Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Replace your "trouble" with "investment" BilkoBuddy
Good Luck Here......
Further to my earlier comment bankrupty, I held ALL ( IRR ? ) from 20p to mid 50s ( a tad premature ! ) no complaints from me. I shall leave Nat King Cole with the last word on the political implications. “ There May Be Trouble Ahead “ BW
Interesting timing of the announcement for Brittany. I know she has been working for us for a while. I am assuming it’s a promotion. Either way I am delighted she has decided to take the post.
Idaho local with her own public profile that she brings to the team and a great cv. Community engagement and trust will be key as the mine develops.
Also Paul director of ShareSoc an advocate for us PI’s. Wow! He will be well aware of the tough time we have had in the smallcap space of late!
Sounds like two great appointments. We have enough geo’s, mining and finance experience on the team. Now we have more regulatory, community and investor engagement experts. Looking like a more rounded team!
One thing I learnt was ‘don’t build a team in your own image!’ PXC have certainly recruited a diversity of skills now!
All lining up nicely and still only a few regulars here.
Shhh!
Usual caveats
Trek
further to my last post.....I remind myself that both two companies may never have to approach the market to raise capital.........that's a huge PLUS+ and not common on AIM.....
I think the cost of "Clean Energy" will be circa 400% more.......but the desire to "electrify" us is intense.....and will be forced through regardless of cost.....the trouble is that supply is woefully less than the demand for both copper and lithium due to under investment over the last 20 years....not anticipating this situation.
Therefore due to the lenght of time (8 years +) to get up and running.....companies like PXC (Copper/Zinc) and then on to PMs.....and ALL (Atlantic Lithium)......both very close to production with high quality resource and and management....
will be at a major advantage.....time wise.....and IRR wise
GLA
I guess if this clean energy mania survives the economic situation etc. ( Jane’s purse & Jack’s wallet ) If I have to choose between copper & lithium …. my pennies have gone for copper. BW
Added another 5k today
Strong buy if you can get them......someone this morning worked hard to sell their 10k shares.......virtually no liquidity.....everybody seems to be holding very tightly....it's like a coiled spring or a bomb with the timer running out....I feel the intensity...and look forward to the SP breakout !
The RNS today....I feel PXC/Konnex is about to have it's profile raised with the new PR appointments and starting with the presentation by our Investor Relations Coordinator Paul de Gruchy at the Mello '22 Investor conference event in London this Thursday....I didn't realise Paul is also a director of Sharesoc with over 3,000 members......the power of networking will come into play I feel....which will not harm us!
Seems to dip during the day rise at the end and dip at the next open. 46.38 to 50p today.
It’s a similar pattern of late albeit with a lower high.
Early afternoon (2pm ish) seems to be a good price unless you catch them knapping early doors!
I will likely be joining you next week!
Usual caveats
Trek
Certainly feels like it’s gearing up for potential move . Buying pressure is coming , I may add my final position under 50p tomorrow as the potential growth for the rest of the year is hard to ignore to many catalysts.
I wouldn’t include Ireland and defo not UK (if it’s there) as taxation and politics are too volatile. That is why countries like Kenya, Tanzania, Ghana are become more favoured. They have a stable to improving tax regime. Also no talk of devolution etc!
TR1’s….. old doc but shows exemptions clearly. They haven’t to my knowledge changed. It’s for Custodians..
‘ Exempt Holdings
The following types of holdings are among those that are exempt from the calculation as to whether or not a reporting threshold has been reached or exceeded and may be disregarded:
• Shares acquired for the sole purpose of clearing and settlement within a three-day settlement cycle;
• Shares held by a custodian or nominee in that capacity, provided that the custodian or nominee can only exercise the voting rights attached to such shares under instructions given in writing or by electronic means;
• Shares held by a market maker;
• Shares held by a bank or investment firm within its trading book;
• Shares transferred as collateral, provided that the collateral taker does not declare its intention to exercise, and does not exercise, the voting rights attached to such shares; and
• Shares borrowed under a stock lending agreement.“
https://www.srz.com/images/content/1/4/149202/SRZ-UK-Shareholder-Activism-Briefing-FCA-Rules-on-Trade-Reportin.pdf
Custodians and Nominee accounts….
https://www.investopedia.com/terms/n/nominee.asp
These took part in the March financing but are held in nominee accounts same as retail….
‘ Hargreaves Hale (Marlborough Nano-Cap Growth Fund), Tosca Fund, Premier Miton and Edale.’
Usual caveats
Trek
Yes TrekMalone twas my buy..
"Investment Reference Type Order type Quantity Amount Price Date entered Expiry date Status
Phoenix Copper Ltd Registered Shs 44622C50G8V Buy At best 32,500 15,426.20 47.45p 23/05/2022 N/A Dealt"
Is that the best you can do with the negatives.LOL!
That's all just small noise....! But fair points really.....I'll balance that with......
