Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
BBG, you are a plonker! However, the question is would he benefit more by allowing DGR to default?
He would if he ends up getting the DGR assets in the event of a default.
Agreed Add, I was perplexed to read that he wanted a sale given his previous objective for us to become a producer. Something definitely caused him to have changed direction so suddenly. That said, we as shareholders need to be extremely vigilant so that we are not sold down the river by self loans which are designed to fail and thereby transfer the assets to the lender at our expense.
Mather betting the farm that he will have sufficient cash before November to repay Armour loan...
I wonder why he is so confident???? Imminent corp event here?
He badly needs to get his hands on some liquidity, but this has been the case with DGR for some time. I wonder if this is at the root of his obvious change of mind about our future direction? One moment he was supporting DC with plans to take us to production, the next minute he wasn't.
That's a real shame needy, and yet you're a real glutton for punishment here buddy...
Incidentally, totally agree with you Add re the machinations at DGR. I am thinking that NM must expect a payday soon for him to have made such a move. I would think that his relationship with Choice should be examined by DGR shareholders. When it comes to money, trust is a rare commodity.
I have expected a reader to ask not long to go for what because I used the word before in that sentence. But I hold up my hands for not being more clear. It was late in the night.
Working from home today.
Eloro, well, no, I didn't mis-read it, but you've now provided clarification. Thanks.
Add, you miss-read what I am saying. Hopefully not long to go before we run out of money....I am saying, hopefully not long to go before we are sold before we run out of money. I am not a turkey voting for Xmas. My fault , I should stated specifically what I was thinking more clearly, without ambiguity.
One other thing worth noting. Choice obviously believe the DGR holding here is worth something and, given this is DGR's most important asset, there would have been a lot of discussion around our situation and just how liquid their holding actually is (not very) Wouldn't we all love to know what he told them?
Mather is obviously confident Armour has some value and has devised an ingenious scheme to gain control of the company, but I'm glad I'm not a shareholder in DGR.
Under normal circumstances you'd think this is of no relevance to us, but he appears to have pledged our shares as security, which Choice Investments (owned by the Mass Group, a construction company) would end up owning in November if things go wrong. (Clearly, no agreement exists between us and DGR which prevents them using our shares in this way, although Mather's personal holding may have that restriction).
Mather has a lot at stake and is betting on being able to salvage Armour and simultaneously achieving value here. If his plan goes wrong and we're still an independent company, come November we'll have an added instability to our shareholder base.
Eloro; 'Hopefully, not long to go before we run out of money'. So you actively want people to lose their money, do you? If you're so intent on losing your money, why not sell now and save yourself more angst?
1984, I am exasperated by the corporate shenanigans and would love to see an end to the SR and the current uncertainty.
Folks are focused on our copper, but with the price of gold, and solg having 23m oz, this asset might become more attractive than the copper. China is buying gold at an accelerated level. Hopefully, not long to go before we run out of money.
DGR is clearly in the grasps of death finance and won’t last long. It’s a warning shot; as we’re in the same boat if we can’t stop all expenditure and ride it out
But DGR has a healthy position here so who takes them out might be interesting
Definitely looks dodgy NAL.
However, given that NM now has all of his hopes and dreams tied up with solg, one got to figure that he needs it to come good so that he can walk away with all of DGR's former assets. I think we at solg only need to start worrying when we borrow money from NM instead of a raise or selling the Cornerstone shares. Hence, NM needs a monetization event here. I don't think the Chinese will mind dealing with NM. One thing for sure, Warren isn't happy watching his heavily involved position getting hammered to become an actively interested position.
Eloro.
That's what made me smile at novices hoping I lose a fortune on solg.
I have lost a small fortune on dgr. I brought @ 9c.
And mather has royally shafted me ever since.
And while he's still pulling the strings behind the scenes at solg. Nothing will happen.
Believe me, many, many ceo will never deal with a company he's involved in.
I am always weary when a person starts loaning money to themselves. Not a good sign. GR of PREM did that. The end result is that that person doesn't lose because they end up owning the asset when a default occurs, but the shareholders of the company who borrowed the money gets wiped out. Hence, NM is Armour, and NM is DGR. DGR assets gets passed to Armour in case of a default, and the DGR guys gets wiped out. The only winner is NM who gets DGR's assets at the expense of DGR's shareholders. Not good.
Novice, FYI, I have lost far more money on bad choices over the years, than I care to remember.
I have also made modest amounts over the years.
As I've said many times, I only invest in exploration companies.
So I am fully aware of the risks.
What marks me apart from others on here.
I do not have to constantly make up more and more ridiculous stories to try to impress others
Neither do I have to daily spout, that I know what's going on behind the scenes, or that I have fictional contacts.
Also, try to remember I brought at 3.5p, so although I'm disappointed I never hit the big time.
I've lost nothing yet.
The primary purpose of the Choice facility is to enable DGR to provide funds which DGR has offered to make available by way of loan to the Receivers and/or Administrators of Armour Energy Ltd for the purposes of financing the ongoing trading and operations during the receivership and/or administration of Armour Energy and its subsidiaries.
KEY TERMS OF THE CHOICE FACILITY:
▪ The interest rate is 20% per annum which will be capitalised and payable on the maturity date.
▪ The loan is repayable on 30 November 2024. DGR may repay at the earliest on 14 February 2024 upon payment of an early repayment fee of 50% of the interest attributable to the remaining term.
▪ The loan is secured against DGR assets.
A little detail here is they have used dgrs holdings as collateral against the loans..
there are a lot of very ****ed off people on he dgr boards after they have taken out extremely expensive loans to finance the purchase of what’s left of armour after its collapse into administration….
a little detail here is he has used dgrs holdings as collateral against the loans..
dgr stand to lose all 16million dollars of their unsecured loans they owned to armour… which bizarrely mather oversaw as he was a director of both…
no wonder mather wanted to stop spending more money on drilling cascabel and get it monetised.. solg shares are about all dgr has these days..
It would be a pleasure tiny now get off to your bed
I’ve got far more important people to deal with you irrelevant individual who has nothing better to do than wait and watch for my every post 👀
I'll try and explain my pointless post to you skint - if needy lost his investment here then by extension you lose your alleged investment - so where is the satisfaction in that for you?
Like who skint? barring you who has no investment here.
Genuine holders here would love needy to lose all there investment here massive.
What’s your next pointless post buddy ?
Good point well made there imv !