Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
ARC Minerals but they haven't really got boots on the ground yet from an exploration perspective.
Yes Diamond. I do understand the allocation within the JV. I'm also not saying ARCM will never raise cash again. I'm just saying it's not planned and imminent based on my engagement, my understanding and my opinion.
Regarding the next couple of years a lot can change, including the structure and ownership within the JV.
All being well and subject to the approvals and drill outcomes any raise will be less impactful, once reflected in the price.
For now it is what it is and we all, including ARCM, must continue to wait for the process.
Atb
Last note.
Regarding share options the schedule was to pay cash over a 3 years from March 2021 announcement. What the status of that is now I'm unsure but that 3 years isn't until march next year.
They could issue the shares as payment based on a 10 day vwap of the preceeding 10 days. Given the intention was to surrender them to avoid dilution. Therefore in an event that raising new shares at a 10 day vwap next march is less dilutive than paying for the options out of capital to then re raise that capital at a discount, you'd anticipate they would preserve the capital and take the vwap option. Or extend the 3 year period and avoid dilution.
Anyway. Time will tell.
Atb
Well, you're welcome to your view Matt.
I don't personally agree with it. You've referred to what ARCM have said but they've also confirmed regarding no expectation of raising more capital via placing(s).
They also get 1 million at anniversary and further staged payments, before a final 8 million payment. Total being around 14.5million dollars cash as part of the structure aside from the massive free carry on drilling capex.
I clearly can't say with 100% confidence they won't need to raise some level of cash, equally I can't say with 100% confidence they would. But I'm much closer to the former view.
Anyway, each to their own.
Cheers. Atb
Mattk6 - when you say 'I suspect there may be a placing prior to the commencement of drilling'...
Out of curiosity. What makes you think this? The initial cash from the deal as you say is decent and AA are paying all the (and significant) drilling capex on the same licences.
Atb
If people are not invested for one day it really doesn't matter what happens here tomorrow. Does it?
Clearly tomorrow could do anything. Volatility is inevitable with a stock like this. So if you trade the volatility that's fine and maybe it's worth thinking about the intraday moves. Mid to longer term positions will need to focus on the macro view.
So I don't really care about tomorrow. Personally.
Atb
Useful context, thanks
*stock*
Not positively spinning anything.
In what way do you think ARCM can expedite the required approvals that are with the government of Zambia?
The only thing ARCM can control is one of communication, which I've said is lacking and managing expectations which Ive said we're optimistic.
ARCM did what they can control in getting the signed agreement. The rest of the ratification is unfortunately a dependancy to the agreement, but not within the control of ARCM.
The topic here isn't about spin. I have no need to spin, as what others choose to do is not of my concern. I say others in the context of shareholders, rather than embittered individuals who decide to spend their lives posting on a stick they don't actually believe in. That's a little weird, but to each their own I guess.
Atb
It's certainly not ideal to still be waiting.
Trouble is, regarding it being unacceptable, it's out of ARCMs control in terms of timescales. Clearly their is a valid point around acceptability of news (or lack thereof) from ARCM.
Given NvS set an expectation it would be good practise to even RNS that progress is ongoing and provide a bit more context. However, I personally don't think the absence of this type of comm means anything bad.
I think it's still going through and we will continue to be at the mercy of the Zambian government approvals and any deeper macro discussions between majors and Zambia.
At this stage it remains a game of patience.
Atb
Never heard of any of that. Appreciate your warning Donk
Keep up the good work donkey and co. The world would be lost without your wisdom.
P.s. bumi was a stacked pack of cards long before NnvS got dealt in. But you know that.
They seem to have the same information in all posts. Last hundred have been a copy and pasta of the same points.
At least come up with something new.
Groundhog Day!
Yawn. Clearly they are very limited in what they know and think we all want or worse need the same bore day after day.
More like goldfish than a donkey
Donkey is simply a massive ego on legs. Simple.
