Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Https://hotcopper.com.au/asx/sfx/?keywords=SFX Worth keeping an eye on Sheffield, they have a market cap 10 times bigger than us, and they might announce something before us.
I agree with you Safe, significant negative shareholder value, I can understand your vented frustrations. I am still invested because of the belief, that over time this situation will change, hence why I still support PC. You might want to call me naive, however establishing the value of our assets is not far away. Sounding off now achieves what?
I agree the royalties are a long way away, but my point is purely that the value looks to be increasing if we were to sell the royalty today. I don’t think we will get any more news on Tolsa until December, when they have to make a decision. June is round the corner for the CS project, and I would hope that PC was being conservative! We can but wait, with a market cap that reflects a blank!
I can understand what you are saying. But there are other ways to raise money, eg types of business deals, which might or might not be about to be signed. We just don’t know, and can’t read too much into the RNS, even though we would like to, depending on stance!
A positive RNS that comes out of the blue. It will probably not move the needle much, but it puts our lowly valuation into perspective. I presume the CS project negotiations, will be on the same basis. A royalty based company.
I don’t mean to be insulting, there are enough insults given to PC on this chat forum to put investors off. I was expressing my opinion as to why the share price is as it is with so much potential. There have been achievements, but the market does not recognise them. I am prepared to wait until they do, simple as that. The theme of the thread was to try to put some value to the deal that is being negotiated. If all talks had come to nothing PC would have issued a RNS. So you either have patience or you sell, there are no other alternatives. In the meantime the market is moving in our direction, which should improve our negotiating power.
I would agree Twiggy, I got the detailed update at the AGM, it was also released as an RNS., but condensed. I was happy to buy a few more! We just have to wait. A deal will take as long as it takes, with the market moving in the right direction. The assets are not loosing value in the ground, dilution is a minimum, expenses are a minimum. At 2p this is a 40 bagger! I am more prudent, but still at a significant increase from today’s price. A consequence of market boredom, and shareholders who don’t have the patience.
I asked PC at the AGM why Tolsa needed extra time if the drilling results were so good, and why they agreed to paying the extra money. It didn’t make logical sense and it obviously doesn’t to you 1wager. I was happy with the response, that there is nothing sinister, more to do with the complications around the grades and the Spanish attitude. Our agent is a bit of an expert, well connected, and there would be others who would be happy to buy the reserve! Backed up that PC negotiated a higher purchase price! We sit and wait.
I can understand what you are saying, and am not well versed in the realities of the system, but don’t the Market Makers hold some stock? I also read, that sometimes the MM’s sell stock that they don’t have. How true this is I don’t know, but if correct it would affect what you are saying, would it not?
Thanks for sharing, it plainly explains the direction of travel. With a SRES current valuation of 2m, it is a good risk reward ratio. We should have a million coming from Tolsa in December, which makes the risk reward ration even better. Just need the deal!
I think the potential for increasing the resources is off the scale Catbert. Together with the grades and the positive turn in the political risk, (with the LTH picking up the tab) they will be drooling all over this. Just needs to double and I will be breaking even!
A very good update. Greg mentioned in the podcast, that the embarrassing government problem, has meant that we are now in the driving seat, as far as the paper work is concerned. The company has support at the top level, due to the historical issue. We should start to really move over the next 12 months to production. Greg is none specific on dates, I agree, but that is a natural response to historical country issues. He doesn’t need to be specific anyway, the tone of the RNS says it all. We are moving forward in all areas, with great potential to increase our resource. We are however going to have to share 50% of it! This hopefully will be a real pension maker. I am now starting to relax, we have had so many disappointments.
I read it differently PaulFG. I read into this that both sides have to make an offer within 60 days, which includes all the funding element, to potentially earn 50% of the company. The best offer will be picked, as the RNS states, conclude a transaction. So it will be one of the two is my reading of it. Some numbers will have been banded around when they did the raise with Sheffield for the 10%. Anyway we will find out soon enough.
I would agree an RNS is best, but the MM’s will adjust the buying price when it is released. So buy now and risk it, or wait. Personally I think it will now happen, and we have the 60 day deadline. I don’t understand your point about ‘after which the rest of the market has access PaulFG. I read it that one of the two will seal the deal. I liked that Greg talked about getting a new licence and was continuing to expand our resource, even if we are going to be sharing 50% of it! Compared to this time last year, happy days!
Pursuant to the Sheffield Investment, Capital Metals has granted Sheffield co-exclusivity with LB Group (002601:SHENZHEN) for either party to conclude a transaction within 60 days to provide funding to support the development of the Project into production in exchange for up to a 50% interest in the Project.
This is what it says PaulFG. This sounds fairly definitive, so I am sticking to my optimism. We have both been here a long time. I have put another 2k in to back it up.
With the Sheffield deal in the bag, I think investors might be a bit more optimistic and anticipate a deal, rather than wait for the RNS. We are all jaundiced about the history, but there is enough evidence now to feel optimistic!