Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
According to Sean; because you're homeless. We have seen how far your business got them... Administration. They had your business but you can't see the value in it? You've jumped the shark now. How much did MM say they spent on marketing? £200M was it? But paying say £2M for this is ridiculous, right? Targeting the wrong people? You don't need to read it - you need to see it. It's an advertising tool, not the Bible. THG is +120% YTD and yet the management are always wrong and make bad investments...
Ah, a 2nd FUDster - "What tube line do you use", asked no Londoner of another Londoner, ever. All of them Rock, literally all of them. Did you get a tube once too and not see a City AM? London accounts for around £500B in GDP, around 25% of the GDP of the whole country. Extend that to the South East, a large proportion in the commuter belt, and that is around 40% of the whole country's GDP. If some internet warrior, sitting on his sofa, in his bedsit can't see the value of picking up a ubiquitous London advertising tool being seen by the biggest spenders in the country AND the highest density of tourists, out of admin, cheap - you shouldn't invest in anything. 96.4p Wednesday morning, 105.3p now but let's talk it down as some sort of vanity project because we know better, with our billion quid companies. I'm sorry MM has made you feel bad by buying something with value, in a city of value, as opposed to accelerating your short, but those are the breaks, I guess.
Absolutely every single one who finds one on their train/tube seat. You're not from London, are you? If you can work out how to get here, I suggest you try the TFL network and see if you can avoid seeing a City AM. Provincial idiot.
It seems 16M overseas visitors come to London each year. Anyone any ideas how to target them with advertising?
https://www.statista.com/statistics/487467/overseas-visits-to-london-united-kingdom/
Reposting from @Excelsior on CEO.CA: https://www.kereport.com/2023/07/24/thor-explorations-q2-operations-review-at-segilola-gold-mine-and-exploration-update-for-segilola-douta-and-the-new-lithium-claims/
Some posts on here are very strange today; assume very few actually live in and around London and understand the reach. If you get a train/tube in and around London, whether you're a commuter, tourist, whatever, you've no doubt thumbed a City AM. If he pays £2M for it and the running costs a year provide more value than whatever other campaigns they run in London (and surrounding areas, and to tourists, who are mostly in London), it's a huge win. As a newspaper, maybe it is/was dead and losing money. As an in-house promotional tool that reaches millions of the wealthiest in the country (and visitors), it could be absolutely brilliant. It remains to be seen but this isn't some Murdoch moment where it is performed on a whim without analysis.
I see it quite the opposite way... Africa has huge untapped potential vs. other continents. Yes, there may be a long way to go but this is where 'positioning' is so important. I watched the Oil industry 'evolve' there. It's a marathon, not a sprint and Thor are putting on a strategic masterclass in Nigeria, with the potential to expand across West Africa, leveraging their leases and presence elsewhere.
Can't confirm but this article is interesting, noting Segun's/Thor's close ties to the government and the fact they are undertaking exploration. Knowing how things work over there, from personal experience, I am not concerned.
https://www.thearmchairtrader.com/thor-explorations-moving-into-lithium-following-profitable-year/
Not so much a pullback as a rebalancing with Toronto on the FX, with that listing up again today (so far). It deserves more. News and volume always well received with Thor. Want to dig into the Lithium more. They don't need to develop it themselves, necessarily. Many ways to monetise these things. Mergers, acquisitions and divestment are all potential strategies on any of the concessions. Nice to see it back over $0.35 in Toronto... I bought there a long time ago!
Welcome aboard! I'm all ears to hear more about lithium mining!
Right, who knows about Lithium mining then?
