Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Not much of a TA guy but I'm looking for the 6p low and 18p not to pull back more than 0.618fib and for the moving averages to be in order 50 above 100, 100 above 200 etc to confirm a new uptrend as we've been trending down for the last couple of years, also keeping an eye on the AXX all share index chart.
First milestone hit and delivered within their advertised timescale, good start for the new Ceo, a credible feed study (which this is) can now be presented to possible financers and as previously highlighted our new Ceo has 14yrs experience at Macquarie Bank financing West African mining projects, watch out for more positive updates throughout the year such as signed offtake agreements for a mixture of fixed & spot priced uranium, expanded resource upgrade as drilling is currently underway funded by Lind underwriting the outstanding AEEO options, and also uranium export license which Aura have been working with Orano to acquire, the new Ceo also previously held roles at Orano.
Tek chart has been trending down for 2 years Castle, we've not even confirmed a new uptrend yet although things are looking promising, especially when you also pay attention to the Aim Allshare AXX chart. Hopefully we go on a good run throughout this year.
Long suffering shareholders continue to suffer but I'm sure the salt listing will now be used as justification for Cliff's bonus, not that it needs justifying to anyone - he'll just pay it to himself either way. Tek's woeful performance can no longer be blamed on current market conditions, the buck stops with Gross.
Ah yes, the dreaded African continent & Mauritania where two-bit operations like Kinross run rinky-dink little gold mines that produce 15 tonnes of gold a year & 12 million tonnes of iron ore make its way across the country on the world's longest train to a deep water port to be exported all over the world.
Hope this new guy is a serious player and he can start to get Aura moving, 14 years experience at Macquarie Bank financing numerous West African development projects & previously worked for Orano funding several uranium projects.
Sticking to their timeline and releasing credible Tiris FEED study results during February would be a good start.
It would be nice to see a golden cross on the Aim All-Share AXX chart and a rally this year on UK small caps because we're overdue one, I'm now close to break even but having waited for for long I don't intend on selling too early. gla
Unfortunately "Coming good" only means getting back to break even for many now with how far this has fallen, some of us have been in Tek for years and have heard all the lofty predictions from people on here and all Cliff's talk.
And all through this disaster the Ceo has had the brass neck to keep paying himself a $250k bonus on top of his $250k salary, how can a bonus be justified when the shareholders continue to get nothing? Sp nearing historic lows & no previously much advertised special dividend.
A bit of profit taking or selling with the intention of buying back in lower, seems like a risky strategy to me in this Uranium market, talk of Cameco & Kazatomprom running low on inventory and possibly buying from spot to fulfil contracts, also there's still talk of a US ban on shipments of U308/UF6 to Russia and EUP out of Russia. Just holding myself and plan on taking up the subscription rights.
Which permits do Aura require? Their website for Tiris states "Permitting in place, Exploitation and Environmental permits in place, 30-year Mining Convention granted" What's missing? Uranium export license? Are exploitation license & mining license two different things?
Also "The Company has a productive relationship with the Government of Mauritania who hold a 15% stake in the project"