Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Aren't we supposed to be 10 quid now? Not 10p. I've been in these since it was pcge and never fails to disappoint even after God knows how many name changes or another change of direction. Hard to believe they actually raised money a while ago at 70p.
The batangas project.
The project has a maiden reserve of 128,000 ounces of gold (including silver credits) which included 100,000 ounces at 4.2g/t (grammes per tonne) gold.
A pre-feasibility study that showed the project would produce a free cash flow (after capital costs) of A$46million based on the maiden reserve.
The project has an additional 320,000 ounces of majority JORC Inferred resources that are available for future conversion.
Not great to say the least.
Based on financial projections prepared by the Directors, the Group’s current cash resources are
insufficient to enable the Group to meet its recurring outgoings for the next twelve months. The
Directors have a reasonable expectation that the Group will continue to be able to meet its
commitments for the foreseeable future and will raise funds when required from either the debt or
equity capital markets.
Whilst the uncertainty caused by COVID-19 has diminished, concern over the continued impacts of
the war in Ukraine is creating volatility in capital markets and will make raising additional funds from
any source significantly more challenging, however, the Directors remain confident that this is
achievable.
This looks good for mbo.
https://www.globaldata.com/media/banking/card-payments-in-malaysia-to-grow-by-15-2-in-2022-forecasts-globaldata/
The expected total deal value for Cannaray shareholders is £18.6 million of which £14.2 million of value is payable upon completion and an expected earnout of £4.4 million in twelve months’ time. It marks a leap forward for Cannaray Limited, whose ambition to list on the London Stock Exchange has been part of the company’s strategy since its founding just three years ago. The reverse-takeover permits Cannaray Limited to facilitate the public listing of its consumer CBD wellness brands on completion of the deal.
Hopefully this will make things a bit clearer than the rns this morning.
Cannaray Limited, a leading European medical cannabis and wellness CBD company, is today announcing the signing of an exclusive LOI for the listing of its CBD division (Cannaray Brands Ltd and Love CBD Health Ltd) via a reverse takeover of Cellular Goods PLC (LSE: CBX).
the update in July says more contracts coming so soon hopefully. reckon that's why they wanted listed on otc in the US first.
Further customers to be announced - the Group is currently engaged with several major US utilities providers with a view to securing near term purchase agreements