Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Truthfactory, you are right of course, I guess it's just frustration that it has taken so long - as I think like L1onheart, I have probably been in here since about 2010 buying first at 0.94 and so it's a long way to break even, let alone any gain.
Really good news for all the LTH's, especially pleased for you WJ - Wassatt may not have seen it but he knew it would happen! As mentioned by all below, financing shouldn't be a huge obstacle now given a) the commercial purity and b) having twice as much demand as we can supply.
Just for fun, I looked up my first investment in TSTR - it was 500,000 @ 0.081 on April 2nd 2012 and have added many, many times since. So, 7 and 1/2 years later, I think I can wait another 6-12 months for a proper reward! It's coming! GLA.
I like this part. Blow the b...dy doors off.
Expressions of interest from potential customers equal to almost double the annual combined capacity of 20,000 tonnes of antimony metal and antimony trioxide
It is good news, I agree that to us who have sizeable investments it does feel like it is now de-risked. I can remember some RNS a few years ago, one being in Feb 2015 where the share price more than trebled over the course of a couple of days from 0.06 to 0.2+. Out of interest I have just looked up what that RNS was for and it was of course for the original banking facitlity and financing for the roaster. Fingers crossed, if the next RNS now contains favourable financing news then we may rise in a similar fashion!
FE, point accepted re 3 years, but quite a bit was due to re-designing for extra Gold and increased production, my point really was that we anticipated production to start on the appointment of Steven Din in August of last year. But better late than never. I hope that they give us some production figures asap to help push up the SP.
Krispy, as you say plenty to like (at last) though the plant is actually about 3 years late and 3 times over budget....
Hopefully the next update will resolve the financing and that it may also contain some more detailed production and sales news. Would be especially nice if this were to happy at around / just before year end to fit in with the previously mentioned quarterly reporting.
I think that this is an investors share and not a traders, many of us have been here for years and have just held our position knowing this day will come, (albeit 12 months late). Also there will be a small amount of shares for sale due to the Odey holding and us LTH's keeping them safe. I am sure we will start drifting up to pass 60p before too long once the values of sales are revealed. Re-financing will now be no problem, I am advised we (SPMP) will be able to obtain up to 90% of plant costs, that will be in excess of $100m .
I also like this bit of the RNS
"Given the robust market fundamentals for our products including high-grade antimony ingots, antimony trioxide and gold dore together with the planned ramp up of production, SPMP is at a tipping point, which we believe will see shareholders rewarded for their support.”
It might not be the blockbuster news that moves the share price but its monumental in terms of proving the plant and the technology. Financing is of course key and people will want firm numbers but there is enough here for me to take great comfort that it will be forthcoming based on the whole premise behind the concept
This news has taken us back to levels last seen ................. Last month! lol ... Strange that there have not really been any trades today of any decent size. Nothing over 10,000 shares.... It is all about the financing issue... The wait continues.... The rate that this share has fallen, it has a long way to go to get back to recent highs. Disappointment for those who thought this was blockbuster news this morning. Never mind the purity levels, the market is concerned about funding. GLA