Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It's still similar to what I said weeks back. In fact it's probably better now.
However you slice it, you're looking at maybe -30% or so at a worst case here, as opposed to maybe 250% or even more.
I like those numbers.
I keep going back to CIG and that 13p odd. Their investment was looking bonkers a week ago. How quickly sentiment can change.
A few on here said it and it's true; they must have crunched the numbers and knew fully what they were getting into.
Which suddenly makes the current price look incredibly cheap. Hmm.
Kaduval, I would expect they're already keeping a close eye and would be ready to take action if Betts goes awry now.
I was just thinking about CIG. I don't want to get ahead of myself, but if the company gets anywhere near the numbers this year, suddenly their investment looks very, very shrewd, as we'd be at least double the current Mcap and that's without even thinking about it.
I don't think anyone thinks it's a brilliant RNS, Bill. It's more reassuring than anything, I think. And nobody rushes in on this anymore because of Bett's history.
I'm not adding yet because I'm already overweight. But I will do if it dips.
I think the market will like this. Let's see where we go.
Mind you, I saw JD's update the other week. They actually improved, but not as much as they thought and the SP got slaughtered. Just shows, you never know. I can see this 10% up today.
Bushy, yes, I've just done pretty much the same sum.
Middle numbers, 182k at say $500 an oz profit = $91 million. I'd definitely take that and it even gives plenty of allowance for poor numbers at Kou.
I'm a lot more encouraged by that.
Yes, Kor.
I suppose commmercial production can mean anything, but if we're looking at 100,000 ozs anually, that implies a rate equivalent to 25000 a quarter by the end of Q1? It just seems a bit vague.
But then, I'm still digesting it all.
You're right, this is the important part;
o Yanfolila: 75,000 - 85,000 oz at AISC below US$1,500 oz.
o Kouroussa: 90,000 - 115,000 oz at AISC below US$1,500 per oz.
Equals boatloads of money.
Yan should be doable. Will Kou? That looks a big ask, given the poor start, but you never know.
Ah, yes, I forgot that Bushy?
But then I notice this;
"The Company remains on target to achieve commercial production within Q1-2024."
Has Betts back-tracked there? I thought it was full capacity production by Q1? That's certainly how I'm reading that one.
If I'm right, that's not good, but perhaps it's a sign that he's stopped giving it the biggun?
Compare this;
"Yanfolila produced 14,419 ounces of gold ("oz") in Q4-2023"
with this;
" Production: Strong Q4 2022 gold production of 28,264 ounces ("oz"), +67% from Q3 2022"
What on earth happened there?
That seemms really poor and I expected us to be much nearer the top end of guidance. I don't remember hearing about any issues at Yan?
8000 ozs at Kou is terrible in 6 months, simple. But we knew that was going to be bad. Apparently still on track for full production in Q1, but I'm not convinced by that. Bett's over-promising again?
FY-2024 Outlook
· Group production guidance for FY-2024 of 165,000 - 200,000 oz at an AISC below US$1,500, which is weighted towards H2-2024 and is split as follows.
o Yanfolila: 75,000 - 85,000 oz at AISC below US$1,500 oz.
o Kouroussa: 90,000 - 115,000 oz at AISC below US$1,500 per oz.
· The Company remains focused on material balance sheet deleveraging, which will commence in Q1-2024 with scheduled debt repayments of c.US$77 million in FY-2024, c.US$61 million in FY-2025, and the remainder c.US$15 million payable by the end of FY-2028.
· In line with the exploration strategy outlined in Q4-2023, the Company expects to spend c.US$5 million on exploration across both Yanfolila and Kouroussa, targeting near mine resource and LOM growth.
Kouroussa produced a total of 6,068 oz through H2-2023 following first gold production in June 2023.
· As previously announced, the ramp-up of Kouroussa encountered challenges, primarily due to slower-than-expected mining fleet mobilisation and commissioning, as well as delays in the recruitment and training of local and national of mining personnel.
· During Q4-2023, mining productivity increased and advanced towards the higher-grade regions of the Koekoe deposit. The processing plant continued to perform well and consistently operated at nameplate capacity, running on a 24-hour basis through the quarter.
· As announced on 21 December 2023, the ramp-up of production at Kouroussa was impacted by a fire at Guinea's main fuel depot, leading to the suspension of mining operations. As announced on 25 January 2024, following delivery of fuel to the Kouroussa Gold Mine, mining operations restarted and are expected to ramp up to full capacity levels over the coming weeks. The Company remains on target to achieve commercial production within Q1-2024.
· Yanfolila produced 14,419 ounces of gold ("oz") in Q4-2023, with a total of 83,965 oz produced in FY-2023, meeting the Company's FY-2023 production guidance of 80,000 - 90,000 oz.
· AISC on gold produced at Yanfolila totalled US$1,701 per oz in Q4-2023, leading to a FY-2023 AISC of US$1,361 per oz (FY-2022: US$1,782 per oz), meeting FY-2023 AISC guidance of under US$1,500/oz.
· During the quarter, 12,952 oz of gold were sold at an average realised price of US$1,946 per oz. At the end of FY-2023, 2,908 oz were held in inventory valued at c.US$6.0 million
spacehoppa,
remainer tv?
fwiw, i've been watching gbnews for the last 3 or 4 months, because i'm sick of bbc news talking about people doing marathons and similar, more than actual news stories. i often chuck a bit of sky news and al jazeera too, because i always try to look for balance. iused to really like the documentaries on rt too, but our so called free speech country banned that.
anyway, i'm getting sick of gbnews, because all it talks about is brexit and immigrants. i find it quite fascinating really, because i reckon that many of the guests would naturally be totally ****phobic, but at least half of the presenters are ****sexuals.
anyway, i view it as a tv version of the daily mail, with totally ill informed opinions. even that supposed labour bloke, simon danzjuk is more right wing than the rest of them and he's supposed to be the balance in debates?
it's laughable and remoaner tv it ain't.
i digress. taiwan? no wonder they're licking their lips. we'll be buying everything off them and selling nothing to them. that is nothing to shout about, if you ask me.
to try and stay on topic, what's everyone expecting tomorrow?
a good update or a bad one? i'm considering buying more today, but not convinced.
It doesn't help that foreign investors have no faith whatsoever in the British economy.
I personally think that whatever you think about Brexit, it's led to our standing in the world being seriously diminished and we're just an insignificant little island slipping down the league tables now.
Even the elections won't change anything, because it's all such a mess and it will take decades to sort out, if we ever do.
Roll on my retirement in 6 years, where hopefully I get to live in the Canaries. At least I'll get some nice weather.
NSC, no worries :-)
It's actually been recommended by lots of "experts" for a good few years and did well, but it went a bit awry just before covid, from memory.
It was always recommended purely because of the demographics of India. Last year, the country grew by 7.5% ish and as I said, that's probably going to be similar for the next few years with Modri in charge.
Anyone looking at the fund needs to be aware though, that it might be due a pullback after it's rapid rise, but even so, I think it's a good bet for a fair while. DYOR!
As for the glasses, I came to the same conclusion about 3 years ago. I've got eyes like a hawk over long distance, but I'm blind as a bat close up.