of our processes strengthens our reputation in the mining segment and also establishes trustworthiness with our operational partners. We are DEV Mineração working for the development of the Northern region of Brazil.
Good to hear from you Ivybush,
Seems you made a wise decision, and yes we now carry a great deal of risk, short term EMH performance now seems critical.
GL
Hello to Barksy, jimb2 and other regular posters. I have not posted here for a long time as I sold out many months ago.
Kiran said that Amapa meant kdnc was "punching above its weight" and as time progresses the funding requirement
does appear problematical particularly as all junior minors are currently finding difficulty in securing credit.
I do follow this BB and may yet reinvest here-----Good luck all.
Good to see you are still looking in @Barksy1, I hope all is well with you and family - let's hope the bod can give you a reason to post again!
Take care,
Hows the garlic growing on the kitchen window ledge
@maddog38, l still trust KM, just not as much as a month ago.
Mexico!
Admin!
Hi barsky / I hope your hubbie is do well
Jimb2/ you never listen you have doged me for years for telling the truth ,
but like others we all got pulled in to k/ms spell with his shipping of ore after 6 months he was lieing ,
the mine would be up and running in 18 months another lie,
the income from the ore would pay for he referbishment of the railway and the reinstatement of the mine another lie.
the man is worse than legover who trained him to con the punters ,
are well i will never get that day out incourt you promisted me just as well it would have cost you more than you will ever see from this share.
I haven’t given up the ghost at all … Watching every word letter syllable comma ; just can’t be bothered to join in any more . Watching and waiting …..
Jimbo's lost his faith, Mermaid's lost her patience, Obs has retired to the great lithium mine in the sky and Barclay's given up the ghost after her thirty thousand posts. But the question on everyone's lips is, will EV ever lose his bull?
At this point we appear to have funded Amapa to the point that it can be licensed and sold as a viable 'shovel ready' 67% mine project, with any luck we could still see a reasonable return from it.
Dumped 100,000 yesterday @RG33, just a few from my recent yo up so at a loss.
Faith driven.
@jimb2,
🤔 🤔 You could always sell up, and move on of course !! only joking mate, 😄😄
Yes, there should absolutely have been a communication to explain this.
@EV_Bull,
should we be guessing?
That could have been mentioned and maybe a little damage limitation.
@Struv5,
I have no problem in saying yes I have lost faith since the raise, I was expecting something to be released that would justify the actions from the bod since early March - my faith has a correlation barometer - 'SP' -- you can account for market sentiment, geopolitical circumstances and other factors in a mining investment but the last 35% drop has only one one explanation as things stand.
Shame though, I was hoping to see the ten years of holding cross next month before I changed camp - twelve months or more of the data room and interested parties and we are reduced to a cash raise scramble that must in my view weaken our position in any negotiations - I was expecting something along those lines of an intertest being expressed with the increased stake in AMAPA and instead got the complete opposite.
I suspect the right of first refusal would come in to play had we not contributed.
Just wait until they raise the next 500k.....for wages 😂🤣😂
Lose faith are we Jim? I agree why on earth do we need that extra 1% now and then raise at a massive discount? Why! Sick of kiran have been for a wile. Only way out I see is averaging down and hoping for the best. 🤣 kiran needs to explain or close door on his way out!
Careful Jimb ... you're close to crossing the negativity line ...... stay on your own side you'll upset the balance 😂
Why didn't I listen?
Three weeks ago, a YT link from MLQ to Stock box discussing KDNC - they thought the project funding was sub 150 million and the view then!!
https://youtu.be/SU6r5QtDtas?si=jV4F5vWnSpvVgFLf&t=2266
Yes, and KM has managed to create a great deal of doubt around the ability of KDNC to develop AMAPA - I can only see any potential investor exploiting our cash position in their favour.
AIM at the moment is for short term investors, any gains are being taken and people move on to the next big bet - KDNC seem higher risk now than a year ago - why gamble on EMH coming good as KM is when you can just flip and buy yourself as I'm sure many have - Of course saying investment will come at the project level gives reason to believe we are months away from any cash injection or reduced risk.
I wonder how we will be paying the Clifford Chance legal bills?
Did we really need that 1% increase just now -
Could get a quote to sell 300k yesterday without going NT..... today down to a paltry 50k