Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I have no doubt that this mine will be finished and will be very productive and profitable. But that is not really the issue here.
The key question is will it be finished and run by HZM and, if so, what will remain for PIs after inevitable dilution.
Personally I am down so far I see no reason not to hold and see what unfolds but this is currently an expensive lesson.
Hi Slater, I sold most of my FRES when it was over 900p some time ago - where do you see this bottoming?
I remember seeing a guy doing an Elliot curve analysis on FRES saying that there was one more big fall before it would rise sharply and for a long time - he talked about a 10 bagger from the lows by 2027 - WDYT?
Probably related to this...looks like game on!
https://twitter.com/OC7990/status/1656657785529200648?s=20
This looks like the culprit:
https://www.proactiveinvestors.co.uk/companies/news/1003806/fresnillo-downgraded-to-sell-as-cost-forecasts-are-too-low-ubs-says-1003806.html?viewSource=TwitterUK
It's not in default, it has agreed with the IMF to have breathing space and a new credit facility.
https://www.imf.org/en/News/Articles/2022/12/12/pr22427-imf-reaches-staff-level-agreement-on-a-3-billion-three-years-ecf-with-ghana
Cash? With inflation way above interest rates? Good luck!!
Licence a real issue? No, Not a dead cert? Obviously, but as near a cert as you'll get at this point.
Chill out Goolang and take advantage of these lows.
I'm still in here but have significantly reduced my position during this rise. Why? Pretty much because of the things outlined in the Seeking Alpha article.
I've been really disappointed with the Juanicipio hook-up delay. It's gone on and on and comms have been really poor.
The company reassured they will hit targets this year but that was based on hook up many weeks ago - we're in December and still no announcement of hook up. As a result I don't see how they can meet guidance.
Also the company have hardly been dynamic in addressing falling production and grades. I know they have some positive forecasts and an exploration program but they keep on disappointing. Maybe it's just poor comms, maybe it's strategic ineptitude, maybe I'm becoming impatient - who knows?
PM prices will rise significantly at some point and should trigger a significant bull run, the dollar will lose its lustre and the debt market will weaken - but is this the moment? Who knows?