Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Lets hope the DD was done correctly this time........
I stand by my factually correct opening statement.
Andrew4444 : "Your opening comment of “Kakuyu ... adds future income to the pipeline” is one hell of a bold statement after what has happened with the other small acquisitions."
Of course, and without question, the Kakuyu JV has added future income to the pipeline. Keywords that appear in the same sentence are 'future' and 'pipeline'. It has been described rather well, for a change, in the RNS published on Thursday. I didn't assert that Kakuyu had added an 'income stream' to the 'bottom line'.
Not everything in a pipeline reaches the end of the pipe, unfortunately. But if the pipe is empty there is a big problem.
You appear to be also saying that XTR should no longer do anything in its stated business model as in the past some projects did not work out. I am prepared to accept that right now my glass is half full if I am made aware of people doing something to top it up at some point. potentially via "near term production" as stated in the RNS.
I think it must surely be possible to accept the potential benefit of the new JV on the basis of the small investment, local processing and near term cash flow......... without sticking our heads in the sand wrt Kalengwa. (I'm still waiting for something official regarding the reality at Eureka).
At the minimum the hope has to be that it is another bolster to cash flow and exploration funding, with the potential to open up something more interesting..... but if it is just the first it will still have been a positive investment.
Gixxer if you scale this down to the micro level it's exactly the same policy xtr is adopting.
With Colin's connections in Africa it could be the year of the wheeler dealer.
A4444 thank you for getting that down in words in a way that I was too annoyed to last night :-)
ZM
I agree that a sensible business strategy is to expand and grow the co and income stream. That’s not the issue though and I don’t think anyone has a problem with that plan, but I think the detractors are saying its hasn’t worked with many of CB small acquisitions. Matrix, Kalengwa and Eureka (so far 3 years on)
Having a plan is fine, but if the company doesn’t execute and deliver on that plan they are going to be open to criticism. Matrix and Kalengwa are not examples of impatience by shareholders, those projects have been closed.
Your opening comment of “Kakuyu ... adds future income to the pipeline” is one hell of a bold statement after what has happened with the other small acquisitions. Some may even say naïve :)
I hope your confidence is justified !
That's a good logical approach and rationale for sitting this one out, without the need for any of the finger in the air guesstimates that keep raising their head in this forum. Although the hope here is that they're able to bring these metals out of the ground at great pace, and well in advance, before they put me in the ground ??
You can take what you want from any bulletin boards, but there is a better way of looking at the current position.
I believe the company will deliver some decent upside.
For me just understanding some basic principles of investing in the resource sector.-
* Look for cash flow stories with commodity price and exploration upside.
* Capped downside and uncapped upside potential.
* And near term cash flow from production.
Similarities we are now seeing with Xtract’s current positioning and growth strategy.
The company is on the verge of seeing that potential upside over the next couple of years. And with meaningful income to progress current assets based on the known geological knowledge and understanding to increase ore reserves and extend life of mines, in both Moz and Zambian assets. Is certain that any lessons learnt from Kalengwa will hopefully not be repeated with the current strategy to take on further small mining operations. Of course nothing is certain, but at least it puts them in a strong position going into this next cycle.
Bushranger project aside.
Hopefully I'd never get to find out !
Well put! I'm kinda intrigued as to whether or not you intentionally worded the last sentence that way lmao it genious. Was Santa's cookies soggy?
I don't know if it's just me but this site used to be pretty switched on and pretty informative but unfortunately it's detioriorated to a poor man's version of would I lie to you. It's the same old song about the future share-price figures based on back of a *** packet formulae using more imaginary figures than JK Rowling. It's like forecasting how a team is going to play at a major footballing event, assuming a million and one different set moves, by each player against each team and assuming the Winners of all the groups to achieve that objective. The trouble is it only takes one slip of one team to upset the applecart and send the predictions into freefall so all the planning and figures that keep being jotted down, discussed and boringly published and re-published before the event are just meaningless and boring. At the moment it's the vFA x 3n. Where if FA does evolve to be FA then whatever the other figures are the answer is still FA. Let's hope FA actually equals a meaningfull amount and if it does we won't know what that amount will be until all the data is gathered. The repetiveness of the boring speculations and repeatedly adjusted figures are so boring, in fact, that a box set of Strictly and I'm a Celebrity tastes more exciting. Quick, let's hide the firestick remote !! Anyway rant over, I need to speculate what Christmas presents I'm not going to have so I can unecessarily burn some mental energy on something that possibly will or won't happen and I won't find out until Santa has emptied his sack all over my living room .....
