Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Https://www.cityam.com/anglo-american-mulls-bhp-offer-in-possible-mining-mega-deal/
On PXC, I am expecting PFS to drop anyday now, quite possibly next week, quickly followed by the bond finance. Something delayed the finance, real world business is never simple, once we know the reasons, hopefully it makes sense, last few months have been painful!
Copper at $4.51, 2 years back PXC was hovering around 50p at those prices, and now gold is at an ATH. PXC could easily surpass those good old times IF they deliver PFS and Bonds as they have intimated. IMO, with last few RNS's, contact with the BOD, they will deliver soon.
Always DYOR
Likely to be the Washington Hotel in London Paul thinks but waiting for confirmation.
ATB Ducks.
For those that want to know, Paul de Gruchy posted the following on TG last night, in response to being asked.
"It is likely to be on 22nd May but to be confirmed. There won’t be a virtual element but I’m sure there will be plenty of reports back"
He was right.
https://www.youtube.com/watch?v=QUoZK2k58q8
A year ago Copper price was under $9,000 and the price here was 25p. Copper now heading towards $10,000, ($15,000 plus predicted) to keep supply up. Just a thought.
Bond funding enables detailed evaluation of the field - Phoenix have a viable profitable mine right now given finance with less than 5% of the area evaluated.
Can expect rapid and focused development - they have had the time to best plan.
Yes.
Difficult to buy when the shares are limited and volume is high.
My guess is PFS then news on bonds
20p first target
Bargain basement will be an understatement if PFS and Bonds Funding is delivered imminently.
I remember only few months back PXC racing away to 39p, and talks of 80p plus was on the horizon with bond issue about to complete.
Things can move very fast, just takes 1 RNS, everyone knows multiple news now pending, and the big prize on the horizon.
DYOR
Looks like on a charge now. bid increased to 13p. Me smells a bit of bonds.
Lets go!
At long last bid raised to 13p. let's have some traction.
Somebody just bought nearly £13k PXC and at 13.84p!!
My post on ADVFN:-
" well now ......POF(RightOn) here as an inside outsider (LOL) Donald Pond(Paul de Gruchy) 6 tick ups and no trolls responding......bit of price action.....someit's going down guv......lol"
Hope so!
And my post of 19th April 1744hrs I talked patience .....and now the EnglishPatient has returned......it's about to blow....."She canna take any more, Cap'n! She's gonna blow!" Scotty's last mission finally proves him right - Space X rocket carrying his ashes explodes.......watch this space!
GLA
I am afraid there are quite a few people here who talk utter rubbish simply talking up the stock, wittering on about price of copper etc to sucker in people to to pump-up the share price. I think it is just about done now with this one. I don't know if you remember but there is an episode of US Office where all the staff are asked to come up with a way to save the business. One guy suggests buy an old mine and say your going to reopen it they all laugh and that is what I wish I had done with PXC. I often wonder if this is where the PXC got their idea from for this company. This has been a valuable life lesson for me, though, which is buying speculative mining juniors is a like betting on horses. Occasionally a 100 to 1 shot will win the Grand National but if you want to grow your money without facing catastrophic losses then avoid at all costs, there are far safer options and that is where I am now. Good luck all!
Lets hope it rises a little more before we get the update.
After years cheerleading for the board and having full trust in them, you now admit being disappointed in them.
I hope you feel sorry for all the investors who didn't sell due to your over optimistic posts.
Yes it's everyone's individual responsibility, but it doesn't help when people like you, who claim to be an insider, are overly positive with no valid reason.
Goldman's paper called 'copper is the new oil' is one of the most well-read research papers of the decade. The thesis is well known as copper grades are declining and there have been zero new projects approved this decade. In addition, the green transition (plus possibly AI) will require large amounts of copper and there's a setup for a structural deficit that will be very hard to solve without much higher prices.
That most had 2025 or 2026 ciricled as the year that deficit started to bite, in part due to the startup of the QB2 mega-project in Chile late last year. However at the same time, Panama also closed a mine that supplied around 1.7% of global output. That appears to have moved up some timelines, depending on who you ask.
As for Goldman, the same analysts with the 'copper is the new oil' moniker dropped another great line today saying, prices are only in “the foothills of what will be its Everest."
That was in Santiago where the copper world is meeting this week at the annual Cesco Week symposium. Prices are currently at a 22-week high but Goldman sees prices rising more than 50% from here, to $15,000 per ton or about $6.50/lb.
There were certainly differing views with some sticking to forecasts for physical tightness in the second half of the decade. However all six members of the panel of market participants were unanimous that higher prices are coming eventually. You can take that as a sign of a one-sided trade or a sign that no one can find holes in the forecasts.
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.