Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The problem, Cauld, is that the English is not plain. As a mathematician, the word comparative word 'latter' to me represents an 'Or' clause - the options vest in which ever one comes last. Then, as has been pointed out, we get an 'and' clause, implying both criteria must be met for the options to vest. The language supports both interpretations.
What is your reasoning, Heroric, please explain? The recent broker note (fair value = ~11p) heavily discounted this project, which is still at a very early stage. The eventual revenue from the IRH deal is not reflected in the current Sp IMO.
Dallo, you are right to stress the importance of dose and formulation (BioAmb being a particularly relevant example for us) , though, of course, many of the latest immunotherapies are genuinely novel as is Lupuzor's mode of action. I also agree that there were problems with inclusion criteria, recruitment (very heavy on the Mauritius centre) and clinical end points. For instance, a drug that causes no symptomatic improvement compared tp placebo but which alows the clinician to drastically cut the dose of steroids the patient takes would be a huge step forward but would be classed a failure unless steroid dose was one of the predetermined end points. Let's hope we have learned the lesson from the first phase 3 study, though the positive phase 2 study it was based on was less than striking. I reckon they will have to develop a peptide that significantly prolongs life if I am ever to get my investment back here!
No Gotreal, I wouldn’t be topping up at these prices if I thought that. I do however feel that when investing in small caps I don’t want to be exposed to the extent that failure of a company would leave me in serious financial difficulty.
I have already done very well out of Jubilee and confidently expect to do so again, but as I found out during a recent visit to Costa Rica, the grass is populated by snakes!
I’m not too surprised about the Sp Moneyman. For many people, now isn’t the right time for wild speculation. Money is tight and caution is the word. If I wanted to take advantage of skyrocketing copper prices, I’d be likely to buy shares in a company making shedloads of copper.
Like you, I am bullish about JLP’s future but I am only investing money I can afford to lose.
As an aside, in a response to Mickie Agee days ago I drew attention to the emerging narrative of SA and Zambia as increasingly separate businesses, now highlighted by the recent RNS. I sincerely hope Leon is not thinking of selling off the SA part, undermining the mantra of resilience in a multi-metal portfolio.
Disagree, BT. As far as the OB1 project goes (and this is the only one with a 70:30 split), Roan is not the overarching concentrator. In fact, it will not concentrate a single ounce of copper from that project.
I don't think we know the model for what happens to this concentrate yet. Possibly, as you suggest, the JV will sell it to Jubilee for processing at Sable, in which case we'll obviously have to buy it upfront as we we do with any third party transaction, but in one RNS, it says the JV will be producing its own cathode, in which case Sable will presumably be toll processing it. Also, as Jubilee will be paid for setting up and operating the JV, the split is likely to look more like 60:40.
Finally, you suggest that if the JV does not proced, we are in serious trouble. I would point out that this JV is heavily discounted in the recent broker note. There will be plenty of feed coming our way independantly of this project.
Thanks Seis. Interesting that iridium and ruthenium together account for 10% of Northam's revenue. You have drawn attention to iridium before, and its critical role in the green hydrogen revolution. How long before our PGMs cease to be the 'bonus' byproduct the have become and start to drive revenue again?1
BT, you say "Let's not forget that roan sells it's copper to JLP to process at sable, but they only retain 30% of the net proceeds that sable produces. Therefore JLP have to front up 70% of the net proceeds to IRH before they can process it downstream at Sable. " Unless I am mistaken, this would suggest you think the SpV joint venture material will be going to Roan. I was under the impression that it will be concentrated by onsite modules with the concentrate going directly to Sable. What has Roan got to do with the 70:30 JV split?
Hi Mikie. Not looked in here fo a few day, so apologies fo not responding to your post.
Nice to se a bit of volume today (ys, sme uncrosing trades, but plenty that weren't!). Not much to contribute at the moment. There's some sterile discussion about predicting the Sp. When shares go up and down the accuracy or otherwise of any specific prediction depends on your time scale. I am looking specifically at three years. For what it's worth (notmuch) I have added three times sub the placing price recently. My horizon is three years.
I'm inclined to agree with Seis that unless we access some very creative finance it would be hard to justify a bd for Chambishi in the near future, but Leon is hugely ambitious so I wouldn't put it past him. It's certainly very interesting to speculate.
In the RNS, the go ahead for the new units at Thutse was subject to internal controls. The presentation suggests it's full steam ahead, however. LC does seem to regard the SA and Zambia opeations as quite separate (spending $12 M to upgrade chrome, raising $12 M to upgrade copper).
Like you, I am also interested in the apparent plethora of project Ms going begging. This is the sort of thing that right up Rikus Grimbeek's street so I am watching that space with interest.