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CLEANTECH LITHIUM (AIM:CTL)

Price target: $295

Upside: 666%

No#1 on Canaccord’s ‘Lithium Stocks with Most Upside’ list with a price target of $295.

CTL has as three lithium projects – Laguna Verde, Francisco Basin and Llamara – in Chile’s portion of the lithium triangle.

It currently has over 2 million tonnes of LCE JORC compliant resources which are being upgraded with three further drilling campaigns underway.

Meanwhile, its direct lithium extraction (DLE) work has produced 1kg battery grade lithium carbonate, with a larger pilot plant due for commissioning Q3 this year.

CTL is well down on February highs of GBP87, maybe thanks to Chile’s recently announced National Lithium Strategy whereby the government ostensibly plans to assume control of producing lithium assets.

CTL says it will be okay, though.

“The focus of ‘majority state control’ is for assets considered to be of strategic importance to the country and therefore it is understood to relate primarily to the Atacama and Maricunga salars, due to their lithium reserves, size and very high levels of lithium concentration,” it reported April 24.

“By comparison, CTL’s assets are considerably smaller when compared to Salar de Atacama which has approximately 37% of the world’s lithium reserves.

“CTL´s assets have lower levels of lithium concentration and, while highly economic for a company such as CTL, they are not of the scale that could be considered assets of national strategic importance.”

What was a waste of time was the the woman doing the previous presentation which took 20 minutes to say something that could have been done in less than two. I was lucky to still be awake for Mark’s presentation. The question at the end about the sale process and any plan B was what we were all waiting for. I thought Mark was very upbeat about the process and its progress. The new slide he had put in making the case for the possibility of 12.5 million ozs is clearly something to show prospective buyers. It is also good that a major investor from the US had asked to join the process last week and is doing so.

4 non binding bids still in place and 3 parties have been on site in Nicaragua.

They expect to sell but making it very clear it’s not going cheap because Jim Mellon won’t let it go cheap and would continue to finance it in the unlikely event that they needed a planB.

Mark stated that the way of the gold mining world is that explorers close to production get bought by the bigger players.

He mentioned the Newmont deal where the worlds largest Gold miner is buying the third largest and this M&A at the top is already trickling down to the junior level.

Mark is obviously very limited in the amount of detail he can give because of stock exchange rules but within those constraints is able to paint a very positive picture.

We have seen a couple of new posters starting their accounts on 21st and 23rd May talking garbage essentially to each other. The usual derampers favourites about further fund raising and delay. We don’t want this bb to become like the deramping tag team that has made the advfn bb a complete joke. I will be filtering Ben Ben88 and BobDnero ,who in all probability are the same person, immediately and would encourage others to do the same.

A 325000 trade has just gone though at 30p whic probably explains why you couldn’t buy. But while the 2 small preceding trades at 30p were shown as buys this one is down as unknown. We have seen a few of these large trades recently often shown as unknown. The trend is up.

NHS app to let patients book private healthcare

Choice of treatment aims to boost capacity and cut waiting lists

Chris Smyth, Whitehall Editor

Monday May 22 2023, 12.01 am

, The Times Today. This has got to be good for TLY.

It is worth noting that the value of SEED’s investment in Avextra as stated in this week’s RNS is £4.4 million which is well above the current market cap of £3.8 million. All the other investments are in for free. The current sp is a total joke and the board need to take steps to tackle the massive discount to NAV. They should leave no stone unturned upto and including a liquidation of the company and a return of all the capital to shareholders. It is not acceptable that long term holders are trapped and unable to receive the proper value of their investment by selling their shares.

The late reported trade from 14.41 which was the last trade reported today 125000 buy at 30p explains why it was difficult to buy for much of today. So that was a £37500 vote of confidence from someone who doesn’t want to be out over the weekend. Let’s hope that’s a good omen for next week.

Barclays just offered to let me buy a few at 30p. Looks as if we should end the week back in the 30’s

CTL Up 6.8% and Number 9 on the Leaderboard on volume of 506000. Looking as if a good close to the week is underway.

Condor has issued 5 tweets in May upto 11th May. It is now 1 week since the last tweet which seems slightly unusual as they seemed very keen to keep communication going. Perhaps they are getting close to an RNS being released.

