Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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2025 Highfyigman?!
Yesterday you posted:
"Had a good meeting with him. Little by little he is moving the ball forward with the usual suspects. Hopefully sold by the end of Q1.'"
From that I got the impression that you meant Q1/24, not Q1/25. Please clarify?
I hope 25 was an error!
Still a chance our eastern interest “nips” in before then IMO
Fair point RK, I asked this question in a not so pointed fashion to WI myself. I won't quote his answers verbatim as I've not got time to go back right now, but in essence;
1 The political situation delayed things
2 It's a big build and is a complex engineering task and requires a lot of DD
3 Solg is best placed to close out all remaining land purchase negotiations, permits and the investment protection agreement. A good chunk of this should be boxed off in the next 3 months as per Scott's update last week.
He also thinks Scott's revised mine plan is a good idea, never doubting the asset but let's face it any suitor is going to like the lower initial Capex incremental approach. Basically all this leads him to believe we'll be in good shape in the New Year for some sort of sale by the end of Q1.
There's going to be lots of his conversation with Scott he didn't disclose but ultimately if he thinks a Q1 25 sale looks likely from here and is will to disclose as much to me then that's a good thing in my book. I'm happy to hold and see how this plays out in the NY.
Between now and then us the AGM, a no doubt the exec know a lift I'm the SP will help buy them that pass for another 12 months so will have a few cards to play between now and then.
Have a good afternoon all. C
Fort, I think you included a 0 by accident.
Surely you meant $1bn.
Surprising he found time to post his rubbish on a Sunday morning with a pair of sixty grand golf carts to wash and polish
He also posted this on June 16...
"With Jiangxi Copper Company increasing their shareholdings in SolGold to over 6%, there is even more reason to tune in to Scott Caldwell's update on June 22nd..."
And what did Scott have to say that provided even a ripple of excitement...
We know Warren has skin in the game...
If the majors are all over this and there is a looming copper shortage, why is copper so depressed and why is it taking so long to sell the 2nd best prospect in the world...Bob?...Scott?...Nick?...
You live in dreamland.
Elon had enough red tape dealing with an efficient, organised, stable country like Germany to get a Giga Factory built, why on earth would he want to do the same in a 3rd world country with criminal gangs running everything and something that is best left to the experts and not the armchair experts on here ramping away…………..
Obviously your highly leveraged positions are causing you to hallucinate about a fantasy scenario to get you out of the 💩 ……
6 months ago you were posting that a bidding war would have started by this month, how has that turned out for you?
RAMPERS GONNA RAMP……..
Exciting times ahead Fort,
I only hope that I will live long enough to be part of it. I fear that I will end up like poor old Miss Havisham waiting for the sale of solg at the altar:)
Copper shortage looms and would not surprise me one bit if copper resources were all gobbled up by non mining entities. Like some have said on here before.... What's $10bln to Tesla? What's $10bln to Chinese... what's $10bln to Saudi's. Whoever bags Alpala will not need to worry about copper shortages. If the BRICS do enter the mining industry with large Tier1 mine pruchases, then it could signal a serious demise in likes of BHP and others. They coud end up being service companies... lots of know how but doing the works for someone else. That said... if BHP et al want to reduce risk for shareholders and reduce rising capex, the partner deals with the Saudi's or UAE would make perfect sense. A copper shortage is coming and if SOLG can get a mine plan devised that produces into that initial spike (eg built and exporting withy next 2 to 3 years) then that's going be very attractive. Hence Scott's new PFS plans.
Thank you Monochrome, always enjoy Willem's wholehearted interviews. You should read his book, al lot of history to back up the money rest story he was talking about here.
"if there was a whiff of a deal".We just need Drake to post his Noront stuff again now.
Thanks for the link Monochrome..
This does sound quite intriguing… it did sound like he knew of a specific deal in the making..
However, on the other hand, if he and his peers in the mining investment world, know of any deal in the making that involves Solgold, we would not be seeing such small volumes traded daily, at such a low price… they would be loading up at these prices if there was any hint or whiff of a deal..
Cheers Highflyigman!
Thanks for feeding back re Warren's comments. He certainly has his fingers on solg's pulse for sure. It would be great to see an end to our suffering in 2024.
Don't get me wrong, I believe in cascabel which is why I invested here. We have an asset, unlike others in Zambia for example making noise about tier 1 deposits despite never finding 1 after years of drilling. I am here for the end game, but I do get frustrated by the glacial pace of progress here.
I thought I would put forward nationalisation in response to the debate earlier in the week when abandonment was mentioned.
A sale of what and for how much though Highflyigman?
It's great to suggest sales and shareholder returns but current share price gives context. If Warren is right and the SP continues to edge south then I'd be very worried indeed.
I wouldn't worry about nationalisation Elro, hardly the way to attract much needed foreign investment. Had a few messages back and forth with Warren Irwin over the last few days, he caught up with Scott in Denver. Not a huge amount to write home about but worth sharing....
'Had a good meeting with him. Little by little he is moving the ball forward with the usual suspects. Hopefully sold by the end of Q1.'
By him he means Scott. To be clear the last comment is Warren's, not Scott's. If Warren hopes were sold by the end of Q1 then that gives me confidence things are moving in the right direction behind the scenes.
Cheers all. C
Food for thought Monochrome. Wouldn't it be fantastic if they Saudis were running their slide rule over solg! Anything is possible. They are looking towards a no oil future for sure. Willem is a large solg shareholder. I wonder, is he saying that the Saudis are in South America looking for copper?
Predictive text
Suez Canal
Well said 1984!
I think nationalisation is a bigger danger here than abandonment. It would not be the first time that a country sit back, wait for the hard work to be done by orhers, then turn around and nationalise the asset. Sue canal comes to mind.
Thank you TheItalian. Are you qualified to give financial advice to folks on BBs?
Https://youtu.be/XcGBlTOY7Fo?si=6CjA-ZEQq_bM2gn5. 26 min in. Saudi Arabia to buy copper discovery in south America
And by the way I do believe in the difference between a £1000 punt and a sizable investment, requires a different mindset, risk attitude, commitment and understanding.
Then you should stick to buying Apple and Tesla shares, methink.
Sorry TheItalian, I do not believe in the investment equivalent of my wi-l-ly is bigger than yours, ie my investment is bigger than yours. That is irrelevant. Its enough for all to know that I am invested. I guess I am from the old school who believe that an effective leader get things done an that their achievements reflects positively on his/her company and its SP. I don't believe in waiting for tides. A good leader make events occur, rather than being the victim of events. Tim Cook, Elon Mask are examples of leaders who get things done and the SP of their respective companies reflects their track record of achievements. Attending calls and holding webinars doesn't cut it for me.
Of course I am not ok with the price dropping from 40p to 14p, however I don't analyze companies outside of the macro context and the overall industry dynamics.
If you did the same you might find that particularly after April 2022 exploration and junior mining has been priced down aggressively, the tide has not been in our favour, and in many other juniors' favour for that matter. We reached 40p+ when the tide was higher, and as Warren Buffet said, high tide lifts all boats.
If I may ask, how much have you got invested here? My best guess is that I and others who complain less than you have significant multiples invested and seem to be less stressed out about it.
NAL, why does another poster's post, hunch, bother you so much? What is your counter proposition to Fort's hunch? Instead of being critical of his hunch, please put forward your alternative. Anyone can deride another person's post.
So are you OK with the SP falling from 40p to 13p TheItalian? I am not seeing what Scott is doing which has had a beneficial impact on the SP since he became CEO. Sure, DC caused the fall, but Scott hasn't taken any actions to address it. It would appear that he is comfortable seeing the SP in free falling.