Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I imagine that's why Suzhou have only dropped him off half the money and stuck someone on their board.
Alot harder for him to spend it on anything else
GR has a record of using the funds for anything but what he should.
Alert , yes sorry for typing errors , all the best
Snowking,
I still read your posts with interest, we have differed in opinions previously. But at the end of the day we all want this to rocket. We both agree prem is in the best position it has ever been in. Onwards and upwards.
Serious question though, is there something wrong with your keyboard? I do struggle to translate your posts sometimes, just asking :)
Suzhou
Are not miners all they want is spodumene , some forget that .
They wa t prem to be pumping out 100,000 plus tonnes a year if not 200,000 or more .
This pilot mine is just the start , Suzhou don’t want to own zulu they just want it to quickly become massive . Prem hold all the cards , so worrying whether production is fen March or May matters little in the long run . The demand for spodumene ene a d price will drive prem value possibly into the billions .
You would hit this k that at moment with Prem share price .
The penalty for not producing by end of March is some interest on loan , prem have until end of May to get the stuff out of the ground before Peña,ties become bigger . Suzhou are not taking over zulu as a default .
Tonight’s usa climAte bill will only increase the demand on lithium .
I can see contract spodumene above $5500 end of year and sales for prem at $25m per month .
Time to buy these dips as at some stage someone will take a chunk and push up price well before February
Thanks for the comment t below that someone is buying in 5 m clips , there is also someone else buying and next week maybe interesting .
SHAREINTHIS, looks like you have done some research of your own now.
Can you point me to your interpretation that they will hold all the cards if they fail to deliver. I can't find anything that says that if they fail to deliver Suzhou will? There will be interest due on the prepayment so keen to understand your source or interpretation of said source.
You have to remember that the prepayment money is being spent on roads, mining equipment etc. All would increase the value of Zulu on a balance sheet and therefore the value of the asset. So even if they failed to deliver on time they would have an asset value greater than it currently is. It's not just 18 million they have just been given to **** up the wall
Wolf that's a big. January you say now ? Where has that come from.
If this doesn't meet Suzoh's deal then they will hold all the cards.
Just because other companies are/were interested doesn't mean they will be if mine isn't ready. They will be seeing and what many think with GR that he has failed to deliver. Again. I just want better reports of mine readiness.
Dukey, pre-empting worst case scenarios at this juncture is a little premature... If the pilot plant is ready by January PREM will be on target!! After that it's all about production and revenue ?
Wolf
Snowking I know what your saying with somebody else will step in "they could easily get others to put up the money to buyout Suzhou" but if prem fail to hit targets and requirements confidence in GR and PREM will be lower than its ever been and further proof GR is so far only able to deliver failure. That would mean anybody coming in would have terms to benefit them hugely as they hold all the power or they would pass on the high risk.
I don't see why everybody invested thinks that Prem can only deliver............. its far form that scenario
Plugin is the future!!! demand will outstrip supply at least until 2025... and could well go beyond.
Wolf
https://www.mining.com/hundreds-of-new-mines-required-to-meet-2030-battery-metals-demand-iea-report/
Prem is in a prime position to take advantage of the huge shortfall of lithium miners producing.
The whole car industry is scrambling for a lithium source. Perfect position to be in for prem.
Roman wolf , is correct that is a doomsday scenario, but actually I asked George about the worst outcome and if there was some disaster , prem have so many companies wanting to invest in prem , they could easily get others to put up the money to buyout Suzhou . It is the fact that with spodumene in massive demand that prem are in an amazing position
There's too many different scenarios to happen before that. It's a prepayment, agreement with some penalities for not delivering the required resource.
In short if they epically failed to deliver as long as they could clear the 35 million they would be fine and I'm sure someone else would jump in.
Your "friend" is stating a doomsday scenario lol
Wolf
Well you have.
Elaborate please.
I'm just after knowledge.
Positive or negative
Not even worth a response, there's multiple different scenarios for that to happen
CATL to Supply M3P Batteries to Tesla in Q4
https://pandaily.com/catl-to-supply-m3p-batteries-to-tesla-in-q4/
Is it right that if the mine is not succesfully constructed then Suzoh walk away from Prem and get the mine for their investment.
Asking for a friend...