Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Novice - how very dare you! that's my employers you're dissing :)
You know Barrick has always been my favourite, but BHP could give them a hard run having missed out on Noront...
Mark Bristol:
"We have put a particularly strong focus on exploration in Latin America..."
"Barrick’s strong balance sheet and the abundant free cash flow generated by our operations will enable us to continue building our future by investing in the development of the many growth prospects within the group as well as the acquisition of the rare external opportunities that may meet our criteria."
"the new gold major appears to be completing a full circle under the leadership of Mark Bristow by increasingly prioritizing value-adding grass-roots exploration and development, he tells The Northern Miner.
After kicking off a period of top-tier gold-industry consolidation, the company has been focusing on “right-sizing” the portfolio, focusing only on Tier 1 and Tier 2 assets...."
"Mark Bristow, the CEO of one of the biggest gold producers in the world, Barrick Gold , says that his company is looking to expand its copper business.
“Copper is the most strategic metal,” Bristow told Barron’s. “Gold of course is precious.”
Knowing our luck Abbey National lolzzz
Novicehunter:
I hope it isn't Lloyds
Spot on Red …… everyone knows a bid is coming . We just don’t know who will move first or when.
FOMO
Here they come from over the hills, I can hear the hooves thundering
Steady institutional buying post PFS now everyone is back at their desks...?
A bid...?
Rio drill results.
My contact has pointed me in the direction of the company's stated commitments, which I was able to find in the last MD&A
While Cash on hand was $58,405,359, Total net working capital was $63,672,827
H2 Capex for Cascabel is $24.56m
H2 Capex for Regionals is $11.88m
Licence commitments for the FCY 2022 are $6,366,389 so lets say $3.183 for H2 2022 (to June)
Admin costs for H1 2022 were $8.724. Financing costs net of Finance and other income were $6m
So...putting it all together, total cash outflows this HY can be estimated as:
$24.56 + 11.88 +3.18 +8.72 + 6.00 = $54.34
Which seems to leave Net working capital at June 30 as c$10m...
So in conclusion there is no need for a cash raise imminently but it would be prudent to do so before 30 June by which time the SP should be significantly higher.
"I reckon the market finds it hard to predict when a bid might come."
That statement augments Darryl's saying "we're open to it..."
Onwards and upwards...
one day it may actually be true, & that'll be the month he doesn't post!
He has previously said that his contact is a GAM at Hannam...
He comes on here once a month or so claiming his ‘contact’ says a bid is incoming....
Sounds like a load of ShihTzu to me
Monte - Are you sure he said 'Barrick', & not something that sounded similar :)
I spoke to a man with a dog,down the pub. He said its definitely Barrick.
source fruitbat? Sounds like bs
The cavalry across the pond will be with us soon, watch it jump
Red they got the money imho
Ooh fruitbat bid of 60p plus conseccions sounds like first bid coming
Presumably randgold...?
65p bid for alpala. Rio and randy with concessions inbound
Tks all the same J. Maria...............