Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I met this woman who kept padding her bum when we talk, what was she trying to say? I am an ass hole of she really fancy me? :-))
I absolutely disagree! PA is doing an outstanding job, if he rein himself in and stop repeatedly talk up the share, he is almost A1. BKY is long term, anyone want fast bucks, suggest look elsewhere. When working on deals, no one can guarentee success, only try its best to get it done! AIMHO!
PA has little respect for BB INVESTORS!!!! How wrong he has been!!! Did SP go up every time he gave a presentation? Did his audience bought many shares? Answer is NO. The poor guy tried his very best to talk up the SP, I am afraid he is barking to the wrong group of people. Give us the "funding news", the BB WILL BE BUZZING TO LIFE, little guys like us will send the SP FLYING! :-))
The real deadline is can the company achieve production beginning of 2019? I not worry even delay to later part of 2019. :-))
Calm down buddy. For those of us who decided to hold long term, a delay here and there, does it really matter? I am not greedy, always maintain that even I get diluted 100 - 200%, I will still in profit comes production time, not worry. Only those who insist on multiple gain loses some sleep. That's said, I am sure I make good money with this baby if I don't count the days waiting. :-))
The counter argument is, as the largest consumer of uranium, it's not in CHINA's interest to see a sharp price rise. I never come across a CEO not positive spin, CAMECI no exception. I see the recent dividend increase as sign of weakness. I won't jump in blindly, there are better choice of bet elsewhere than shorting CAMECO, as said it will be a fun bet at the right time to test my theory. It's like correctly picking an outsider to win a race and regret not place small wager on it.
Interesting debate, thanks! If the spot trading mechanism is to improve spot and narrow the spread btn spot and long contract price, that may even put more prsuure on companies surviving on high value LTC. If spot is more readily available, then less demand on utilities to tie down on LTC. Spot goes up faster rate than contract price, means greater uncertainty for high cost producers. Last 10% KAZA cut caused a small spike in u price, how bigger cut KAZA need to increase spot drastically? Large reduction in output require putting equipment under maintenance and cutting work force, is it practically feasible in country like KAZA? Many producers need $50 to break even, not an easy number. Lowest cost miner calls the shot, specially it also the main dealer in the game! KAZA factor is key. I will wait for BKY fund sorted, if condition is tright, will place small short on CCO, may lose a small amoun if wrong, but will kick myself if I do nothing. The fun things about share trading is guessing correctly! :-))
Camco share price is currently supporter by: World class asset Regular dividend Investors bottom fish World class asset worth little or no value if they can't be minded profitably. Another coupe of lose making qtrs, no more dividend? What will the debt lenders do if company loses the tax case? The situation can turn bad blink of eye. Once BKY sort out its funding, if it manages to secure good enough deal, I will look out for good time to open short on CAMECO - only a small fun bet to test my theory. :-))
KAZA 40% Other combined 45% Secondary 15 % Interest to see if KAZA happy to cut production hence losing market share it worked so hard to grab? No certainty KAZA can or will succesfUlly IPO in such poor market. What can stop KAZA increase output once the IPO is done? Interesting time ahead, :-))
Once the kaza set up spot trading, as an internationally recognised trading platform, IMHO, it's impossible for Trump to ban utilities buying uranium there. KAZA is not dumping uranium, it just trading it in an open market along side with many other uranium producers and buying. Free market!
Not many commentators pay enough attention to the important role that KAZA as a major producer can play in the sector. KAZA sitting on a large proven asset that cost less than $15 to produce. It grab 40% of market flooding the market with cheap uranium and responsible largely for the current stockpile. It can if it wishes, continue to over supply the market, keeping price low or even drive it lower. It is setting up a spot trading market to control and wholesale its uranium and lowering the need for the utilities to commit to LTC. If uranium price fails to reach $40 - $50, 80% of producers cannot survive once their high value LTC expire. As 80-90 % of utilities are fully contracted till end of 2018/2019, with plenty of excess inventory readily available in the next couple of years, there is little chance that the uranium price will go up drastically. when there is doubt of survival, it diminishes their ability to re negotiate extension or signing new contracts with utilities, doesn't make sense to enter LTC with producers that may go bust anytime, right? The future outlook for these producers are bleak, it's likely that over 50% will disappear in coming months and years. The frightening thing is, if the KAZA so wishes, it can do serous damage to its main cometitirs like CAMECO, a negative outcome of the Canadian tax court case may be an ideal opportunity to impose lasting damage to the company. There is positive talk about Nexgen, but it finances it's mining activity by tapping the stock market or long term debts, it takes many years for a new mines to come on line, what happen if KAZA decide to keep uranium price low for few more years? The desimation of the sector will continue, bein the only and largest low cost mine in Europe, BKY will not only survive, it will prosper under the KAZA regime. AIMHO! Post it to upset few Cameci and nexgen Bulls, :-))
The latest presentation was over attended, Mansour bin zayad Ah Nahyen ans his entourage queue hours to get in, it was suggested in the meeting that the company will JV to build a state of art training ground, it was believe the only euro uranium mine site wil help energise its players. PA commented after the meeting that the suggestion help tout some sparkles into,the same old same old....... :--)) Ho saw the presentation a resounding success, plan is in place for more same old same old in coming days, months and years.......... :-)) He will becoming a professional lecturer soon! All in my humble joking opinionated fake news!
