Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
GK / gdshaw
Many thanks for your replies too. It is much appreciated. Having invested as much time as money into this company I at times feel lazy in not having read all of the available info that is out there to the nth degree as I probably should.
I shall do what you suggest GK with intentions over the weekend. I so wish you were correct about it being beer o'clock too, but alas not for me I'm afraid. I'm preparing my mountain bike for a weekend on the hills.
Have a good weekend all serious Sirius holders.
@15LIVES: "Does this mean after this looming $500m raise we have to do this further down the line again?"
Yes, several times. Or at least, that's the intended course of events, and things start to get expensive if it doesn't happen that way.
However, it is important to bear in mind that the initial bond sale unlocks a lot more funding than the $500m raised directly, and by the time another bond sale is needed the mine ought to be at or close to first polyhalite - at which point the risk register should be significantly shorter than it is currently.
Hi Lives.
For co est timing for further bond issue check p16 of AGM Pressy. To see the detail from prospectus within the Sirius-JPM 'Committment letter' do Cntrl F "Securities Demand".
Or better still have a look tomoz, it's beer-O-clock!
HAGW.
GK.
Thanks Myo / Duracell for swift reply.
I'd been under the impression that the forthcoming $500m bond released the RCF over time subject to certain construction targets being met but hadn't realised further down the line we would have to do what you state.
Yes, we either do that or the interest rate for the next $500m will be higher, we will not need it for some time as we will get the CB money out of escrow when we sell the first set of bonds I thing it is about a year and a half away before we issue the second set of bonds, the next bonds will have a lower interest rate as the build nearer production and the risk will have been reduced (all going well)
Thanks Myo downloaded articles and saved for future reference ! Very interesting read/s and excellent links as always.
Thanks for those links Myo
One section I'm struggling with is where it states that we are obliged to issue more bonds each time the RCF balance reaches $500m and use the proceeds of those bonds to pay off the RCF balance.
Does this mean after this looming $500m raise we have to do this further down the line again?
I'm certainly no financial expert and it's no doubt my more mechanical brain that is tripping me up when I read that bit.
Good links, I'd urge people to at least click on the Fitch one, it's surprisingly detailed (well for a bond novice like me), and worthy of discussing.
At least we've now answered the question "two B or not 2 B's? "
Taxi for slurmz please.
would be Myo .A man on a flying horse will tell you be hovering this price for a while