Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think it would be unwiser to give BSC oxygen and credibility Woody...
It was unwise and unprofessional in October 2021, so please not now.
RK, very interesting observation about the failed fund raising. Is it the case that the company was trying to raise money whilst by-passing the existing shareholders?
The de-ramping is not working Red.
Why are PIs buying now rather than waiting for the cash raise and aftermath...?
Do you mean Fortescue or AA...?
;-)
Solgold must surely have to RNS a response re BSC's open letter in the coming days/weeks. Will be interesting to see what they say.
RK, my reference to those two companies is that one had a bid battle and the other was rescued by a less than generous bid by a major. I think I know which one is coming for Solgold.
So Fort, a burn rate of $5million per month. This is turning into an expensive hobby.
Well we certainly have an active market of two way buying by small investors today...
Lets see what tomorrow brings...
I bought First Tin yesterday Bob...worth researching...tin is even more precious than copper...it is a critical element in the solder that is used in every electronic device and if you think there is a dearth if copper just look at the numbers on tin.
I've also bought on the strength of Ingo having joined as a NED just before the IPO.
Or he disagreed with what turned out to be a failed fundraising with an untried source...
I left my plc because the CEO disagreed with my exhortation that we should sell all our commercial assets. The Board took his side and I had to exercise all my options and sell the total shareholding...
2 years later the company was bust...luckily that won't happen here...
Ingo was recruited to fund Alpala; as CFO he became the lead on institutional investor engagement/investment and City relations. He travelled for months on 'roadshows' and deserves our thanks. Instead looks like he and Lisa got short shrift.
C'mon Jerry
Sirius was an overhyped hole in the ground that lost many people round here their entire pensions. It needed AA to pick it up for a song to make it happen.
Noront was a small compared to what we have here. It started at £70m MCap and exited at £230m
First Tin got their Aussie lands from Aus Tin , a daughter company of DGR global. Nicks baby is DGR and he has milked that one like a cow. Look at the price of ANW also, it’s been rapped. But Ingos has been looked after by Nick. Mates rates and deals being done. Nick comes out on top and small shareholders get the finger.
Fort - stop the Monday Morning Quarterbacking. ...... So gauche
I like the phrase may involve....strategic investors. When the elephants are fighting, the wise men keep quiet.
Afternoon all
Sad day for the Lundin family with the passing of Lucas Lundin always appeared to be gentleman in his interviews.
Pinot
kat2008, yes but there was plenty of time to manage POG risk before all the big sanctions got slapped on it. Just highlighting that your ability to assess situations is a little rough around the edges so pardon me if I decline to listen to your wayward rants on SOLG.
Fort - Having my EU-based trading account suspended for POG is not something ' you see coming '.
Somewhat unprecedented, just like the Russian Central Bank having its international funds seized, and basically an act of piracy, no ?
And there's allot of pi traders doing a good impression of disappointed long term holders lol! Goodness me, never read such over dramatic stuff.
Ermmm guys... you knew a fund raise was required and today's RNS tells you exactly that. What you don't know is whether it comes from equity raise or strategic deals or royalty packages.
It's as you were but as BSC says... many are tired and best result for all is to just get it sold. Of course SOLG's repost is that they plan to spend a portion of any raised funds on delivering another $1bln+ value to ENSA. That's fair enough and would add to the final price but the reality is, the rest of the folio is going for free and that's a disappointment.
Chicken and egg stuff as need some cash to get that updated and bolstered PFS sorted. That then delivers shareholders best price for asset or best JV deal potential or best finance discussions.
Nothing has changed from yesterday. Nothing at all. Cash pile still $26m which is more than enough to see through at least 3 months. Burn over last 2 to 3 months looks about $5m per month.
Oh and BTW you've only been on this Board since 6th June, so how come you're suddenly the expert compared some people who've been here for up to 7 years and some who have been posting for 12 years on LSE...?
It's apparent by the reaction to the RNS that speculation is better for the SP than information.
Fortissimo I ask again why you have to be so rude rather than advancing constructive reasoning ideally backed by fact, so..
You state:
"They haven't tried to raise capital yet so you're rumour is untrue and unfounded."
Did you not read the Berry Street official statement?
"In our view, the Company’s latest attempt to fund raise unfortunately only demonstrates the Management and the Board’s lack of understanding of 1) their shareholder base and 2) the basic mechanics of capital markets."
So let me be quite specific...they tried to raise capital through a new bank...the issue failed,,,the new bank has gone...Berry Street are unsurprisingly peed off at not being included in that fundraising so they've issued a statement which clarifies how stupid the attempt was.
And I say again...it is very likely that Ingo disagreed with the proposal and they parted ways. He's been on gardening leave for a while now...
Stick with your instincts and knowledge you've built up over the years of this game Sean, it's all there for a reason.. its really hard to make money in this game unless you learn to take the money when it presents it self. By all means keep your longs but have a decent pot to trade it all mounts up.
kat2008, looks like you lost a lot of money on POG. Didn't you see that coming? Things very different here on SOLG. Like I said, I think you need to understand a bit more about the company and past fund raisers and price points.
First Tin - Christ, it never stops. First Tin ( tin been mined since the Romans ) even the name sucks. Usual buzzwords ...... ESG blah blah...... clean. So Boring. Someone will cash out and make out, of course.