Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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What has happened to this stock? It used to be very active with lots of trades & many postings everyday. Now very quiet all around!!!
Courage, mon ami! Courage!
8% up. All not yet lost !!
Chat board, trading all very quiet today, I wonder why?
SP being walked up By the looks of it. Fingers crossed a deal can be done
Really liking the view from here - having a look at the background trades there is a fair bit of stake building going on. Not long to go before the next break out IMO.
Maybe Orion have insurance against non payments. These shenanigans could be strategic.
Doesn’t know which way to go. Still clinging on here.
mine's titled.....REFUELING
This company wont they are going bust, I do remember them at 12p many moons ago . Game over soon folks.
Have to say yesterdsys RNS made dreadful reading but clearly someone is building a stake in the background here so we need to wait to hear some positive news and ince received this share will motor.Berk Aukus has an IRR of 35% and potentially €25M return with zinc priced at3100$ and at pres because of our Tschudi issues we are valued at under $2M
...of the fat lady still haven't been heard. In fact, she's not even in her dressing room gargling. Interesting times ahead.
Well dodgy. This whole episode looks scripted. Not complaining as long as the SP recovers above 1.5p. £15m m/c. Still hoping !!
0.25 paid
I just can't see Orion just calling it a day. Given the status of the mines and the value of secondhand mining equipment they would be writing of over �100M. If they had wanted to do that for whatever reason they would have done it months ago. They also stand to lose several �M if the share price goes to zero. I can see them accepting an offer of maybe 0.5-1p based on the debt being honoured with some restructuring. My guess would be some kind of deal around 1-1.5p as there are other large holders (Logiman, Chambers etc.) with an interest at 2p. Clearly most of the PIs have either written off or bought at .02 or less so they won't be bothered. Given a good copper price and BA there may well be a company out there that wants in to write of some tax etc. There is also the tax loss on WTI as a factor.
On 5 February 2018, Weatherly announced that it had initiated an update of the PFS for Berg Aukas, which has now been completed by independent South African consultants, Minxcon (Pty) Ltd ("Minxcon"), being the same consulting firm which prepared the original PFS report, in 2014. This update examined the impact of improved metal prices and an update of capital and operating costs for the project. The mining, processing and product marketing assumptions were not revised for this update, and the resource and reserve estimates also remain unchanged. The updated study estimates that the overall project NPV (for 100% of Berg Aukas and using a discount rate of 10%) has increased to US$74 million post-tax and that the post-tax IRR has increased to 35%. These outcomes were estimated using a zinc price of US$3260 per tonne, a lead price of US$2,490 per tonne and an exchange rate of 12.9 NAD/USD, which were prevailing six month average spot values in mid-March 2018. No value was attributed to the vanadium content. The total capital cost estimated by Minxcon is US$54.1 million.
This chap really has commitment It wouldnt surprise me if we had another 8.3 as that subsequent buy wasnt exactly a light weight either now was it? I dont think anything is going to happen that we aren't already aware of. The Strategy Report is going to take a while The issue with the water ingress is just another issue for the team at Weatherly to deal with. Orion are owed $100M and there security is Tschudi but they have always been supportive The POC is on a March now that China/USA seem to be talking again for 5 minutes When will Weatherly reactivate their mothballed mines Will we find a jv for Berg Aukus With Zinc at $3100 how much is Ber Aukus worth How high does the POC need to rise to for Tschudi to become economical again? Presently satnding at $3015/lb A shade under $7000/metric tonne. Zinc is worth $3100/metric tonne
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Never seen few big buy before like today
I can see why there is buying interest. If, for example, WTI could somehow extricate itself from Tschudi and the Orion debt finance for this, it would be left with a couple of nice assets (Central Ops and Berg Aukas), which would more than justify a market cap of �2m. If WTI could 'sell' Tschudi for $1, or if Orion takes a big 'write-down' in the debt, this looks feasible, - but I doubt that it will be this simple. Realistically, I think that Orion must be starting to recognise that $100m+ plus interest cannot possibly be generated by Tschudi (unless there is a dramatic rise in copper) and therefore that they must (reluctantly) accept at least a partial write-off of the debt. We shall see.
They must know something we don't.......i think there's more to play out here. Never simple with WTI.
obviously has confidence in this share with a delayed buy @ 0.2p popping up �17k investment 8.9million shares wow!
Have noticed the bid keeps rising as now 0.1725 to sell 2.7m, is there a background buyer to justify this?
I think that 5M purchaser has exited and made a cool �1k profit now and am anticipating a few more to start coming through
�If, like the prophet Noah you have patience in the distress of the flood, Calamity turns aside and the desire of a thousand years comes forth."