Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Ian has been superb in guiding HE1 into this new chapter...By bringing James in now is a clever stategic move with his knowledge and expertise into the full time Chairman role (Ian was a NED) . I am sure Ian is there if needed on a call....but as Ian says this is a very exciting time and its all set up so tbh Ians work is done and it paves the way for a successful drilling campaign. Ian has been in Tanzania and the city recently helping ensure we drill soon and he still owns shares at a much higher price...exciting time the next 4 weeks!!!
There is also a non deal roadshow to get the company plans across - they are about 4 weeks or so away from spud and have cash for 1 if not 2 drills - rig cost was circa $2m and they saved 1m in shipping so a very prudent move!
They dont need funding but if they prove up a discovery they may well raise after the drill I am sure to develop the asset - makes perfect sense and exactly what they need to do.
August is shaping up to be a news rich month and by all reports coming out of the City HE1 are ahead of the game on the ground....
Bang on Cyber!
Lorna is ahead of the game and knows what we have! . Ian does to hence the mention of a 2nd well i believe. Speaking to a geoligist freind who has worked in Africa over the wkend and he seems to think they could do a shallow well/test equipment!!! Roll on next week.
Nice mention in Times to...that jornalist has been in HE1 since the start if you remember...!
Also note talk of a 2nd drill Coco!
I think they may try a shallow well as I believe this could be classed as a discovery (Ian Stalker knows how close we were before!!) before Tai is drilled....its all lining up for a really exciting few weeka as we enter into August!
Could be a move up this pm. More news could drop anyday next week! And its only 3 weeks then till Mid August, before spud that could happen maybe sooner than we think! . I believe the HE1 team are making solid progress and indications are that they are slightly ahead of the market....exciting few weeks ahead...!