Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Seingred, they haven’t got NSR and $15m for $2m… Look at the JV terms and the amounts spent to achieve each phase. Around 30 holes were drilled at Apta, which saw the best ones being 23m @ 17.4g/t, 60m @ 9.6 g/t. Around 10 holes at Pepas with the 150m at 3g/t from surface. 150 staff were on site at Anza for a fair old duration, extensive field work was undertaken which we will soon see first hand when Anza handover is completed. The drilling was much deeper when the majors were here than Orosur will drill, keeping costs down for now. Excellent information about the turn around of assays from Brad yesterday, 3 day assays, holes drilled approx 5 days, 30% cheaper costs. I often wondered how Collective were releasing assays every fortnight. Looks like Orosur will be taking the same routes. What a different a day makes. There’s no doubting Anza is a top, top prospect, in one of the finest gold regions on the planet ‘ The mid cauca belt’ It will finally be exciting to hold here again once the drilling restarts amongst a ever rising gold price. With only 210m shares in issue this can move very quick, I’m sure many more will jump in here before the end of April. The share price sat around 7-8p as no drill rigs were on Anzá and negotiations were ongoing, the majors then put Anzá into care and maintenance which dropped the share price to around 4p. I would be surprise to see it back up towards 8p before the big news lands. Good luck to all. Especially to all the long terms here who held through thick and thin and added as the share price dwindled. We should now get the deserved profits.
What price are you ramping upto to bail golden car, I’ll try and get it there single handedly so you race off to the next stock.
Raising and dilution is part and parcel of exploration, if exploration is going well and the share price is rising then that’s good. I think they’ll find a partner to help fund to be honest.
Whoever’s made that Golden car account wants some fist.
3.30p Paid. Bet a few gutted they jumped out early this morning with a small profit.
I've been adding steadily for the last few weeks Johnstoneo. Hold a fair few now in different accounts. Happy with my holding and the future looking bright and much clearer after the webinar now.
Market Cap currently £6m, cash at bank £2m. Just got back 100% of a project which has had $30m plus spent on it.
Wow sounds very good. Drilling starting in May, drilling costs are now 30% cheaper than before, shallow holes than before into Pepas each hole taking 5 days to drill, assays back in 3 days. Much faster turn around and we know regular newsflow is what keeps the share price up and volumes moving.
Presentation tonight according to Twitter Art. Yes, they'll be no delay in starting exploration. The whole ball will be in Brad's court, no excuses now. Like others have said, the majors wanting payment when in full production shows they see this likely. Buritica one of the worlds largest, ultra high grade gold mines next door is producing up to 9 tonne of gold per annum.
Johnstoneo, yes I 100% think drilling will start in May. Previously Brad has been at the mercy of the majors, that won't be the case anymore. He'll not want to waste any time on Anza as when we inherit the full project, we also inherit the license fees that come with it. Gday.
The fact is, Anza is coming back 100% of it for zero upfront cost. Current cash at bank is 40% of the current market cap. A raise has recently been done, the first in 3 years so non due. Anza is a top project, in a top region for gold. Drilling will start in May. $30m plus spent already on exploration. Webinar tonight from Brad.
What do you mean by that Islandgirl? The NSR and cash payments upon $15m payable upon meeting ‘certain production thresholds’
Meeting certain production thresholds, so once / if Anza becomes a mine then they will start paying the majors back. How many years away will that be. Here’s hoping Orosur do pay the $15m back as it proves Anza will become a viable mine. I think we’ll see something in the terms stating the majors can buy there way back in further down the line, again this will show Anzas potential. I’m here for exploration on Anza, Pepas the walk target will be drilled starting in May. Previous assay being 150m @ 3G/t from surface. Once drilling starts and Anza deal is complete then hopefully we see some recovery in the share price.
Starbright, have you read the RNS?
"After such a long period in abeyance, we are excited at the prospect of reassuming ownership and control of Anzá at this time of buoyant gold prices and heightened market interest in precious metals. Most importantly, the structure of the Transaction whereby all consideration is deferred and contingent upon production allows us to immediately direct our resources into the ground."
Funding, extensive field work findings? Chicken, tried finding Orosur group on telegram and people from there to no avail, could you message me on telegram? Cheers
It says by end of April and drilling in May. I think he may have overshot it with this so for once it will come early as the pens poised made out it was very close, obviously he’s took heed of frustrations within that.
Well there it is, Anza coming back for zero cost. Should be within a month. This RNS makes the pens poised look even dafter now, pointless tweet.
In my opinion, once we get Anza back which as Chicken says had in excess of $30m spent on it, two areas drilled Apta which is estimated to be 2m oz plus. Pepas looking very good, the same or more and from surface. £2m cash at bank. I personally think £5m market cap is a very good buy for investors.
A legal wrangle with our largest shareholder… That'd go down well, it would signal the end for Orosur in my opinion. Pens poised signalled terms are agreed and the end is near, I wouldn’t worry about any other outcome now than Orosur getting 100% of Anza back.
Anza will be back in Orosur hand fairly soon, pens poised spoke for itself, by beginning to mid April I reckon.
Phone broke, just got a new one and got telegram back on new phone but all groups have disappeared. Tried searching for the Orosur one but no joy, so I’m out for now hence why I ain’t been on for the last week or two.