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.
Well comparing our success rates has nothing to do with it but he has over 50 years on me, so he should have a lot more than me. If you want to compare my success rate his then can you kindly ask him how much he was worth in his early thirties.
Sure you are right but there is clearly no Placing on the horizon. Perhaps a Partner in the wings
Actually howzap, we have been lead to believe ascot is a porphyry. Now I read..... we need much more drilling to discover the TRUE! porphyry that MIGHT! Be underneath!!!!
This statement says to me that they do not know what they have and its going to take a substantial amount of funds to prove it up.
For God's sake man - look at his record over 30 years. How does his success rate compare to yours ?
The one ( and only) concession I will make is CB is CEO or Chairman of too many listed entities. For his age he is remarkable but I do hope there is a succession plan??
I'm actually having a nice day, I'm on holiday in paris.
Just relaxing with a cold beer. Inside though as the weather isn't nice today. Was lovely yesterday though.
Lol 200k is pocket money?
Surly wasting 200k and then finding out you can't get power to the mine is somewhat of an oversight isn't it?
Is this the person you want in charge?
It's not the money, it's how easily it was thrown away!!!
Lucky, they refer to racecourse too as a deposit and not a porphyry.
The follow-up Phase-Two drilling programme succeeded in defining a shallow high-grade ‘crown’ to the Racecourse deposit ………….
Bad day lucky?
£200K is pocket-money. If you are going to blame CB for 'wasting' that level of investment in exploration, you really do not understand the business or sector at all. It is the nature of the beast. Balance that loss against the value that CB has achieved with Racecourse and Ascot. Get a grip !!!
Shall we talk about due diligence!!!! Did Colin and the team not think about where to put the extension lead before spending 200k of our money on kelengwa?
Would power not be the first thing you check?
A lot of ifs,buts and maybes!! Satisfactory is used a few times. Ascot is now not being described as a porphyry but lots of mineralization and a possible real porphyry deep underneath.
Can someone with rose tinted glasses show me the positives please! I'm struggling to see them.
As far as AA are concerned CB has always named them.
So maybe it is the case that BR will be open to all.
To put it in perspective, i owned just over 1% of the company when we got kelengwa. That means kelengwa cost me 2k lol
Current reading through the accou ts and what stands out to me is the obvious BS we LTH talk about. Kelengwa is a dead duck that cost us how much?!!!
Full report now posted on website
https://xtractresources.com/wp-content/uploads/Xtract-AR2021.pdf
So overall the chance of a For Sale sign for BR, is within the next 4mths or so?
My takeaway including para 7 in point
0. Not full extract of accounts e.g. lots of notes missing as well as auditor statement and I don't understand why prior year P&L has restated in the header - looks identical to last year
1. Explicit statement on don't foresee needing funds in next 12 months.
2. Drilling (underway?) for 1 hole at Ascot and limited holes at Footrot
3. EL5574 - The phase 2 exploration programme is about to be completed and when we have modelled and evaluated all the raw information, we will be well advanced on the value curve and able to position the project in the global market. (Why state global could it be construed as have AA have declined but I guess they are part of a "global" definition so not necessarily)
4. Operations will commence Q3 at Eureka
5. Chongwe is revealed - small profitable project - but short shelf life
6. Kalengwa has been written off
>>In general, our exploration activities in Australia have been extremely encouraging and without a doubt we have discovered a major system, well beyond our original expectations. As with all porphyries, however, a full understanding requires much drilling to define the full potential and our projects are no exception. The phase 2 exploration programme is about to be completed and when we have modelled and evaluated all the raw information, we will be well advanced on the value curve and able to position the project in the global market.
Would that imply AA are out of the picture? Or just a generalised term?
Very promising indeed, I hope we can all agree on that.
Would be good, if a few can give their opinion om what CB has said in para 7 of his comments.
As would be great to know, if I am reading it right & comes to how others also understand it.
Thanks
Well this is good:
The Directors have assessed the working capital requirements for the forthcoming twelve months and have undertaken assessments which have considered different scenarios based on exploration and mine development spend along with a number of production forecasts until June 2023.
Upon reviewing those cash flow projections for the forthcoming twelve months, the directors consider that the Company is not likely to require additional financial resources in the twelve-month period from the date of approval of these financial statements to enable the Company to fund its current operations and to meet its commitments. The Group will continue to monitor corporate overhead costs on an ongoing basis.
Just issued in RNS
Do they need to be issued today?
Not heard anything. What is happening
Agree, this discussion has been done to death. It is true about the placing but in one of Colin's podcasts he also said a higher shareprice would help when it came to negotiations over BR. When it comes to reinterpreting the geology and negotiations I am in the "patience" camp. But if Colin is correct in what he said, a bit more effort since March would have been justified. Empress found something to shout about regarding Manica etc etc.
Andrew, LW my ‘reply’ was once again to give the opposing view to what was a negative post of a subjective nature. I find it quite surprising that a shareholder with 17million shares would want to filter another member for ultimately defending the position of the CEO and trying to promote reasoning behind continuing to have trust in your own research rather than from historical failings. I find the 10p value absurd, I understand where you are coming from but disagree as it implies my point as is shows a defeatist attitude before getting the facts.
Stevemocal- I didn’t say xtract had to accept on a legal point. in my opinion, if Anglo were to move with an early offer it would have to be seriously considered and would be difficult for any realistic offer to be turned down and will probably not reflect maximum value, that’s business.
It is summarised in the buy back agreement for good reason, and imo is indication enough to be of importance.
With respect
Guy