Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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There is still a situation where bye the new Directors have to advise on a date regarding the issue of details on how the IMM deal will be dealt with. Until then technically the deal to me is not wrapped up.
SY1, all under control.
Believe David Taylor has left
So that poses more questions than it answers.
May 9th, 2023 news release - "Rome is also a party to an option agreement (“Option Agreement”) with CoTinCo dated August 15, 2022 pursuant to which it was granted two options by CoTinCo to acquire up to a 51% undivided interest in the Bisie North-East Exploration Permit 15130. Following its exercise of the first option under the Option Agreement, Rome has earned a 25% interest in and to the Bisie North-East Exploration Permit 15130. By exercising its second option under the Option Agreement, Rome can increase its interest in Mont Agoma by an additional 26%, and by acquiring a 15% interest in Mont Agoma from Palm, Rome can acquire up to a total 66% interest in Mont Agoma."
So does the presentation mean RMR can hold upto 85% in PR15130 (Mont Agoma) & upto 72.5% in PEPM13274?
Interview is definitely worth a watch (10 mins) ......... Rome Resource drill results and potential world class resources etc with CEO Mark Gasson .
Need to get clued up as shareholders will no doubt have to vote at some stage (RTO).
https://www.proactiveinvestors.com/companies/news/1024512/rome-resources-releases-fresh-assays-from-bisie-north-tin-project-1024512.html
Hi Iptuf93- No. Its here (from their latest presentation)--
Two licences, PEPM 13274 & PR 15130, cover 38.4km2
• Rome has acquired 51% indirect interests of both
permits on the following terms:
• Funding CAD$4M of exploration expenditures on both
permits
• Issuance of 48M Rome shares
• Agreement signed to acquire an additional 15%
indirect interest in PR15130
• Rome has an option on additional 19% (PR15130) and 21.5% (PEPM13274)
SY1, I’m sure you are right but I find in interesting that some companies get tripped up by the admin. The devil is alway in the (admin) detail.
Cut and paste into browser
Shortened link to Key2's earlier post re MG interview. LSE will hopefully allow and definitely worth a watch:
t.ly/oeNrF
I've been following RMR over on ceo.ca for a number of weeks now - had no idea Mark was on the board of PFP but now the deal makes a bit more sense. It's really interesting that access to capital is one of the reasons for coming over to London - I always assumed TSX was the venture for serious mining explorers.
Mark made some pretty interesting comments in May after their initial drilling results - "Previous experience in working in similar environments has shown that a centimetre wide cassiterite (tin) zone or vein at shallow intervals can blow out into a 20 to 30m wide mineralised zone at depth or along strike." In the context of the adjoining license looking to produce 7% of the worlds Tin supply next year, you can see why they're so thrilled with these small Tin intercepts at surface...
Thanks for the information lptuf93 - maybe wishful thinking on my behalf about it being a copper and zinc miner. Will have to do some research on the company.
Company they're acquiring is primarily a tin explorer - however they have found interesting amounts of copper and zinc. I have quite a few questions about Romes owndership structure. From reading the license news releases over the past 12months am I right in thinking they can own upto 51.475% of license PEPM13274 & 66% of license PR15130 (Mount Agoma)?
I have a small holding here and I think there will always be the element of high risk and high reward. The potential RTO is a copper, zinc and silver mining company. If you believe there is a good chance of a bull run in the upcoming years on copper and zinc this might turn out to be a good investment. There is some question whether it is possible to reach net zero targets set by the governments but even if the path towards it is slower than planned green energy initiatives will likely call for increased amounts of copper and zinc. All with the added bonus of potential preferential shares for holders who were holding around 4 September 2023 - I don't want to get too excited this could be a gem of a share.
What’s peoples thoughts on new share price and how many share will we give up etc
Hi FB- Its an admin matter only I would say. Im sure they havent paid £1m for IMM to disappear. If you are concerned, send them a msg--
https://www.acumenadvisorygroup.com/contact
I have been off with my predictions recently for PFP, so maybe take with a pinch of salt, but is it possible that AAG could have reached a settlement to drop the claim? Could align with AAG's request for an extension to initiate the claim.
Not quite sure why AAG would buy IMM and then let it get struck off thereby killing the possibility of the BIT claim the bought IMM to pursue ?
Yes Key2- Rome shareholders will get the cash they need for further drilling now, 75% of so of the combined entity on the relisting but they have the same team that found the Alphamin deposits, they have selected two areas bordering those deposits and have 51% of each now, with 85% and 72.5% possible if they get decent drill results and so PFP have done a decent job in finding what could be a world class resources in due course. I have plenty pf PFP shares and Im v happy today. Everyone needs to do their own research of course.
Looks to me like a company (Roman Resources) currently valued at around $20 million on the Canadian stockmarket with successful drilling results and potential world class acreage could be listed (already fully researched by Mark Gasson as he is CEO of both companies) here in the UK via Pathfinder RTO. Sounds good to me as opposed to delisting......... !
Anyone else think this could be transformational for Pathfinder ??
No problem- the latest Rome presentation (Nov 23) is here too--
https://romeresources.com/wp-content/uploads/2023/11/20231116_121-Presentation_RMR.pdf
Thanks SteveY1 for posting the interview link
Hi Key2- its here--
https://www.proactiveinvestors.com/companies/news/1024512/rome-resources-releases-fresh-assays-from-bisie-north-tin-project-1024512.html
First Gazette notice for compulsory strike-off posted by Companies House.
May be someone could post a direct link to the Gasson / Warner Proactive interview I just mentioned to highlight the potential here if this RTO goes ahead as shareholders will need to get clued up in order to vote.
Thanks
Roman Resources Ltd (TSX-V:RMR) President and CEO Mark Gasson speaks to Thomas Warner from Proactive after releasing fresh assays from a recently completed drilling program within the Bisie North Tin Project ........ 24th August 2023. Unable to post the link but definitely worth watching (10 mins) on YouTube or via Proactive ! This could be transformational if the RTO gets the go ahead as next to world class deposit and open in both directions and down dip.
% figures are impressive