Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
My best guess was April 19th to 26th for the Annual Reports / Asset sale update. The latter is material to everything we do, so I don't see how you can avoid saying something meaningful. I doubt a 'negotiations are ongoing' type comment would work in this situation; it certainly wouldn't for me.
Calibre now have their ducks in a row, so I can't see what would stop them agreeing a deal. The question is whether JM is in the same ball park. Maybe the Chinese are actually serious, and are also working the situation.
One thing that has become apparent is how irrelevant the SP actually is. It continues to drift up and down with daily sentiment, usually driven by people making the wrong assumptions about what is actually going on. At around 30p my sense is that it's not a way off the deal valuation point, and investors are (currently) reluctant to bail out in case an announcement appears. And we all know that an RNS could appear any day, we just don't know which day.
The boredom vs. fear of missing out trades are set to play on.
I'll continue to stay put.
Calibre is still only a guess, but if it is the loan deal closed today. With all the other cash they have coming in the stars are aligned for something to happen.
In summary, IF it is Calibre, and IF Calibre has been waiting for financing to be in place, we might hear something anytime from tomorrow.
I've been at 50p - 65p for a while, with a more recent leaning to 50p. However, with gold moving back up again (and likely towards $2500 before long) I don't think 55p is out of the question.
So, Shanghai is at $2446 while the Goldprice spot sits at $2387. The gap has narrowed to around $60. With ME tensions high this can only really resolve itself upwards.
London:
https://goldprice.org/spot-gold.html
Shanghai:
https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex
London:
https://goldprice.org/spot-gold.html
Shanghai:
https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex
I reckon they'll take a day or two to digest, although anytime after the 17th and news could drop. Assuming of course that there is a connection to Calibre. Intense speculation, yes, but we still don't know anything for sure.
Gold is back to $2360 on the Globex\Asia markets. There's still a difference vs Shanghai. If it falls again the arbitrage situation remains.
I stand corrected on that; AIM Rule 19. I think the Covid extensions have now gone, although not too sure on that. It might test the patience of investors if CNR waits until the last half of June. The next two weeks look more likely to me.
I did see this:
https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex
At $2429, it suggests around an $85 difference, and a volatile opening tonight.
I'm trying to pin down a live price for the Asian exchanges, as the commentary on Saturday morning suggested a $100 price difference between the Western exchanges and Asia i.e. an arbitrage situation. At the moment all I'm seeing is circa $2345.
Does anyone have a live price link that validates the higher prices, or has the price delta been resolved already?
It's 4 months under DTR 4.1.3. I thought it was but have subsequently checked:
https://www.handbook.fca.org.uk/handbook/DTR/4/1.html
A listing rule rather than Companies Acts.
PoG is down $50 from its high today, an inevitable correction. It remains to be seen if it's the end of it but I'm keeping my gold ETF powder dry for the time being, until it's clear.
Yahoo have reverted to 'Earnings in three days' today. Whatever the case the Annual Reports need to be released by the end of April. I don't think they will wait that long. I'm not particularly interested in last year's financials, other than the fact that something will have to be said about the sale\negotiation process. It's kind of the only thing anyone is interested in.
The mind boggles when thinking about how much the value of Condor's gold in the ground has increased. I've got to believe the the NPV of the proven stuff has to be close to a billion by now. This rapid increase in PoG may well be causing some negotiating issues, especially if the asset exit formula is tied in to PoG.
Meanwhile, we'll see how the U.S. market deals with $2400 gold this afternoon. $2500 anyone?
Not an effing chance after 14+ years. With gold on a roll (I now reckon JM is watching it as closely as we are) it would be snatching defeat from the jaws of victory. I still think there is 20p in it, possibly more if gold maintains its current momentum, and we end up with 2/3rds Calibre paper.
You can always rely on KWN to fan the flames. However, in this case they are only repeating what other gold watchers are starting to say. Some perch themselves at 10% above $2350 ($2575), while others (including Sprott) think 25% might be attainable ($2938). As ever the timeframe for achieving these levels is murky, albeit one or two have stuck their neck out by suggesting 2025.
Always entertaining though often repetitive:
https://kingworldnews.com/sprott-how-high-will-the-gold-price-soar-after-historic-breakout/
Yahoo still clung on to 'Earnings Today' despite evidence to the contrary. As per usual no one has a clue when the next piece of news will drop.
Didn't fancy $2350 - bigger fish to fry.
I'm quite shocked at how fast this is moving. At this rate we could see an assault on $2400 this week. That $3000 (within a year) I saw suggested last week no longer looks as unattainable as as it might have seemed a month ago.
Yahoo's app is still showing 'Earnings Tomorrow'. Would anyone know for certain whether they might have had prior RNS notification, or are they just guessing like the rest of us?
Today's U.S. CPI print has but a minor downer on the gold price, albeit I suspect the market thinks the FED will still support Biden by knocking 25 basis points of interest rates in June/July.
We'll see on that one. In the meantime PoG could wobble for a day or two.