Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Right, so one is not allowed to voice an opinion? This is a discussion board, quit with the sarcy comments and discuss.
The first pour was meant to be in January 2021 (which understandably was delayed due to Covid restrictions). We are now almost 18 months later and first pour isn't even discussed as far as I can see.
I know things are still difficult in the wider world and the exploration scope and results is commendable but surely it is time to get the mine up and running to generate some revenue even if just in a limited way. We can't just keep burning the cash balance.
PB940 "Unfortunately, due to the structural nature of these aqueous batteries, they are bulky and heavy, with a much larger spatial footprint when compared with lithium-ion batteries."
You can stack VRFBs (not advisable for Lithium) and saying they have a large footprint when they are co located with a giant PV array is really quite laughable.
The above post is written with a lot of ire, these projects are very opaque and there are lots of (on my view) dubious deals going on with mainly offshore companies. We are getting truly shafted!
No they won't. You need to look at the planning application at Energy Consents Scotland. These two projects were consented on the 5th of January then both projects were sold on. It like the klondyke out there for lithium at the moment.
https://www.energyconsents.scot/ApplicationDetails.aspx?cr=ECU00003319
https://www.energyconsents.scot/ApplicationDetails.aspx?cr=ECU00003326
These are the two projects which went through the Energy Consents Unit and consented to on 5 January before then being sold on to Amp Energy.
You will see that both are Lithium and 2 x 200MW set ups on both sites (ie 800MW in total)
There are a number of other projects (reactive compensation) at both sites. See the ESO Data Portal.
Policy makers are really not interested, they just like the sound bites that make them look good at COP etc. The rise in gas prices should make them get their fingers out, whether it will short term who knows.
VRFBs are still on the back burner unfortunately but just need to keep working away building their order books albeit a little slower than we had hoped.
It will be a brave investor to buy into LG batteries with all the issues they are having.
$1.9bn to be paid to Chevy and I bet that is only the tip of the iceberg.
https://www.nytimes.com/2021/10/12/business/lg-gm-bolt-battery-recall.html
I haven't judged anyone, but there are a lot safer places to invest your money than AIM mining stocks.
As I said before constant whingeing does nothing, we have had a pandemic which has and is holding things back. But the company has been working away quietly building the company securing stable output, building up the VRFB side of the business, investing sensibly in the manufacturers of VRFB. It all takes time.
And for those of you who have never lived or worked in South Africa you must remember this is Africa and Africa marches to a different drum. If you want Africa to move at your pace you will always be disappointed. Chill and we will get there.