Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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C1 cash costs do not include any sustaining capital spend or “offsite” G&A such as corporate expenses (BoD and officer salaries). It is strictly based on cash operating costs like labour, consumables (diesel, power, explosives, etc.), and selling costs (royalties, smelting, transportation).
Once you load in the sustaining capital line items (capital development, equipment leases, exploration) and corporate overheads you’ll quickly eat away at that $1/lb cash margin.
The below was taken from one of the RNS's
To all the long term investors here, Am I missing something??
"When looking at the operating performance, a C1 operating cost in June 2022 of $2.91/lb is starting to show the true potential of this mine. This incorporates all the price increases experienced over the period and we expect this number to continue to reduce. We project our C1 cost at the end of 2022 to be in the range of $2.70-2.80/lb"
Now if RMM produce low ball figure of 550T copper month, this has been more nearer the 600T but less say 550T for arguments sake.
550x2240 (2240lb per Ton) = 1,232,000
Let's say $1 profit per pound for arguments sake.
$1,232,000 profit per month.
Please tell me if I am missing something here.
And it gets better as the price of copper goes up.
Hi Moon,
Is this in real life or in one of your dreams?
Moon,
Will be interesting to hear what you make of it with eyes on the ground.
Have a good visit,
Prof
Am here visiting mine this week
Maybe hedge a bit more
https://www.dailyfx.com/copper-prices
Will this become the new support?
i imagine very soon they will announce another forward sell, this time nearer $3.50. The forward sells eventually will guarantee everyone can get paid (eventually), then the pressure is released.
This week big week will see what next
Ignorant article, the bridge loan became repayable immediately upon default , not 12months plus. Although they did acknowledge that that the balance sheet would not reflect the true situation.
Afternoon all Genuine Investors here.
Just as small correction.
MAD8 - my note was in relation to you asking posters not to respond to the looney tunes, nothing to do with your post being removed. The Looney tunes will of reported your post, they do mine all the time as I have had many removed, they just don't like the true actual FACTS getting out.
sounds like someone doing the usual scare mongering and wanting people to sell "If and when suspention lifted" so they can try to get in here on the cheaper side. Very strange people around this board , more so as there NOT even Invested here
I hope to god its not knowledge or we all going to be doomed.
We all have to remember that everything we read on the Internet is 100% true, we wouldn't want our poster clown to realise this or we wouldn't get our laughs every day reading their embarrassing posts.
I believe everything they write, so much vast knowledge its unreal, please keep posting more and more every day, we could call it the loosers club following.
The desperation now is so visible, how desperate to get back in and can't due to the suspension, its breaking them.
Never mind, you will be able to buy back in at more than your recent bailing out selling price, that's how me make money, right.
Buy high, sell low, yes I am learning from you, I will try this new method and see how I get on as this must be right if I have read it on here.
Apologies MAD8, I see your post got removed, can't help myself :)
Strong sell? You are hilarious. You don’t own any shares so what exactly are you selling duffty?
Reading simply wall street is really not doing your own research.
Monkey ..proper name .
Wow, lost for words.
Don't you think you have answered your own question??
" Inoperable" being the keyword here.
I think there is a huge difference between a vehicle breaking down and being written off, you have obviously not understood the point being made here entirely.
"If I bought a new car and it broke down in the first month, I would not sell it on the basis of worrying that it would break down again."
What if you bought a new car and during that happy first month while you were in the shops a large truck drove into it and was an inoperable write off, would you still drive around in that car or tow it to the scrap dealers?
Thanks Blue
"Lets hope we get tonnage information soon"
Focusing purely on production was one of the things that got us in this mess in the first place.
"Overdue AP was probably no more than $4M"
I suspect its a heck of a lot more than $4m considering they were sitting at $15.5m in payables at the end of Q2. Best case they're just keeping their heads above water and keeping the payables in the same range with a good portion of it being overdue at this point. The cost reduction initiatives likely put a bit of a dent in things but that's a good chunk of payables to burn through on a company maybe doing $4m a month in revenue.
Maybe the 5500 was my calc from the annualised tonnage they were doing and not part of RNS - not got my notes to hand
Lost absolutely nothing here, you only loose if you sell for less than purchased, simple.
This is far from being over, never invest what you are not prepared to loose.
No one is forced to buy or sell, investors only have themselves to blame for their actions, good or bad.
Being bitter about your own transactions is of no interest to absolute strangers, so telling the whole world is beyond me.
Anything written on here can be taken with a pinch of salt, true or false no one knows.
RMM Management have made mistakes, we all know that, but they have acknowledged this and have introduced new measures so in my opinion they have to be given a chance to prove this.
If I bought a new car and it broke down in the first month, I would not sell it on the basis of worrying that it would break down again.
I may hold 10 shares, I may hold 1000 shares, I may hold more, but that's my business and that's the way its going to remain.
Know,
Which RNS shows the 5500 figure, I can only find the below statement
"These factors have had an impact on operations and accordingly, Rambler is revising its production guidance for 2022 to a range of 6,300 to 6,600 tonnes Cu from 7,000 tonnes. "
Will look through them again.
Ill be here to Post DJ - no worries about that - cant see any way it would need 90% dilution though, but could be wrong obviously. Don't come here much because of the nonsense some post
Glad you wont be buying back pal - we wont have to put up with your over positive or over negative relentless number of posts depending whether you are in or looking to get in
Company bringing staff back, is a good sign
Obviously tonnage is down - the last RNS said 5500 annual (rather than 7000)
At some point they will have to confirm the level of savings achieved per month (they said up to $1M)
Overdue AP was probably no more than $4M
People on here saying Rambler has "huge debts" are a joke - their debt is tiny
Copper over 3.80 and rising - on avg more than 50c per lb higher than suspension - and taking hedge for most of the recent tonnage with the 12 mth hedge acting as a "cuff" or floor.
Expect this to reopen around 10p when it opens and quickly rise on buying
GLA