Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I agree Redeyemines, this would be a great time to get the proposal out in the open if it has been submitted yet.
It coincides with what the company said about presenting it when the GoB was settled in and after Eid which has just finished.
1st Meeting of Standing Committee on Ministry of Power, Energy and Mineral Resources
I can see the headlines now..
"After an all night sitting by the standing committee, MP`s decided it must have been the curry"
Any further escalation in the Middle east will set fuel prices on an upward trajectory for us all.
The green light will be given due to the lack of Foreign Direct Investment due to the constant power outages in the country
Exactly Crowfoot, not all of them will be dilutive.
In the grand scheme of things, we do not need that much money. It is not as if we are paying for a speculative drilling campaign.
Although the company states that it has to raise finance, it has mentioned that there are people already interested in doing this.
We are still looking at setting up two further joint ventures with other companies to move the overburden and set up exit routes for the coal.
I would not be surprised if someone "buys in" to get first mover advantage and make the project more attractive.
If we think that someone has been building a stake recently, we will not have any problem.
Anyway now that Eid is over, I would expect things to start picking up.
I don’t think it will be to long till we find out Bangladesh will have to do something soon .
Eid finishes on Friday night, my guess things will start to happen from next week, starting with increased press coverage.
Well said that man...
Absolutely fantastic promotion for the company.
Just look at the comments section on how professional, helpful and informative the two guys were who came to the gate.
Good work!
My guess is before end of May.
If you look at the skill set of our new additions, it plays into the possibility of a reorganisation of the company structure including several joint ventures, each with their own project to build up, to deal with the various segments which will be required for Phulbari to be mined.
Financing is NOT going to be a problem, this was discussed at the AGM (I was not there) but has been reiterated in earlier conversations with the company.
PowerChina will not be letting this project go, talks have been going on for some time now and at Govt to Govt level.
The GOB need this project to start sooner than later as any delays will only add to the country`s problems and if you look at the article below, time and money are running out.