Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Ha, I made a fortune back in the LGO days :-)
RP is at the helm here not DL.He certainly knows how to promote a share though!
I know all about David Lenigas' reputation. However, at the end of the day he is just an investor, trying to make money from his investments the same as the rest of us.
I wouldn't never base any investment on his opinions, tweets or comments. I prefer to listen to the experts like Terra Search, http://terrasearch.com.au/
"Terra Search who have considerable exploration experience in the nearby Havieron gold discovery, have concluded a technical review on the 57.4km2 tenement EL 45/5297, which comprises a major part of the 67km2 tenement package being acquired.
EL 45/5297 is located only 13 km south-west of Newcrest Mining’s Telfer Gold Mine and about 60 km west of Newcrest and Greatland Gold’s Havieron discovery.
Terra Search concluded:
Modelling of the available Government magnetics by independent geophysics consultants, Terra Resources, shows several north plunging magnetic bodies of equivalent susceptibility (possibly pyrrhotite alteration) to those evident at both the Havieron discovery and Rio Tinto’s Winu discovery in the Patersons Range area.
The four main magnetic targets cover an area of 2,400m x 400m, which when compared to the ~500m x ~300m Havieron footprint, is a significant potential target zone.
Depth to the shallowest feature on the tenement is estimated to be at ~150m below surface. The deepest feature is interpreted to be ~250m below surface.
The Permian cover in the area, is estimated to be around 100m in depth on E45/5279
compared to the ~400m Permian cover at Havieron."
Whatever anyone thinks about David Lenigas he knows Australian mining.
Given the independent appraisal from Terra Search I am willing to believe that he is just another holder, trying to publicise the company, trying to push the SP higher. Exactly the same as I am doing. If it turns out he sells along the way that's his porogative.
Fair enough panda but people should be aware of who the vendors of the licence are if they’ve put money in here.I’m not his biggest fan but believe this will do very well with or without him.
ggp not gap
gap seemed to do ok with mr lenigas dipping his toe in :-)
No, I have just seen Lenigas pumping Wishbone very hard on twitter. I've not been invested in any of his company's before but I know about his reputation for lining his pockets with PI money. He's the one that sold the asset to Wishbone which some people don't seem to be aware of.
If this is too hot for you try TTAU
It seems you have a problem with lenigas panda, I assume you have been warning punters on every other bb in every other company he is involved with or is it just this one that has risen by over 50% today?
Yes, just read the post on the GGP board:
"WSBN - Lenigas..... shudders...... nearology ramps..... empties kitties........ raises funds for “drilling”...... finds nothing but puts positive spin on it “we almost hit it” he will say..... raises more funds..... repeats for 2-3 years while milking the books for a big fat pay check..... company starts faling into debt......company delists or is diluted 99% making shareholders money worthless.
I can see it happen, before it happens, because ive watched him do it multiple times already, UKOG I sold at 7p, he (and SS) destroyed. RRR he was involved and ramped, i sold at 8p, now decimated, LGO.... say no more...... RGM..... that cannabis **** show.... the list goes on and on and on. While all the time, milking, milking.
You know what i learned in the 15 years ive traded AIM, never ever trust a fat man in a suit, it means he’s eating too well.
If u got into WSBN today..... well you’ll be averaging down in a jiffy!"
Post on GGP by a well regarded poster, who has good reason for opining that it's bad news for WSBN now that Lenigas is interested and gave examples of why so, stating today's buyers will soon be averaging down "in a jiffy".
For the sake of clarity I'm reposting my reply to that here, in case some read it and think I'm trolling and playing both sides of the casino table or something.
I replied to that post with the following which just as easily could stand on it's own on this board.
==========
No Opinion
RE: GGP and refToday 19:52
" If u got into WSBN today..... well you’ll be averaging down in a jiffy! "
-----------------
I think it will retrace from the peak it's currently attaining - as it has done since August over several (4) peaks and troughs
(and also a little before that period too - but only by larger amounts since August).
So yes, buying at today's high would be risky IMO and see your scenario maybe retracing "in a jiffy" over maybe the next fortnight.
But the question is:
Will this rising peak and trough pattern totally collapse or continue? No sign yet that it will totally collapse, but am expecting (as you say) that it will pull back - maybe over the next fortnight.
But no sign yet, that this is the final peak.
Ballet shoes needed if interested in WSBN? I'm currently trying on a pair to see if they fit. But won't buy at the peaks - troughs only, that - and controlled stakes.
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Peaks and troughs here too in GGP. Think the current lows are in for this stock as the next phase IMO is on to the next peak. Was hoping to add to lower my 19.9p entries - but that low is over now, the SP is not going to accommodate me.
On to the next high :)
I would take anything Mr Lenigas says with a pinch of salt. He is most likely trying to entice people to buy shares as he needs the liquidity to sell his large position and pump up the share price to convert his warrants.
"Wishbone has signed an exclusive 45 day option to acquire the Patersons Range Project and has agreed to pay the vendors an option payment £50,000. Wishbone has already commenced due diligence on the projects and will complete this during the 45-day option period. Assuming that Wishbone proceeds to acquire the projects, Wishbone will issue the vendors (being Peter Romeo Gianni, Geonomics Australia Pty Ltd and David Anthony Lenigas) an additional £183,333 in cash, issue 11,111,111 new ordinary shares (Acquisition Shares) at a deemed issue price of 3.3p equating to £366,667 in aggregate and 5,555,555 warrants (Acquisition Warrants) to subscribe for one new ordinary share in the capital of the Company. The Acquisition Warrants will be exercisable for a period of 24 months from admission of the Acquisition Shares at the price of 3.3 pence per ordinary share."
I see Mr Lenigas has moved some of his profits from GGP into Wishbone. He knows the geology of the Haverion / Telfer Region very well and seem very positive on the Wishbones prospects.
MT
I think about 20 November
They might not use the full 45days either
"When is the 45 day period up ?"
You're a bit lazy aren't you?! A tiny bit of research would tell you its 18th of this month assuming the trigger date is the 5th Oct when the announcement was made.
When is the 45 day period up ?
Not long to wait for news on the Haveirion / Telfer option.
Watch the spin when the deal goes through. I reckon this could smash 10/11p on this news alone.
MT
10/11p on Acquisition of Telfer/Havieron licences
Should be next week
One things for sure. Any company Lenigas is interested in will get plenty PR. Looks like he has already started.
https://twitter.com/DavidLenigas/status/1318291820187652097?s=19
I wonder if those, including Leni, who will end up with an interest in WSBN may look to become more active in the company. They could have held back on giving the options but instead have decided to grant these to a listed company Who knows perhaps they are looking for a low MC vehicle. No doubt RP who is also Australian will know Lenigas & Co.
Wikipedia makes interesting reading on Mr Lenigas who is one of the vendors who will gain out of the Options being taken up.