The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
... the only thing that really matters right now is whether this is a duster or has decent flows, lets not get into who is the longest holding shareholder contest please...
Clearly with the current Lithium price being low due to short term oversupply it will have downward pressure on the stock price, the global lithium analysts believe this will be a 1st half issue, so we can expect much help from that, I think the next news should come soon and hopefully we will have the CEOL announcement too in the 1st Qtr, each month that passes we come closer to production, it is only a matter of time before the SP responds by rising back to fair value...
While there maybe no shortage of Lithium a lot of the producers have a cost base per ton of over $8k whereas CTL is saying they can produce a ton for between $4-5k per ton, clearly they will be able to produce at a profit while other Lithium mineral miners are at a loss making level...
Sorry that was stated as lithium price of £20k should have been $20k, my bad!
Ps. according to Lithium industry analysts the current low lithium price is meant to bottom out during the 1st half of FY24 and then return to more normalised levels £20K + towards the end of FY24 as supplies weaken based on traditional mines reducing or stopping production due to not being able to achieve the same low production costs that CTL can maintain with then DLE process...
Expect RNS next week, should be the first of a number of announcements in the coming months, would highly recommend people who owns shares get onto the mailing and follow these seminars, next event will be ASX updates and next 12/24 months approach...
17:51
Well Scot just to just to paraphrase as well PANR were clear that they don't believe 10c per barrel in the ground was a reasonable valuation for their assets and they referred to a previous deal that had completed for $3 per barrel in the ground at that was with the oil price substantially below the current $74 per barrel :-)
Additionally while PANR maybe heading towards commercial production, they are not expecting this until the FY25 themselves... So it's clear that clear catalysts are tricky for both stocks...
PANR just mentioned 88E drilling Hickory in mid-February '24 as helpful to them confirming the fields viability level...
Thanks Scott will check it out, always good to keep an eye on the neighbours (even if it's just for the weather forecast :-)
Forget that, just noticed this video is 4 months old, doh :-)
Interesting Aldo says while they haven't had direct CEOL response they have had positive feedback from the Chilean Department of Mining, Treasury, ENAMI and Finance, so while this is not the CEOL it sounds so far supportive!
Just seen a new note from Shore Capitals Craig Howis has been published on Research Tree, anyone got access to this that can update the board?
CleanTech Lithium PLC ("CleanTech Lithium" or "CTL" or the "Company")
Drilling Update at Laguna Verde - 22nd January 2024
CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile, confirms the drilling of the second well has started in the recently commenced drilling programme at Laguna Verde.
Two drill rigs are now operating simultaneously with the first well already reaching a depth of 300 metres and samples being collected for analysis. The drilling programme at Laguna Verde aims to convert resources into reserves, to upgrade the existing JORC resource estimate of 1.8 million tonnes of lithium carbonate equivalent (LCE) and further establish the commercial opportunity for CTL's brine-based lithium project.
Highlights:
· First well LV07 started on 4th January and to date has reached 300 metres of the target 730 metres, the deepest target depth drilled at the project
· Second well LV11 started on 17th January with a targeted depth of 550 metres
· Two drill rigs are now operating simultaneously and running 24 hours a day to accelerate the drilling programme
· The programme has been designed in collaboration with Montgomery & Associates, a leading hydrogeology and resource evaluation consultancy
· Results from the drilling and planned pump test and reinjection tests will be reported to the market on an ongoing basis during 1H 2024
· Generation of updated JORC reserve report is targeted for July 2024
· A webinar with Executive Chairman, Steve Kesler and CEO, Aldo Boitano, will be held on Wednesday 24th January at 6:00pm (GMT) - Please register in advance here for by weekly updates
Well only a day to go til we see Paul 'wall of cash' Baay in action, could there be news, could there be higher flow rates or announcement of new price for product, time will tell...
Basically updates will come mid-February thru to mid-March, so time to kick back and smell the flowers... GLTA
Guys really, they reduced their holding by under 2% and anyone here think this is some kind of news or significant event is clearly delusional, it's virtually nothing;
4.038% to 3.963% = 0.075%
Well with rates of about 1.5% of material this looks like an intensive solution, you gott do something with the other 98.5% of material to get to the good stuff, interested but likely cost per Kg is high...
Thanks for that Cardinal3, think it is pretty much in line with my response from 15:25...
While it's good to talk things thru when it's based on very little fact it's just chat...
2 ways to play this a) believe nothing and ride the way up with no future belief b) believe the oil will flow and the stock will be rewarded long term, having been thru 4 annual cycles with 88E play a) seems the most sensible, being an averaging down person is great if your time window is 5 years but most need their returns quicker than this, suggest a plan to see up thru strength and exit price is a solid play here...
OK, so on further investigation this new material is not a replacement for Lithium but it has properties which may allow it to replace some but not all the Lithium in a battery, equally this discovery is only at the discovery stage, no industrial scale or production scale test have even been carried out. The likelyhood is this new substance which only has a laboratory name of N2116 at the moment, is likely 5-10 years from initial application, not going to effect the production plans of CTL for a while yet and maybe not at all if it's properties are not suitable for any of a 1,000 reasons vs Lithium...