Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks for the support bankrupty. Yes, I believe in PXC, and am extremely confident that the BoD will deliver on the bonds. We all know that this has been an uphill struggle with the issues we have seen in the last years, with Covid and Ukraine not helping. But I believe that with Copper and Gold really coming good, the finance will be delivered, and very soon.
We've sat for a long time listening to the children in the back asking "are we nearly there yet", and I believe we can turn round to them and say, yes, very, very nearly there.
Thanks also for the reminder about the porphyry , intoodeep, and you are of course right. We know that the open pit mine will deliver the profitability, but it's for all the extras I am here. I am looking forward to this delivering my pension. I put this share away in my drawer, and am not pulling the certificates out till we have arrived.
BofA on #copper: The decline in #copper treatment and refining charges has been much discussed during #Copper Week in Santiago. That tightening in terms has been driven by a confluence of factors, including 1) low mine supply growth, which has been exacerbated by supply disruptions and 2) investment in smelting capacity especially in China. Picking up on the last point, smelter capacity utilization rates have been declining steadily.
Commenting on that, Aurubis’ CEO Roland Harings said that China’s smelters “are taking concentrates in at levels where you cannot make profits."
Even though the predicted porphyry under Empire is Tungsten, it's all looking positive here.
1. Silver, gold and copper charts all looking very good. Copper tagged $4.55 earlier today.
2. Easter, Ramadan/Eid, new tax year all behind us.
3. AGM likely within 6 weeks (8th June in 2023).
4. The huge piece of work that is the PFS due out before the AGM.
5. The bonds - likely before the AGM. It's all about the bonds.
If bonds land (I believe it's 'when' rather than 'if'), this share will be north of 70p (conservative) as many things are unlocked with it. Including further pre-loved equipment at bargin prices. Also, with cash, M&As?
Everything above 5. is fact. 5. is imminent (opinion of many). In my view, fact. Given that the current share price is within 0.5p of the January 2024 placing, 11-12 has been a reasonable floor for quite a while. Positive news since has been predictably sold into. When the bonds land, buying pressure will be immense. DYOR. 🙂
Https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/
An interesting read.
Cheers from me RightOn!.......you kept me going years ago...and I suspected you weren't far away....your post here is a bit odd to me....almost like "my BOD friends have shunned me a bit".....perhaps they felt you were too informative here...and needed less overt posting?
Any way that is your business! and my speculation only....matters not in the "biggy picture"....in a recent post of mine...I highlighted the "future excitement" when we get out of this cycle of "finance frustration"......Red Star, Horseshoe, Whiteknob, Bluebird & Windy Devil Claims , Navarre Creek Carlin, "Elephant" beneath sulphides...and our "dirty oxides" to fund the exploration with divies? ETC.
I note your return to posting....and to an extent wonder if you have got the same idea on the timeframes for exciting PFS/Bonds circa $25m/ extra "used equipment" etc. which IMO will happen in May/ leading into June ??
Good Luck RO et Al.
After a while off the boards, I am back with renewed energy. Let me express my feelings. The most important consideration is that the underlying fundamentals remain strong, and for me this remains a solid investment.
I have felt a little let down by the lack of communication from the BoD, but am sure the story will come out in the wash. I continue to have confidence in them to deliver on the product, ie getting our mine into operation.
I know the reserves will shortly be upgraded, the PFS should be delivered any day now, where I am expecting spectacular results, and I fully expect the finance to be delivered. Yes, I was disappointed with the recent equity raise (which should have been done when the share price was higher, in my opinion), but if/when we manage to get to production with just this, or a relatively small extra dilution, I would be delighted. I have not sold any shares, and do not intend selling any into the near term.
This immediate project is for the oxides open pit mine. Once we are in production we then have the deep sulphides, Navarre Creek Carlin style gold, Red Star silver, etc. These make me salivate.
Yes, I can hear the screams, the key to all the above is the finance. I agree. But I remain positive.
At the end of the day today so far we are all down maybe 50 to 90%...including the BOD about £4m worth since Oct '21 high of circa 75p?....and short term we are not happy and laughing....it's been frustrating.....but I believe it will be sorted and before end of June which is what....10 weeks away.....and I expect May....so maybe 6 weeks away....maybe sooner?
.....then we'll all be laughing and happy.....and I'm sure there will be cycles ahead which could again be challenging.....but that's the way it goes.
I have two choices....stay put if I believe....or if I can see another investment where I believe I can do better with my PXC investment...then I can sell PXC and buy that one......especially if I think it will multi-bag quicker.....so many choices....and each of us has to make the same choice....I hold a PXC CORE and trade a bit too.....and I honestly don't think I do that well trading....pluses and minuses tend to balance out roughly!
But I'm sticking with my core....I'd be sick if the funding RNS landed next ***day or ***day or ***day or the following week....and I had sold up after all this time.....so much patience invested rather than just money!!!!
Your choice!
Thanks SportsBilly, in light of the information I would like to retract that statement and extend my heartfelt apologies to Mr Pond. I would also like to thank him for shilling this wonderful company and stock to me all those years ago with those insightful, well thought out and 100% factual sharesoc videos. I'm so, so glad I invested my money here. Following his financial advice has led me to riches beyond my wildest dreams.