GEOPOLITICAL STABILITY
Fraser Institute’s Survey of Mining Companies 2020
• Idaho - highest rated in the Policy Perception Index (IN THE WORLD) I think Finland and Ireland are in the top 4!
I think as fiat currencies move backward silver gold and all commodities will move forward...it is a bit annoying reference interest rates but I guess they really are artificially low. Companies used to pay 20%+ in the 80s.
Out of interest how does a shareholder hide behind a nominee account? Do they still not need to TR1?
Lol Bilko,
Couple of negatives, Ag price is imo a tad high in the PEA. I have posted that before to have some balance to my posts
Cu has come off its highs…
https://tradingeconomics.com/commodity/copper
Since they have given us as good as assurances re non dilutive funding rates have gone up.
Major shareholders are invisible as they are also hidden in nominees accounts. I had that on email exchange with the Co
That’s pretty much it other than the obvious mining risks.
As for the positives how long you got but many are already listed.
Well that’s my attempt at a deramp as I will be topping up soon when I can flip some in here but the wider market is doing well atm. Hoping to get my average close to 50p.
Was good to know that bankrupty’s 32500 trade was a buy and not a sell as shown. I am watching the trades over the next few days to get a feel for the prices.
Good luck with your investments
Usual caveats
Trek
Jeez ! …. I bought the fundamentals back in 2020 ? ( 74p ) … Have been averaging down ever since. ( If Trek is unable to find negativity, and he usually examines with a similar intensity as Hercule Poirot. ) I guess we’ll see in time who’s still got their trousers. BW
Good post
Even the average of the yearly high and low is still over 60p........and we're in a stronger position today than last August's 82p high.....and I managed to get my 32,500 @ 47.5p.....which fills my Friday 20k desire....and another 20k for today! Why not?.....the Konnex staff moving to Mackay in anticipation of mine development is a major factor! The 1% exploratio with 99% left to do, Red Star, Navarre Creek, Deep Sulphides at Empire...possible massive Tungstn/Molybedum below, Cobalt assets etc.
Easily 60p ++ definately worth a £1 today.....and with the BOD seeing a £1bn pound company built out of cash cow/Empire with no expected share dilution...I'm just trying to summarise the pluses!
Just can't see any negatives....suppose just the time it all takes......but the potential is fantastic!
GLA
I think this is one of the key strengths of PXC.
It’s still under the radar of many (hopefully Paul de Gruchy can change this!), and there is a large percentage of PI shareholders with significant holdings (250k+ shares).
With a small number of shares in issue and most holders just sitting tight, once the good news starts to roll in we should move up quickly (Conversely, a small number of sell does create the drop we have seen again recently).
The ducks are indeed lining up nicely. June should be an exciting month and there is likely to be significant updates all summer, hopefully culminating in a permit by year end.
As you say, Trek, sub-70p is bargain territory, but if the summer drilling reveals even part of what we expect to be there (and finance is signed), 70p should be a distant memory.
Wow guys some decent holdings there! I know it sounds mad but if I can time GLO exit well then some will be heading here. I think anything sub 70p will do very well in a pretty short time!
The ‘ducks are lining up’ and this is a relatively unknown share. 1% explored and I prefer drills where there are historic mine works!
Good luck
Usual caveats
Trek
"trust" BoD.
The 63,073 @ 46.9915 at 12:31, listed as unknown, was mine. I just couldn't resist as I can only see a downside if permits not issued (won't happen) or finance is dilutive (I theust the BoD on their word). Bought the odd number to make a round number. Now, that really is me done! No buying or selling for a long time.......... Have a great weekend all.
Yep....hope the SP sustains!
I tried to top up 20k....but only normal market size @ close (7,500 @ 47p)........by the way anytime you want a top up you'll always get the 7,500 as a limit order.....! You may get more over the phone...but you'll pay higer fees.
Can't buy anything just now NT only. Could be a good afternoon...;o))
Good find Richyf3,
It’s all part of the US Keynesian infrastructure spending plans. I just wish our govt had a plan but that takes thought and a longer term investment horizon than thinking about the next election!
There is little point in just using interest rates to address inflation when the cause is supply side and infrastructure constraints. That’s what they are addressing in the plan and imo PXC are in the sweet spot in Idaho!
https://www.whitehouse.gov/omb/briefing-room/2022/05/11/fact-sheet-biden-harris-administration-releases-permitting-action-plan-to-accelerate-and-deliver-infrastructure-projects-on-time-on-task-and-on-budget/
Permits and finance will come. More drilling result’s. Mine up and running end of year. Each news point now is potentially a huge SP catalyst up or down! But the odds are looking better all the time!
Usual caveats
Trek
Permit
The White House has released a Permitting Action Plan to strengthen & accelerate permitting processes in the US.
"Responsible and sustainable domestic sourcing of critical minerals and materials will power our clean energy economy."