Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It was SLP and SBSW. as it goes and they hacked it up thank you.
Built on my JLP short today though, those 210 million shares are going to sting.
God, I hope and pray that Leon releases an RNS tomorrow for Roan producing nearly a 1,000 tons of copper a month and that we have sorted out debt funding without dilution for expansion to the Eastern Limb and in Zambia and this spikes up to 30p in early trading before settling at 29.5p for the day without any big sales. That would be magnificent.
There you go again with unfounded rumours, plus, I don't see Jubilee dropping to 8p and if they do, I'll buy more, because that will increase my holding by a substantial amount. Ha ha ha ha ha ha.
Ar the end of the day, JLP is making money on each ounce even at the depressed prices from the beginning of the quarter. HUM was losing money when gold was at nearly 1850 dollars an ounce and yes it is nearly 2000 dollars an ounce, but I bet your AISC is nearly 1900 or more for the quarter. Plus you might lose your only producing asset to sanctions. Being honest with yourself, which one of JLP or HUM looks healthier at the moment, because there can only be one winner here.
There you go again with unfounded rumours, plus, I don't see Jubilee dropping to 8p and if they do, I'll buy more, because that will increase my holding by a substantial amount. Ha ha ha ha ha ha.
Ar the end of the day, JLP is making money on each ounce even at the depressed prices from the beginning of the quarter. HUM was losing money when gold was at nearly 1850 dollars an ounce and yes it is nearly 2000 dollars an ounce, but I bet your AISC is nearly 1900 or more for the quarter. Plus you might lose your only producing asset to sanctions. Being honest with yourself, which one of JLP or HUM looks healthier at the moment, because there can only be one winner here.
Your prediction Bushy.
Ha ha ha oh my days you sound desperate Kaiser...
You know JLP's going down to 8p it's way way overvalued. Sell it and buy a way way undervalued stock. You're going to regret it of you don't.
Surely you're not that much of a mug to believe Lemon Leon and his fantasy copper that he's already blown 200 million on to no avail. Even dodgy colin with his confetti cannon has done one from JLP.
What is it they say, "no news is good news" ;-P
Yep, look we are at 8p a share. OH WAIT. That was pretty much HUM wasn't it !!!!
All those gold ounces produced and losing money for at least 6 months and probably for another 3-6 months ... Rather let the terms run and get the shareholders to pay for it.
HUM DOWN circa -33.49% over a year, ALTN DOWN circa 7.10% again over a year since I last posted and HUM only just slightly down from my last posting at best, despite gold being 14 dollars from ALL TIME HIGH. Probably all the saps taking investment advice from the resident ramping clowns.
Hummingbird Resources PLC 137.10m -2.94m 57.07m 347.00
Altyngold PLC 31.71m 7.97m 31.43m 389.00
Serabi Gold PLC 43.63m 5.24m 41.28m 637.00
Fundamentals suck and so do the technicals... You have been warned AGAIN!!!
Has anyone else seen the news that has come through from Ariana Resources PLC (AAU) about their mine in Cyprus. They have gold, copper and zinc resources and it looks OK levels and if we can combine that with CMRS and process both sets of companies ROM and/or Tails/Waste, it would give us an even better effort from Cyprus and it wouldn't cost much more than we would have to spend anyway and makes sense for both companies to allow us to treat their produced effort and have 1 slightly bigger refinery rather than 1 medium one and one small one.
I wonder if anyone else has seen this.
There is general acceptance by the Company and management that the chrome processing plant has not yielded the expected and desired results to match the significant amounts incurred in its construction.
19.2.3.2. It is also further conceded that there is a need to outsource the operations and maintenance of the plant to an external party with recognised competence in the design, construction and operating of chrome processing plants.
19.2.3.3. A process is currently underway for the selection and appointment of a plant operator.
19.2.3.4. As part of the process for Jubilee to provide the Company with its proposal, Jubilee has requested 8,000 metric tonnes of ROM to perform a trial run on the material to provide accurate product yields, grade of concentrate produced and PGM grades to enable the provision of the cost per tonne of the concentrate produced.
19.2.3.5. Noting the limitations of BCM as identified above, the Company’s restart plan contemplates the facilitation of mining services which includes the procurement of labour in order to secure the ROM required for the processing and sale.
19.2.4. Restart of operations and trade:
19.2.4.1. The refurbishment and restart of the processing plant will enable the
processing of the more than 250 000 tonnes of ROM currently on-
hand to generate chrome concentrate for sale;
19.2.4.2. In addition to selling the chrome concentrate, the process would yield
PGM rich tailings, from which the Company would generated
additional revenues; and
19.2.4.3. The restart of mining operations to produce ROM would enable a
sustained business for the Company beyond the immediate
processing of the available inventory as articulated above towards
long-term sustainable operations over the life-of-mine.