Gold stocks including CNR have been affected by yesterdays sharp fall in the gold price. The weakness in the sp yesterday and today is down solely to the gold price and is not Condor specific. The mm’s are happy to make some money from the usual negative atmosphere created by the usual deramping traders. Excellent buying opportunity as we await actual news.

Gold a little lower today and the MM’s trying to drum up a little trade as they can’t make any money on the low volume days. It has been suggested that Mark is in Nicaragua. If so one would expect him to tweet about that to keep up communications as the last tweet was on 11th May.

The tedious deramper SS should take himself off to the derampers bb on advfn.

Deals take time as evidenced by this comment in the Newmont deal :

“ After months of talks the American behemoth reached an agreement to buy back the Australian group that it spun off more than three decades ago.”

The increase in deramping activity demonstrates their increasing desperation to try and get cheap shares before the next large rise. Probably time for the filter button to prevent the favourite deramper tactic of spamming the bb with negativity and nonsense.

Headline in Times Business today:

“ Newmont digs deep to create gold mining giant with $I7.5bn takeover”

Newmont, the world's biggest gold miner, is to acquire New-crest Mining for $175 billion in the gold industry's biggest ever deal.

After months of talks the American behemoth reached an agreement to buy back the Australian group that it spun off more than three decades ago.

The deal will stretch New-mont's lead over its rivals, increasing its gold output to almost twice that of its nearest competitor, Barrick. “

The gold sector is on fire at all levels starting at the top with this massive deal by the world’s largest gold miner. This is the perfect environment for CNR to secure a sale that truly reflects the value of its gold. Good news should not be far away.

Financial Times Front page Headline

“G7 and EU to heap pressure on Russia with ban on reopening of gas pipelines”

The G7 and EU will ban Russian gas imports on routes where Moscow has cut supplies, according to officials involved in the negotiations.

The decision is to be finalised by G7 leaders at a summit in Hiroshima this week. It will prevent the resumption of Russian pipeline-gas exports on routes to countries such as Poland and Ger-many, whose supplies Moscow cut off last year, triggering an energy crisis across Europe.

It will be the first time pipeline-gas trading has been blocked by western powers since the invasion of Ukraine.“

This decision is clearly very good news for Chatiots plans to supply gas to Europe as well as Morocco.

The ignorant goon says he doesn’t know the timeframe for the 45p target. He should know that analyst targets are always 12 month targets. Just to refresh his memory of analyst targets , which he no doubt thinks are produced by fantasists, this is from the IC:

“ The 4 analysts offering 12 month price targets for Chariot Ltd have a median target of 55.38, with a high estimate of 64.21 and a low estimate of 40.13. The median estimate represents a 238.10% increase from the last price of 16.38.”

I agree with your Mexican Stand off scenario. It is why we are not getting information about the bids from the company as they don’t want to set any parameters for the bidding. I feel sure the Investment Bankers know how to run this sale process to get the best possible price. Mark dashing off to Nicaragua is a very positive sign and also works to build up tension.

Calibre closed Up 6.7% at a new 52 week high. I highlight this to show how it has outperformed CNR since the announcement of sanctions but more to demonstrate that Gold companies in Nicaragua are thriving. The people who are suggesting there is a big problem with politics in Nicaragua which are affecting gold are clearly deluded and have their own agenda.

The most likely way for Satoshipay to monetise is via wholly owned Dtransfer. Look at this from the March RNS of the final results:

“ Outside of Pendulum and its linked business opportunities, SatoshiPay owns 100% of Dtransfer which was established in 2019 as a cross-border payment solution on blockchain. The directors of SatoshiPay believe the money transfer market is primed for disruption and the launch of Pendulum is an important step in SatoshiPay entering this market. SatoshiPay plan on reinvigorating their efforts with Dtransfer once the Pendulum launch is successfully completed.

The successful incubation of Pendulum followed by 0xAmber.com (formerly: Amber.com) provides the board of SatoshiPay with confidence that they are well positioned to incubate other DeFi applications with a stablecoin, foreign exchange or business focus.”

Dtransfer is perfectly placed for first mover advantage in DeFi.

Seingred, would you be so kind as to provide full details from RNS’s regarding “mc reward has been lowered from £1 to 40p. “Are you referring to options or warrants. Is Mark being given shares at 40p or does he have to pay 40p for them.