Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@Bannor - Here I was thinking there was only one band. :') and yes, it's a bit unfortunate that your partner felt that way. In most cases they tend to be good natured. Passionate but generally good natured, although I've only been to a handful. Never really followed the Sri Lankan team.
And true. England now is a totally different team. Much more aggressive on the field and Sri Lanka the opposite I guess.
As for the difference, it is very true and sadly I've been told it is starker now. The level of inflation it shocking and I feel that it will get worse.
And I'd be shocked too tbh and I'd be in your co-passangers camp if I had seen you laughing. Lol.
Oh yes. Let me stop there. Lot of interest this morning.
@cause 20:23 :
'THE' band ...there was about 5/6 of them dotted around the ground, one of them right in front of us & huge flags being waved all over the shop.
Atmosphere there was certainly plenty of that, although to be honest I think my partner was a little uncomfortable with it a passionate crowd indeed it's a little unfortunate that there were so few English supporters in the ground .. but to be fair we'd lost the series by then & the team was looking very sorry for itself - bit different since Morgan took over the one day side.
Food was generally great but I have to say I found the contrast between the haves & have nots a bit stark & quite sad, the contrast & gulf between hotel grounds & just about everywhere else as soon as you stepped outside the 'generally fenced' grounds was truly shocking, nicer people you couldn't hope to meet though so good natured & friendly.....well those we came across anyways......culture, places of interest & wildlife parks truly amazing..... having an elephant try to wrestle my partners camera out of her hands with its trunk from the top of a covered but open truck whilst simultaneously rocking the vehicle is something that still makes me laugh out loud today :-)) I got the impression everyone else in the truck thought I was a complete nut job as they scampered away in fear as I laughed at them, I really found it quite amusing I don't think there's anyway of appreciating the rumble & resonance of an elephants voice until you've heard it up close & felt the vibrations passing through you... absolutely stunning & I'd put myself there again without a second thought.
Anyway back to watching for movement on the Amazon..
Totally understood @Obs.
I think you have been clear about how you will react when answering @FrankieH's questions much earlier. It looks to be a good strategy.
Again thank you.
Also if you are reading, hope you are well @FrankieH.
@Cause - I should make clear this really is my own best guess at what I think the market will value the company at. For sure there will be some who are so desperate to get out they'll happily sell the lot at 20p whilst at the same time those who have been waiting on the sidelines for the deal to complete will be piling in hard taking their shares off their hands. Both parties will be happy with their decision, until of course the share price moves in either direction...
Personally, since I've got so much invested in here I'll be derisking on the way up, and only adding if the share price is below the range I think is reasonable for the point in the project. For instance, right now I had a fair value of around 14-20p, meaning I would continue to add below 14p, and derisk above 20p all things being equal. Of course if the ship starts to move towards the port and we still haven't had news that range shifts upwards on anticipation of an RNS which will likely jolt the market... :-))))
Fingers crossed for the 20th!
@Mr.Lithium - Fair enough :) Though don't wait so long on the cooking front. You never know what you can and can't eat when you are that age.
@Mr.Lithium - lol. Guess not everyone's cup of tea. Fun if you get into it.
@Y - Really?
Thanks @Obs. Makes sense. :)
@Mr.Lithium- You are always welcome to play some cricket, unless @maddog insist you do the wheelbarrow duty.
@Cause: "@Obs - Would $450 million be a fair value for Amapa? I would have though it would be valued higher..or is that to reflect the mine needing some work to get into production?". I think if the mine were producing today with today's iron ore prices, exchange rates and shipping costs then $450m would woefully underestimate the value of the project. But it isn't.
Realistically speaking we aren't going to be able to put a good value on it until we have struck a deal with the bankers and know the details, and how that fits together with other required costs apportioned in the JRP: equity to debt. The scoping study should do a more refined job than our collective ">40p sounds about right for 20%?" to inform the market of the value of the project. Lol! ;-) Raising $3.5m to take us to 27% should be fairly straightforward, but going to 49% should be a little bit more, interesting, shall we say... Then again, if we are offered an out for £50-£100m perhaps we'll take it to concentrate on Lithium and Rare Earths, hopefully the rising stars of this decade - finally! ;-)
Ob.
@Masterbaker - Yes. Cricket was all we played when we were free. Some funny forms of it too. :') I am Windies fan though. Always been.
As for ships, I did want to study marine technology but didn't..:')
@Obs - Would $450 million be a fair value for Amapa? I would have though it would be valued higher..or is that to reflect the mine needing some work to get into production?
@Bannor - lol. I hope you enjoyed it. I think the Sri Lankan fans create a special atmosphere with their music. Did you happen to sit next to the band? If not, if you get the chance, try it. And how did you find the country and the food?
Watched the final Sri Lanka v England one day international in what I have subsequently called 'The Cauldron of Colombo' fortunately for the 12 England supporters crammed into 8 seats timorously waving their flags ... we got mullered.
Great day out though... bit of difficulty getting out at the close of play because a couple of dozen very happy Sri Lankans all wanted to have their picture taken with the departing supporters of the vanquished LoL.
@Cause. A valuation for KDNC is far from straightforward! In particular, should Amapa come good it unlocks our other projects, Sonora, Cinovec and Yangibana: we would be able to stand our ground with those - Sonora being the most exciting for me should an increase to 50ktpa and beyond be announced. However, an on the face of it calculation what you are after might go like:
If the market valued our 20% of Amapa at 50p a share, with 140,219,053 shares in issue that would value the 20% at £70m and the whole at £350m or $450m.
Personally I'd be surprised if we didn't exceed 30p on 20% and ore shipping, and surprised if we exceeded 60p. But AIM has form for surprising me both on the upside and downside! LoL. ;-(
Ob.
Hope I haven't got you chasing ghosts now Cause. No, I was shore based staff, but I did go on the ships daily.
I'll give you a heads up in future.
The penny's dropped, I understand your strong interest in cricket now.
Are we about to see a bit of action?
@Obs - What would 60p at 20% value Amapa at as per your calculations?
@Masterbaker - is this another of your word plays? " I wasn't sea going staff"
My current targets: 20p-40p on shipping news. 30p-60p we've taken 20% of Amapa project. 70p+ 27% & > £1 if we take 49%. Lots of caveats, not least the price of iron doesn't crash and the USD to BRL stays very much in our favour, one of the reasons this is such a great prospect if you haven't worked out why... Historical valuations of the Amapa project you may have seen were based on an exchange rate of around 2 or less. Now it's 5.58 :-)))) All IMHO and subject to change! ;-)
£1 seems a big target but it's been far higher on nothing more than hot air and potential, at least this time it's on something solid and lets face it, it doesn't get much more solid that iron !
Over 7yrs :( so far
Surely that’s like asking ...how longs a piece of string? :) it depends on how long you intend to leave it on the table
Break even at £1
I want between 40-100 depending on how things
Play out assuming we are successful over the next few years
What are peoples targets?