Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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BUENOS AIRES: The National Assembly of Ecuador, the country’s unicameral legislature, on Wednesday ratified a free trade agreement with China, reported Sputnik.
“Promoting the expansion and diversification of trade between Ecuador and China, eliminating trade barriers and facilitating the cross-border circulation of goods are the goals of the free trade agreement approved by the National Assembly,“ the legislature said in a statement.
The agreement includes over 800 agreed exemptions to protect Ecuadorian industry. The agreement is expected to create more than 50,000 jobs and cover 71 per cent of the country’s exports to China by small businesses.
Following the approval by the country’s Parliament, the Association of Banana Exporters of Ecuador said on X, formerly Twitter, that the agreement would allow a 50 per cent increase in banana exports to China in the next five years.
China and Ecuador signed the free trade agreement in May 2023 after more than a year of work on the document.–Bernama-Sputnik
It doesn't state early in the first part of Q1. It states early Q1 in 2024. I read that as it's early in 2024 and will be in Q1. Therefore, I don't expect it until the end of March.
Cash balance as of Sept 30th 2023 was $22.9m based on last MD&A. They were running at a burn rate of about $3m to $4m in that Q. Previous quarters they were running much higher at $5m+. Over the period following Scott's apparent cash cutting exercise, SOLG have burned through over $70m in cash and did that doing ZERO exploration.
So if you assume they have burned around $3m ish per month in Q4, then Dec 31st cash balance should be around $13m $15m level.
Throw in Jan and current cash balance likely around $12m to $14m range.
The auditors usually sign off accounts befoee end of March 31st, and I can't see how SOLG can get teh thumbs up on a going concern basis with just $10m in cash left (or lower by end of March).
Don't worry though, Bob and his mates will come to the rescue and take 157m shares at 8p raising $15m, and give SOLG a life line to DEC 31st 2024. Very nice of him.
The screw is turning in so many ways on the CGP boys as they continue to underperform previous management and under deliver. Where's the fecking strategic review results?
I hate it when they try to 'decimate personally transportation'.
ByronBayGold, according to Scott and the SOLG board, they have told you it will be ready in EARLY Q1.
You need to learn to read simple RNS's and stop trying to invent things based on your rather loose understanding of timelines involved.
Agree Tesla, fossils are far cheaper that’s why the rest of the world are pressing on using them. Cheap energy = prosperity
It’s also the reason we are shooting ourselves in the foot by making a nation poor and miserable when chinas emissions grow by the equivalent of a U.K. every single year.
One theory is the push for electrification on the motor industry is a deliberate move to decimate personally transportation (and not for for the good of the planet)
He sounds a lot more rational than you.
Fort has done some pretty hardcore ramping in the past but at least they have re-evaluated the situation, u like yourself, and is actually asking tough questions and taking responsibility for where Solg are today, you on the other hand probably don’t have that luxury but have no choice to post fantasy theories along with delusional comments.
If anyone needs to sell up and move on it’s you…..
I didn’t think this was possible but you have overtaken red knight as the biggest 🤡 on this board…….
“Strongest position ever”…..lol
You do understand what “ we need to raise funds means” in a RNS a few months.
Then when it happens you’ll shrug it off and say it’s all good but you are in so deep you have no other choice……what a muppet you are…….
Ignore the SP volatility, up or down. You'll get a truer reflection of the SP once volume increases, and that will only increase once tangible news is released. Luckily for everyone that's next week. Let's hope its positive!
Mr Magoo...'the market's doesnt think anything..
Theres no meaningful buying or selling. I bought 489k the other day and the price went from 7.10 to 7.92.
The daily volumes are pitiful and totally dominated by Autobots. My buys represented 2p% of the days volume.
We are all waiting...the ignorant are waiting for something...the rest of us are fully invested and waiting for PFS3 and or the first bid.
Cheers
You sound desperate and over your head Fort. Maybe check out for a while or sell and move on.
The PFS update will be circulated when Scott and the Board believe it is ready
Well sais Fort! Could be another shock after a late PFS - no forward plan, LOL!!!!! Shucks for sh-te!
So in December, Scott issued an RNS saying 'early Q1' for the PFS. So that bascially meant... Jan 1st to Feb 15th.