A bet is a bet, win or lose depends on outcome of events. I placed the bet to avoid cap gain tax, have enough money in account to fund margin call even SP falls to 5p. Confident that SP will go up given time, as long as I don't close, it's just like another share I hold for long term gain. Average about 49p, at one stage approx 13k up, now about 6k down, as said, these just paper gain and loss until I decide to close, my intention is to hold till production and review, so not hint of concern here!
Unless PA has some thing new to say, soon or later, he will be presenting to an empty audience! Who in the right mind will bother to listen to the same old same old? :-))
We are just all human, when we found a good husband/wife/partner (BKY), time to look elsewhere for someone better for whatever good reason. Sometime it's less risky to stick to what you have, if you do find better, go for it! I do same even if my wife goes radioactive!!!! :-)))
KAZA played major role in weakening its competition and strengthen its stranglehold in the Uranium market place, it consider right time to further control flow of production, utilising its soon to be established trading platform to maximise profit from its vast lower cost asset. In past years KAZA flood the market with cheap uranium, its competitions continue to produce at much higher price supported by high LTC signed years back with the utilities, over production given rise to excess uranium stockpile. KAZA continue to be the lowest cost producer, since it achieve its market grab objective, it considers the right time to scale back production to help to restore some normality in uranium price. It's widely expected that as long as uranium price stays below $45, many of the existing producers will not survive when their LTC ends. This will definitely help to deplete stockpile and adding more pressure to moving uranium price slowly upward. Unless cheap Minnie prospect are discover in coming years, as long as the uranium price stays below $60, no investors in its right mind will start a new mining project. So it's most unlikely we will see any reasonable size new mines come on line in the next 10- 15 years. While the whole uranium sector in turmoil, the number of new reactors under construction continue to oncrease and the trend will strengthen with time. Most utilities are fully contracted till end 2018, they can't sit on their backside and wait and see forever, so sometime between now and end if 2018, these crowns will come out of their hiding and do some talking. The food gate will slowly open and the flood will follow. New technology will play an increasingly important part in the future, advancing technology on small modular reactors will improve its safety features, reduce construction time, lowering cost and make thr technology commercially viable, hence adding the need for more uranium supply. Once in production, BKY will the largest producer in Europe, a steady state of 4m lb of uranium p.a for a minimum of 12- -14 years, potential to extend mine life through continue exploration in existing mine site, generating cash flow in excess of €100m 2 years after start of production. I agree with some here their concern about share dilution, my view is even with a 109% dilution, I will still be extremely happy with the capital/income potential that BKY will offer to me in coming months and years. I got a bit fed up with PA going around giving the same presentation repeatedly, raising investors expectation unnecessary, why not just shut his mouth, head down get the funding- dilution or not - get to production, we can start to calculate and enjoy the fruit of our long term investment! AIMHO!
If I have waited, I couldn't have bought at 27p, so who to say the Sp id not going to go up bit more before the uranium price goes mad?
Long term, this is a very solid investment. The problem is that PA non stop talking up investors expectation. Nice if he can just put his head down and get everything sorted. I am not greedy like some, as long as I can make a profit, doubling my investment in 3 years, I am doing well. I am in at 27p, most likely it will get pass 54p in next 12 months. Some argue that they can buy elsewhere and make more money, good luck to them, I am not clever like them, so I am content with my gain. :-))
The Fox, You must be keen to see PA pull some new rabbits out of his hat during his presentation, not repeating the same old boring message again and agian! :-))
Have no objection to trade share to make a profit, I do sometime. I simply fail to understand the logic about " not to invest now because of possibility of fund raising and dilution"? When people traded shares in past 2 year, was it not more risky to buy share at that particular time, if anything, the mining project has progressed with time and it has derisked more along the way. If people trade shares on peak and trough, fair enough. Possible fund raise and dilution? Put a smile on my face. The company needed far more funds in the past than now, he must be super courageous to buy in then? :-))