Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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and the French, have just put guarantees in place for one of there steel producers, it's just our educated spineless feck witts, with large bouts of verbal dirorrea coming out there mouths , that can't see past the ends of there noses , that can't back British industry
Wwguk.
There is no money to be returned. In fact SXX has to pay for the guarantee. There would be money to pay if the mine failed after the guarantee was issued. I believe the EU rules forbid government helping individual projects although it doesnt seem to stop the germans.
I thought that the gov rejected the guarantee requests mainly due to the worry on the high possibility that the money could not be returned and therefore become the burden of the tax-payers; rather than due to EU rule. Isn't this the case (both SM and the gov, in my memory, had never mentioned any EU rule as a problem)?
An interesting article, which relates the chance of gov support to Brexit results. Based on what the leaders of labour and conservative said in public, I thought it might be easier to get such support from a labour gov than a conservative gov; however, the author of the article had opposite opinion:
"Brexit - once Brexit is decided upon in terms of the outcome from the general election, then raising funds, particularly from foreign investors, will become a lot easier;
... government refused (in previous requests), partly due to the fact that the guarantee would have drawn scrutiny from the EU, so if the next government is a conservative government and takes the UK out of the EU, then there is much greater likelihood of some kind of tacit assistance from the government. If a Liberal Democrat government (unlikely) or remain coalition government ( - more likely) wins the next election, then it is likely that the UK is staying in the EU, and no tacit support is likely to be forthcoming."