Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Blue it is. Gotta say it - wouldn't want to be out of this over the weekend :-)
Ooh turning on a few let's see
Will the A trades turn novice to give us a blue finish
Solgold has been keeping things very close to the vest- where are all the drill results-give us something
wow you do have rose coloured glasses
Jerry, are you still long on GGP? And I agree, I sold all of my "sensible" stocks a while back.
Blue finish today guys, then ONWARDS & UPWARDS into next week !!!
FWIW I can think of lots of places where I dont want to put my money but not many where I do. Thats why I have sold down my Solgold position to the point where it wont hurt me too much if we are back in low to mid 20s. As always, love the asset, still dont trust the management and any thought of developing on our own will surely lead to disaster.
I would have thought that the FTSE will hold up better than most indices as the £ will be weak and it has a lot of miners which should still do well, but I still wont be buying that in the 7000s. I havent been in broad markets for ages, so I did miss some of the run up, but enjoying the relative outperformance now.
So where to invest? I am choosing to invest in me and friends and family, having a good time. At my age thats about the best or only thing to do.
Given my reduced exposure to this company I probably wont post much here now. I hope that you all get what you want - which I appreciate is impossible given the diverse (word used properly Q!) views.
you forgot the golden rule of most BBs, and this one is no different.... if you stray from the all is great, rose tinted group think, you will labelled an infestor, a shill, a Market maker, a disrupter etc etc...
Theres nowt so blind as those that cant see.. as my northern dad would always say..
I recall someone saying that Porvenir update was due soon? Where did that timeline or info come from please? Thank you in advance.
No sheet tinyray... and your point being ?
Sound rational thinking mate.
Technically all the US markets are in a bear market now...(Dow, S&P, Russell, Nasdaq)
Nasdaq is down more than 30% from the high..
Bitcoin down c70%...
Gold and silver holding up...copper bouncing along the floor...?
Theres a commodity boom underway and metals are next...
What we need is either a real prospect of Ukraine rrsolution, or real signs of US inflation peaking and then watch the markets spike, but...
There are fundamental structural problems I the US economy, which is why I'm heavily into SOLG and GPM...
But we need a bid for SOLG soon...
AIMO as usual...
Fortissimo, I hope you're right, but fear you are not. That awful plutocrat Jamie Dimon seems to have a pretty good take on things.
Btw, the response to covid was simply yet more printing of money - more petrol on the flames.
The market climate is not great, I think that is obvious and the recent 20% or more drop on the Dow Jones would be enough to have some having kittens. That's a crash in the old days.
Look at the covid bottom on the DOW at 19k. World was ending then. Far worse than anything you can fear or concur up. So not sure why you think market crash is coming. It has already happened. Just a question now of whether the Dow Jones settles on 30k or settles on 25k. An extra 5k drop will hurt many but it's not end of the world stuff is it.
Option expiry day today. Dow could be down 1000pts at some point and then up 600pts. That's how volatile it can be. Next week like still waters , all calm again!
In fact theres now not a single date for Cascabel other than in the chart...its all'year1,2,etc'...
If no news or updates are given before the GM looks like I'll be voting against all resolutions. We can't be kept in the dark with the drilling. One thing solgold is lacking is looking after shareholders, keeping us in the loop and happy.
It's a fair point lunch. So do you think they're being deceitful by ending the GANTT chart in Q4 2025...?
Fortissimo, yes, over-margined traders do have an impact, but my observation is referring to the macro global economy and geo-political situation, neither of which are anything other than calamitous. I struggle to see anything positive about the current environment and believe we are in for a very rough ride.
You correctly refer to the dollar as being over-valued; the fact is we are about to reap the whirlwind caused by the issuing of vast quantities of money over the past decade. It's as if our 'leaders', I use the word advisedly, have no idea of the long term consequences of their actions. A very basic understanding of economics would have helped them. The fact is they thought they'd got away with it. It was an experiment which up until now had just about worked, but reality is now biting them, and the rest of us, in the arse.
Inflation has only one cure - a recession, and that's exactly what we're facing. I pray that we can somehow avoid this, but I'm struggling to see how.
Quady yes I agree they have stated build a mine and take to production they have to put that in writing to the Ecuadorian government as they stated must be in production by then or lose tenament ,yes lose cascabel...the government hold sway on all tenaments quady solgold need a partner or sell it as time is running out so actions need to be taken now not in six months time when they won't be able to do anything imho
addicknt, there was a graph on King World news on the 15th June showing Junk Bonds blowing out with the heading: "Onslaught of Corporate Defaults on the way!" Zombie companies will be slaughtered and I don't think your pessimistic view is unrealistic. Question is, how the deterioration and instability in the markets will affect us here? Financing might be more difficult? Time to a deal(s) is not exactly on our side?
You can benchmark the US markets with SOLG share price. It's very easy to do. For instance, when the DOW was at 25k levels SOLG was at comfortable in the mid 30's. Over margined traders are the main reason for market collapses. It's called a squeeze.
US markets have been over priced for years now compared to FTSE and EU markets. It's well known that the Fed Reserve have actively propped up the US via active buying or cheap money printing. It amazes me how the dollar retains it's value with so many of them now in circulation.
On an historical basis p/e levels are still average and interest rates very low even with recent rises. Those indicators are not a concern and as such a market crash not likely at all. Global markets are not in turmoil as you suggest. Where did you get this info from?
The DOW Jones was over baked at 36k and looks more realistically valued at 30k. Last point for you, today is OPTION EXPIRY day. It's normally very volatile. As is the run up to that day. Add this to the impending Summer trading pattern where volumes are you can see why this expiry is a big one.
This is what happened last month May 20th.
https://www.bloomberg.com/news/articles/2022-05-19/battered-stock-traders-get-ready-for-1-9-trillion-option-expiry
Today is even a bigger event but I think the volatility this week is down to the preparation ahead of today and nothing to do with "market turmoil' or impending crash. It's just the market having an 'option cycle'.
a safe haven stock?
In my opinion we are staring at the prospect of a FTSE which could easily collapse to 5000, or perhaps even less. Not only are the global markets in turmoil, here in the UK we have one of the most economically illiterate governments I can ever recall. They really are startled rabbits in the headlights and are lurching all over the place as they struggle to come up with a coherent strategy. This bodes ill for our near and medium term future. I should add that I don't see any other government who knows what to do, so global markets don't offer that much comfort.
How will our business react?
I don't for one moment believe we are immune, but the fact is in a sense we are fortunate not to be in production already. As we know, our value is wholly predicated on the long term value of copper (the gold is a huge bonus, for which we are accorded little value) and that isn't going away.
Many of us will currently be sitting on a significant profit and the temptation to sell must be great. The problem is, where would you put your money? Everything will get hammered and your profits could evaporate in a trice. Companies which are considered "safe" will also suffer - no one will escape the potential disaster.
Many of us on here are old enough to recall the '70s and '80s and understand what could happen: sadly, our policy makers are not and appear to be utterly clueless.
As I said, we will not be immune - far from it, but with the prospect of a bid lurking, perhaps this is as good a stock to hold as any?
CGP just touched a 2 year low of $3.40CDN...
SOLGs bid was well above that...especially now...
I'm taking it from the GANTT chart lunch. Construction finishes Q4 2025...
Correct DBW that's what I said.
BHP will have to pay full price and we know they won't do that.
Solgold are not moving forward as if going to production, they are moving forward to production.
Oh dear I see Slug is back as SnailTrial. He will be gone soon.
So easy to tell as he is so unintelligent.