"Our own Investor relations, Mr Pond has admitted to selling a chunk last summer.
He knows what's happening."
I assume you read his full post and so are aware of his reasons for selling, but you chose to omit that from your comment...it would seem to paint the view he sold knowing the share price would fall / the financing would take longer than expected etc?
You even phrase it as a statement, not a rhetorical question. Brave thing to do to a lawyer.
What's the current SP? Why is it that?
I have £21 million to bring the open pit of Empire into production........ To I have no money, I've had to borrow off Riverfort and do a 20% dilution all the while I have paid myself £200k a year, also I have relatively little skin in the game in regards to the amount of stock I own.
Our own Investor relations, Mr Pond has admitted to selling a chunk last summer. He knows what's happening.
We are all 70% down and you expect us to be happy?
The value of having a low carbon producing mine will be very telling soon. There will be an index attributed to mines that show how much carbon emissions are created by the mine. The cleanest mines will attract more customers and a premium price for the copper. Getting the PFS and mine design with maximum ESG credentials is essential.
Rudiger: honestly, 5 posts since you open this brand new account on 25.3.24. All on PXC. All just spreading FUD.
I would agree with you on one point: some folk can't see what's in front of them. Bonds and PFS (I think in that order) are coming. Soon. Signing off till delivered.
I hope it's with us next week. Too many people here refusing to look at what is right in front of them in fear of admitting their own mistakes here. Inept management.
Hope it's with us by May?!? My word. 2 years of excuses regarding finance. And the messed up thing is I'm not exaggerating. 2 YEARS of 'TOMORROW GOV HONEST". If they do the same with PFS..deary me
Paul de Gruchy was answering a conversation on ADVN and made what I think is a relevant point (It's a big piece of work and a large document):-
"I think there are 17 different external feeds going into the PFS. It is a big piece of work that needs external validation of each material assumption."
Hope it's with us in May!
Citi Research on #copper: Funds have driven #copper up to ~$9,500/t (+~20% since late November), on early signs of global reflation and in anticipation of physical deficits. Pure-play #copper equities, which are even more forward-looking, have moved up to a price of $10.5k-12.5k/t #copper into perpetuity, suggesting that there is further room for forward-looking investors to take the commodity price higher. Indeed, pure-play equity-implied #copper prices are consistent with our view that we have entered the second secular #copper bull market this century. Likely LME withdrawals of Russian metal and modest deficits should support prices around current levels over the next 3 months. We still see a path up to $15k/t by 2026 in our bull-case scenario.
I suspect the bondholders were looking some sort of convertibility which would lead to dilution and therefore a no go.....The talks perhaps are leading to a number of hoop jumping conditions to avoid said dilution! It wouldn't be a shock to me to find it's PXC BOD that have been totally in control here or at the very least....mainly in control! I suspect we are very near......hope so!
And A bit stolen from ADVN in reply to me:-
"............I'm as frustrated as most here on at the time frame and constant slippages, but from here the risk reward suggest to me that getting out at a significant loss could be a serious error when sentiment could turn around - and very significantly - any day now."
Who knows?
Looking likely to be more missed timelines (which they are setting themselves up for).
You've got the IR guy saying PFS expected this month, knowing full well that a number of timelines have already slipped in the past and that retail shareholders on a public forum are already on edge about this. So you'd think him mentioning PFS expected this month would be said with much confidence and assurance that it would arrive on time. I'm not expecting him to know the exact day of release but on AIM its always better to under-promise and over-deliver. PXC seem to be doing the opposite.
Not expecting the PFS until mid May now and no idea of these bonds yet. Share price reflects the story here. If the market believed that PXC were on the cusp on putting the bonds away, the SP would be much higher.
Copper through $9600
Whilst Mr Pond is correct in that an extra week is neither here nor there, he is undoubtedly forgetting the frankly behavioural problems of pxc management missing deadline date, after deadline date, after deadline date.
Now please excuse the sterotyping here but with Richard and Marcus it is not so surprising, Brits don't really like work by I would have thought Ryan far more on the ball. It seems not
How do the folk at Konnex perceive their British overlords? They can't have a great relationship considering they spent £20million on not much and then went begging to RF. Shambles I tell thee
Monday the 6th is a bank holiday, lets hope that it a least arrives on the 7th.
I don't think they like Fridays for RNSs .......but perhaps if it's GR8* news to be ingested .....maybe a good idea!
Yes i had noticed that, but assumed that it implicated rns on th Friday the 3rd.
Both are Saturdays.......lol
We can only focus on the contents once we see them- so is it a given then that it'll (pfs) be visible by 4th of May!
An update comment this morning on ADVFN from Paul de Gruchy (PXC's Investor relations co-ordinator UK):-
"On timing of the PFS I was asked if it was on target for this month still and I answered along the lines of “there or thereabouts”. I’d urge people to focus on the content of the PFS: if it comes out on 27 April or 4 May it really isn’t material"