Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"The end"?? Bit overly dramatic don't you think? Cash flow positive from FY2024. I agree the wording is amateurish, but it's clear the company is moving in the right direction, reducing their overheads and keeping the order book well loaded.
At these depressed prices and with improvements to come I will consider averaging down here.
Sure, pick up on that one point why don't you.
If a 400%+ rise from here is the copium you need to justify your flopped investment then go at it. I am pretty positive about the new CEO to be honest but I'm absolutely not expecting to make money back on the remnants of my 20p-ish buys!
I'm in a similar position, I sold down lots of my holding at far higher prices than now and have been a sceptic of MN and FM for some time. This is the most refreshingly honest and concise shareholder update I have seen for many years from Bushveld. It's not all roses but an openness and clear path to addressing the current issues goes a long way to making this a good investment ,at this price I might add. We're never seeing double digits again but one could easily double their money from here.
Looks to be firmly stuck in a downward trend and with volume low there is little to turn it around. The company is in no worse condition than it was 6-12 months ago, perhaps investors need a little more pizzazz and emphasis on company growth strategy. I like GTC very much but it's hard to put more money in when it's nearly impossible to call the bottom and the Board don't seem in a hurry to address the SP rot.
After such a strong end to last week and plenty of interest maintained over the weekend I genuinely think there's a 50% day to be had here tomorrow. There was plenty of opportunities for profits to be taken on Friday but the share price kept on climbing, some real strong holders in this company who will be looking for the returns that UFO so strongly deserves. Personally hoping for nothing too much above 1p on open so I can top up (post payday!) but I doubt I'll manage!
100%, even I was impressed with those grades at Elizabeth Hill. Look back at the Turner Pope research notes and you're left with a fair NPV giving a SP of about 3p, with the majority of that coming from the iron ore at Hammersley and very little attributed to Elizabeth Hill.
3p needs to be the absolute baseline for any rerate as I can see, depending on how the rest of the Elizabeth Hill results look I agree we should be looking at anywhere from 5p and upwards. The fact you can buy shares below 1p with all this to come is absolutely remarkable!
UFO has been sat in my bottom drawer for far too long. A couple of (albeit poorly timed) placings and the cancellation of the D2 buy-in have led to this being massively oversold. The assets as they were should have put UFO into the 2-3p territory, with the "bonanza" grades at Elizabeth Hill now we really need to start upping our targets significantly. It will be good to get the rest of the results over the coming weeks and see just how much of a silver behemoth we have on our hands here!
Superb preliminaries. Another great under-the-radar find by BBG, "From visual inspection of the core to date there appears to be some significant mineralisation outside of the historic silver orebody, which was what the Company believed to be the case following the recent detailed data review."
May be a while before full results but it clearly shows another area where the numpties at Turner Pope need to significantly increase their valuation of the company.
Is it not a valid suggestion? I don't really see how much more simpering defence of Mojapelo, and especially Nikomarov, can be justified. You have to go back over three years to find any shareholders in profit, that is completely indefensible. The intransigence and disinterest of the Board of Directors is appalling, and I can't see how much longer they can (or should) remain tenable.
Genuine question, from someone who has been forced to leave BMN very much in the bottom drawer and not been paying attention - when are all these SP inflection inducing activities actually going to be happening? It's been literally years since things like the Eskom tender, Lemur, Johannesburg listing etc have first been discussed, and yet the sum total of all this to date is absolutely nothing progressed. It makes me sick to think I could have sold out on the 50p spike with a healthy profit, however I didn't because we were all told that this transformative news was always just around the corner. Anyone know what NM has actually delivered while collecting a probably substantial pay cheque?
This is quite a normal process for attaining accreditation, the company will take on a compliance organisation like Lloyd's Register or BSI (who may also have their own approval, "Notified Body" or similar), they will then jointly compile the submission and liaise on behalf of the manufacturer with the regulatory authority.
What is very poor here is the lack of communication, again of the compliance organisation themselves but also of Avacta and Mologic just being prepared to sit on their hands without pressing them on approval. Do we know when the error was flagged to the subcontractor?
From the RNS:
"In addition, the Company still awaits confirmation that a COVID-19 lateral flow antigen test has passed the necessary performance evaluation. Accordingly, there are no COVID-19 lateral flow antigen tests that can be manufactured by Omega, on behalf of the Government, at this time."
Gosh, I wonder what they're waiting on for this...?
So nobody else is concerned at the wording "for professional use" around the initial commercial launch? I was always under the impression our test was to be some simple ("spit on a stick") test that could be done by people at home, schools, public events, etc?
Bella - minor point, but CA marking is to be phased in and only mandatory for the UK from 1st Jan 2022. Many manufacturers will therefore stick with CE marking in the short term and get their UKCA conformity approved over the course of this year.