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Along with all the expected news flow we are due, it’s good to see lithium prices rising again.
http://www.dailymetalprice.com/metalpricecharts.php?c=li&u=kg&d=60
As also posted elsewhere,
Just trying to share this info in appreciation for the other poster's very helpful postings on this board.
With thanks and GLA
The next milestones:
1. Operating output data of the Pilot Plant (April).
1a. DLE process analysis results and is it to battery grade Li +99.5% with low impurities (mid May).
2. Listing on the ASX (with small raise) in May.
3. Latest LV Drill results (July)
4. Granting of CEOL (development permit) process July onwards.
With initial announcement/naming of which Salar's will be eligible to be developed,
And granting of CEOL in due course.
5. PFS
6. Offtake discussions (after PFS issued) by end of this year
7. Environmental Impact Assessment (EIA) by end of this year.
8. DFS by mid 2025.
info above mostly noted from recent video presentations.
It’ll be nice to crack 15 properly
As we saw with the previous CEO there is plenty that can happen between now and 20x, Steve Kessler seems like a straight shooter tho, so I think under him we can see this happen :-)
If 20x current SP is genuinely possible, then I should plough dosh onto this share tomorrow.
I mean even £1k becomes £20k. Then who wouldn't want to be in???
Postponed because Kesler is busy meeting people in Chile ...
Anyone know if this was cancelled or have I got the wrong date?
Market makers still holding this back 15p UT, must be some buyers in the background.
Thnx Bunivestor, was interesting to see there were 2 price targets mentiion the first being Cannacord Genuity with a PT of £2.95 (for single basin production, 20x current SP) and the second being Fax Davies Capital with a PT of £4.45 (for both basins production, 30x current SP)....
Certainly makes current £0.14 look like the bargain of the decade...
Ticking up nicely. 14.8p UT
Nice big trade, t0morrow is a new day chaps
New interview
https://m.youtube.com/watch?v=UdowRm96zpo
£38k That’s a substantial buy for CTL, someone is loading up, insider buying?, hopefully a Rns might confirm , but £38k is more than just a punt.
Just to be clear - what is expected in July is the culmination of the present process (indications of interest) - they are being done at present - expect CTL to announce resubmission of their updated ceol application in next few weeks. July should bring the confirmation in those which will move forward and those that can expect more rigorous examination. The expectation is that with the work done on the ground by CTL with the local communities that our projects will be green lighted for the ceol award which is then expected to take up to a further 3 months (ie; July green light for an October award)
Yes July is not that far away now, I expect to see the share price only building as the news release date gets closer.
“· It is expected that by July 2024 the Minister of Mining will list the salars where there is private sector interest in leading exploration projects for lithium production.
· CEOLs are then expected to be awarded by the State for these salars.“
I am more hopeful milestones in the next 8 weeks will change the picture positively. Good to see a few more positive investors popping up on the messages.
Enjoy the fish and chips, have to not worry about would could be, especially with exploration companies which CTL still is until it announces first production, the reality is we have been hit hard by the Lithium spot price and until this shows a steady rise or the CEOL is approved, I think we will hover around here. So who know maybe towards the end of the summer you may still be able to get it at this knock down price :-)
Sold my tiny holding this morning at 13.67p. A 14.4% profit between the 12th and 15th April. More an exercise in reading the market in CTL than making any money but it will pay for tonight's fish and chips. I have no idea whether the Lithium extraction will be profitable or not. I may look back at this share price in two year's time and see that its 136.7p or it may be..........
Gone green lads - Rerate commenced!
That’s a biggie fire! Explains why they closed at 14 fri. Mm now ready to move up higher I think
Looking at late trades this morning from Friday, another big buy has popped up, £38k at 14p!!
Https://twitter.com/hashtag/CTL?src=hashtag_click&f=live
Zak talking of a rebound back to 21-22p. Looks likely! or you could take this guys view on board,
https://twitter.com/tima441/status/1779561761596744136
Quick decisive action taken on what caused the price to drop. What’s not to like! Whether Aldo knew what he was doing or not the companies taken the Right actions to protect shareholders.
It’s also worth accepting his lesser role as we maintain his valuable contacts in Chile.
Look forward to the next steps but in the meantime the sp should recover.