Personally, where we are with BR after P2 I think it would be better for AA to pass.
Rio Tinto reluctantly hunts for deals as mining industry consolidates
Anglo-Australian group looking for critical mineral assets but says it needs to be disciplined
Rio Tinto discussed its own strategy at the investor day, following its $3.3bn buyout of Canada’s Turquoise Hill last week, which gave it greater control of the Mongolian copper mine Oyu Tolgoi.
Jakob Stausholm, chief executive of the Anglo-Australian mining group, said he remained “a bit reluctant” to expand its business through big-ticket deals in markets such as copper. He said that miners could end up paying a “very full price” for assets that struggle to create value.
Stausholm also argued that no other miner could match Rio Tinto, with its critical minerals assets in countries including Canada, Mongolia and Argentina, where it acquired the Rincon lithium mine for $825mn in March.
Mining companies have been increasing their exposure to minerals such as copper, lithium and nickel, which countries need to decarbonise and open up alternative supply chains to China. Rio Tinto signed a memorandum of understanding with Ford this year that could result in the US carmaker becoming a foundation customer for the miner’s Argentine lithium supply.
“Critical minerals is clearly important from a policy perspective for many governments for security of supply,” said Cunningham.
https://www.ft.com/content/fb0ef893-da01-4fe9-906a-36ff272cce78
ZM... you nothing about the people you have resorted to personally attack. When you have been invested in XTR as long as I have you may just see that there have been a few to many deals which have not been a benefit to shareholders. Its called experience which sees things for what they are. Passing off Kalengwa as a venture that didnt come good after what was said at the time shows you are not as well read regarding XTR as you think you are.
How rude !
Kakuyu ... adds future income to the pipeline, for minimal outlay and minimal financial commitment. Detractors will knock this, and are indeed knocking this.
A functioning business does not stand still. They may feel they have a cash cow coming of age, but that does not mean you can ignore developing your pipeline.
Not every venture will come good. But if you have no ventures there are none that can come good.
The detractors who point to Kalengua and Eureka are completely missing the point. Business does not stand still. Those detractors really are showing themselves up as salary fodder. Only good to sit at a desk and process other peoples' admin. Not value creators, opportunity seekers, wealth creators. They couldn't survive without their monthly paycheck. The ability to pay that monthly paycheck is created by bigger individuals that haver been prepared to fail a few times on the road to succeeding.
Investing, unless you are able and prepared to be seen as a financier, is a process of jumping on the coattails of entrepreneurs who take the risks and apply their expertise for you to benefit from.
Mock all you like if things are not going fast enough for you, or in the direction you thought it would, but you are only shining the light on your own greed backed up by no useful input.
Maddog re "Has anyone ever asked Colin what is the advantage of having lots of small projects in Zambia spread across his various companies ?"
Obvious. More opportunities for the team to award themselves bonuses and cheap share options.
The Year of the Small Miners.
Merry Christmas Ebenezers and Rampers alike!
I will take the silence as a clue that maybe a good answer is not imminently available :-)
no go on... try me. What advantage has there been for shareholders with the acquisition of Kalengwa and Eureka. You are probably correct though in that I'm beyond explanation for the MozGold deal so just stick with Kalengwa and Eureka for now ;-)
hi, no i didn't mean to imply a huge vein, thats not it at all . really busy at moment but will try later to put some links up, but definately NOT a huge vein . :)
"Perhaps ZM could enlighten us all with what advantage there has been to shareholders by acquiring Kalengwa and Eureka ?"
I don't think you are open to the answer to that, so enlightenment will have to be something that blesses you at some point, or it doesn't.
Perhaps ZM could enlighten us all with what advantage there has been to shareholders by acquiring Kalengwa and Eureka ?
I hope neither Art123 nor Littlewing are planning to start their own businesses anytime soon. With that attitude the prospects would look bleak indeed.
"Has anyone ever asked Colin what is the advantage of having lots of small projects in Zambia spread across his various companies ?"
Lots of carrots to dangle are harder to keep track of by those pesky shareholders ?
Colin said in that last interview that website pictures would paint the picture of Fairbride operations.
I would also suest the website is tidied up to to remove Kalengwa and perhaps outline the narrative on Eureka. That one has been kicked down the road too often.... at least we need to see if it is still a can ....