Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Great news Pdub. Keep fighting the good fight(s) Also enjoy all the free accommodation you are getting in the heads of the "uninvested" who spend more time here than the LTHs. Usually the star man in a team gets double marked, seems to need a 10 account(not person) tag team to try to play you. Keer her lit.
Well put @vxrandall. Makes you wonder what may be around the corner that keeps all the altruistic advisors telling people to sell and move on, posting here 24x7, and continuously playing the man not the ball.
Other ingredients improving also...Good for V.
Dalian iron ore scales 6 – week peak on China demand hopes
2 June 2023 06:26
By Enrico Dela Cruz
June 2 (Reuters) – Dalian iron ore rose on Friday to a six-week peak, while the steelmaking ingredient's benchmark price in Singapore hit the highest in two weeks, extending a rally spurred by surprise growth in China's factory activity in May.
Iron ore also headed for sharp weekly gains, boosted by hopes that top steel producer China will roll out additional stimulus measures to support an uneven and fragile post-COVID economic recovery.
The most-traded September iron ore on China's Dalian Commodity Exchange ended morning trading 4% higher at 753.50 yuan ($109.01) a tonne, its strongest since April 21.
Dalian iron ore has risen nearly 10% this week, "in a sign that onshore traders are becoming more upbeat about the outlook for demand in China", Westpac analysts said in a note.
On the Singapore Exchange, iron ore's benchmark July contract rose as much as 1.5% to $103.6 a tonne, its highest since May 19, stretching its weekly gain to 5.8%.
China's factory activity unexpectedly swung to growth in May from decline, the Caixin/S&P Global manufacturing purchasing managers' index showed on Thursday.
Analysts, however, said further policy support is needed to ensure China's economic recovery will be sustained as other activity data were uninspiring, including the country's April industrial output which grew much less than expected.
Other Dalian steelmaking ingredients also rose on Friday, with coking coal and coke up 2.8% and 2.6%, respectively.
Chinese steel benchmarks were also firmer. Rebar on the Shanghai Futures Exchange climbed 2.2%, hot-rolled coil added 2.7%, wire rod rose 1.6%, and stainless steel climbed 2.2%.
Chinese steel mills' blast furnace capacity utilization rate stood at 89.66%, largely stable over May 26-June 1 compared with the previous week, based on industry consultancy and data provider Mysteel's latest survey of 247 producers.
Ben, some other positives of the carve out are that Enerox/Cellcube will no longer need funding from BMN and will become an external customer for V and/or electrolyte. A net contributor even. The company and it's finances should become somewhat easier to understand.
Corrected 2/5 delivery thanks to @paludina. Plus another shipment close.
May US deliveries
Nitrovan
75t 2/5
38t 9/5
115t 13/5
V205
18t 13/5
Over 240t in 2 weeks.
Enjoy the weekend unless you've been given the troll shift here by your string pullers.
You can learn a lot about agendas on here by watching the trolls play the man instead of the ball, targeting Fortune and posters like Pdub. They are major hindrances to their objectives hence need constant bashing. I doubt these trolls are just aim punters that have lost a bit. I don't work as hard for my salary as they do here for no apparent positive reason. If they do need to work that hard, they and their puppeteers must be concerned about something. GLA.
Short term debt to June 2024
Yr1 $6.75m + int (10% est) ~ $9.45m
Beyond
Yr2 $8.1m + 10% ~ $10.215m
Yr3 $12.15 + 10% ~ $13.365m
CLN
$13.5 + 12% for 5 yrs
Int only $1.62m
Reduces with any capital repayment or conversion.
Hopefully easily manageable through cash flows going forward and some cash/inventory buffer in case of any squeezed period. Big improvement from yesterday's situation.