Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good grief just when you think the most unintelligent poster on here cannot ask a more stupid question, he lowers the bar further.
In case it has escaped Slugs attention.
We raised a large sum of money for a small amount of offtake.
The answer in short is we have a tier one asset that has a value.
Lot's of ways to skin a cat.
And with Mcap now under £300m, how exactly are they going to raise the finance to build a mine?
WI on twitter: https://x.com/ItsWarrenIrwin/status/1638645942701391872?s=20
"Sold over half my SolGold shares in 2017 at 40p plus. My cost was less than 10p, so took multiples of my capital off the table. I bought real estate with the profits that has done well since then. Wish I sold all of my shares, as it has been a nightmare since then."
https://x.com/ItsWarrenIrwin/status/1651391038492413952?s=20
"It is a public company. You can sell anytime. I sold half in 2017 thankfully."
I agree on the faster bit
The market want's the company to go faster and start building.
That much is obvious.
Regarding the upcoming election, what is the thinking about impact on SOLG of whether Noboa or Gonzalez wins? I don't know either of their stances on mining although have read that both are pro-oil. From memory when the previous election happened a couple of years ago the share price shuddered a bit then recovered, I wonder what the impact could be this time, if anything. Any thoughts appreciated.
Its not about what I want, its about what the market wants. Clearly it's rejecting Scott's offerings.
Jezzoo it's true.
Nobody wants to admit it.
Everything our good friend Quady says becomes increasingly ironic as time passes.
"People on here to choosing to ignore it as it doesn't fit their world view." being a good example.
I wonder if we will have a Slugathon this weekend ?
He has communicated on every level.
Here are a few headlines, remember once communicated this stuff takes time.
We are in an open ended strategic review, the purpose of this review is to advance Cascabel.
We are going to start construction of a decline next year, probably to access high grade gold.
We have interested parties in the data room to look at becoming a partner. Read JV.
We are going for a reduced cost to get us to the first stage of production.
The financing will be staged.
What more do you want?
Copperpot was certain that we would have news in October. Maybe the call on the 29th September was the wake, and October is the actual funeral for solg if the SP falls any further.
The slide from 34p has been astonishing . . . and in August I had almost decided to return to SOLG (sic > it was unlikely to fail : how could it!). How wrong and after 12 Mather years could so easily have been a worst-ever investment. Yet many of you have stuck to it for 12 to 14 years.
The communication from Scott has been horrendous, and consistently followed by steep declines in the share price. His performance is indefensible. Surely we are paying the board enough in fees to execute their duty to guide this company with care and diligence, including monitoring executive performance.
In Canada is laughing at us
Good morning KapilD.
We have had loads of communication from the company.
People on here to choosing to ignore it as it doesn't fit their world view.
We just ticked over down 50% last 6 months.
Scott's strategy of closing down all operations, shutting off all communications and removing any time line or expectation for the release of the company's strategy, clearly hasn't paid off. Who'd have thought?
Good job you don't know what toast looks like, being a horse and all that...
Sorry but this looks toast, sorry to holders in at much higher prices and under water....
I sincerely hope you're correct Fort.
Jezzoo, there is a copper shortage coming and if you read across the media you'll find plenty of super majors scratching around for copper projects. So the boom will come. But you don't want to be developing during that boom... you want to be producing. Hence, it is very much in the interests of prospective buyers, SOLG and Ecuador gov that Cascabel is sold/JV'd and producing in 2 or 3 years time minimum and I suspect the early phase (phase 1) high grade low capex approach will tick this box.
Copper and gold both down and the copper "boom" seems as far away as ever. I can't see any potential buyer being in a hurry to get their cheque book out anytime soon. Why bother when SOLG is picking up the tab for keeping this dream alive.
Kapil Dev one of the all time greatest indeed!
I wasn't in solg in 2017. However, I believe that the SP was higher than 17p then. I vaguely remember Warren saying that he sold at 50p.
This is as cheap as it's been in years and well, it just seemed daft not too.
Here's hoping I haven't made a bad choice!
I see Exxon has bid $50bln for Pioneer. That's a big deal. It's interesting as Pioneer's share price nose dived a few days ago and Exxon appears to have made a bid strike upon that weakness. For a deal of that size, it's quite refreshing to see limited insider buying as the opposite was shown in this case.
If BHP chucked in a low ball on SOLG right now at say 30p... I'm not sure Maxit or SOLG have much ammo to defend it. The best they seem to be offering shareholders is the promise of a updated lower capex PFS.
Sometimes the big boys do strike when stocks are at their weakest.
Maybe us retail investors are supposed to think this a lost cause. No big sell off from our big holders as far as I'm aware. More volume the last couple of days but still a tiny fraction of our 3billion shares traded recently. No serious buyers at this level for sure, but no big sellers either. Just a few months ago some very serious players were happy to buy in at 16p and nothing has fundamentally changed other than we are all fundamentally fed up and sick to the back teeth.