Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hello to Barksy, jimb2 and other regular posters. I have not posted here for a long time as I sold out many months ago.
Kiran said that Amapa meant kdnc was "punching above its weight" and as time progresses the funding requirement
does appear problematical particularly as all junior minors are currently finding difficulty in securing credit.
I do follow this BB and may yet reinvest here-----Good luck all.
Do not recall any comment yesterday on Axis Capital Markets Ltd appointment as joint broker. This is a US$27 billion
asset company based in Bermuda and quite a coup for £6m asset ECR to be accepted.
I take this as a positive for future sp performance.
Maybe a fire sale of Danglay Project is needed to restore confidence.
According to my reckoning the BOD currently hold over 3.5million shares between them
all purchased at above current sp.
I do not think that they would be happy to write off this investment. We are all suffering
from the negative sentiment on mining/exploration companies at present.
The market seeems to have ignored the announced intention to sell Danglay [90% held]
Carrying value as at 30th Sept 2022 was £1.5m although this has been impaired in full for
the latest published accounts.
Last target for mineral exploration was 95000 to 170000 ounces at 5 to 7.5 g/t.
With gold now hovering circa $2000 [and will increase imv] this sale could net a tidy sum.
No mention here of MOU signed on 7th Feb setting up Yuan clearing facilities between Brasil and
Peoples Bank of China thus encouraging mutual trade.
China is reducing reliance on $ for international trade and promoting bilateral agreements denoted in Yuan.
Defintely positive for future Amapa iron ore sales--inc stockpiles.
If the Mexican government tore up the present licence agreement it would surely be a major setback for
any outside investment in battery manufacture.
The only outcome will have be an agreed process for development of Sonora by Ganfeng.
@daramuda you should use the filter on this bb. Makes for a more palatable read.
Just let those who make peurile comments speak only to themselves.
The reality is that since October 2021 the company has a new CEO and has changed direction.
Not sure what criticising the former CEO {RIP] can achieve.
I was given to understand in discussion with our BOD members at the last AGM that it would be impossible
to replace Gangfeng's expertise in extracting and producing the Li needed for batteries from Sonora.
The Mexican Gov needs Gangfeng as much as Gangfeng needs their cooperation to develop a mutually
beneficial national asset. Compromise will out.
A really positive interview from AH, particularly towards the end.
A good prospect of confirmation of Queensland assets and Blue Moon drilling to be
carried out in run up to year end.
Good to hear all on track despite disappointing sp to date.
I have also joined the top up club! 750k and 800k purchases today.
No ramping just remain hopeful as ever!
Important note in interim report stated that cash position at 30th June was £1.99m.
So adequate cash to see us through to well into 2023.
By then we should have PFS on Amapa and maybe Ganfeng Sonora development news.
Surely overall a positive Interim Report?
Seems to me that the basic problem for lack of interest lies with the huge backlog of assay results
in Victoria. Did I see ecr had 300 core results outstanding?
Normally we would have a constant flow of news but these assessments will eventually arive.
Lets hope they have a positive outcome.
On a different note I am sure we wil see a dramatic end to the constant paper gold sales on comex.
Rise in pog coming soon imv.
"rehypothicated"
@mentalmax your comments 11.59 are correct imv.
Supply of repothicated gold backing "paper" gold short sales is dwindling due to BIS ceasing to
lease bullion to liquidity providers as per Basel 3.
Central banks are buyers at these prices, expect speculators of paper gold comex contracts to be rinsed.
Only question is when not if.