Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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and down.
Ticked up.
You are correct Dubs, my memory fades year by year, I just went back to the RNS that got me confused but it was a good one with everything in it that we are so close to now, news soon and this SP will be where it should be gla
Ice/Mick, being a pedant by nature just to remind the MOUs are for Perlite with couple of Perlite expanders (details unknown) but of course your are correct that our Pozz is very much needed by the big Cement Companies to meet CO2 targets...
All the best to you...
Not forgetting we have 2 mou’s from what seems like 29yrs ago with 2 large cement companies, the pressure is on for them to go green, and we have 30yrs worth of what they want
All we can do is wait, and see what transpires. Whatever comes out must be value enhancing, and give some indication as to the monetisation of our assets. We are sitting on some cracking assets just in the Pozz and perlite, and I for one can’t believe the market puts such little value on them. I am hoovering them up, as I think the market is wrong. The downside risk is minimal, down to impatience, and the upside potential is fantasy stuff. The good thing is that we don’t have long to wait for an RNS that has the potential to be transformational. Good luck everyone, it’s an exciting time to be an investor.
Personally I would expect the framework of a deal to have already been set out and the results of the trials etc are being awaited in order to confirm it.
You don't get to the point where you have identified a method of mining, have conducted due diligence visits etc without having already agreed a deal in principle.
Not to say that there still arent I's to dot and all that but you don't do this much work on either side unless you have agreed the bones of a deal in principle.
Hi Dubs
I agree that the next few weeks could prove significant.
As I mentioned on Friday, the company can’t know what the CRMC’s intentions are and are currently pursuing the belief that they are moving closer to an off-take agreement, although I couldn’t hazard a guess as to when the trials will be complete.
I think it’s likely that PC will announce when the trials have concluded and inform the market of their level of success, but he’s then in the hands of the CRMC as to what happens next.
The CRMC is the only participant who knows whether off-take negotiations or an offer for the CS Project is in the offing. If the former, I don’t see any reason why SRES wouldn’t announce that contract negotiations are continuing. If the latter, I would expect the CRMC to remain coy about its real intentions, due to Stock Market rules, until it has its ducks lined up. SRES can’t currently know if an offer is coming otherwise they would have to inform the market, which would also alert any other suitors. These things are always cloak and dagger until the very last moment. So any offer being considered will be known only by bidding company board members and possibly a small number of close advisers.
The significance of recent news that the CRMC’s mining manager visited the CS Project shouldn’t be underestimated, either way, nor the past experience of our recently appointed non-executive director.
There’s also the possibility, in the next few weeks, of Perlite announcements on the horizon following the reference in a recent RNS that the backlog in demand at Perlite producers now seems to have eased allowing them to properly test samples and develop a response.
In terms of sequence, the most likely imminent news is the Baker’s assay results, which could well drop in the next few days.
totty, back on the original thread title.
Thanks for replying.
Sorry I should have framed my question better.
I think it is likely that the CRMC will complete the testing soon and we all expect them to want the product as we independently verified it meets all the required standards.
Assuming they do then are they all ready to go with a deal or might contractual negotiations be ongoing for some time longer?!
I am hypothetically asking would we prefer radio silence for a longer period until any deal is announced or would be prefer an earlier / interim statement saying testing done, they like the product and talks are continuing.
I guess my preference is to have an interim statement sooner rather than waiting longer for a 'done deal'. I personally don't expect the CRMC to be named until the signature is on any deal.
Either way GLA for next week with your investments..
Hoping we get some news this week.
Will be 6 weeks on Fridays since Bakers assays RNS so can’t be far away there.
Heading for 5 weeks I believe since successful Pozz grind RNS.
Actually assuming the trials go well wonder how Patrick will play things.
We could get nothing until news of any deal is signed and sealed or we might be told the CRMC completed and that we are negotiating with them.
What do fellow investors think / prefer?