Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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He also said that they're not currently looking to raise the 'big number'.
SC: "The big capital number, we believe you could finance this through various pieces.... - we need 1.5bn - that's a lot of money for a company of our size. So I think you're going to get a strategic to take this through to production. Whether we're involved on a royalty basis, or we own a part of it, that's what the future is going to tell us."
Interesting on the royalty piece. What a dream that would be.
Surely you mean 9.26 Talatum...
I just paid 9.40 for a few hundred to test the price...
Through 9.4 like knife in butter
SC: "In the short term we're working on some non-dilutive financing. When I say non-diluting that is not an equity offering. At Cascabel, we're looking to derisk the project to make it more attractive via low cost initiatives, such as getting permits. We do not need to do anymore drilling at Alpala. We don't need anymore ore, we know we have more tonnage, but we have a generational mine now. It's really derisking and strengthening the balance sheet that's number one. We need to get some cash into the treasury, we have some ideas. Non equity. Over the next few weeks or months we'll have some proposals we'll have worked through. "
Eloro, yes, thanks for that.
Add, I think I did an excellent job motivating the SP to new highs 😆
Let's hope that this is finally it!!
Interviewer: "Why are you planning to take it into production versus selling the assets?"
SC: "Well we'll continue to de-risk it, that's a very good question, and by de-risk it I mean getting environmental permits, right of ways etc. We'll continue to de-risk it. And if a strategic initiative comes along as we continue to de-risk the project, a fully permitted and ready to construct project is of much higher value than one that doesn't have the permits. As we continue to de-risk it, I think people will be interested in this project as an opportunity, whether as a joint venture or some other transaction to get involved in this project."
That is not the answer of a man who intends on taking this asset to production!
Sorry 8.26 in my message should be 9.26
Sorry redknight saw 9.40 Got excited and spent a few minutes checking reduction in my loss, went back and dropped to 8.26 ! Hope it at least sticks at 9
Thanks, TI.
9.49 paid...I'm still bid for 400k above the market quote of 9.27/9.36
SM, the fact is we KNOW something has to be announced fairly soon and the difference this time is that it may be something fundamental.
I see the person who manipulates the stock price has started their holiday early 😉
Very strong...SP has barely paused its almost 10% rise since 8.07 today...
Correction...11%...9.24/9.31...
So will it pause at 9.40 or rip through...?
What is extremely heartening is that despite us needing cash fairly soon, there doesn't seem to be any downward pressure on the SP. Quite the opposite in fact.
SM, yup, people reading the runes correctly.
Bid 9.1462 for 400k...next resistance c9.40...
Is something about to break...?
Add - the recent de-risking events, gold reaching ATHs, less political uncertainty, Naboa's pro-mining stance, the crackdown on criminals, SOLG languishing at multi-year lows. There will likely have been many prudent retail investors who after 'fast and smart' died a death sat on the side-lines waiting for a re-entry.
It's a lovely thought, but perhaps this is just a sign of the increased retail interest the broker referred to? But that begs the question, why now? Have people seen the recent news and media speculation and are buying as a result?
Im bid 9.01 for 600k...theres certainly demand here...may pause to refuel but once the guys who've been holding back for a buy in the 7s realise they may miss the boat, we'll be supercharged...
Well we smashed through 9p - best of luck all.
Summut up here
9p paid...