Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Does a JV dilute us by increasing the number of shares, add, or are you referring to the fact we'll be in line for less income from mining cascabel? Because 20% of billions is worth more than 100% of FA, last time I checked...
Q, one other thing: An off-take deal would not provide the up-front capital required for the mine development. At this stage it would merely be a letter of intent to purchase the ore once the mine is producing. I think you're referring to a royalty deal, which is hugely expensive and from memory, has already been ruled out.
Your preferred route of a jv would dilute us to a considerable degree and, to my mind, must be avoided.
Q, as I've just pointed out, selling a stake in ENSA necessarily implies dilution of our shareholding.
I should have added that when they refer to 'any other options' they clearly mean the complete sale of the group or Cascabel alone.
If avoiding dilution is a priority to the company, this is the only way forward that works for us small shareholders.
Good morning addicknt.
It's not contradictory at all.
No more fund raising through dilution to advance Cascabel.
So maybe an offtake or share of ENSA to start construction.
This means no DFS required at this stage.
Interpretation:
1. funding to be used to recommence our regional exploration programme. (our existing funds are to cover existing overheads only)
2. A funding package for the development of Cascabel appears not be under consideration. This contradicts the next point.
3. We will sell a stake in either the plc or ENSA. This must be for Cascabel development. Confusing, ain't it?
4. Point 3 means there will be significant dilution.
5. Given our other assets are pretty worthless at this stage, is the reference to 'other assets' Porv?
Wrong, you’ve muddled me up with someone else old boy!
Still holding
Unfortunately we have all come to expect Solgold deadlines to slip
I thought with your fine principles you would be a man of your word and bu88ered off.
Poor show old bean showing a total lack of class! Don’t think mother will be proud.
Ask your Matron for more/new medication. You need help.
Toodle pip.
"In order to fund the exploration and drilling activities of the Group thereafter (no mention of mine development), the Company is undertaking a strategic review to evaluate a wide range of financing and strategic options to secure funding, including, but not limited to, selling a direct or indirect stake in the Cascabel project, selling other assets of the Company, or any other transaction, which may, or may not, dilute existing shareholders.
The Board expects to recommend its future funding strategy in H1 2023 in connection with the Company's ongoing strategic review'.
No, but I’m sure it was all about first mover advantage…. Largest tenement holder…. Lots of ESG… Solg repeating how they are streamlining, making efficiencies… Strategic review underway… it’s going well… going biggly.. everything is so swell.
At this stage presentations are just window dressing to a room full of people that have already heard it all before. Everyone in the mining world is well aware of the Solgold story.
It’s just an exercise in keeping up appearances.
Anyone seen this presentation? Same old story?
Covgaz exactly my point
Oh dear Mrtit. Here we go again.
And you making up stories about retiring at 54, does what to enhance the board.? Yes nothing.
But it does in your small minded way make you feel superior. And you a complete fantasist, think you have the right to judge others.
👋 Bye!
NAL , he said he sent a twit. The twit may never get to meet Mr Musk , so the message may not actually get there.
So not only does sid share tweets with irwin. He know tweets with Elon musk. And 10 of you recommend his post.
Just how desperate are you people. Take the desperation for positive news on solg out of the equation. Think about sid and his posts, then think about some of the other fanciful claims you recommend. Then I suggest you look in a mirror, and ask yourselves, am I really that desperate to have to recommend these clowns. Now q you will be pleased to know. I'm off. Before I go insane
Q. I was and did. But Mrtit decided, as I said I was going, he would have a last silly little dig at me.
Would of been rude not to reply.
You went to the Dark Side tho Sharket, you know the Colonel has a chip on his shoulder for GGP - that said, I sincerely hope his scenario(s) plays out here!
GLA
I believe they call that playing the man not the ball Fort. Why do you care whether I'm invested or not? This BB is for discussion of the company which by and large I stick to. I've been transparent about my position and the reasons why. I hope to buy back in later this year.
Maybe SM is genuine in their concerns, fort? Not every poster here shares your belief that they can alter the SP by posting unsubstantiated rubbish (!). Some post their actual thoughts, neither ramping not trashing. Don't expect you to understand.
Sharketmare
I guess my first thought... is... when will Sharketmare buy back into SOLG after exiting some weeks ago?
Good to see you still showing interest though think you need to be invested to use the word 'we'.
If you had billions, needed tons of copper to build EVs and other copper hungry products and had already a boring company, would you buy and build your own copper mine? I know I would so I sent a twit to Elon and mention Solgold and thecoming bidding war
Just imagine what would happen to the price if one in a million chance he did enter.
NAL I thought you were doing one from this BB.
FO