Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I sold my holding at a small loss.
I like the company but now have some concern about the negative developments happening in the sector.
Shortage of chip sets.
Shortage of fuel and price jump.
Now magnesium shortage:
https://www.mining.com/eu-in-talks-with-china-to-avoid-catastrophic-impact-of-magnesium-crunch/
Lucky for the company, it should have managed to raised enough fund to get through this tough period.
There are negatives about the companies too:
Setting up a new production line carries some risks.
The company is still loss making, the big increase in headcount and administration cost will accelerate cash burn.
New contracts revenues are many months away.
Brexit will cause logistic issues.
Delay in closing new deals will give competition chance to win the deal back.
Furnace consumes lots of energy, fuel shortage and high price is a concern.
China, the biggest EV car market with top class R&D and manufacturing facilities has the capability of develop competing products. A country capable of developing some of the world most advance technology, stands a good chance of achieving
this if it sees the commercial potential.
etc
AIMHO, please do your own research.
https://www.power-technology.com/comment/spain-nuclear-power-phase-out/
Updoo2,
Why change of name, new posting account?
Is it your way to start a new fairy tale dream?
I think you did right. The old dream was several decades too long, costed the dreamers lots of money and gave them too many nightmares.
Hey buddy,
I just can't get it, may be you can help me out.
So much talk, so many due diligence, so many failed JV attempts; if the resource is so fantastic, why China never bother come buy it for a song? They could have bought it with pocket money, why not?
Off topic - Take a look at SCE (surface Transform), British company with great potential.
China has been researching thorium reactor for a long time now, prototype working, plan for commercialisation is in place, with backing from Chinese government it stands a good chance to succeed.
China is the only country actively building more new uranium reactors, close corporation with Russia means that China will source most of uranium from Russia, the top uranium producer in the world.
EU as a whole is anti Uranium reactors, USA is all talk little action.
Short term demands from existing reactors will drive up price,however, there are lots of negative factors that may impact long tern prices.
Spain /BKY has only a short window opportunity to get the mine into production and make some money. If the BKY fiasco dreads on and EU and USA sit on their hands and not building new reactors to replace the expiring ones in coming
months and years, uranium demand outside of China will diminish quickly.
I am a LTH for many years, the latest development may finally push me to make the difficult decision t o take a hit and move on.
https://www.livescience.com/china-creates-new-thorium-reactor.html
Updo,
Glad you are well and still holding onto your KLG founder shares.
Are you sleeping with them under your pillow? I admire your stubbornness.
Evergande is the 2nd largest property developer in China.
If collapse, will impact Asian economy, mining companies and metal prices.
Updo,
Within the frame work of China's newly introduced "common prosperity" policies, IMHO, China will not rescue
Evergrande. Bursting the unhealthy property bubble now is better than letting the developers and speculators
carry on endlessly making a bigger bubble, causing more severe damage to the Chinese economy in the future.
Let the company business collapse, take over and use it to build affordable housing for the ordinary working population.
Sorry for off topic.
https://www.thebusinessdesk.com/northwest/news/2083796-surface-transforms-awarded-20m-us-contract
Since AEG had no cash to repay the CLN, the only way for the CLN holder to monetize the loan note was to convert them into shares then selling them in the market.
AIMHO.
https://www.berkeleyenergia.com/wp-content/uploads/2016/12/161201-FCW-Berkeley-Now-Courting-Chinese-Investors.pdf
Now we understand why China wasn't interested in any JV deal with BKY.
The market are littered with cases like CNE, time will tell whether BKY is another one of them.
Like you, i play safe, will reenter when permit granted and knowing more about how fund be raised to bring the mine to production.
Latino,
As said, just my humble opinion.
If you think I am deramping and the share is bargain, now is a good opportunity for you to increase your holding.
Go right ahead.
Brox,
Convertible loan was initially issued at 50p in August 2017, later reduced to 27p due to project delay.
Very likely this will be reduced to around 10p or even less, shareholders will be diluted to small percentage soon.
Calculating the value of the company is complicated by 2 factors:
1. the company has $65m of Oman convertible note , plus options
2. without the government permit, the uranium has little or no value.
If the share price goes lower, Oman Investment likely renegotiate the equity conversion price to $10 or lower, conversion at such low price will mean diluting other shareholders significantly.
Legal action against government is both costly and consumes lots of management time, fact of matter is - the legal process will drag on for years and government stands better chance to win.
Another question needing answer is - will the anti mining Spanish authority takes similar action to stop other on going mining projects?
Unless there is a compete change of government mining policies, its very risky to invest in any Spanish operation.
Just my own humble opinion, please DYOR.
Execution risk is low.
Reasons:
Years of R&D, similar products comprehensively tested both by car makers and customers on roads.
High price and low volume, much easier to carried out thorough QA/QC.
No computer parts, readily available raw materials.
Long lead time supply chain.
Most importantly, good and experienced management team with clear execution plans.
Sufficient working capital.
I can see delay in new contracts due to trade frictions between China/USA, negative pandemic economic impact and shortage of computer chips slowdown car production.
Play it right, becomes brand of choice, grow steadily.............................success is inevitable.
AIMHO.
https://hardman-co.com/p/49CL-FNI/join-our-webinar?dm_i=49CL,12N8W,6CM8PL,4VKXJ,1