Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Kingalf,
I accept that this sector sails very closely to the wind etc, but you have to question what the company / management are relying upon to keep the lights on?
Are we to see a fundraising very soon? looks it to me, IMHO.
1.0 Innovations Pathway RNS, 6 months?
https://cointelegraph.com/news/uk-crypto-laws-stablecoins-staking-six-months-report
2.0 Lord Wellesley CEO of Angra Ltd, resolution? see 1.0 above
'Lord Wellesley has been working with the Group in the UK since September 2023 and is assisting GST with the development of its borderless neobanking platform providing next-generation digital money solutions. It is intended that Lord Wellesley will be appointed Chief Executive Officer of Angra Limited in due course, assuming receipt of the required UK Financial Conduct Authority (FCA) approval.'
https://www.lse.co.uk/rns/GST/appointment-of-non-executive-director-txvowjgub923raf.html
3.0 Acquisition of Semnet Pte Ltd
‘Angra Global started onboarding customers on 1 September 2023 and Semnet's cybersecurity expertise will enable the Company to build a dedicated cybersecurity team to support client onboarding and its operational activities, including the wider provision of white-label software solutions to global money service businesses. In addition, Semnet will continue to support and grow its client base in other sectors, providing an additional profitable revenue stream for the Group. Semnet is licensed by the Cyber Security Regulatory Office (CRSO) in Singapore. Further information on Semnet may be found at: https://www.semnet.co’
This will be a major move IMHO if the deal comes off, not just for the revenue but for aiding the Innovations Pathway FCA approval etc.
‘ In its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax of approximately US$0.21 million.’
https://www.lse.co.uk/rns/GST/acquisition-of-semnet-pte-ltd-maebw8i68r0h991.html
4.0 Easysend Ltd
‘EasySend is a Financial Conduct Authority ("FCA") approved Authorised Payment Institution ("API"), conducting cross-border payment services. EasySend has a current estimated yearly transaction volume of approximately ?120 million, with 35% coming from approximately 40,000 individual customers and 65% from approximately 350 active corporate customers. GST believes the acquisition of a majority stake in EasySend would assist with growing the customer base for the Company's existing GS Money activities, in particular Angra Global, and provide access to additional technology, including EasySend's mobile terminal technology. It is intended that EasySend's founder and management team will remain with the business and that the 40% minority holding will be retained by EasySend's founder.
For more information on EasySend please see: https://www.easysend.pl/en/about-us’
The sooner the better given revenue of presumably $120M?
Completion of the Acquisition is conditional, inter alia, on final due diligence, the entering into of definitive sale and purchase documentation and also on GST obtaining approval from the FCA for the change of control of
Can't be that long now re acquisitions?.
I’ve been looking at the current AISC for Telfer as reported by NEM.
NCM reported that for 2023 it was $1,663 /Oz. Primarily because of NCM cost and Revenue factors etc.
Page 14
FY23 Performance
Telfer’s lower gold production in FY23 was driven by lower mill throughput and
lower grade. In November 2022, the Newcrest Board approved expenditure of A$214 million
(~US$150 million) for the West Dome Stage 8 (WDS8) cutback. The cutback
underpins the continuity of operations at Telfer, with the mine now expected to
continue operations into early FY25. (3) First ore production in WDS8 was achieved
during the December 2022 quarter with mining rates in the cutback performing
above expectations in FY23.
AISC of $1,633 per ounce was higher than FY22 primarily due to lower gold sales
volumes, a lower realised copper price, an increase in production stripping activity
relating to WDS8 and additional costs relating to inflationary pressures. This was
partially offset by higher copper sales volumes and favourable FX movements.
https://www.newcrest.com/sites/default/files/2023-09/230921_Annual%20Report%202023_0.pdf
Fast forward to NEM’s recent NEM’s Outlook and Performance Update, Feb 2024 document issued last week now has an AISC of $2,470/Oz , see pages 29, 35
https://s24.q4cdn.com/382246808/files/doc_earnings/2023/q4/presentation/Newmont-Q4-2023-Earnings-Presentation_Final.pdf
Questions for me at this moment in time.
I thought SD has always reported / suggested in GGP reports an AISC cost of somewhere around $863/ Oz or thereabouts?
Obviously it all depends on throughput the price of Gold & Copper etc.
So if we were to take on Telfer, how long might it be before the AISC is below a $1000/Oz?
This will surely impact the profit per Oz Au/Cu sold and timeliness of paying down GGP debt and thus the GGP SP.
What do you reckon?
Page 24 of the below report & accounts for 2023 is very worrying indeed for an investor in OBD, IMHO.
£8.81M of staff costs and general and other admin costs, against a revenue of only £0.51M????,.
