Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Setting aside Tang who I think virtually every LSEposter thinks is a waste of space and the lesser directors Davenport and Scott, there are two players Haythorpe and Jones who have been managing ECR since last April. Those two are the two who have been exploring for gold in Victoria and who have failed miserably to find gold in any commercial quantity. Haythorpe has been hand in glove with Jones in this exercise. Let's not forget Haythorpe came with flying colours from his former role at Crescent Gold.
I know not what agreement he reached with Tang when he was interviewed for the ECR job; we know that he really wanted to explore in Queensland, Did he agree to continue exploring at HR3, Blue Moon and Creswick etc as a condition of taking the job prior to moving on to Queensland? We don't know. What we do know is that Haythorpe and Jones failed in Victoria despite millions being spent on exploration.
So we are now exploring in Queensland but the interview yesterday gave little confidence of what may or not be possible or happen by way of exploration. It was probably the oworst interview conducted with Haythorpe and Jones since Haythorpe joined ECR.
What we did get was a long explanation by and from Haythorpe of why everything that may be wrong with ECR has nothing to do with him and his inability to find a commercial resource but is to do with current market sentiment and conditions. For G-d's sake, Haythorpe is a former mining analyst; it has been one of his roles in his career to know what can or cannot go wrong in a market and prepare and cater for those eventualities.
What I do know is that success and failure gets known, not just in the stock market but also within professional life. Reputations can take a long time to build but it takes minutes to destroy a reputation. I see little merit in Luca's suggestion of an EGM - such EGMs very rarely benefit private shareholders; in fact they can be disastrous.
What I do believe is that unless Haythorpe gets a grip of ECR he will go from the hero of Crescent Gold to a failure at ECR and in my view that failure will not escape the attention of the market.
A man had a glass eye. Every night he would put his glass eye in a glass of water before he went to bed. One evening he had too much to drink but managed despite being drunk to put his glass eye into a glass of water before he went to sleep. In the middle of the night being especially thirsty from the effects of the alcohol, he had a drink of water and swallowed his glass eye. When he woke the next morning, he realised what he had done and made an appointment to see the GP. At the surgery, he explained the situation to the doctor who asked him to take off his trousers and undergarments and bend over. The doctor got his surgical torch and looked in the man's anus for the glass eye. He could not find it and told the man that he could not see it. In response the man said "That's funny because I can see you".
I can see and read you Notrex. Just to remind you - you are a sanctimonious prat.
Goodness Notrex - do you the people at Novum?
Apologies Bitethebull but Notrex has been attacking ECR since he apparently took over from rxdav. For some reason he seems to want the share price lower but he says that he is not paid to do so.
Unimaginative? You have no idea about my life nor I guess the lives of other posters. To say otherwise would be arrogant. PS Tamer's posts do not educate me but I am above insulting him since I have better things to do with my time.
It has been stated before but in the 8th August RNS AH stated: "ECR's Lolworth projects continue to exceed expectations. Meanwhile we expect to report further results from our projects within a week". I do not think that the latter comment was restricted to the Bailieston results announced in the second RNS last week.
Notrex - there are in my view two key aspects to prove that ECR has turned the corner. First good results from assays or other methods. Second that if the company drills, there is a demonstrable chance of finding a commercial resource which can be successfully mined be it gold or say rare earths; this would be a marked contrast compared to years of drilling in say Victoria where to date no commercial resource has been found. i.e. bang in the form of resource for the bucks spent.
I am an investor in Rainbow and don't have shares in Pensana.
It is a very clever tactic of yours, SmartPunter to encourage Pensana holders to discredit Rainbow whenever they can - at least it gives me the opportunity to read the alleged deficiencies in the Rainbow operation. Might I say very helpful of you SmartPunter.