Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Because its another Ian Middlemas scam...check out the Board of the spinout. Its almost the entire SO4 Board including Matt Bungey who is being investigated for not helping the administrator with the SO4 unwind or somthing like that.
Perhaps this Richard bloke could do the interview. If he's pulling the strings in the background maybe he could explain why he bought in (and subsequently bulleted) Pete Taylor, Bill BG and now Rod.
Potentially lots of nickel, copper and PGM's in Scotland. These guys won't be the only ones exploring up there...
From yesterday's announcement...
'Previously, revenue was also generated from the sale of apatite concentrates (17-19% P) produced from the tailings stream. While the PFS indicates potential apatite production of 210ktpa, no sales have yet been included in the financial evaluation. This product also contains elevated rare earth content'
I just don't understand investors who play the junior resource sector, that obviously think they are smart, who then complain about raising money to advance projects. Do these investors think drilling, met testwork, studies and permitting are all done for free ?
Here's a quote from the Investopedia website, 'The Alternative Investment Market (AIM) is a sub-market of the London Stock Exchange(LSE) that is designed to help smaller companies access capital from the public market'.
I'm new to this forum, how do I filter out clowns ?
Unfortunately, this stock is being pushed by the Shore Capital analyst...given his track record in Sirius Minerals I just can't take anything that guy says seriously. As I understand it, he's qualified in medicine not mining...pretty obvious given his lack of mining knowledge.
Oh...I forgot to say that I'm also looking forward to seeing the analyst report from Shore Capital's Yuen Low. He has been soooooo wrong about this stock. At least the analyst from Liberum decided to bail out and join the corporate side....apparently he is now running IR activities in Australia for none other than....(drum roll)....SO4.
He obviously saw the light...
If only this had come 2-weeks ago...ho, ho, ho !
What an absolute debacle, but not a surprise. Anglo have a history or buying what they perceive to be 'World Class' assets...see Minas Rio for iron ore and if you go even further back they bought into Andrew Forrest's Murrin Murrin nickel project. Hilarious.
As for SXX...as someone posted earlier, the BoD are willing to support a deal that values the company at almost a 75% discount to the value of all the equity raised for the project so far. But that's OK...Chris Fraser walks away with £6m, which would at least be a small uplift on his original purchase of the asset.
I suppose we can all look forward to reading Myosotis' posts where he will surely do a number of 'cut & pastes' from the company's offer documents...that always added value :)
So long SXX suckers...
If I'd have been a share holder, and not a short seller, I'd be looking at putting a class action together. I'd certainly be contacting the FCA and asking them to investigate the history of the company's promotional activities and management statements.
I doubt he ever was in SO4.
This is a great opportunity for SXX holders to make back some of the money they have lost...switch into SO4.
If my memory serves me right, I think Fraser's original purchase of the project cost him about $3.5m...so he's probably doubled his money along the journey (on top of a massive salary for almost a decade). Seriously, I know him, he'll be laughing his head off at this outcome...he doesn't give a **** about the retail investors.
Another Aussie broker, Euroz, has initiated on SO4 recently. This has two implications. Firstly, more investors getting exposure to the story, which is obviously positive. Secondly, that the bankers at Euroz have been given the heads up that there is an equity raise coming and they are chasing a piece of the pie.
The latter probably explains the poor share price response to the offtake news release. They've also gone a bit quiet on the IR front.
This weeks announcement is very positive. These offtakes are top shelf. They also complete the last conditions precedent for the Taurus debt facility.
The progress of this company over the last year has been amazing...the polar opposite of Sirius.
Eccles...what a crock of ****.
None of the directors have any history with Wildhorse Energy. This was a recycled shell.
Don't spruik b/s.
Very disappointed by the lack of buying from retail and LTH's since the 'big' announcement this week. Get that price up so I can short it again...
No doubt the Shore analyst will come out with another report with a ridiculous valuation just to ensure they are on the ticket for the next raise. Someone told me his background was actually in biology...perfect background for mining research.