Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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5 in about a minute
300K buyer is back
I'd go further and say that clever governments using stimulus and tax benefit measures to support the Green Revolution dragging their economies out of recession ....... Will prevent copper being dragged down as usual.
If you could go back and bet on the motor vehicle or the mobile phone you would be rich.... betting on a solidly understood commodity such as copper might be our next opportunity.
The back drop support for POC will probably be the EV revolution as that isnt going to slow down and the Green agenda. If POC can rise or at least not fall in a world wide recession, then imagine what would happen when the world recession is over and the world wants to to start to open up and build again.
The bad news is that the time horizons here may be longer that we would like, but as the market is 12 months earlier than actual macro events, we may not need to wait until world is out of any recession before take off in POC ( take of being $11K +)
Maybe its worth CB waiting until end of 2023 rather than moving sooner in early 2023???
$7973 mt. Looking very positive again.
copper's doing very nicely too
Seems the precious metals are suddenly going ballistic....
Not sure how much effect that would have on a prospective value for BR but it can't hurt.
...as a starter!
It does feel like sentiment is improving. 3x the SP from here will do nicely.
Good to see a modest increase in buys this early in the week. Is the tide beginning to turn in our favour? I suspect it must be as we approach year end and lots of potentially favourable news due.
The sale of 79794 showing is in fact a BUY
I think everyone that has done their research is already invested. With no news for now, there is nothing to spark new investors, so the share price drifts down down on minimal volume. While it might have fallen to 3p-ish, the number of shares actually sold in recent weeks is only a small percentage of the total held. The MMs try to generate activity (which is how they make money) by moving the price around - usually down - far more than the trading activity would suggest.
Once news drops and sparks wider interest (assuming it is generally in line with expectations), the price is likely to move up rapidly, which is to the advantage of those already invested. Currently, its a test of patience and faith in your own research.
It does strike me as odd that given this impending good, great, massive news and the potential upside that there is no movement (apart from down to 3p) of the SP? Everyday is step closer... yet nowt happening. Is there a time frame that requires investors to be in on the share prior to the Special Divy?
Hoping that now the share awards have been issued for employees, the next step won't give traders and last minute entities the satisfaction.
Assuming I can't envisage a scenario where the SP will start to rise, gain pace and then end up at a level representative of a buyout value. It will go straight there, wrongfooting all the previous holders that have been congratulating themselves for getting out on the way down past 5p. For them this will become just another 'if only' stock. Ditto all those 2p warrant holders that exited as soon as their lock-in period expired.
There is no need for wider awareness of what we have here. There is no need for increasing traded volume. One day 3p, next day sale, handsome dividend paid to shareholders. It is that simple.
However it is played out, wether they do or don’t want back in, either before or after their intent is known I just hope we get to see a full webinar presentation with the team showing all the 3D resource modelling and surveying results showing any other anomalies so we get to see a visual representation of exactly what phases 1 and 2 have added to bushranger on top of the original study of the 71mt resource.
But, ‘just wondering’ if that is even likely, particularly if AA pass up their option if another or other buyers have already shown interest. But, it is a fantastic marketing tool so you would certainly hope they would do one.
Footrot assays possibly next for release?
Spot on Cygnus7, one morning we will have an RNS about an AA bid, an AA buy or an AA pass over so the asset has been put on the open market, in all cases the SP will open sky high ( assuming it's the expected good news) and the lions share of the money will be made by existing shareholders.
So yer pay's yer money and yer takes yer choice.
I'm wondering if the reason for the current low sp is due to the traders thinking that XTR will announce the size of the resource and then start talking to AA to see if they are interested. That way the traders can judge the risk level and get in at the last moment 'Johnny come lately' style. Now, I have no prior knowledge of how these things work but it seems far more likely that XTR will announce both the size of the resource and the results of talk with AA at the same time. Not only that, but if the talks have been successful, a special dividend will be announced to shareholder based on some prior date. Possibly some weeks earlier.
It makes no sense to me that CB would announce a resource size and then begin talks. Many LTHs would be placed at a disadvantage as traders piled in awaiting the announcement of a special dividend. Maybe others have more experience in these matters and can enlighten me .
So, if I'm right then all those traders that want their pound of flesh need to get in now and show a little patience otherwise they could soon find themselves frozen out of the 'sweetie shop'.
roll on monday morning
>>>It’s all about the level of geological confidence and with this kind of good to strong evidence put together by a highly experienced and respected management team it will not just have a residual value placed on it.<<<
There is plenty of scepticism to the general credibility of both IP and EM techniques toward ultimately, identifying commercial ore deposits, and rightly so. They are generally more an investigation tool as opposed to an actual exploration tool used to identify potential targets to warrant further investigation.
I’m not going to pretend I understand the actual physics, but there are advantages reported to combining the IP and EM found in other projects just like the technique we have been told being used at Bushranger that have assisted the drill targeting by understanding that relationship.
Furthermore,
>>>The mapped geobodies based on EM anomalies give complementary information to the IP on volume and distribution of the mineral resources. EMS-IP is a cost-effective investigation tool that deserves more attention in geoscience projects.
So just how much credibility will be placed on the ’combination’ of using both EMS-IP toward any further asset value from the other anomalous targets identified ‘does’ appear positive.
Statement made in 2020...
"As ever, investors’ focus is on whether the deposit will turn out large enough to tempt Anglo American back in. To remind, AA said when selling it in Dec 2017 that it might buy the licence back if the deposit grew from the then 350,000 or so tonnes equivalent of contained copper, to 2 million tonnes.
That was when the copper price was at $3/lb (and had been $2/lb, 18 months previously) compared with $3.5/lb today, so Racecourse could be more economic at a smaller size"
Copper currently at $3.59 per lb
I would assume that it's fair to say that AA doesn't need 2m tones to kick in with the buy back option. On the flip side of the coin CB is quoted to say he has a very large system.
Final figure are not far away and i feel we will not be disapointed considering how long it's taking to calculate final figures. AA must be fully aware by now and probably already in talks with CB with the working historical relationship he has with them.
If we assume the mining study will be positive in showing an economically recoverable concept, that must have a further premium added to the value of the in ground resource.
I think we should also be taking into consideration further value will inevitably be placed on the result of work carried out to show a Cadia like multi mineralised multi porphyry system.
CB has been fairly clear on the significance of the geophysics across the whole area where comparative similarities are shown between the known geology and ‘other’ anomalous targets, to be of good potential to be mineralised.
This will be evident and supported by the understanding of the relationship shown between the main inferred/indicated resource and the signatures from both IP and EM surveys.
Some of these anomalous targets have also been confirmed with drilling, further underlying porphyry below RC, the outlying anomaly to the east that returned a very high gold grading, the gold system below Ascot and footrot.
It’s all about the level of geological confidence and with this kind of good to strong evidence put together by a highly experienced and respected management team it will not just have a residual value placed on it.
My thinking is circa .27 also Andrew, although I've no actual workings for reaching that number.
Even at 0.22% and $7K and also assuming 1.5% in ground value and 0.88 conversion to GBP, that comes out at 10.1p just for RC.
Of course the 500Mt regularly stated may actually be 450Mt? That would cause CB some issues as he has regularly stated that figure many times and not, as far as i can remember deviated from it (downwards anyway).
My best guess is 0.27% average, $8K, 1.5% = circa 14p for RC + circa 3p for Ascot+ 3p for FB so SP should get to equivalent of 20p. 15p minimum.
so 15 to 20p
IMHO