Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Good to see "Blue Chip" Santander becoming involved "bridging" the Grant funding. Their DD is now very rigorous & I guess they are looking to forge a long term relationship with WRES in order to refinance the entire debt upon proven production figures. IMHO.
Oh look more buys than sells and a tick up in the SP, it would seem that the market doesn’t see today’s RNS quite as negatively as some of the posters on here.
When we have production figures in April and then July we will all know the truth about the profitability of WRES, until then it’s all blah, blah, blah.
Hereandnow
One of the regular posters put up a comment from 2013 that came out of the daily mail, he was essentially asking the same question as you mate, and I responded with the following:-
The market capitalisation at the time of that article was about £18 million, and there were less than one third of the amount of shares in issue, the market capitalisation today is about £21 million, we have circa 6.5 million shares in issue, we have debts of circa $50 million, we’ve had a delay caused by the kit suppliers, WLFE has gone under, ORM has had to sell out, the price of tungsten is about $100 less per MTU, and we are awaiting proof that we can hit the 200 tons per month production target.
Whilst an increase in the amount of shares and a large amount of debt were to be expected, No one could have predicted that at one point tungsten would hit half of the price that it was, that the delay would happen or any of the other things that were out of our control, but which have had a negative effect upon the way that WRES is currently seen and therefore valued, BUT, providing we hit our production targets and providing that the price of tungsten stays the same or increases, all of us long term holders will see a massive rerate mate, it’s just a matter of time.
This is a weird stock. Bulletin board is very busy and is full of bulls and bears. The company has got a mine ramping up and other assets also being worked up. The company seems to be a bit under funded so keeps on raising bits and bobs, equity, loans, grants...you name it etc. Share price stays rigidly at .3p...............WTF is going on here...I really don't understand. Is this a functioning company/miner or another lifestyle AIM miner....? Genuine question. I would like to here some real answers from those who know better than me