Now, out of those 6 weeks... which would you have thought it most likely? Week 1? or Week 4? Nah... it's week 6 of course...
And if it's week 7... well.. that will be poor but not end of the world. If it's week 8, well that's looking a bit shoddy and if week 9... well.. Scott's proven to the market that he is infact exactly as they thought... which is pretty useless at giving guidance of any sort and confidence in him is zero as witnessed by the multi year lows on the sp.
Come on Scott, prove the market wrong. Get the PFS out as promised. Get the strategy review outcome out as long overdue. And get some guidance out on what SOLG are doing after PFS. What's the forward plan?
Wow! Who let that lot out overnight?….and green box one appears to have been busy too!
This board gets worse by the day!
BBG’s increasingly delusional posting seems to be inversely proportional to the SP, judging from the last couple of weeks.
Or perhaps he is just too confused which time zone he is supposed to be posting from…..🤣
Bbg is not losing the plot. It's long gone.
He should start a delusional club on instagram.
They could set up schemes to get some of there lost fortunes back.
Maybe write a book.
" how not to lose your dignity, when all else is gone"
Or maybe.
"how to survive on the street when penny less"
Kat.
You silly Billy, you were shown to be in over your neck. Clinging onto the faintest hope you havnt lost your money. You've shown your gullibility with putin, and now even a muppet like me has ridiculed you.
And are you that dumb, as to not realise if your mate putin is not stopped, your investments will be worthless.
And when you talk of pulling off, your summerising yourself far better than I ever could.
The hardman routine is back! Lovely stuff- classic slug (incel keyboard worrior?)
Thanks for giving me what I needed- a cast iron admission that you were taken in by an age old prank about water engines (because you're thick) and you lied about GDP under Thatcher (because you believed some rubbish on your socials and weren't smart enough to do 5 minutes research before posting it here for all to see).
Thanks again 🥰
Not Solgold but another company receiving its environmental licenses …… gives a great overview of the improving situation in Ecuador and mirrors plenty of what DK has been good enough to tell us
https://www.streetwisereports.com/article/2024/02/07/situation-cooling-for-green-tech-co-in-ecuador.html
What’s crumbling is the strategy to implement it.
They want to de-carbonize the uk but gas is still way cheaper to use than highly efficient heat pumps, how dies that incentivise users to move away from fossil fuels.
Plus the green tax is added to electric not gas…..it’s nuts.
At least the penny has dropped in the times today about getting the welfare bill down rather than letting every Tom, dick and harry in to the UK.
Horse unfortunately has already bolted……..
1984
There has been lots of publicity about labour dropping their £28bn green pledge.
They have done that because it isn’t costed properly and they don’t want to come across as nineties.
Doesn’t mean it has gone away.
De-carbonisation is global, opec is worried, obviously. It’s only a matter of time.
Every car company is pushing forward with electrification
Read my message again carefully. I didn't mention anyone being paid, but maybe people are doing it for themselves.
And the suggestion that a moron like you, NAL, is capable of pulling off a double bluff, or 4D chess, or whatever guff you are claiming, is laughable. Go sit back down in the corner with your Playstation and give us all a break.
Poor BBG really losing the plot these days
Mrprt.
forgot to enter this post from you.
"Once you know the meaning of life is that it is pointless. You can really enjoy it. Retired at 54 off the back of SOLG going up into the 40p,s about 4 years ago. Bought in here recently 11.3p 400k shares. Will sit and wait till they are back above 35 to 40p. Be a nice top up. Best of luck to you all. Mr P"
I think I may post one of your blockbusters daily. and let people make there own mind up about you.
Slug boasts that he is dangerous.
I have to agree, because unintelligent people, who advocate rac.ism, hatred towards women and are climate deniers are dangerous and unintelligent.
From the horse's own mouth, or would that be Donkey.
Mrprt. another of your crackers. this one your even telling us about your top up history.
"Who told you that they were not buying. I been here since 2013 and have top up a few times at these prices"
so mrprt. when I say you are in dream land. it's not me lying and fantasising. it's clearly you.
there are many more posts from you boasting of early retirement and topping up.
but it's 0830 here and 35 degrees already. I'm of to the beach.
oh and Darren, when I say this board is full of attention seekers. I rest my case