Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Prop, until we get something definitive from the BoD it is difficult to do a company valuation based on future earnings. SP Angel produced a valuation a while back that suggested LCCM had a (base) value of £14.1m (1p) to (upside) £17.6m (1.3p). What we can say with a high degree of certainty is that IF we can successfully bring LCCM into full production the asset WILL be worth more than our current share price ON ITS OWN!
• Our estimate of the value of Leigh Creek is based on production of 2,400tpa of copper cement which, at a copper price of US$6,275/t and assuming that in this impure form the production can be sold at 85% of the value of the contained metal generates revenues of approximately US$4.5mpa. At this stage, given the relatively straightforward processing envisaged we assume that Leigh Creek will be able to achieve operating margins of 50%.
Forgot the '?'
DVH, As you come from a financial background, what would be your estimate of this company's worth if it hit $6m profit from LC.
Confirmation that LCCM is progressing as expected/planned with (full) production early next year would be a massive boost to the share price imo. Our mcap would look tiny when set against annual profits of $6m IF that is what we are able to achieve!
DVH, My investment-case in this company now excludes the $4m from the major client - and no longer transacting with them; if a settlement transpires, then a bonus. I'm hoping - along with others, of course - that LC progresses in the manner that we have been led to believe.
I caught up a long time ago, Fira - it's just that you have your thick ear-muffs on to keep in the negativity.
Extract from the Placing RNS on 25 June 2019. I'm not sure we are still aiming for Q1 2020 production? Also note, still hoping to get the $4m. Nearly 3 months later.....
'The proceeds of the Placing are primarily intended to partially fund the settlement of the CRL transaction, which the Company intends settling on 27 June, albeit with alternate funding arrangements currently being finalised.
Placing proceeds will also be used to provide working capital for the Leigh Creek Copper Mine project, which is expected to deliver significant cashflow following the full restart of production, expected in the first quarter of 2020.
Management still considers that payment of US$4,065,000, owed to the Company by the major Cobre client, is imminent and could be received at any time.'
Morning Fira, seems to me that the BoD are struggling to find palatable solutions to our shortage of cash and the need to keep moving the company forward with its 2 key projects (LCCM & Redmoor). The strategic review was due to be completed by mid August and still we have radio silence. Lets just hope that Leigh Creek hasn't encountered unexpected problems, especially after spending $922k on this asset in Q2!
Ebygum, Hardly a ramper clique - each ‘ramping’ poster posits both positively and negatively
DVH: We were NOT all making money from a health SP, only those who sold out. The ones who remained thought that there were decent prospects and could trust the BOD, clearly we were let down. No matter how hard the Ramper clique shout the prospects no longer appear to be decent and the BOD have lost trust. The inaction of the BOD would suggest that all is well when it is obvious to anyone that it is not.
Slurm, Because after all the repetitive, woe-is-me, doom-laden monologues, the denouement inevitably reveals the cliched takeover.
colline, no one was really interested in the BoDs remuneration when we were all making money with a healthy share price and decent prospects on a number of fronts. A bit different now the sp is languishing below 1p and many investors are under water. The 'pain' is not really being shared equally I would suggest...
PS I found it interesting at the AGM that there were very few votes cast (7 million from memory) for each of the motions. Apparently those held in stockbroker accounts are not eligible to be counted. Maybe something we might want to consider for next year as many of us hold more than that figure as individuals
Its astonishing to think that it was only in May that the BOD announced in an RNS that Redmoor had an npv of $94mm on its own. We now have a mkt cap of just $15mm! Maybe the BOD should just seek a buyer for Redmoor and hand the cash back to the shareholders - would be over 5p a share , and still own Cobre and LC..... could do worse (and at the moment they are doing worse.) And they should definitely reduce their absurd remuneration - no one has properly explained why the remueration of the BOD rose from$612k in 2017 to $927k in 2018 - also reported back in May . This is an absurd level, especially given the amount of options issued as well....
We all want an RNS or 2, but why are we discussing this was in relation to takeovers/buy outs....I didn't get why it was being discussed or relevant.
Seems doom is all a lot can bring....
I kind of agree with your remuneration comment, but I am sure JP will be doing what he can to sort the Cobre issue as quickly as possible even if it's just for his share holding.
GL all
Fira is the exemplar practitioner of confirmation bias.
Get a grip Fira. DJRyan is not the star. He just got lucky
Fira, I refuse to descend into the reggie-nellies' echo-chamber: my faith remains unperturbed in a) the BoDs' significant holdings in this company, b) this company's mid- to long-term revenue-generating projects in first-class jurisdictions - the UK, the US, and Australia - (the verdict, however, on the applicability of the preceding description to the former two countries, remains tenuous because of their descent into far-right, law-breaking territory), and c) this company's broadly positive progress - especially when compared with its AIM peers' - over the past few years.
My only gripes are a) the BoD's collective remuneration and b) the purported lack of activity in finding new customers for Cobre.
Fira, 1p is now a pretty optimistic forecast now lol
Only if you can find one for our resident Count Arthur Strong - aka Fira - then, yes, please.
Prop, do you want us to find you a place on the Board...
Slurm, Peeps' want for an RNS - even if it's nothing more than stating:
Hi Guys,
We're still here, working on keeping the company ticking over by, inter alia, continuing payment-discussions with our major Cobre client, and steadily increasing production at Leigh Creek.
All the best,
Hugs,
The SML BoD
I bought another 500k today, it's enough for now but I'm not worried, this is an opportunity even if the road isn't as smooth as we'd like in the coming weeks/months. Value will be revealed I believe
margin calls elswhere affecting a few stocks.....nowt to worry about :-)
Seems to be working lol
Just negative nellies and deramping, playing on the nerves of vulnerable PIs to get in cheaper for a nice trade