Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Its like Schrodingers Cat - the only way you know if its a buy or a sell is to try a dummy trade in 1 million.
The 3rd Tranche can be taken at any time.
The overhang of the 3rd Tranche of 12million shares (Shard facility) might be a factor in limiting the price rise.
They should have a REX issue, like Emmerson (on8th April) , so we all could have bought at 0.38p.
https://www.lse.co.uk/rns/EML/rex-retail-offer-qk9rstdu5dvbf3j.html
Global Sustainable Minerals already have a 20.1% Shareholding and 5.9% Exposure via Warrants as a result of the Share issue RNS - 8 April 2024.
LT - Lets assume that you were a large shareholder (not invited to purchase shares at 0.38p) in the latest placing - would you not be inclined to vote against Mr Hawthorn ?
I think you will find (on the Emmerson Website) that Global Sustainable Minerals already have 20%. This is now 26% because of some kind of derivative exposure.
My thinking was the unexpected additional fund raise might be the reason for the delay in signing. It being best to keep the two things separate.
Lets assume the EPC signing occurs tomorrow, and as a result the share price rises substantially. Would the GM vote (on 13 May) allow Mr Hawthorn to get his shares at 0.38p ?
Another factor might be the General Meeting on 13 May 2024. It might be necessary to delay the signing of the EPC until after 13 May 2024.
Perhaps the signing date is to be co-ordinated with the Government ?
Its ironic that the Nickel price was up over 4% on Friday (now spot is over $19,000, Dec 27 Future $21,700)
If fresh water is in short supply, even grey water will have competing uses (e.g. irrigation), so will need to be used as economically as possible.
https://science.howstuffworks.com/environmental/green-science/gray-water-reclamation1.htm
The plan is to use Grey water. But even Grey water supply must have some limits. So there should be no need to use fresh water anyway.
The new Khemisset Multi-mineral Process cuts water use by 50% as it removes the need to inject (wet) waste back into the mine.
If there are any doubts about why concerns over water use have delayed the ESIA award, and why EMLs updated plan is such a game changer, this recent post by the BBC makes the point.
https://www.bbc.com/news/world-africa-68665826.amp
Swazers - I hope you bought lots of EML in the REX offer as a result of your charts ! - If it works for you that's great.
Don't expect anyone else to appreciate your efforts. It is important to Do Your Own Research - that way we have no one to blame but ourselves - if it all goes wrong.
We should get Quarter end 31 March 2024 numbers soon (late April). But really we are waiting for the EPC signing and the details of the new plan / EPC costs before end June 2024.
This stock has the potential to jump in price dramatically on news. So dealers in the Australian market (for example) won't want to be short even for a few shares, but they will work an order.
Only cash in the bank will satisfy the auditors. Far better to issue shares than a "death spiral" CLN.
Another 55,000 sold at the same price at 12:37. Maybe orders from Australia or South Africa ?