Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Excellent indeed .... however they still need to raise £300k & still need to relist before I'll consider what to do with the shares I've thought were worthless for years .... see what happens next but a promising turn of events 👍🏻
The investor presentation is worth a gander ....
Certainly looks like it .... Looking to raise £300k for a gold prospect in a 50/50 JV .... just goes to show it ain't over till it's over .... see what happens next ...
https://herenciaresources.com/
Unless we get something tomorrow (which would be late IMO & I doubt) I suspect our mysterious investor (& my suspicious mind is working overtime!) will have fully divested long before there's any chance or need of exposure....
....so should we take from that, that you are of the opinion the providers of the Mezz loan have declined to allow a further drawdown (currently costing around £100k per month) that surely would have been preferable to the very heavily discounted raise, or there wasn't even time to draw on that it was SoOoOoo urgent .... that could be telling also !!!
I hope we do find out the who this single institutional investor is - otherwise I might begin to think something even more fishy's going on if it turns out it could potentially be a fund manager who's exempt from disclosing .....
...the point is we don't know & we don't know .... so you're correct no one on this board knows (well unless EV Bull is Kian of course 😂) because we haven't been told ... so how else do you want or expect someone to respond to your post 😜
Reckon the answer to that might lay in one of the two exemptions below ....... !!
Market maker Exclude if holding less than 10%.
Investment/fund manager Certain managers can disclose holdings in UK issuers at higher initial thresholds of 5% and 10% (and every 1% thereafter).
...can't remember that being recited after the 'unpublished' webinar either .... but of course you're absolutely correct that cautionary gives them carte blanche to write a load of unsubstantiated, unsupported BLX claptrap .... 🤣
....indeed @ TC .... the point being though that when we originally got involved in this there was clearly a complete lack of awareness & knowledge about what was required & timescales .... & Instead of addressing that ignorance with caution statements were made that were unachievable & unrealistic or even BLX ..... bit like saying that Sonora & YANGI had a potential $200M value for us or we're not consolidating, or raising at this level.... 😂 .... although whilst we're down here I could be tempted to dip further into spare funds 😀
..... announcements like this always remind me & make me chuckle when I recall the commentary from the original Amapa RNS ....this paragraph specifically 😂:
"Given the nature of the asset the capital costs are estimated to be substantially lower than would be normally associated with developing a similar sized project from scratch. As the project restarts operations, it is hoped it can move rapidly forward to revenue generation by Q4 2019, and to see the mine fully operational in 2021."