Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Largely agree with your analysis legal.
Will decide what I do in the coming few months. No point rash selling now. I'll sit and see.
Atb
Yes barkerman.
We were last and was a bit of a wait but apparently they will be editing and releasing 5 videos today. A sepyone for each of the 4 participants of the respective companies and a fifth of the entire conference with all four. Should be available later today..
Not sure what platforms.
Atb
No worries. Have a good day.
Atb
Bozi,
Strategy argument aside, as I understand why you have your view and which you're clearly more than entitled to have as an independent shareholder and investor.
I'm not following your maths on the discount argument though. You seem to have your calls based off the price gap between current offer around .65p and the 1p strike price, rather than working on %.
If the offer is 0.65p and the strike is 1p then the current market is at just over 53% discount. As in you'd pay 53% higher than the current market price if you paid 1p a share. Higher in the preceding days, before the small % rise in price today.
If as you say he was talking about the 1.8p (he wasn't as it was regarding the PB financing), you say then that would be a 65% discount but that would actually be 276% above the current market price. Obviously discounting 100% of the price paid (0.65p) it would mean buying a share would be 1.15p more, or 176% on top of the current market price.
I'm yet to decide what I do here, but I do agree with Legal in that I believe the PB tranche 2 is on and I see little point selling below their strike price. Irrespective of if I then decide to hold longer term or not.
If I do decide to sell it will simply be because of the strategic change in direction in terms of the jurisdictions, projects etc.
Atb
You'd think so Jeremiah.
Hold for me but if I wasn't invested already I'd be buying.
Is what it is though. Low liquidity = volatility.
Just have to continue to sit tight.
Atb
Agreed. Ultimately as shareholders we expected the highly prospective target at the KSZ to be drilled. In fact, many requested Ben do precisely that, when it was perceived he wasn't going to. No one can put the discovery into the earth. They can only find what is (or isn't) there. The KSZ has always been a high risk project with the Kalahari sand cover, no ability to use surface sampling or visual assessments.
All Ben could do was make the call to start the drill and make the call to stop the drill. He did both, and the second part very expeditiously.
Also, while dilution is never a beautiful thing for existing investors. Given the outcome on the drill, it seems it was a rather prudent risk managed approach and PB appear keen to honour it.
We've all lost capital on this at the moment, but the decisions are our own. While we must hold the management to account, we must all be objective and fair in our judgement.
ATB.
All the best metal head.
No one wanted a dud and no one wanted the dilution the financing would potentially bring.
I'd much rather be in a position from this drill to be able to reject the second raise at a penny had we been re rated after a materially significant discovery. However given the actual result from the drill, at least we've got the raise at a decent premium. Which was why Ben did the raise as a risk managed approach.
Not sure if I'll hold long term or not. Depends on the next few weeks. However I don't intend to sell immediately and certainly not below the slfinance strike price.
Atb
Not according to today's RNS. Says will finalise at previously agreed terms. So have to see.
If they wanted to buy that volume of KAV on the open market they'd pay lots more.
Dunno though. Time will tell.
Yep. Not great.
Still, it's the risk we take. Gutting. Everyone now has to evaluate if they liquidate and move on or not and when. The 1p dilution may be a blessing at supporting the shareprice a little, for new investors. Obviouslynl not ideal for the long term holders.
Atb
I anticipate loan not before azerion resolution and from what I can make out i don't believe it will cover the entire principle of any CLN.
CLN sounded nearer term. Plus doesn't look like Azerion will be in heard until at least q4. 30% chance success. Albeit the amount owed is ringfenced with a bank..
Still waiting to see how it plays out for now but it's certainly not a bad entry ATM.
F29 seems like it's already cleared through the cadastre backlog.
Now it's the MAC. The article doesn't mention that committee specifically. Not sure if they mean by end of July and that's inclusive of the MAC element.
Also, as it's cleared the cadastre and the JV are submitting paperwork, this may cont be considered part of the backlog.
Either way, ultimately it's progressing and all we can do is wait. Sounds like both JV parties are doing the necessary to get the approval and upgrades of licences from exploration to mining.
Remains a watch this space for now.
'Thanks F. Do we know how often the mines advisory committee meet up?'
No can't find anything when I looked. Sure it'll be out there somewhere.
Well there is some info in there...
'The Group has submitted three mining license applications (33402-HQ-LML, 33403-HQ-LML and 33404-HQ-
LML), over the expired exploration licenses 23004-HQ-LEL and 19906-HQ-LEL. All of the mining licence applications been approved and validated by the Mining Cadastre Department and following the submission of the subsequent requisite documentation, the Mines Advisory Committee (MAC), will meet and review the finalised LML applications prior to issuance of the Mining Licenses.'
So cadastre is done but is awaiting MAC....
Im not 100% I'm agreement with all you say but there is a lot of truth in what you say there JP.
It's really about the current drill for me. Then have to see where we are at, one way or another.
Atb
Libel 'a published false statement that is damaging to a person's reputation; a written defamation.'
Fkcapital this is literally what you do all the time.
Here is one of your own apologies, Ben had to correct you...
'Further to my previous post Ben has messaged me to say that my mention of him being a 50% owner of Teathers is incorrect and I am happy to correct that. Apologies to you Ben for that mistake. Looking at the companies house website it shows that there is no single individual with control over Teathers Financial Plc.'
But you've got form for claiming Ben and co are being deliberately misleading or worse. So if you're not happy with the above just read you're own postings. You'll find more im sure.
If you need any analytical help let me know.
You're so bright you buy 3% of a company you don't trust then after posting your lack of faith in management and KAV, you top up last week 🤣🤔
If I go with you peculiar Alice in Wonderland obsession. You're someone who doesn't think the jams coming for the sandwiches but keep buying the bread anyway. You must be the mad hatter.
Don't get so worked up. I think you're just being over sensitive. X
Atb
🤣
Oh the irony.
Night
You really don't like the shoe on the other foot do you.
Anyway, I'd love to spend more time chatting with you. You seem like you'd be a fun guy to spend time with.
Sadly I've got sandwiches to make.
Have a lovely weekend Fiaz.
Atb
🤣 don't be so sensitive Fiaz.
You know exactly what I'm talking about.
I'm big enough to take the heat. I've broad shoulders.
Almost everyone posts from a pseudonym.
Have a good weekend of hating..
Ciao
Yeah, sorry forgot having any positivity means I must be in love with Ben, or be Ben. I'll grab my pom poms.
Still, its better to be authentic and have confidence in the company I'm invested in I guess, than not.
I'd understand your annoyance at me not hating everything here if I was ramping it. I've shared positive and negative views about KAV.
Although I'm probably talking to the wrong person about that. Given you were recently given a dressing down for sharing libel about Ben.
It's okay though, I'm just a sensitive cheerleader 😜