Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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What happens when FOMO kicks in and people scramble to buy back the stock they sold...maybe at higher prices...
You're right...currently unchanged at 15.18 equivalent...
Obviously North Americans are more sanguine about this results non-event...
Just a little banta jezzoo, some of the time I'm having a laugh when I post.. unless I'm buying or selling then it's strictly business.
Not according to the TSX site. It opened down 4% but seems to have recovered. Not that it's particularly relevant in the scheme of things.
Its down 4.35% at 14.52 equivalent...
Well done Ray, I didn't know you actually get kicked off a board on here !
Keep in mind...
FTSE100 2.3%
FTSE250 down 3.8%, but...
Industrial Metals vrtually unchanged, with BHP down 1%...
I'm sure some of you will have seen it, but on TSX our share price is currently unmoved. 14% here, zip there.
Guys I've been kicked off the poly board so I hope you all be nice with me here.... Still holding over there though. :)
Sorry addickt, I was on the golf course...luckily...havn't read what is probably over 100 fearful posts...
As before, no contact with Ingo...I believe he's still on 'gardening leave'...
RK you probably missed it, but earlier on today I asked if you'd had any recent contact with IH?
Exactly pad, but in the continuing absence of good news, people are trying on their worst fears...
It is beyond belief that people are still talking about potential insolvency.
But the company needs to come out with some good news...any news...F*****g soon...
Instead Darryl seems content to bore people rigid with his drawl and no additional information or Q&A session...
I'd like your explanation why they wouldn't as you made the statement...
I repeat...its the resource they're buying, not the company...
There is a massive impending copper shortfall and gold is widely expected to boom in price once a bottom is in...this may already have happened...
Of course FNV may want better terms, but there is now competition from Boliden and Jiangxi, as well as potentially from Wheaton and Yamana...
All they need to do is set the interest rate for repayment higher than the previous 12%...
AIMO as usual...
Actually I hadn't noticed that the MD&A has been published as well...
Highlights include:
The only drilling in Q4 was Tandy and Moran
Rio Amarillo: "No significant assay results have been received to date. In late January 2022, all drilling activities were suspended pending a review of results and follow-up fieldwork at both the Varela and Paloma targets"
"Extensive and systematic geological and geochemical field programmes are continuing at Helipuerto with an initial focus on the delineation of the size and tenor of the Tinkimints copper prospect including mapping and sampling of the area directly south of Solaris’s Warintza copper-gold porphyry discovery that abuts SolGold’s Helipuerto concessions"
Cisne Loja: "Extensive and systematic geological and geochemical field programmes continued at the Celen target."
"Exploration activity will continue at the Company’s priority projects during the next financial year. Extensive and systematic geological and geochemical field programmes are underway and priority drill targets are expected to be ranked and drill ready. The Company will also continue the process to identify potential JV/earn-in partners over select 100%-owned early- stage exploration projects."
"The Directors and Management are in regular touch with equity investors and actively participate in investor conferences and other forms of investor engagements as there is a need to secure further funding to meet their exploration and working capital commitments."
Hopefully all the ducks , are lining up.
And 40p will be back soon.
Now let's bring on the 3rd RNS with funding news.
It's amazing what another week, maybe bring..
RK1- i don't need your explanation of what one is. I'd like your view on why the terms would be the same as the earlier deal with FNV.
LM, yes, I assumed you were and I wasn't trying to teach Grandma to suck eggs!
PWC did include a "material uncertainty" observation, which is a partial qualification, but they did not go the whole way and have signed off on the comments made by DC. Under normal circumstances a company would have to be able to provide some evidence that there's a realistic prospect of funds becoming available...a letter of intent, or something similar. Of course, we also have a successful track record of raising money and that's important.
The failure to raise money has proved to be disastrous and DC needs to be quizzed as to why he went down a route that ended in failure and appears to have done so without a plan B. Just as an FYI, exactly the same thing happened at BCN.
ColonelRedK
Lots of unnecessary scaremongering IMHO.
Last year’s audited results stated the following:
“These factors [listed in the report] indicate the existence of material uncertainties which may cast significant doubt on the Group's and Company's ability to continue as a going concern.”
Absolutely right Lunch.
FNV or anyone is 'buying' the future resource...in this case gold as well as copper...
Their only concern would be whether the company can survive, but the deal ensures that survival at zero cost to dilution...
Have to admit without saying his name, he called you spot on red, I didn't believe him at first...
Firstly Bozi, we're talking about a NSR...Net Streaming Royalty deal...
Heres why they are so attractive to Franco Nevada:
https://www.franco-nevada.com/our-assets/terms-explained/default.aspx
BTW FNV assumed a $3.50 copper price for its recent deals...
Boliden even does earn in deals...
https://www.mining-journal.com/m-amp-a/news/1388758/boliden-to-earn-into-boreal-project-in-norway
Jiangxi buys deals as well...
https://www.chinadaily.com.cn/a/201912/11/WS5df05035a310cf3e3557d5d3.html
LM, "going concern" is an accounting term and is not in the same category as the others you mention.
In theory, to get a clean Going Concern statement from the accountants a company has to prove that it's predictions for the next 12 months are viable and that it will have sufficient cash to cover all obligations as they fall due. The discussion that takes place between management and the auditors around this issue are exhaustive and subject to a great deal of scrutiny.(once upon a time you could pull the wool over their eyes and they'd accept whatever you told them. Life has moved on since then)
The above explains my comments today. We do not have sufficient resources for the next 12 months, but very clearly the board has managed to persuade PWC that we will find them. Given that we only have three months of cash left, our argument must have been very compelling and PWC have gone along with it subject to the heavy caveating in the statement.
For one thing, the current share price of a company has limited correlation with the economics of a streaming or royalty deal. Being structured products that come in all kinds of styles and relate mostly to the future delivery form a mining company or one that requires the initial development like SOLG, they are more about the project, the resource, the location and related geo-politics, the management team and its ability to deliver.
At least that is my understanding, don't shoot me.
Where your buys red, no point in bragging without backing it up?