Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
20th June RNS "The Board of Xtract Resources Plc ("Xtract" or the "Company") confirms that it will publish the Company's audited results for the year ended 31 December 2022 before the end of this month, the timing of which reflects the change of auditor as announced on 30 March 2023. The Board expects to publish the Notice of the Annual General Meeting as soon as practicable thereafter and a further announcement will be made shortly." Promptly please Colin.....
Wouldn't it be fair to say that as gold production increases all in costs per ounce will decrease. Or at least that's how it normally works !.
I think we should all stop moaning at the next good news though. Let's pump and dump these shares onto others. Give me 5p I'm out.
We need to get in the person who negotiated the FB deal for MMP. Played a blinder.
Lucky520 Lol !
The big pink area was an Elephant !
Or was it a cigar, or a root vegetable of some kind !
If you could be bothered to scroll back you would find BenHowell posted a highlights a couple of hours ago.
DYOR !!
Jezzoo
Wink
I should have sold when dani asked at the agm.....is it the big pink area thing AA will buy.
I've been here a while and wondered why so many trolls turned up over the years to criticise Colin.
I thought it was traders trying to bash the price down but, in reality it's ex shareholders he's mugged for their hard earned.
Looking forward to the AGM, I hope the whole board gets whats coming to them.
Taking us for mugs. I'm voting to out the next board member regardless of who it is!! Shame its not colin!!
Another cracking deal that delivers for third parties but very little if anything for shareholders.
Nice 30% increase in base salary for CB to £126k
Tax in Mozambique is eye wateringly high £283k on £405k profit. Can't see any explanation. Prior year was c30%
"the Group’s performance is not readily measured using quantitative key performance indicators"
Well actually yes it is Colin. You might not like that those indicators show zero shareholder value delivery, but yes you can measure your performance using quantitative indicators. If you doubt this take a peek at the SP.
>>cash costs for Manica will be 800/oz
Didn't Bird say 700 in a recent interview? - More lies!
It's a pretty crappy deal if you think about it, our licence and MMP can ramp up the 'costs' to whatever they like!
Thanks James
How did we get a tax charge on a big old loss? seems a bit harsh
The full report is on website, looks like cash costs for Manica will be 800/oz
The vote does not mean we sack him - it is an official means of letting him know we are not happy though! - Something has to be done, we cannot allow him to keep lying to us!
I'm interested where £5m cash went to in 2022?
most if not all BR drilling was completed by the end of 2021 - although there was a £2.5 m payables balance at end 21 presumably for BR drilling costs.
That's still £2.5m outflow from a company that wasn't really doing a lot as MMP were setting up manica? maybe money was thrown in there for further drilling etc
will be interested to see board remuneration
no mention of near term income from zambian copper
hoping that we have accrued significant cash/gold stock in 2023 to date, would be interested to know our current cash position.
Its time for this company to spend as little as possible on overheads and new ventures and start accruing funds from Manica to show the market that we got at least one thing right.
I should think so at the moment, but who would we get to replace him ? Who chooses ?
We could just end up with a stooge anyway.
If you look across the boards at the other companies Bird is involved in it's the same story, zero trust in this man's ability to deliver. - In fact that's the one constant, he's useless at delivering on his forward guidance. IMO nothing he says will have a meaningful impact on the SP, apart from him leaving.
Are there enough large holders here who would support a vote of no confidence?
Just a thought.....
If CB just made a statement that we will now just focus on FB to develop (work on sulphides) and BR and NOT acquire any more small projects for the foreseeable future, I wonder what would happen to the sp?
CBs track record in zambia with us, is appalling and the worry is that he keeps going on treasure hunts with the FB income and just squandered it.
There really is great potential here imho and a lot to like , but I'm worried it wont be delivered because its CB at the helm.
Andrew, I sincerely hope we get this in RNSs going forward.
A clear, breakdown of our earnings, a guarantee we won't need a raise and a strategy for how to spend the income to generate value for the shareholders would be very welcome.
I very much doubt such a logical and clear method of communication is desired or even possible with Colin unfortunately. We shall see. I keep my fingers crossed.
The can has been kicked so far down the road its like a piece of tin foil flapping in the wind.
Ben
I am sceptical of CB#s forward guidance in interviews but this is in an RNS.
I think we will hit between 65 and 70 kg. Maybe 80 to 100kg in an interview is in reality 65kg to 70kg
68kg is 2186 troy oz
$1900 POG less $700 costs = $1200
$1200 x 2186 x our 23% = $600K = £475 K a month profit pre tax
When we start to get this confirmed in an RNS, surely the sp will start to rise?
It already would be doing if CB was not in charge
>>the results of this work are expected in the 3rd quarter of 2023
didn't brid state they were due in april/may? - he's so full of **** it beggars belief...
*translation*" Don't hold your breath, it'll be the last day of September, and only if copper is over 10k"