Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Some big buy prints in FLO also today, usually moves up hard when these arrive, worth monitoring imo
If the bonds were not on the cards, then the CEO would have finally admitted defeat and gone with the traditional route and raised a lot more, towards billions of shares, as is the norm and self funded this. But then he and people he has brought inside have large share positions, so what does that tell you?
Doubling up - Just done a placing a few weeks ago at 11.5p for £2.7m. Don't expect it to go up much more while placing shares being sold, but if debt financing finally happens (Maybe a big IF) these prices will look very cheap. ATB
Not many spend £100k without deep research and nuanced understanding of the market, they may be inside line but likely just understand that this copper play is gold ( and silver)
Worth a punt...the upside looks good
Well at least they have completed the fundraise recently so no risk of placing am I right ?
Seems to be moving.
Huge buy, someone knows something, as they say follow the money....
Expect an RNS here pretty soon and rerate straight back up. Last RNS outlined what we can expect.
Hopefully something on the bonds!
Why has someone 100k ? News waiting ?
What's the latest here? Never followed these people before
Movement alert upwards from someone on PREM.
Massive volume for PXC. Could we be in line for some good news at last?
Someone knows something
....making a nice move this week. Can see a break of $4 coming, it keep banging on the door of $3.9.
What happened to talk about Sulphides and Porphyry? Billions of $$$$$$$$$$
Chid: many thanks for your repeated identical warnings. You don't hold shares here & you are not adding any new information or view. The bulletin board is quiet as most of us are reasonably researched, have made our decisions & are waiting. Why not leave us in peace and maybe post on the....let me think....Llyods bulletin board!
.... or as it is more commonly known as, 'second hand' equipment, to go with a second hand mine.
Let's hope the Americans aren't laughing at the dumb British buying up their 'cast offs'.
Let's hope the board of directors aren't also laughing at investors whilst they live well for years on a good salary as we watch our capital dwindle and daily trades less than all our fingers and toes total.
Confidence is paper thin, and Bible paper at that.
Watched UKOG go the same way, the expert, the hype, the rise the fall, play out for years now its share is in the hundred or maybe even a thousand to a penny now. Just because a share is low, never assume it can't go far far lower.
Aim is always a huge risk even if a board member is 'close' to the directors, and as I have said before, IF I were so sure it was a dead cert, I would keep such to myself and buy up as much stock as oft as I could at a lower price, not big it up thus perhaps raising the price on hype.
Don't be afraid to ask the 'right' questions and read the white spaces between the black with more care.
English P
From reading your post on PXC, you seem to be making a pitch for being the 5th horsemen of the apocalypse - fear :)
Bankrupty - I think I've more chance seeing the 4 horsemen of the apocalypse than seeing an Empire mine generate actual cash.
"The Directors believe the purchase of these mills at a significant discount to the price of the same equipment when new, should have a material positive impact on the Empire mine project economics"
I wonder if this was a "chicken and egg" situation? Those who were looking to lend the money wanted the economics to be improved and for this to be derisked - which is why we purchased equipment at cheaper than new cost and before the bonds were approved. ?
I'm more confident of a favourable conclusion to this now than I was yesterday, but there is still risk here and I understand why some are still sceptical.
"The Directors believe the purchase of these mills at a significant discount to the price of the same equipment when new, should have a material positive impact on the Empire mine project economics, as well as reducing the time required to purchase these long lead-time items."
They could have waited and bought when new with bond funds - but bought now as they must fully expect the Bond to be confirmed - the time saving on long lead items is worth more to them than the cash on account.
I think (hope) the main difference with PXC is that we have cornerstone investors who have bought into this project from day 1 and have been to site probably several times now.
Fair enough and well played on your prior trades.
I suspect news of funding (which is in all likelihood the main catalyst here to get the sp over 17p in the short term) will see it sails past 17p and on towards previous highs in relatively short order....it is the huge uncertainty weighing down sentiment and investor confidence
As such you could well be selling at the inflection point...although emotionless de-risking is a solid AIM strategy in the current environment
Sportbilly1976 i was lucky enough to get in at 20p during the lockdowns and 3 bag so sold my original stakes worth and more at around 60p which meant i was left with a small tranche of shares which effectively only cost me £20!
However, believing in the BOD, i put more money in later down the line thinking funding is just "one signature away" and as a result my avg now sits at 17.44 which isn't too bad.
I've learnt with AIM (after being burnt so many times) to just derisk where possible with no emotion, this one ticked so many boxes and yet they still might screw it up. Just got to wait it out and see what happens now.
You can have a free carry at any price around the current sp to de-risk totally?
Unless you have massively added in the recent week or so, that suggests you have been invested here since the sub-10p dip in 2020
Capital difficult to come by as the baby boomers retire and move into T bills, take their money off the table - so those projects that do get finance are top tier and have passed rigorous due diligence - Phoenix likely to have passed this process and just waiting on final approvals, or they would have gone the traditional funding route by now.
copper in high demand and growing with green tech reqs
if mining development timeframes are not what you may have patience for, then should move on to faster moving plays.