GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
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What's this 10 day thing people keep talking about?
In Phase III, the qualified bidders must prove their financial capacity to execute the proposed projects, within ten working days of their notification, by submitting their audited financial statements for the last five years and the risk rating issued by entities of recognized international prestige that have a minimum rating of Level A3 (on the scale of the Financial System Supervisory Authority-ASFI) or its equivalent level in the case of This is any national or international risk rating agency. The documentation will be verified by YLB, under the compliant/non-compliant methodology and the results will be notified via email, up to five business days, according to the call. La Paz, May 14, 2024
That was the big news out of the way. The next phase sounds like a given so won't create much interest. Lots of people and placees willing to sell at any price now.
Money will pour into this once the tech is proven and a plant has been built.
Until then new lows in June and a placing at a super low SP.
Early investors diluted to zero even if the business works out.
"Hold for Gold" mantra is the worst advise in the world on AIM.
By the look of it at the end of 15 days we would know we have a solid backer and enough cash to build the processing plant.
The good and attractive thing about this is:
1) we have strong backers in Europe.
2) huge reserves of lithium at surface level.
3) no drilling no JORC needed as we process surface waters for lithium.
4) production will start as soon as the plant is built.
The competition for this will be huge: China and Russia are not likely to go for the highest bid as it is second option for them. Europe in the opposite see this as a golden opportunity, so our chances are really high.
At the suggestion of the European Commission, Clontarf has now broadened its "Team Europe" partnership to include financing and offtake partners representing key OEM manufacturers in the German Mittelstand. Endorsement from one of the world's leading groups of high tech, battery-quality Lithium offtakers is heartening.
So it is 10 days then 5 days to result then few days to cash and staring a plant. no fuss to pushing cans arround.
Yes 10 to look a financies etc then up to 5 until the results, I would expect some sort of annoucement from the EU anytime before then. IMHO
I wouldn’t sell a single share here after the very positive RNS yesterday.
It’s a matter of waiting for JV announcement in the next two weeks..or TO at big premium …of course all imo
As always dyor
They have to show their capability within 10 days so takes it to around 28th May, and then results upto 5 bussiness days 4th June latest. But would think this would have been prepared in advance, so could be alot sooner.
From the RNS…
...” At the suggestion of the European Commission, Clontarf has now broadened its "Team Europe" partnership to include financing and offtake partners representing key OEM manufacturers in the German Mittelstand. Endorsement from one of the world's leading groups of high tech, battery-quality Lithium offtakers is heartening.
The Company further acknowledges the European Commission's leadership and strong support for the European companies involved, including initiating high-level negotiations over infrastructure financing, and issuing a Letter of Comfort for the qualified European companies, which may prove critical in overcoming any remaining financial challenges. Clean, Green Lithium from brines may be classified as a strategic project under the EU's Critical Resource Minerals Act.
Further updates will be provided, as appropriate, in accordance with necessary clearances from the authorities.”
WB..
“The market is an efficient machine by transferring money from impatient investors to the patient ones”