Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Aside from a drop in production (which hasn’t impacted the annual guidance figure and had minimal impact of production cash cost)….what’s poor about that update?
They’ve got a stock pile of V for these exact situations and have increased sales for the Q - which shows demand is there. That’s what we all cared about.
This constant narcissistic behaviour CoffeeCups is comical and boring now
Sales increased for Q1 23 which are into prioritised higher value markets. That’s the number we all really cared about given it’s that one which provides the cash/profit to address the CLN hanging over the SP.
Production down but they’ve taken the opportunity to use down time for improvements. Cash costs basically flat despite reduced production. V price held up so margins will be healthy.
Guidance maintained is important.
Mitigating techniques also being added at every opportunity to stabilise production and good to see the curtailment agreement doing its thing.
BELCO cold commissioned - look forward to some contracts being put in place over next few months.
Mini grid on site and being installed this quarter.
All in all - they’ve been busy and with worthwhile projects I’m happy they’re on the way to a steady, profitable ship
Taverham - Yes this specific intercept is deep but read the full RNS, they think there is a possibility mineralisation occurs closer to the surface at more like 550m. If that’s the case, different ball game.
It’s literally one hole….a bigger picture to put together now based on some fantastic initial results
Next Steps
The presence of steep dipping veining within the mineralised zone increases the potential that the mineralisation extends to the top of the basement at approximately ~550m below surface. For context, the Havieron deposit occurs at ~420m below surface.
Worth going back to HAD001 where we thought we were spoiled by a first drill result:
Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m, including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m,
including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m, and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m
This is an absolute beauty….and 100% owned!
We’re less than 12 months from production so once cash flow starts coming in from Havieron, it will be so much harder for them to keep a lid on the price.
I’m staying here for the division Shaun has talked about being a fan of. Paying the shareholders directly takes out the sh*ithousery being played day to day on the SP
Gunster. Assume you know how share prices work? Just because Newmont offered a 50% premium to the SP, doesn’t mean that 50% would apply anywhere else an offer was made.
The SP offer would have to reflect a sensible valuation of the assets….look at MCAP not SP
Well the Akrokeri drills aren’t too bad. High grade intercepts all for a very short length 1m or less but certainly gives promising indications to continue exploration there.
BUT these drills are relatively useless until GRL can demonstrate they have the setup in place to extract gold efficiently and economically. Right now, that’s not the case at 65% recovery rates.
Gold price is holding its end of the deal, so hopefully that has spurred the Co to spend that convertible cash wisely and sort out the Homase operation. Emma “looks forward” to an operational update in the coming weeks. Positive? I really really hope so!
Is that the same timelines at the Akrokeri drills in early Q1 2023 wasa?
I genuinely have no idea how the NOMAD let GRL get away with this sh*thousery time after time. Not to mention how the BOD have such disrespect for shareholders. Yea they are major holders themselves but regardless….comms are a joke here.
Emma has had an email from me making it very clear how I feel about all this. We’re end of Q1 and we’ve had no production guidance from a PRODUCER! One thing is for sure, this convertible cash better have been spent well, recovery rates improves, AISC improved and some damn good production guidance forthcoming!!
Correct Cindercone. BMN export their Vanadium products, a lot to the US.
Costs are Rand denominated, so the more SA plunges itself into turmoil, that reduces the cost base for BMN as ZAR weakens. Revenues are predominantly in USD so are less affected by SA instability.
Obviously the load shedding is a problem, something which BMN are trying to address. Hopefully they get the mini grid up and running at Vametco which doubles up as proof of concept for VRFB's.
BELCO electrolyte plant to come online H1 2023 which again will add further revenue streams.
Orion debt overhanging is a weight on the SP IMO, but the lower cost, increased production and current stable V price should provide profitability in 2023 to address this.
I'm more optimistic than some here. Comms are dire, they always have been but I think mgnt need credit where it is due for getting the business through a very tough few years during Covid to be in a position to capitalise on the improving conditions they find themselves operating in now.
Q1 update is a big one for me
I’m waiting to see what these chancers have been up to with the fund raise cash as they’ve had 2 months now to get their act together (where funding cannot be used as an excuse anyway)
Should be due an operational update tomorrow….
Guess we’ll find out next week what they’ve been up to in the quarterly update.
My guess is not a lot aside from imagining up some new excuses…..hope to be proved wrong and the silence is because they’ve actually been productive.
As a “producer” now is the time for them to get some gold in the coffers at these prices!
Haha we just need them to produce some gold to sell at these prices. Not give us the usual carp that “we have it but it’s all contained in the leeches still” I.E. were a bit rubbish at this stuff.
Hopefully the cash from the raise has been put to good use and they have something positive to tell us at the end of March in the operational update.
These Akrokeri drills that were due early Q1 have also unsurprisingly missed that timeline.
Have to say wasarunner I agree with you and am always wary of the “I know someone and things are going well but I can’t tell you what I know or how I know types” especially if it’s not inside info so why not share? Good to challenge these people as it does stink of a trader trying to scalp a few quid here and there!
Especially after our resident jilted lover djryans antics of the past!
Big difference between due diligence and inside info BV. There was plenty in the public domain for them to make an informed decision that they were providing funding for an undervalued business that was a strong investment opportunity.
Then a 40% gain comes which allows them to realise a portion of their loan early if converted and sold….
They have their own shareholders to think of, risk mgnt policies in place and no doubt other investment opportunities to pursue. It’s all just BAU for an outfit like HC and really todays RNS is just a “nothing to see here” moment.
CB debt gets paid down earlier reducing Avactas interest liability is good though
This bid IMO has just got the ball rolling and there will be plenty of others sniffing around.
I would be interested to see if NCM ends up being sold off as a number of asset baskets.
North America to Newmont
Havieron/Telfer maybe Rio or is the Wyloo/GGP recent partnership no coincidence?
Then there is Lihir etc....
Things could get very interesting. NCM will surely be getting this FS and DTM readies sharpish to maximise the value they put on it. That hand being forced to me is a positive step in the short term for GGP share price. Then only 12 months or so to production and FCF