Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hoping for good news!!
Posted by the company on the 7th December 2022:
#HUM is pleased to report that key equipment, including grade control rigs secured in Q3 to supplement the underperforming drilling fleet, are performing well at #Yanfolila allowing us to mine to our scheduled mine plan and accelerate our production for the remainder of the year.
Hi all
Looking at the HUM fundamentals page on this site, I can see that the Net Asset Value per share at 2021 close was recorded as $0.21, however, when I take the Net Asset Value on the balance sheet of 173m and divide by the number of shares 394m, I come to a NAV per share of 0.43 per share.
Can someone more knowledgeable on these matters point me in the direction of where i am going wrong.
Many thanks
Some on here have suggested that we are going to see sales agreements via an RNS - I don't think this will be the case, I think it is more likely that we will see distribution agreements, hopefully at country level, but we will see...
I very much doubt that the distribution agreements will have minimum purchase terms, but i doubt we will ever know, as commercially sensitive...
What we do know from the RNS of the 29 Nov is that GDR were moving forward with sending the test kits to selective distributors for review, we also know that they were seeking additional distributors in certain territories.
Some of these distributors would have had the product for about 2 weeks by now - is that enough time to evaluate the product and negotiate a distribution agreement? maybe/maybe not, it only takes a derision maker at a major distributor to be off sick or on holiday to slow down the process.
We also know that there was additional investment of £6m back in September - this wouldn't have been given without the backers being comfortable of future plans...
Given that the pandemic is back at an alarming rate and given the requirement for test kits, I think that this company will come good...