Bumi..blah blah
Dodged bullets....blah blah
I'm great cos I bought at X and sold at y on whatever stock.....blah blah
I'm warning others as they need my warning...blah blah
I hope you're not old Donkey as I dread to think of the state of private investors, no, the world without your help, support and quite frankly irreplaceable knowledge and kindness.
Truly. Thank you. You put the kind in humankind.
Atb
You have to look at every situation as if you don't hold a position.
It helps with perspective. If I wasn't already invested here. Would I invest now?
Otherwise the decisions are fast and emotional, it needs a more removed analytical perspective.
Honestly, If I wasn't invested already. I would take a short term position now, but medium term or long term I'm not sure. The reasons I'd invest now if I were new to KAV is (not exhaustively);
- The mcap is lower than the 6 million being raised with PB.
- PB are paying 1p, about 50% higher than market.
- They have an active exploration campaign at karakubis
- I'd anticipate a news rich period from Zim options, Karakubis, financing etc
- Share price is trading at a significant discount to historic prices and seem to have stabilised after bad news.
- They should be well financed for the next 12 months or so
The reasons I wouldn't be sure about the medium to long term if I were new:
- Sentiment is very low
- Zimbabwe is highly prospective, but is outside of my personal comfort jurisdictionally atm
- The effective loss of the KSZ and Ditau as options ATM in the safer juristictions
- High levels of dilution to date (although this would be mitigated with the in flight PB raise and potentially Zim assets)
So, I'll hold to 1p. Then assess the progress with more info at hand and determine.
It's all high risk in this type of stock. It's hard to stay objective, but important.
Atb
Yes, you're doing a great job avoiding those stocks by not investing and yet posting on those very same stock bulletin boards.
Nice one.
P.s. news flash... just because the price went to 8p doesn't mean those here paid 8p.
What explorers are you invested in? Let us know and we'll keep an eye on them for you..
Should have proof read that;you get the drift.
Bumi = already a total mess.
NvS = Stuck in the middle
Rosan Roeslani = fingers significantly in the till.
Bitter divorce = NvS ousted for new beginnings. Obviously couldn't continue in the role when he had been piggy in the middle.
The end (but not for Mr Groundhog).
Back to ARCM..
See you when the ship turns. Well probably not all of you. A fair few will be low profile then.
Atb
Pointless listening to them. Same nonsense, different day.
Donkey is stuck in a bumi hangover meets groundhog Day experience.
NvS was put in charge at the company between one of the Rothschild lot and the Bakrie brothers. Who were at logger heads. Hostile takeover attempts etc and NvS was put in charge, much to the dislike of Rothschild.
Similar to this bulletin board the arguments continued after NvS joined and it was like a playground of activity. After about 6 months in it transpired the ex-head of its Berau business, Rosan Roeslani had been (allegedly) dipping his money into the coffers. Agreed to pay the money back but said it wasn't his fault.
More shinanigans occured and NvS after a divorce settlement between to two camps.
Yawn. I imagine some of the posters now here lost a shed ton on the mess NvS inherited and I'm sure am glad he managed he found his was here as he strategically got us into these assets and struck a deal with AA.
Has he delivered on timescales. Hell no. Has he delivered strategically since ortac. Hell yes.
The share price and the story aren't the same. Otherwise the market would be a fair judge of value and no one would ever have any opportunities.
At the end of the day, the people that post doom here probably feel justified, but it's their lives to waste. Just like they lost their capital or minds.
Much easier to wait and see in a year or so.
Atb
Agree Layla.
🥱 ad nauseum....
Change the record people. It's like being stuck on hold at a call centre.
I'm assuming most of you lost a load on something bumi related and can't move forward.
While I have empathy for you all, for whatever reasons you choose to do what you do, I can't see how behaving as you do on here will help you in any way.
It adds no valuable meaning to your lives, or ours. It makes no difference to whatever the eventual outcome will be for current shareholders.
If those invested here see value and see a case to invest, let it be. You'd think.
Atb