focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The issue of a fundraise could keep the SP under 30p moving forward but that is better than where we are today! Might need another £6 million to see out the next 12 months, will defo have to raise in Q2 i think and then we can move forward. I will hold off on top ups as i think the cash position was probably tighter than we realise at the end of year. Selling the BTC treasury was needed to fund the business sue to the lack of cashflow due to all of the free offers and the expanded marketing campaign. I doubt it was because they were concerned that BTC might crash. I doubt the FCA will allow the BTC jar to come back in any form. Breach of the rules for emoney companies as they cannot lend out funds to anyone which is what the BTC jar is doing. Some of these confirmed points, ie fundraise and issuing a card should have been in an RNS last week and not announced today.
This Oz lithium deposit is compared to San Domingo, but San Domingo could be 8 times larger!
https://www.ltresources.com.au/
Spodumene is our San Domingo asset. 50% price increase in Q1 forecast.
https://c.newsnow.co.uk/A/1114713863?-56510:35015
https://c.newsnow.co.uk/A/1114210588?-56510:35015
Thacker Pass owned by Lithium Americas, which is the USAs largest resource, is clays and they say they have 3000ppm and they got the number through heavy exploration. When Lithium Americas started their ppm was lower like BHL. The pegmatites are 6% at surface without concentrate in San Domingo. Kathleen Valley in Australia at 2 billion USD are 6% at concentrate from underground material (ie needed treated to be 6%) plus Kathleen Valley is a much smaller strike. BHL has stated that they can get battery grade Li out of the clay at low cost which is good. Lots of data is out there already for the naysayers if you look for it!
The Li ppm concentration at these pegmatites is north of 5000 compared to the clay sites which at best has 2200ppm. The management are clearly getting ready for drilling in San Domingo and discussing the results of the 3D modelling which ends about now, if not already. It is going to be massive!