Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Plenty of water Preston , good post …
Fira running out of negatives … :))
Need a Leigh Creek local drone operator, daily blog, machines arrive, pads stripped, replenished with new material, piping being laid etc.........or SML do their own blog with progress.
I’m sure they will award themselves a bonus for when the official receiver brings in some Brenda-gate money. AB can buy another Collie for shepherding off some shareholder value. IF they pull fingers out of ****holes and actually deliver on LCM with the SP gains that should have happened and we are re/rated, then a bonus on delivery isn’t a problem. But, I can’t stand getting rewards for failing to deliver.
i do agree that to see copper this year is a huge ask, and many variables, getting the equipment may not be so easy, i can take the odd delay, but not any more bonus payments.
Give it a rest Fira, this is just about as low as its ever been , When your down at the bottom you can only look up.
I only see a few million go sub .4 and the price is irrelevant, to the MM's its about spread and profit, they dont care about price, just about profit on both buys and sells
Bitcoin, LC will happen, one way or another - then a rerate.
Finance.... Fiance would be nice too
I reckon RNS anytime...end of the week maybe.....
Think with a way forward with finance ....double your money from here...
2 year pay back on investment.... call 3 with the contractors being in demand.....
Well a few positive posts and what do you get...a little tick up...
Fiance will arrive and LCCM will end up being one hell of an asset....
110m hole 40 years back ....Copper sulphide.....Nice.. where there is copper....normally gold....
Sml will be rising like a phoenix out of the flames......
GLA
He’s less a shepherd, and more a wolf that ravages and devours all the live’stock’.
Let’s hope that all the cash comes our way. Just worried about AB and his ‘shepherding’ Lol.
I guess for larger companies there is simply not enough to warrant the risk of having your dirty laundry aired in public.
Slurm, Yes, that surprised me, too.
I find it interesting that no creditor has filed a claim as of yet.
This will be wrapped up by EOY, but anything could happen.
Basically the judgment “STAY” is still in place, so that means until it’s removed we still don’t have any claim to Brenda’s assets, so don’t get your hopes up just yet.
The method for seeking to "enforce" an arbitration award under the Federal Act, is to file a motion for confirmation in the appropriate court. That court must grant the motion and enter judgment on the confirmation order.
The “STAY” stops SMG’s court case for enforcement confirmation from proceeding, that is why SMG put in an appeal to have it overturned (which was denied), because without a confirmation order they have no real legal right to Brenda's assets.
The receiver did say:
He has taken note of SMG’s position and will take it under consideration in recommending a claims procedure to the Court at the appropriate time, when the Receivership has marshalled sufficient assets for a meaningful distribution.
Taken from the initial court papers last year:
Since the Fund's inception, Smith raised approximately $105 million from “at least” 40 investors, and investors are still owed “more than” $63 million in principal.
The amount so far retrieved is less than $10 mil.
As Lupi has already stated, the magnetite Brenda bought and collected has basically vanished, but the receiver's view of our claim is interesting, because we still have magnetite that belongs to Brenda as she paid for it, which in law becomes part of her assets.
Quote by receiver:
Upon information and belief, CVI did not actually receive any magnetite for which it failed to pay; rather, it failed to purchase the full amount of magnetite required by the PSA. It is further believed that some of the magnetite paid for by CVI was retained by SMG.
I would say we are in for more than the £100k legal fees.....
The Bod, could not of played it any other way...
A bonus for SML I would say....
2nd August today... Not long for finance news.... All being well....