Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi OfficeManager!
Well, you have a nice day as well.
I get tired of reading about peoples alleged trades whether it be I bought in @ zero pence when the SP rises or I sold @ mega bucks when the SP drops. In my experience those that are posting that dross are seeking reassurance, praise or attention from others , I just keep adding to my filter list and keep my trades to myself .
Hi Prof!
(Sorry - way off-topic!)
I still have a few SLP, but I have reduced. For me, THS has a bigger upside, and - no matter how appealing the investment case for PGMs - there has to be some limit on investment size!
BOD (IMO) are in the process of a significant diamond discovery at Thorny River - another Marsfontein. Market has reacted a bit now, but it is still way undervalued.
What on earth is wrong with selling at 0.55 and buying back at 0.43?!?
I was always going to buy back in. But the ramping on this board over the last few weeks was a clear "sell" signal.
(And you can check this on the THS board, as I posted it there! And, by the way, Tharisa (THS) is a very good buy - platinum group metals miner making huge profits, interims coming up on 27th! There, you get a cross ramp for free!))
Hi Office Manager,
I guess that depends on the individual.
In Tiger's case, given he is an astute investor, my guess would be that he didn't walk away from RMM as he believes in the company long term but thought is had got ahead of itself hence why he sold. He was presumably still watching so that if he was right and it fell back he could buy back in.
What do you reckon?
Best wishes,
Prof
Tiger,
Yes I remember now. I think you had also sold out of SLP but were in BOD. Is that right?
You have been spot on with RMM.
Best wishes,
Prof
Gawd everytime the sp dips we get the " I sold out blah blah " yet they can't walk away and move on why do you suppose that is ;-)
Hi Prof!
To be honest, I sold out a complete of weeks ago here (I think I mentioned this on the THS board). There was way too much euphoria here for my comfort, and I felt the share price had gotten ahead of the clock. This turnaround is credible, but it will take time.
I was very happy to buy back in this morning at such a large discount. I'll probably add more, but I'll let it settle first.
Looks good to me, I took took another small slice at 0.43. Onwards and upwards. Or downwards, if we're talking mines...
Cornish,
Thanks for correcting my loose language. Not being a mining engineer I did not quite know how to phrase it. I also had not understood the mining cycle and how therefore the single production area would cause a significant issue with that.
BTW thanks for everything you post more generally it is incredibly helpful.
Best wishes,
Prof
https://www.youtube.com/watch?v=dNR6r6jm-yk this video is saying time to buy great oppuitity haha boom to the moon we go
Hi Tiger,
I would agree that on balance debt is the most likely. I would hope that with the improving picture terms are likely to be significantly better than in the past. Surely the risk premium required to lend is reducing rapidly.
Are you adding further?
Best wishes,
Prof
Thanks Oiltap.
Couldn't quite get my head round what is going on with cash. Substantial chunk of debt repaid yet virtually no movement in net debt as far as I could see.
Cash generation may be good but if they had it earmarked for expenditure at the previous higher level of generation then it would suggest they might need some more cash. However I would have thought they would have the head room to accommodate that given the recent fund raising. One reading of the RNS is that Q2 will also be below forecast and maybe it is the totality of the H1 shortfall in production and therefore cash that gives rise to the issue.
Thoughts?
Best wishes,
Prof
Pretty much, one point, but its probably a terminology issue - it is one production area not one access point. Its a hangover from last years disaster where development was not in front of mining. The aim for this year needs to be to open 4 production stopes up and then maintain that, that permits mining to interchange between production areas to maintain a consistent head grade and to maintain continual mill feed - mining follows a cycle: - 1. Drill and blast 2. Support 3. Muck & Haul 4. Service. With one production stope, it is not possible to constantly Haul so it limits your production rate.
It looks like the production revenue for the year is going to be around $50 Million, which will still amount to a very good year for a turnaround year.
Good point Pedro. Thanks for highlighting.
Best wishes,
Prof
Hi Prof!
Yes, basically.
Whether the new money required will be debt or equity isn't clear, but the way it is flagged up in the RNS leads me to think that the company is going for debt. (If not, surely place first and explain why later!)
Plenty of good solid progress in the RNS, but Rome wasn't built in a day.
The possibility of a JV for LittleDeer is a welcome new upside.
Only item missing was: The Company has received a number of unsolicited offers of interest in its Little Deer and Whalesback Mines and is actively seeking arrangements that can advance these projects while retaining significant interest. I thought this was a big development and not getting the focus today it should have gotten.
Having gone through the RNS I took away the following:
-production in Q1 was less than expected because of lack of flexibility with the current single access point.
-we are doing work to ensure we have more than one access point.
-we are still confident to get back to previous target production run rate by end of year
-we will not catch up the lost production from Q1 therefore will be below previous lower end of estimate for full year production.
-the above point needs we need more money
-we are looking at options to get that.
-otherwise all going to plan
Do others read it light this?
Best wishes,
Prof