Thor Lithium Exploration
Acquisition of over 500 square kilometres ("km2") of tenure in south-west Nigeria covering both known lithium bearing pegmatite deposits and a large unexplored prospective pegmatite-rich belt
As previously announced, initial field inspection and selective sampling of key sites have returned significant lithium grades from both spodumene and lepidolite mineralisation. Sampling of part of a key pegmatite deposit that falls within Thor's tenure returned an analysis of between 1.34% lithium oxide ("Li20") and 9.31% Li20
Location 6 is the site of the largest known spodumene-lepidolite pegmatite in Nigeria. The pegmatite outcrops over a strike length of several hundred metres averaging 20 metres ("m") true thickness. The full extent of this pegmatite body is yet to be determined. A small-scale mining operation is currently extracting a variety of spodumene known as kunzite for its gemstone qualities
An initial drill program of 5,000m, utilizing three RC drilling rigs, is ongoing at our priority target - (Location 6). To date, the main pegmatite has been intersected in five holes averaging 20m true thickness over 150m of strike. Samples have been dispatched for analysis
A metallurgical sampling program is due to commence in Q3 2023
KLSO is interesting as their SP isn't reacting as fast as THGs yet they may be seeing more upside based on holding CFDs in addition to their ordinaries. But the spread is wide and it looks somewhat illiquid. I'd probably favour a balanced exposure if you're long THG.
Great stuff!
that's interesting... a 46% premium to the previous 170p offer makes far more sense, putting apollo around 250p, exactly where it was indicated it needed to be previously... hence mm then closed the door due to governance/other issues. but, the article is clear in its wording. either the journo is wrong or apollo took the **** and wasted a load of time and money.
For ~95p? Have a day off. Can believe it happened, wasting everybody's time and can see why MM slammed the door shut on them. All the good news that has come since... we'll be there under our own steam in days.
If I click the "SEDI: THX" link in the THX chat on: https://ceo.ca/thx - It looks like that is saying Segun bought almost $2M of shares at $0.29. If that is correct and I am not misreading it; that's a hell of a vote of confidence.
Simple answer is... no idea on Lithium mining! Would be interested in hearing any thoughts from the board. Clearly it is an interesting and valuable space but one I haven't got into the last few years, despite the growth.
https://www.proactiveinvestors.co.uk/CVE:THX/Thor-Explorations-Ltd/rns/1317353
Lots of good stuff in there and some nuggets (deliberate pun) for the future:
- Gold production for the Period totalled 20,629 ounces ("oz")
- Mill feed grade was 2.95 grammes per tonne ("g/t") gold with recovery at 94.1%
- An increase in mining rates and the mining of higher grade ore zones is expected in Q2 2023
- The main operating units of the process plant continue to perform better than expected
- The plant is operating above nameplate capacity
- Identification of a new high grade quartz vein system..[at] Segilola... including 1 meter ("m") at 10 oz of gold per tonne!!!
- Senior debt facility reduced to US$27.9 million as at 31 March 2023
- Repayment of all outstanding EPC invoices
- Net debt of US$25 million as at 31 March 2023
- Production guidance of 85,000 to 95,000 oz for 2023 maintained
Not so good:
- All-in sustaining cost ("AISC") of US$1,346 per oz sold
- Cash and cash equivalents of US$4.5 million as at 31 March 2023 (Q1 2022: US$6.3 million)
However, we seem to be at the top of the "AISC guidance of US$1,150 to US$1,350 per oz", so I hope that infers they do expect this to drop. I'd like to hear more of a plan to address this as I suspect this is the reason for the recent drop in SP. Assume a lot of the Segilola extension and Douta exploration costs are in the calculated AISC, so that is an 'investment' into the future, which is what we need to extend the mine life.
Cash, well, I am a bit 'who cares' about that. $4.5M isn't peanuts and they made "Q1 2023 EBITDA of US$16.1 million (Q1 2022: US$13.4 million)" and a "Q1 2023 net profit of US$4.3 million (Q1 2022: US$3.5 million)" so the cash is flowing nicely and debt is paying paid down rapidly. They basically have a whole quarter's profit as a buffer.
But the SP is down around 10% in the last month, with seriously low volumes, specifically in Toronto, some days. We shouldn't have days trading at a volume of 2.5k shares. Literally a few hundred dollars can change the MCAP by millions. The company needs to drive volume here and create some shareholder value. This is a small company - it does need marketing, lots of positive comms and PR. I'd like to know how shareholder value is being addressed as 'continued solid operation at Segilola' isn't cutting it, clearly. Hopefully this can be ramped up off the back of some really positive Segilola extension news or Douta strategy to come soon. Dividends look difficult now but M&A could change all that.
No idea why this converted all my capitals to lower case but to = takeover, in context, etc, etc.
The last update to this forum utterly ruined it.