Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It's a chemical process at LC. The timescale is variable depending on so many factors. The missing $4 million is certainly not the fault of the SML BoD. Relax trout. Next year Rodders we'll all be ...
Had been doing Fira. They're gone now.
Stockdale,
I am not concerned with the potential delays, jeez, this is an early stage mining company on AIM. I am concerned with those that are saying there won't be any delay and that they will be at full production in Q1 2020, because at the moment, that is unlikely and will lead to disappointment to those that still think so.
So don't try and twist things around, I am the one happy to admit there is likely to be delays getting to full production in Q1 next year, you and others seem the ones frightened about talk of any slippage to timelines on these boards...Read the RNSs and look at the change in information dissemination from the BoD. They will get there, but stop holding a gun to their head and saying "you said Q1, 2020", because as I pointed out earlier they also believed they were about to receive $4m back then, that would have set them up to reach that target. They haven't had the funds since to push on at that rate, so allow for some slippage....
If correct trout you have a reasonable investment in a good company. Mine is similar. You seem to be getting a bit concerned though with the timescales. There are often small delays with these things. Do not fret. It's a good, stable company with a good Bod and god projects. They've just been unlucky with one very poor client.
Trout - General meetings yes, here no
DGR, It wasn't trying to make my opinion more valid than anyone else's, it was an answer to Dillon and hopefully he can see that with a holding like I have, selling up isn't really an option at these levels and that I may have just done a little bit of research on the Company.
However as a point of order, the size of someone's holding does make their opinion more valid when it comes to voting at general meetings, something I have had to do too much of, recently.
Yeah but it doesn't make Trouts opinion any more valid than anyone elses.
There were enough people willing to offer an opinion, whether based on hope, previous RNSes, or a number pulled out of their arse.
Possibly not but it does provide perspective.
Not sure the size of anyones holding is at all relevant
Ah trout, I think you still own more sml shares than me (even counting my 4m 'trading' shares)!
Dillon, I hold roughly 1.5% of the shares in this company and have sold twice in the last 6 months both lots of 500k shares and both to pay for works on an extension for my house. I would have preferred to sell another share but I was involved in stuff that left me 'inside', so I was unable to sell them. My holding here is a strong one and I believe the Company will come good with LC and eventually Redmoor.
Why do I say I would normally think of selling when I see the poll posts, whether it is when will FDA approval come, what price will it be by Christmas or even how manys tons of magnetite have SML sold, they all tend to end up with far more optimistic answers and therefore lead to disappointment when not reached. At the present time the MMs don't need a lot to lower the SP, so why are posters giving them a chance to?
like fishing myself
Tend not to hook myself though
lol
I think trout is just fishing.
Sorry meant incorrect to say.
So Stockdale, you believe it is going to happen after Father Christmas visits and just before the Easter Bunny....
Troutisout,
reading through you post where you state "I would normally sell when seeing these type of polls being posted "
Have you ? Are you that influenced by what is posted here that you would react to panic sale without doing your own due diligence checks to these posts is amazing.
No RNS so people post "guesses and you consider selling based on their imaginative figures for output ?
you sound as if in need of have a lighter outlook in general
The posts listed in this here chat room are just that "CHAT"
.
You may be right trout but it's correct to say we definitely miss Q1.
Q1 2020 different to 2020? Just one is more precise. The later version of just 2020 doesn't discount Q1 2020.
Stockdale,
I am sure someone complimented you for thinking outside the box and yet now you are being myopic. Your earlier post said this, "Your point about LCCM not being in full production in Q1 seems to be based on the lack of recent news. The news we have is from a month or so ago which stated Q1 for full production. "
So the newsquote you referred to was closer to 4 months ago and recent RNSs state just 2020, so the more recent news does state something slightly different. So people that keep re-iterating the older quote are likely to not just be upset but are lining others up to be upset as well.
All I am saying is stop trying to run before you can walk, it is clear there has been a change and they have tried hard to point out the change in finances and in my mind, the delays to the original programme.
Correct Slurm. But not applicable to Cobre predictions eh? Just having a dig.
The poll on Cobre figures has in itself been a good thing for this board, it has provided a conduit for discussion, not sure it's related but no one is arguing on here now.
I fail to see how a poll can put investors off, I think I the whole it's been approached by all positively. We know the figures should be up from last q, but no one knows how much.
My take on LC, a rough cycle of a heap leech is around month to 2 months, this mean that it's only 2 months for the next batch, so if it takes 3-4 runs to get the solutions and processes right we could already be 1 run in.
I would never mention timescales as this can lead to disappointment, but with the right knowhow this could be relatively quick and still be on track. Problem is, not knowing brings in doubt and negativity.
GL all.
No need trout. You've answered your own question. Back in June it probably was. The $4 million had no bearing on the timescale, only on the financing of the 50% of Redmoor for NAE. So no info on any delay to Leigh Creek. Just your assumption through the lack of recent news.
Stockdale, Can you show me the news from a month or so ago that states that please? In fact can you show me that in an RNS after it became clear they were not going to receive the $4m? The last RNS to mention full production restart in Q1 2020 was the placing RNS back in June and that also said the board expected the $4m payment imminently and could be received at any time.
I have more reasons than most here on this BB to want full production, but am happy to wait for it, rather than to try and will it to happen, like some are here.
Or are they just setting it up for the next leg down of their trading?
Too late trout, the sp is sinking...lol
That is always the answer 'it is just a bit of fun', but with a lot of bits of fun, have you thought out the consequences of it for others, I would normally sell when seeing these type of polls being posted as they generally lead to more upset and negativity and I had hoped we had done with that here and were ready to move on.