Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Over 3m of these little suckers now.
Grades consistent with what was known so wasnt expecting any great shakes in SP either way today.
What was interesting in the Oriole presentation yesterday was the highlight that 'IAMGOLD exploration earn-in agreement covers the entire license'. Work currently ongoing at South Fare. Madina Bafe is only a small slice of the pie.
Cash as of 4/2/19 1.5 million. Not counting the half mill on the way. If I was nervous holding this share, this presentation got the juices flowing again. Fare, Dalafin, Bibemi and Wapouzi all look like tremendous assets.
Dcat I think it is ridiculously cheap so think along same lines. Sitting on 2.8m at roughly 0.42. We all know a placing is coming at some point during the year but Tim and Co are putting our money to good use so far. Even if we were hit with a placing soon I think value will be added by Bibemi trench results. And if Iamgold open the purse it’s boom time, big cash injection and naked shorts closing. Happy to ride the waves for 6 months or more and see where this ends up. Solid management, bonanza grades, JV with mid caps, plenty of meat on the bone here.
A quite boring possibility is that someone has seen an opportunity elsewhere and they have panic sold.Most of the block trades after this are actually buys. Normal market mechanics. Nothing to see here, should bounce back. Will matter not a jot when IAG buy Dalafin.
Just released - further resources at Diakha, Siribaya, 10km from Boto. This project looks increasingly likely to be advanced and any value that can be got out of Dalafin will only add to that value. I’m strapped in until this all plays out.
Another 25% rise and I break even
had to sell some to free up cash, only small profit. 2.5million will carry until Boto/Dalafin story unfolds. IAMGOLD to get get mining license Q1, decision to mine H1 from memory. Results from Dalafin drill meantime. Anything half decent will add value to Boto.
And then theres Bibemi Bonanza grades, ternching results Q1 also. Wish I didnt have to sell those today.