Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Anyone living in the West that have access to what we have from a million different outlets and still back Russia are complete ...........
Putin stuck in the times of Peter the Great along with the quality of his military. Russia will very soon be humiliated and it will be decades before the innocent Russian citizens can hold their heads up with pride and say out loud "I'm Russian" without being ridiculed. They can thank their great leader.
I guess we'll find out in a few weeks but it is not that clear to me. If the 60 day clock started immediately then for clarity why not give the expiry date? Why not clarify in the RNS that the model had been submitted? The exclusivity period doesn't have a fixed timeframe from my understanding. It could run on for 3-4 months if they agreed. The clock only starts when the finance model has been submitted.
They would need a revised scoping study in order to create the Finance model surely. I obviously hope you're both correct but it's as clear as mud to me. A pretty easy one for Bill to clarify.
Exclusive right commences immediately and will conclude the earlier of 60 calendar days after IOCA delivers to Anglo American an agreed Base Case Financial Model together with all necessary supporting documents or such later date that the parties may agree upon.
So yes the exclusive right started immediately. Where I think the confusion lies is when it concludes. We don't know if Bill has delivered the finance model yet so has the 60 day clock even started? We don't know. I would have thought the updated finance model would require a RNS for sure. Knowing Bill it seems strange that he wouldn't tell us about it. I'm expecting a RNS anyday now.
I wouldn't say confirmation of spudding on the 20th would be significant news. It's kind of expected by the market. As for Balcombe, yes something may develop on that front. It was just an opinion hence the imo at the end of my post.
Juels, you strike me as just another poster looking for an argument on here. Brings nothing but insults to anyone considering the WT in a SWOT analysis.
This BB is not just about how great Angs is and how everything is going to go hunky dory and that this is guaranteed money if you buy now. That's amateur and there's about 10 posters on here just like you. The rest will be more than happy to be reminded of the WT once in a while so let the ones who want to discuss the WT discuss it. By all means provide your counter argument if you're capable but leave the insults and name calling at school.
Steve, you don't need to research me. I said from the beginning I wasn't invested here neither long or short.
The 10% increase is definitely positive but without the actual figures it's hard to know just how significant that increase is. What was the total 9 week sales for 2021? Could have been a really poor sales period. Is there a reason why TM didn't disclose the sales figures? Secondly, if 10% continued for the rest of the year you'd have £1.9bn in sales. I calculate about £2.2bn just to breakeven so they really have only one option. Price increase. 10% puts £170m on the bottom line. Question is, what is the optimal price increase value that will lose the least amount of volume? Over to TM.
MH, I did include positives in my previous posts. £1.7bn sales is a positive. Covenants extension is a positive. £119m cash generation is a huge positive. It's just overall, things aren't looking great when you look at the wider picture.
JDW made £100m gross profit off £1.7bn sales. That's less than 6%. If everything stays the same then for JDW to generate an additional £30m gross profit and breakeven next year they would need an additional £500m sales. So to breakeven they need £2.2bn of sales which is £400m more than there previous all time best. They need this in a market where cost of sales are going up and customers disposable income is going down. It's hard to be positive. I'm interested to hear the other side of the coin from the long term bulls.
BJ, well the SP has been in decline for many months so it will take more than a few days recovery to confirm whether the market has turned. The SP is now back to where it was just a few weeks ago. Has anything fundamentally changed in the business to warrant a change of direction in the SP over the long term. I can't see it myself but time will tell.
Steve, far from it. First called it around the £10 mark. A poster called Woody (aka Survivor) brought JDW to my attention. I reviewed the balance sheet back then and said this was on a very slippery slope with the debt and cash balance. The biggest concern now is it's going to take a record breaking revenue year to even have chance of turning a profit. 3 loss making years on the spin. Liquidity covenants tightened from £75m to £100m. CBILS £100m due back in less than 12 months. Nothing against Spoons but everything seems against them at the moment.
MH, agree but it usually helps when the business has strong underlying fundamentals. Sales figure was great so appetite is still there but it's becoming much more expensive for JDW to keep the lights on. Liquidity is going to be tested in the next 12 months, which means the covenants will be tested too. That's not a great feeling to have as a lth here. The performance over the last 3 years is not sustainable and there's numerous headwinds to come over the next 3 years. Can JDW really start to generate a positive cash flow without dipping into the credit facility?
A strong dollar is good for any UK company with significant dollar revenues. $80m dollar revenue when translated @ 1.3 is £61.5m. when translated at 1.1 it's £72.7m. For doing nothing we've just generated £11.2m extra pound which if we were a dividend company could go into our banks so we could spend it at the shops.
Investor basics.