Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Personally I do like the use of "significantly" used in the RNS & we all know Spanish Private Investors (a lot closer to the action) are in this @ 0.40 & 0.50 - new plant always requires tuning/fettling so I am optimistic with WRES. Being at this stage of the mining cycle i.e. all new kit & starting production it is an absolute steal & I will top up significantly if EUA works out for me (somewhen!) - I will diarise this post to 1/6/2021 to prove I am right!
Dreamy
I’m a pragmatic person, things have not been good and the SP is currently a pain in the you know what, but, things are more likely to significantly improve than not, I remember MM saying that the ramp up would take at least 9 months, and when you factor in the upgrades and rectifications that he has had to do and the pandemic if we hit full production by the end of the year we will have done ok in my view.
Seawolf
Re - quackers - I couldn’t agree more ;)
quack, quack off then!!!!!
GIT, agreed, we were never going to make any profit in 2019, and so far 2020 has been pretty poor (but out of our hands). It does look considerably better for the second half of 2020 but will depend on results published in July.
GLA
But as always, given its MM, more slippery than an eel that has fallen into bowl of oil, we want a significant increase and not just relative to the last quarter (have image of him saying we have had a significant increase of 100% as compared to q1, translated means we only did 90 for the quarter when we were expecting say 200....
To be honest can see why the sp fell today (albeit a small amount). 7 weeks and we will know what significant means for him....
An operating loss of just under €3 million last year, was less than I was expecting - so, not so bad.
As for the future, it is important that we at least exit the June quarter with a significantly increased level of production, if we do this and hit full production by the end of the year, and if course presuming that tungsten and tin prices remain at profitable levels, we will finally see some rewards.
It would be good to get Regua up and running over the next 6 months as that coupled with full production at la parilla, will give us a really good starting position for 2021