Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The study was conducted at height of fuel price spikes,, probably anticipating furter rises. Things are and will most likely continue to ease.
And then there is Copper... price just now, $9,810 mt $4.45 lb, long may this rise continue.
Yes that was said at the GM, basically big co's need to show inventory on books chance for future development, as other resources are depleting
Hmm....
I am hoping they are fending off, (in the nicest possible way) all thos daily calls, "can we buy it now before the price goes up".
NTM,
Nope, been enjoying steamed Pomfret and a nice ripe pear. Still holding strong, why would you think it was me?
Better to do it when cheaper, can send more across for the 20k, with more to gain in theissa
Depends who arranges them, normally brokers do at very near same price?
Within next two weeks, we should receive the first, quarterly payment from Manica, I truly hope, that we have also received the balance of the 3.325 M to bank, and then kick start some positive sentiment. I sinserely hope the board will fanfare this with an RNS, to update on how much is in the coffers, along with a series of follow ups to explain the plans and progress for each of the projects.
At the moment things are plain 😴
To be fair, Colin explained at the GM regarding sharing cost of the geo's, saying each co basically paid a part of the salary, so relatively little cost to each Co, ie knowledge of 5 for the price of 1, words to that effect. Sounded a good deal really, just hope we are going to get our fair share of the work, rainy season coming to end now, let's hope April brings on a flood of news.......
From GM, I got impression we will get substantial news April, before then possibly an additional licence in Zambia, (or elsewhere sourthern Africa), may pop up
Frim GM, there are geologists already on the ground, sounded like they were camping rough, mention of black mambas made all a bit like indiana jones. Also likelyhood the holes will be much shorter, 120-180 m. Sounded like there would be 12 holes targetted in the 1st phase?
There was deeper reasoning, analysis of previous exploration, new ways of looking at those results, and things seemingly being in a straight line.
From what was said at GM I am expecting after analysis of historical data, by (April / May), drilling should get underway, most likely in southern part of the donut shaped sector, as historical artisan workings are evident there.
Few attendees, 4 or 5 reassuring, hearing from Colin directly, added some context to the reasoning behind the 'sale' and what we have in Zambia.
Expecting a limited drilling campaign based on historical records, (target info mid April, ?) artisinal pits, once rainy season is done.
Plan will be to evidence resourse and sell on.
There seem 3 small mines that will come on line fairly quickly, not costly to set up.
I guess we will have RNS later to tell us the motion was carried.
Bush Ranger still very important asset, that it not forgotten, sort of thing majors want for inventory, regardless of wheter it will be developed or sit idle, seems there is an exit strategy from AA, that is not too expensive.
Surrounded by big players, but others not already with assets want in on the action.
Colin has ears of many, and team in place very competent.
Anyone else takeing the time to attend GM this morning?
I really want to hear more about the small scale prospects, to see how when these will create cash flow, and at what cost.
Jdau,
On HL website you can register to attend the meeting and or vote the shares that you hold. Log in to your account using HL website. ‘View shareholder meetings’, from there you can give instruction, I imagine other brokers offer similar facility.
You can vote on line too, certainly via HL, and would imagine other brokers allow the same.
We just have to hope he has all the answers at the GM
Anyone else planning a trip to the GM?