Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Helpful - Yeah ML must really like it. I was hoping that we'd focus more on the Pine Mills acreage but ML clearly thinks this new acreage is better value. Will be cheaper to drill as well given we're drilling 50% less.
Yeah mate, helpful is round my house now. Working out whether we should buy a Lambo or Ferrari when we cash out our NTOG money. See he wants a lambo, but I said Ferrari is better. He might just get both ha. What about you?
Yeah I recognise the risk there with unlisted investments. Keep my eye on the price but not a buy for me at the moment.
Yeah, low valuation and macro environment. A gold producer with 80koz, an incredible land package $2000 gold should be trading at £150m minimum. You have to look at the FCF this company is going to be throwing off. It's quite reasonable to expect the company to be generating £20m+ in FCF in 12 months time. We've valued at £40m.
There's so many opportunities for us in the Tapajos region. Look at Cabral Gold, throwing up great oxide numbers. TZ next to us with a 2moz resource. There is an unreal amount of gold in the Tapajos. We just need to get Coringa online so we generate the cash to explore it properly + we'd have insane M&A potential.
Recommend this viewing - https://www.youtube.com/watch?v=bkV0t-2PyZg
This is going to go very high, very quickly, mark my words.
Sure, this selling has been going on for some time, with the figures regularly being over what you'd expect a PI to hold.
As such, it seems highly likely that given the sizes of the sells, the regularity of them and that they sold at 46p which was below the bid suggests to me that they were forced to liquidate their position. Just my opinion and of course there's no way either of us can prove who is right, but I'm confident there was a seller at play.
Are they finished? Hopefully!
SRB starting to move now. Hopefully the distressed seller is out now. If they are, and we get a steady release of positive news: Q1,Coringa License, finance, Gold price+ then with the illiquidity of the stock, this will be at £1 within a short space of time.
Hi all,
New to the share, found it today on my scanner.
Please confirm if this is correct:
Cash:£1.1m
Eco - 8,278,133 post acquisition @ 28p: £2.3m
Ratio: £9,370
Argos: £22,000
Cataleya 567,185 @ca$10: £3.4m
Total NAV Circa: £6.8m
Market Cap of WTE @5p: £7.2m
Am I missing anything off here?
Health of the company looks good, but obviously previous drills have been massively disappointing.
What drilling us coming up via its invested companies?
Thanks all.
I don't think it's as bad as you lot are making out. The people who took place in that funding in 2020 did so when the oil price was sub $30. There was a huge amount of risk with that funding. I'm surprised the warrants were issued at such a high premium to the SP at the time. I'd have thought given the huge risk involved in the funding at the time, (due to oil price) investors would've wanted a lower strike price.
April 2020, Covid had only just started (time of funding we still weren't even in lockdown) and nobody could've envisaged what would turn out to be a 2 year worldwide economic slowdown. As such, I do think that the reasoning has some validity to it as what would've been discussed in that funding conversation in April 2020 couldn't have gone as expected due to the oil price not recovering for at least a year.
Yes the dilution isn't great, however the current SP is equal to the strike price so nobody will be exercising the warrants until the price is higher. IMO, not until at least .8p and even then I still think that's low, and I refer you to the evidence on that with the .3p warrants.
You have to ask yourself the question, why would Matt extend them if he didn't see the SP going up and face a bit of a backlash from some investors. It's because he sees the SP moving north and it gives those warrant holders a chance to earn some money from the warrants. Not sure why Steel is getting so mad about it, you've lost your money fella, 99% down. But for us holders who have a nice average, this move actually boosts my confidence that the SP has much room to move higher.
Steel is such a pumper now. I reckon he's bought more at sub .4p and all this doubt was just an act to keep the share suppressed so he could buy more!
Well done Steel, you had us all there. What's say that we meet up for a pint when you have your money back. I'll buy the first one!