Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Dribbles has another new username and PI100 still here beating the same drum. Some things never change.
Well done all genuine holders. Always nice to see a big rise. Hopefully one day ncyt will provide some amazing news.
Base Jumper, it was spoken about on here a few months ago. It was just speculating at the time as the scoping study was based on $100/t. The spot price at the time was floating around $100/t so I think most at the time would have been happy to accept a $100/t 3 year deal and lock in some guaranteed profits. Not so sure I'd be happy with $100/t now. Not with how the future prospects look. Every addition $10/t is approx $10m EBITDA/pa extra. Recent positive trends certainly give us a stronger negotiating position.
I guess without the share incentives the bod would just plod along not really caring whether they deliver or not. Here's me thinking those 6 steps were pretty much nailed on. If we get the mining license then we will naturally get first iron, and if we get first iron then we will naturally export 500kt, and if we can export 500kt then we'll naturally export 1000kt. Most of those 6 steps depend on the mining license and let's face it, if you can't get a mining license for Han**** in WA then you probably shouldn't be anywhere near the profession. Agree with Smaller on this one. Just a give away. Hope I get a bonus today for turning up to work. I'll see what the boss says and let you know.
Not sure about this line:
Should there be a change of control in regards to either IOCA or the Company, the shares will vest immediately
Am I misunderstanding or is that an incredible incentive for the board to want control to change. If it does, they get the shares immediately.
It hit 3.07 which was my first buy and then dropped almost as soon as I bought and never looked back. I know cos I still have those particular shares and not planning on selling until I at least see 3p again.
My understanding is that $15m is the initial capex with the other $15m required further down the line. I suspect by the time the remaining $15m is required we'll already have everything in place to make a loan a viable option along with possibly our own cash generated from initial iron ore sales.
Myavian, there comes a point when you reach the end of the road and the can can no longer be kicked any further. The end of the road is fast approaching. UFO will either make it break. I'm backing UFO as I think it's more likely to make it.
This, combined with the continued advancement of the Han**** iron project towards production in 2023, positions the Company very well for shareholders to benefit from near term cash flow from production as well as making significant new discoveries in this highly mineralized region.
First time I've heard them band Munni Munni in with Han**** as being near term cash generative.
Nothing in here that I expect to move the SP today but another step towards the long term plans.
Just reviewing the last few rns's and really like the below comments:
"The high grade, low impurity nature of the DSO material from Han**** means the Company is highly confident that the product will be highly sought-after and expected to receive a market premium."
A market premium! Great to hear.
"High potential to extend mine life for several decades"
Several decades? They're not talking years, they've seen enough to be talking in decades. Again, great news.
Also expecting most of the below to be concluded in the next 6 weeks (before Xmas)
Ongoing work:
Planned activities from the IOCA development team for the next reporting period:
• Award preferred status for key project packages
• Secure Utah Point tonnage allocation following indication
• Water bore drilling
• Finalise offtake agreement and funding
• Further resource drilling
• Upgrade JORC Resource
• Finalise approvals and permitting
Lots of potential for the SP to be well north of hear come Xmas. GLA
I did try several times to explain that the exclusive rights started immediately, the 60 days starts when the finance model has been issued. We are still awaiting the finance model as far as I'm concerned. The model would certainly warrant a RNS. It will come but I did try to manage expectations but a few on here misinterpreted the original RNS which now leads to disappointment.
Considering the macros I'm more than happy that we've come through still profitable and an increase in cash position to $8m. That's great news. Already $16-17m revenue contracted for Q4 so expect another profitable quarter. Just needed to batten down the hatches during this volatile market and keep doing the day to day basics. The bod appear to be doing a great job. The market will settle eventually and when it does they'll be a very healthy climb back to new highs. Patience required in buckets.