Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hurst10 / Lilarch - You need to register on the Cap A website - button at the top "Sign up to HOTW". You can then access their morning notes on their research portal. Link is in there in the daily "Hot of the Wires" note on 1st page under "Upcoming Campaigns". All meetings virtual & presumably subject to a level of screening by Cap A to get an invite. It does say "post trading update roadshow" or at least did yesterday. GLA
Great interview with Gil. Just sounded so confident and Eco have come such a long way from a few years ago. He's the guy who has Mayfair on the monopoly board and you will be paying a very high rent if you want his land!
I've had to pull a few funds from here in the short term but will be back. Namibia sounds a v interesting longer term play. Any Guyana sale and I think Gil will want to go after Namibia with a big partner and replicate the Guyana success. Hopefully news of a farm out soon.. Not the inept Tullow this time but a big boy with funds to drill multiple wells in a year and move quickly like Exxon have next door in Guyana.
Huge value here.. Can't believe this is 130s. For any newbies read the latest Broker report. £17/ a share fully derisked. Half of that is c£8 where I think the buyout will be then onto Namibia.
Gla
Queens on a Q 7 2 board & you are all in the flop after action. You should be rinsing the table. No card can hurt you on the turn. You are waiving away money with the nuts going all in .
Shows me you have no clue what an earth you are talking about with poker or stocks.
That is true if you have no idea what you opponent has by the river.. much like your lack of research on this stock.
If you hadn't looked at your hole cards your right the maths is ok. but you do & would have folded based on your opponent
You have missed all the tells to hold this stock :-
- Directors marketing the company around the mining & UK press (With Big Bankers on no fee no sell)
- Palladium at 3:1 at MT makes this the number 1 pure Pall play in the world (& cheapest to extract)
- This was £10M market cap 2 weeks ago.. crazy we missed out. It should have been £100M at base. Given the recent uplift we would be £500M now & no one would bat an eyelift at these valuations to $2 BN. IT WAS hugely undervalued 2 months ago as Dmitry says they didn't market the company properly until now.
Its residual value for WK was always 3p/sh but the AIM market didn't see it. MT now must be an extra 15 so c18 is my conservative estimate
Flanks At KT add multiples to the project even further and take us to $ BN vals
GLA
Your poker analogy is way off & screams of someone who has no idea of EV
That's how it is used in poker. If there is £100 in the pot to win on the river but you need to put in £10 to be in with a shot, then you're getting 10-1 on your money so if the chances of you hitting the card that gives you a perfect hand is 1 in 5, you are positive EV
Not true & Can I play you heads up? What site are you on?
There is plenty of info available on Eurasia's website for any recent shareholders wavering.. I expect a few offers given Palladium is so hot at the moment & in such demand. If not though plenty of value in the Company going forward..
Last brokers note (Oct 18) is here :- https://www.eurasiamining.co.uk/investors/presentations/download?path=Optiva%2B-%2BEurasia%2BMining%2BOctober%2B2018.pdf
NPV for WK of $55M & MT $188M. Risked value of 2.8p/share, 5.2p fully derisked..
(This report was done when Palladium was $1000 (now $1780), pre WT flanks approval & more importantly just on the 2M Oz PGEs with the Additional MT flanks submission not included). However there are now slighly more shares now in issue. Looks to use a similar US/GBP fx rate.
IMO 3p is very cheap even w/o any takeover or asset sale. Especially if a dividend is announced officially.
DYOR
I do agree in general but they do have a duty to inform S/H of major developments quickly and accurately.
From 170p pre drill if Joe was a duster then where would we be.. I suggest at this SP level.
So how has the success of opening the upper tertiary been communicated by the partners? Very poorly. At least Gil tried with his director buy.
If Joe was below the last best estimate CPR for that play then just Rns that.. The market has treated it like that anyway.
They can use it & wait but not to cause a 40% decline in the SP due to the delay. The CPR post Joe would have seen us 2+. The COS on Carapa is low anyway.. Presume it's a nudge and a wink it's good. Still not the way to manage Eco's share holders. But great if it works ??
Haha, Fair play - congrats 128.
See what Gil thinks on the 12th off all the profit takers post Joe.. Risk is always your SP doesn't rerate when you need it.
Easy now to laugh but I would rather the value was in my SIPP rather than in Tullow's vague plan for their blocks.. Carappa irrelevant to ECO. CPR should have been commissioned & published weeks ago (& ECO pay for it). SP would be 20% higher now
I've got a stake here so hope the takeover talks are going well.. should be a big jump if all agreed.
Re the Dividend - a couple of points for some of the posters on the thread..
1) Great a div is disclosed verbally (wait for the RNS or AGM confirmed for investment decisions based on this)
2) The £50M referenced in Proactive int is in fact $50M so discount by the current GBP/USD 1.29 fx rate
3) Its due to the subsidiary (TMK) which this company only owns 80% off.
4)Its due in Dec only if the EPC at Monchetundra goes ahead so no cash in hand at mo. (bar warrants & WK revs)
5) Potential $26.5 equity contribution due to Sinostell in the last accounts as part of whole EPR. If this nets off the $50M then net to EUR sub will be $23.5M. 80% due to EUR will be $18.8M.
6) All back to Shareholders is circa 1/2p per share, Still great. gla
I'll make it a c 1/2p a share div. Still 20-25% on the SP but e
I can't see Eco going below 130 for more than a brief spikes on a slow day .
You can see LT holders almost bristling when it does & itching to sell other holdings elsewhere to reinforce the price...This was 170 pre the Joe drill which was successful.. topped 200 that day. NAV of 230p + undrilled resources (CPR & Carappa/ Namibia news to come.) There is enough prof investors with capital to top up on a gimme.. I though 145+ was a steal as did Gil. This will rerate in time but cant go much lower. gla
Thanks for the heads up. I will pop along. Gil is pretty good at the PR side so will be interesting what he has to say.
I take the point re takeout price and current SP. My view is it is dangerous to leave a company undervalued for too long. Strike while sentiment is good and issue the CPR pre Carappa. An SP at 170/180 with further drilling plans to come is far better than 130s and 2 months of no news. In fact there will be some holders significantly under water who bought pre the Joe drill which was a success.. Not everyone has the capital to hold for years and the recent sell off is a reminder of that. Gla
Lets have a whip around to get the company doing the CPR to work weekends.. Its not material to Total or QP.. Pretty important for Tullow if they want to reduce their holding but vital for Eco. SP is going nowhere now and Carapa results shouldn't hold up the CPR for our block. 2 directors buys above the current SP.. We need the CPR this week. A buyout at this low is a real risk for any LTHs.. Gil needs to sort this out
Some surprising selling towards the back end of this week. Next week is right in the middle of Gils estimate for the issue of the updated CPR.. You'd have to assume its v likely to be a significant % uplift for Eco's share of the prospective resources with the SP to rise in line. If the rns is issued on Monday pre open then the recent sellers have left a lot of cash on the table with no chance to buy back in at these bargain basement lows..gla
It's probably a little early for the updated/upgraded CPR but we are now in the range that Gil mentioned in his interview with Valuethemarkets on 18th Sept which was 3/5 weeks. The interview with proactive the next day pushed the timeline back to 1/2 months. Presume it will be by Gustavson Associates who produced the last update so hopefully given their knowledge of the prospects in the March 19 report can mean a quicker turnaround for this update.