Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"Noticed the sycophants and Rose coloured glasses brigade aren't out in force championing this latest update."
Noticed the lame-brained 'disilutioned but continue to hold' brigade are dissecting this update for any hint of negativity ๐
"they gave no reason why there was the delay from September. I would conclude that September was just hope and a guess."
If you read the Morocco update on 12th Sept, they reported that the team were on ste installing the new pump, and it would be tested early October
"It is sown to Quadrise to get this fuel agreement agreed."
From the July presentation:-
'Prepare MSC Leandra, finalise 3rd party fuel supply and associated agreements, permitting and fuel supply equipment' are all listed for Q3 2023
Again, where is your evidence that QED are holding things back?
HF14 "the fuel agreement is holding up the trial and under the framework agreement QED are supplying
the fuel."
From the business update RNS in May:-
'Discussions with third party fuel suppliers for the Proof-of-Concept and Letter of No Objection trials on board the MSC Leandra are progressing positively.'
Maybe you want to write this down, 'third party fuel suppliers'
"Anyone who bought in the last six months was a mug for not heeding my words."
Illuminate33 bought in last month at 0.9p but according to you he's a mug
Better to post nothing and be thought of as a fool than to post like you do and remove all doubt
"MSC must be very frustrated that Quadrise are holding them back in starting these trials."
Please explain how you reached that conclusion? I thought it was at least a tripartite agreement, but you assume QED are the bottleneck
"They must be loosing patience with Quadrise mind who can't seem to organise anything at present"
Surely it's a collaboration, effectively entering new territory for each company. I'm sure MSC are just as committed as QED are, but it can't be easy convincing a refinery to disrupt it's production schedule, just to enable a 'trial' to go ahead. Especially given the history of the Maersk betrayal and how we and CEPSA we're shafted. Right now our company needs the most support and tolerance we can possibly show, otherwise we might as well just sell up, and dream of what might have been
"Big mistake mateโฆ.."
Why? He bought in at 0.9p so he's in profit. Whether or not he makes the big gains he's hoping to make is yet to be proven, likewise it's yet to be proven to be a mistake, big or otherwise . . .
We were trading at about 40p during the dizzy days of the Maersk POC and LONO trials many moons ago. Since then we've suffered approx 100% dilution, so you could argue that a similar situation with MSC could return us to say half of that high. But of course a lot of disappointment has followed since those days, and many potential investors will be waiting for firm contracts before buying back in. However, the potential is still eye watering, so a couple of decent signings will (in my opinion), start an upturn that could still give the patient holders a very profitable return, especially from where we're sitting right now. Oh yes, and if that were to happen, don't expect any of the doom merchants to come back on here to admit they called it wrong, not a single one of them
"They simply must make a move to defer salaries or implement a salary swap system so that the cash runway is extended."
And the key staff leave for safer jobs just when we need them the most
Get a grip, now is not the time to mess the employees about