Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
With $1.75 million at hand and currently
profitable, they are under no pressure to
raise money to complete their expansion
they can be patient to get a decent deal for
shareholders.
Deisel only 3% to 5% of costs was also welcome news, feeling more comfortable now with my
holding happy to just sit back and see how this
unfolds.
Just listened again, to the latest proactive interview,he said when the MRE is released the market will realise the orebody will support a mine larger than 24000 OZ a year and when they have ticked the boxes on the 24 000 OZ a year they will look at a further expansion.
He seems confident but Caracal have always
been about trying to pump up the share price,
with extravagant claims, still hold 10 million
shares currently down £22 000+
Still hopeful but not as confident.
I would be surprised if there is a RNS tommorow
But the running order is out for investor
magazine, Caracal are second up, interesting
to see what Robbie says, not that it means
anything.
The two big opening trades are buys
Let's hope "cast in stone" means something
We are told they have been funding exploration
out of cash flow to the tune of $300 000 a month,
now they have finished drilling the hill, they no
longer have to drill for the immediate needs of
the business they could suspend drilling for 6
months, as they own the rigs and employ the
drilling team they could rent out their services
cheaply to cover the costs of the employees.
This would be a saving of $ 1.8 million over 6
months to put towards the commercial heap
leech,which is low capex and they can build
themselves pretty much moving earth.
The above are my thoughts,the company are
talking about moving to other targets immediately, personally if I need money I look
for savings elsewhere.
In the one of the recent interviews, I think
with IG index, he made it clear to get to
24 000 oz per year, it would cost money and
funding options are being explored, so clearly
they Can't self fund it,also there is the issue of
the 1 million dollars/equivalent for part balance
of the other project.
Robbie made it clear he was reluctant to do a
raise with the share price languishing down
here but did not rule it out.
Its hard to see the share price recover until we
have some clarity on the funding, as a raise is
usually done at a discount to the prevailing
price so this creates downward pressure.
For me a royalty may be the answer but unless
they have goodwill from the other parties in what
ever funding route they choose or they can get
bank funding,they may end up getting a poor
deal for existing shareholders,beggars can't be
choosers and all that.
On a positive note on 24000 oz a year they could
be looking at profits in excess of £10 million a
year or our current market cap with a long mine
life, undeniably there is possibilities for a decent
rerate in the share price,but caution has to be
the watchword here.
As I understand it that for the completion of
the sale only.
5 000 000 and 6 060 000 for a total
of 90 k ,I guess it must be mickey's
top up
https://www.lse.co.uk/rns/GCAT/delivering-on-east-african-gold-strategy-8wtm6vwy4qnyjl9.html
as per the RNS on completion $750 000 payable
in cash and $3 million payable in shares, they
are due to complete imminently ,shame they
cant pull out and concentrate on Kenya
Giving away $3 million in shares on completion
on the east Africa deal is going to be painful
at these levels
"they have"
Headder AISC includes admin costs and I don't
think they will be paying tax for a few years
currently they retained earnings of minus £18 million
on their balance sheet
In November when the gold price was around
$1800 oz the sterling price was around £1300
today with the dollar price at around $1810
the sterling price is currently around £1480
you have to take in to account the strength of
the dollar, anyway we await the operation
update
Into the 70's now 0.75-0.80p definitively would
not want to be raising down here at a discount
but each to their own
I hope if they have not got the full funding for
the second milling circuit they have the sense
to put it on ice ,rather than commit to money
they have not got and stick to 1000 oz plus
200 oz from the heap leach (per month)
which would would give 14 440 oz's over
a year, with an AISC of $1100 the middle
of the stated AISC in the recent interview
the heap leach would be less.
If gold was $1800 if would be a profit of
14400 x $700 = $10 080 000 or £8.3 million
at current exchange rates.
Committing to money you have not got in
the current climate would be foolish in the
extreme ,lets hope Robbie was telling the truth
about the AISC.
Hi magnum, I like the location Kenya, the fact
its a stable country by African standards, I
like its a Christian country as well.
I like the fact as far as I am aware the there
is no free carry for government ?
I especially like the fact the processing plant
is connected to the electricity grid so you
don't have to worry about the diesel price
as much.
Robbie McCrae was also unequivocal about
the current AISC in his interview which was
low and is the main thing, so the more ounces
they produce the lower it should go.
I have acquired 10 million shares at an average
of 0.916p since yesterday ,I got in cheaper than
the last raise, I am assuming they know more
than me, so that gives me some comfort.
I can personally see a path to to 1.5-2p and
limited downside from here. so it seems a
reasonable gamble but I guess you can never
tell ,because with all these little miners you
are betting blind and taking at face value
what you are told, I guess the fun starts next
week one way or the other.
Headline gold price does not tell the whole
story at the start of Feb the DXY was trading
around 95.5 today its up to 100.6 so a 5%
appreciation of the dollar at the same time
dollar euro gone from 87/88 to 93 again
around 5% appreciation ,the CFA is linked
to the Euro so you can probably add on
$50 -$80 dollars to the headline gold price
for the purposes of Hum
Bushy according to Barrick Gold the AVE
price of gold was $1877 in Q1
https://www.barrick.com/English/news/news-details/2022/q1-production-sets-barrick-on-track-to-achieve-2022-targets/default.aspx