19.2.5. The proceeds generated from the sale of the chrome concentrate and tailings will
be used to restore a working capital cycle and ensure the continued operation of
the Company, thereby allowing it to purchase more ROM from BCM in terms of
the Proposed Restructure.
19.2.6. Once the working capital cycle has been restored to a sustainable level, the
General Concurrent Dividend will be paid to the General Concurrent Creditors
from available cash resources. In terms of the Proposed Restructure model, the
BRP anticipates that this will be paid after six months of the restart of operations.
19.3. The Proposed Restructure is subject to and will commence upon the approval of the
necessary PCF.
So basically Jubilee is going to be upgrading the chrome facility at DCM, so we might even end up with another fine chrome plant there. And Jubilee are requesting 8,000 tons for processing purposes. So we might end up getting the ROM from DCM that we should have gotten a long time ago in the next few years.
Swamp monster,
Before you call ANYONE out for supposedly ill-informed deramping, all I am doing is what BushyTailed did to Jubilee for many months. Also he posted his opinion as facts and claimed on multiple occasions that the bod was diluting, which aside from an opportunistic percentage increase they haven't diluted to the levels that Bushy claimed they would and I have literally quoted your own RNS's at you, saying that you were losing money and you were, I questioned the RNS's AISC of over 1750 dollars and got called a troll, when it was fact. I am not bashing the instrument as you call it, what I am doing is stopping investors with skin in the game from deluding other investors that the company is in a great place at the moment, when it isn't. So call me a troll, but perhaps you should check the company you keep, as Bushy actually used ****** language and was reported on the Jubilee site for repeated said examples of that behaviour.
No, I didn't say that Jubilee don't dilute. What I said was you kicked up a fuss about Jubilee having a provision in their AGM to issue 1/3 of the shares in issue to fund a project and then you have the audacity to say that HUM should virtually double their shares in issue to fund a project. Your inability to read a point and understand it, is on the same par as you level of insult that got you reported on the Jubilee page.
Funking hell Bushy, you are advocating Hum issue a further 370,326,923 shares or a further 94.6% of shares at the current share price, WITHOUT the obligatory discount to give a grand total of about 763,326,000 shares to become a mid tier producer and yet you moan about Jubilee, who haven't diluted, potentially issuing a third of the shares in issue to raise money to make hundreds of millions of dollars in copper and cobalt for 35+ years. Me thinks you are crazier than I thought you were.
The only reason this is bouncing is your CEO has bought a few shares, you still are losing money hand over fist on every ounce of gold produced and will be for nearly another 6 months. I really do wish you investors a lot of luck, because right now, you might need it.
Charttopper,
Firstly, there are many reasons for the drop and SLP being up TODAY. Such as:
We don't have production figures yet for the 2nd half of the year, which was disrupted with Inyoni's expansion and re-purposing. They haven't had that issue aside from trying to intergrate their fine chrome project, which will either work or it won't.
They have dropped from a high of 143p a share to 84.5p (a 40.9% drop) and now climbing slowly and up 99p a share (a 30.77% drop from recent highs). We went from 21.95p to 13.66p a share (a 37.77% drop) and now in a range between 16.25p - 15p and at 15.3p a share (a 30.3% drop from recent highs). So in reality the shares are pretty close in terms of the current loss percentage from recent highs.
We also don't know how the copper is going from Roan, so yes they are differences between the 2 companies but in terms of where they are, both companies are actually pretty close.
The only time it matters is when you sell, if you are trading, the share price matters, if you are an investor and happy with your holding, it doesn't matter. if you are an investor who wants more shares, you want it as low as possible.
All that matters at the end of the day is which one of those three you are. I think I can guess though.
Mike,
Basically Bushy, put three extremely derogatory terms down in messages, which were reported. He then put further insulting and derogatory terms down and when asked to apologise for the terms, said that we should read Rudyard Kipling - The man who would be king, which is where the first derogatory term came from in terms of the area wrote about.
Sadly, it appears that whilst his posts have been removed, he is still here, so is something, given the terms he used and having shown absolutely no remorse for.
Gambler, the thing is, I don't mind negative posts at all, it is part and parcel of investing, as there will ALWAYS be dissenting voices anywhere and everywhere, but Bushy took that to new levels and now he has crossed a line that no one actually expected him too and showed his true colours. I have reported 3 of his posts too, I am nor afraid to say.
I suggest that people report his post that is under the subject 8p, because there was definite use of a prohibited term there and definitely sums up the type of person that Bushy is. I have Bushy, because that term is disgraceful to have used.