Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes I saw. He is actually trying to pass on information ,something I have been complaining about for months.We had NO information and no wonder shareholders stopped believing Leon's promises which it seemed were never kept
Mickie
I have little knowledge of the module system.Did they actually explain the workings of the system at the AGM?
Likewise did they say that they have mastered the system.
Is it possible to try and explain the system to me
Hi Mickie
Somebody got very excited in South Africa this morning (Maybe they read the simply wall street valuation of 55p ) and pushed the share up over 7% but sellers soon arrived and pushed it down again. However I agree with you and believe Jubilee has now bottomed and with PGM prices continuing to rise I am also feeling much happier.
All that needs to happen now is that Jubilee must PROVE that they can produce substantial tons of copper and the share price will begin flying
It is pretty frustrating in South Africa to see all PGM shares except Jubilee stage some sort of recovery.
I wonder if Leon realizes just how much he is distrusted to create the company that we the shareholders dream of.
I hope some good news breaks pretty soon
Hi Edzi Mickie HD Northen Seis
I have emailed the company about reporting dates and just as they have agreed to quarterly reporting the slide in the share price will only be arrested if they set out clearly their copper strategi in Zambia as well as their PGM/Chrome strategi in South Africa..(We are guessing most of the time!) I will see if I get a reply.
If we the optimistic LTH are not sure of the time frames how much worse is the lack of news to the panicky investors who are being lied to by bushy and his ilk.
Recovery of the share price will come with greater clarity on production levels and furthermore metal prices cannot stay low for much longer. The fact that Jubilee's cost of production is the lowest in the industry will prove to be a bullish point as I see PGM company's in South Africa threatening to cut their employee numbers.
IF ONLY THE COMPANY IMPROVES COMMUNICATION.
Happydays
Share holders are showing their unhappiness by trashing the share price. In other words they are saying to Leon that they don't believe a word he is saying. With bad comms and over promising (under is so much better) I understand the frustration. The share price definitely does not reflect the potential of the company and we can only hope that the BOD has learned a valuable lesson. As promises start kicking in we will see a recovery in the share price.
Investors are a panicky bunch and that is why some investors do well in the market while most lose their money by buying too high and selling too low. In my opinion patience is now all that is needed.
Metal prices are cyclic but most knowledgeable analysts expect a rise in all metal prices that Jubilee produces to rise over time.
The main consideration for LTH is the ability of Jubilee to produce those metals.
The share price will only start rising when the sceptics are proven wrong and it is my belief that Jubilee can only reassure share holders by producing increased earnings . Production in 2024 is the most vital consideration and I for one will not worry about metal prices at present.
Mickie
Thank you on behalf of all LTH who believe in the company but the board does need to understand that interviews with Leon can no longer be the way to go .The humble RNS which has been handled so badly needs to improve.
As you say they need to hide absolutely nothing and the set out of the RNS must make it easier to allow share holders to know what is happening with all metals Jubilee are producing. Less over promising and More over producing has been proven as the best way to report.
Hi TellySong. I absolutely agree with you. The market does not believe Leon's optimism and only results matter now. It is up to us LTH to decide whether the results will justify holding or even increasing our share holding. I have run out of funds by increasing my holdings at higher prices but take some comfort that institutions are not rushing to the exits. It has been a long wait so far so another few years wait will I believe prove that we were right and bushy and his ilk are dead wrong. RESULTS are all that matters now
Yes Jonah
When taking over a company by dismissing 2 directors who I felt were not acting in the interests of the company both I and my CEO who was Terry McConnachie never took salaries until the company achieved decent profits. That applied to all board members . I believe that was why we succeeded in the turn around taking a company with a market cap of R 1.28 million to a present day market cap nearly R5 billion.
Exactly Mickie . I cannot get to the AGM but if it was me in the chair I would have far more consideration for the long suffering share holders who have heard soo many promises with a much smaller achievement. If they do achieve what they have promised and I think they will the BOD need a lesson in how to achieve trust. Perhaps it is the time for institutions to get involved and I believe a start should be made in relooking at salaries we are are paying to board members where the growth in numbers of members have certainly increased.
It is now a bloodbath in South Africa. When will the BOD learn that silence is not golden.
Hard to believe we are getting NO information at all . I don't often agree with Charles but I do agree that at the moment we are over paying board members who seem to not care that they are employed by the share holders of the company. If I get a chance I intend to ask that until they have proved what they are promising they take a cut in salary.