The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Hey Daltry,
perhaps, if you are keen on eliciting my, or indeed anyones comeback, your time would most likely be more profitably spent scraping down your wife's dentures as opposed to posting here.
just a thought.
Funny how you all go dead quiet when it goes back down again... and again... and again...
Hopefully we should see us getting into the 20p range on the back of this, lots of news in the pipeline, we are seeing a nice steady increase in the share price as new investors start to take positions.
It is very positive that they have obtained unsecured finance to commence the payments on the licenses:
“ Steve Kesler, Chairman and Interim Chief Executive Officer, CleanTech Lithium PLC, said:
"Acquiring the 23 Laguna Verde licences under new commercial arrangements, so the Company has full ownership as well as control, is a prudent decision, which will support potential long-term returns to investors. The Company has also been advised that gaining full ownership of the licences will clear the path for the dual-listing on the ASX. While the timing of this decision has been driven by the ASX listing requirements, it was always planned to make these changes for commercial reasons and to provide our shareholders and potential strategic parties with clarity on the ownership position and amounts payable over time. The Board is pleased to have reached agreement with the Vendors on this matter and thanks them for their flexibility over the course of the past few months.
"Having been offered attractive terms by a third party to fund the first staged payment through a convertible loan facility, the Board felt it was prudent to take up this offer, allowing us to continue to focus our existing resources on our ongoing and planned work programmes. We are grateful to the new convertible loan note holder who has demonstrated real confidence in our plans.
"I would also like to recognise and thank our previous CEO, Aldo Boitano, for his crucial role in bringing both these agreements to a successful conclusion.
"Now that these changes have been made, we will look to dual-list on the ASX, with the relevant documentation on this now being under way. We will update our shareholders on this in due course when the application has been made."
Australian listing requirements are stricter than most involving extensive due diligence. The fact that the Australians require todays action to secure the listing is a big positive for me as is the fact that CTL have been able to obtain the finance to comply.
Just in case the pinned post dissappears :-)
https://www.lse.co.uk/media/CTL/gordon-stein-cfo-of-cleantech-lithium-explains-why-ctl-acquired-the-23-laguna-verde-licenses-5zszwsvx89vsnzd.html
Yes and if you look at every presentation there has always been a caveat about the option agreement. On the few times it's been spoken off / ghosted over its always been a bit of a meh... now dispensed with. No such other caveat has been spoken off wrt FB - the other two greenfields are altogether different animals. To my mind it's spring cleaning and I am glad of it - perhaps the holder was pushed along by the national lithium strategy - saw little more upside and so made for the table.
It's all available to view online in black and white, if memory serves me right it is all in the IPO documents
I assumed they already had full ownership. Was anyone made aware it was otherwise?
This is a neutral RNS, not really a plus point ..What if the options had been exercised?
Any other sneaky secret snakes to come out of the woodwork ?
Yes the full ownership rather than potential ownership of the licenses is a big thing and will certainly add to the clarity of the CEOL applications too, nice for Monday morning...
Good news - about acquisition
😉
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)