WTF is going on?
Let's hope OBD don't go bankrupt!
https://d1io3yog0oux5.cloudfront.net/_efb7f8378fe4585144cf305da3613a9a/oxfordbiodynamics/db/2616/24473/file/5473_Oxford+BioDynamics+Annual+Report+2023_Final+proof+%28web+version%29+%281%29.pdf
Good Article by Charles Archer
Why do some CEOs remain silent as the share price tanks?
'Management teams often have a good reason for keeping quiet, even if investors don’t like the share price movement that results. Marketing only works at the right points in an investment timeline — and sometimes for reasons investors are not privy to, it’s best to keep quiet.' ?????
https://investingstrategy.co.uk/stock-tips/why-do-some-ceos-remain-silent-as-the-share-price-tanks/
Bunky,
I read on here today by at least 2 posters, that contracts for Telfer staff were to end in June 24. My question would be. Where did this come from? what links exist to support this statement? What happens then?
Would Telfer be put into a state of suspension until such a time that ore from Havieron was readily available?
If the above were correct, then should we ultimately be successful in procuring NEM's 70% share (Given GGP's last right of refusal under the JV agreement?) at a true value cost of 99% discount (As SD has referred to in the past,ie he would offer a $1 for Telfer) given the decommisioning liabilities.... what might a final settlement price be?
I would hope in all seriousness that would be no more than say half a billion $.for both assets??
At the end of the day, this could lead to a bidding war and that unfortunately will only increase the cost of purchasing both Havieron/Telfer.
Just my thoughts, lets hope it works out to our favour.
Exactly Whistler!!!,
What an absolutely 'Pain in the Kneck' he/she is.
Zero, Zilch, Nada, research.
Time you gave up posting on here 'Pain' unless you have got something that people actually want to read.
Not interested in what you think about AHS nor QBT, so keep your posts to the appropriate forum!
Here's another reminder of just how brutal and desperate Putin is.
All of course because as we all know , he is scared of any Opposition to his autocratic brutal regime.
Putin has remodelled himself on his accoylatytes like Stalin and Hitler, so truly desparate to cling onto power and control of the poor trodden down raped Russian populace.
The Stomach-Churning Things Stalin Did To Gulag Prisoners. It's in his blood and mindset.
https://www.youtube.com/watch?v=U5kNMQfCIAE
IOT,
Be interesting when you get a reply to to your question. Have you looked at Linkedin or asked SD directly, get yourself down to the upcoming TH meeting then and fire away.
Personally, I couldn't give a Tinkers Cuss, maybe SD had a gap year or two, so what?
Best of luck in your research, I'm only interested in the here and now as indeed you should be in all honesty.
Here's one for you Billy :O)
https://cointelegraph.com/news/uk-crypto-laws-stablecoins-staking-six-months-report
On the plus side.
'Back in 2022, U.K. Prime Minister Rishi Sunak pledged to establish the country as a “global crypto hub,” highlighting the need for crypto firms to be able to “invest, innovate and scale up” in the United Kingdom.'
On the downside.
'The U.K. is getting ready for its general election, widely expected to be called sometime in the second half of 2024. The country’s Labour Party, expected to be less sympathetic to crypto, is leading in the early-stage polls.'
Whatever the outcome within the next 6 months, the UK urgently requires a boost to output and GDP and for us mere shareholding mortals a nice boost to the SP?
Moved on since then Nero, check the RNS, 30/06/23
'As an alternative the FCA have offered the Company a place on their Innovations Pathway programme, an initiative designed to support financial services firms in launching innovative products and services, which the Company is pleased to accept.'
https://www.lse.co.uk/rns/GST/stablecoin-update-s38074juxj7f0v1.html
One for you Pompal, are you a Russian agent? I guess you must be?
https://www.youtube.com/watch?v=b0WYSzUgbJ0
And finally, for you sad Putinist's
Slava Ukraine, Enjoy!
https://www.youtube.com/watch?v=zwnLRrf-GBI
The list goes on and on and on.............
Wake up Putinist's
https://www.youtube.com/channel/UCYfdidRxbB8Qhf0Nx7ioOYw
Https://www.youtube.com/watch?v=kLX-eqZ8fb0
Putin murdered Navalny, that is an actual fact in that this was state legalised torture.
Why? because he was afraid of Navalny gaining political traction as a serious oppossition.
Thing is Putin loves power and money and has raped Mother Russia, raped his own citizens economically, and enriched himself beyond his wildest dreams.
Putin is Hitler Mk2.
One for you Tim et al Putin lovers, shame on you!
Daily Podcast: Did Russian opposition die with Alexei Navalny?
https://www.youtube.com/watch?v=ycRiL_j2B3g