Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Stockready1 finally resigned to the filter bin.
I don't for a minute believe he can't see that Harry couldn't say what the issue was as his first priority was to protect the people.
But yet again he appears on hear like a bad smell trying to put a negative spin on events.
Into the bin you go and best bit is I wont see his reply to this message.
Onwards and upwards.
So glad I ignored the derampers and topped up all the way down.
Stockready1
The difference between the two of our opinions is quite simple.
If I am wrong I lose some money. Quite a lot actually as I am fairly heavily invested here.
If you are wrong other people lose money. Not you.
The difference being that I am not forcing my opinion on people. You are.
If the stock tanks I lose some money, brush myself down and live to fight another day.
If Harry gets financing across the line (and despite everything you may say YOU DO NOT KNOW if this will happen or not) your persistent deramping will have caused some to sell and you will have lost them and their families money.
I hope you can live with forcing your opinion on others and the consequence it may have on peoples lives.
I can live with me losing money if I'm wrong because I'm not advising others on what to do.
Go for it. There's another 10P up for grabs. Nearly enough for a kebab tonight!
Stockready1:
There will be no finance deal I can tell you this already - How do you know?
No one in the right mind comes and invest millions of $$$ in the mine which is still not have anything produced - Its an explorer wanting to go to production the investment is to get it to production surprised with your vast knowledge of the stock that you had not realised this!
Have a serious security issues - Who said it was serious. Harry has stated it is not and that all parties are aware and are not concerned and have not pulled out as a result.
They are going to shut down the production. They are not producing at the moment so nothing to shut down.
Dude, if your going to deramp at least put a little bit of effort in. I know it's Monday morning and you need your 10P per post but quality over quantity please!
Yes it is a fact that the price has been on a steady decline over the last ten years. Not sure what meeting Harry has got to do with the investment. I have never met Bill Gates or Elon Musk but those investments turned out quite good.
As it stands at the moment the share may tank it may ten bag (you don't know and neither do I). It is up to PI's to do their due diligence based on facts and come to their own conclusion.
Ramping and deramping are awful traits because both affects real people and their hard earned money.
From my own personal perspective I do think Harry will get this over the line. He has 500,000 reasons to try and do this before the end of this year.
IF and it's a big IF this all goes ahead then not only will the stock price rerate (small benefit) the bigger win here is the annual dividends that will pay out over the life of the mine. Doing the maths the annual dividend will be greater than todays share price. So if it goes ahead not only will there be share price appreciation there will also be an annual dividend greater than the amount you have invested today. There are not many shares on AIM that have this level of potential. Yes there are significant risks but also significant rewards.
I am not blind to the risks and appreciate it could well go horribly wrong but for me the risk/reward is a good one and one of the better short term on AIM. This doesn't make me a ramper. The maths are there for all to calculate, the RNS's there for all to read. We all buy and sell shares based on our personal opinion after digesting the facts. Just annoys me when people say they are "saving others from Harry". The truth is you have no way to know if he will or wont get the financing across the line. Everything you say is your opinion and the derampers feel they must constantly barrage everyone with their opinion. Just give it a rest.
What i was trying to say is the BB should be for talking about facts not opinions.
If everyone deals in facts then PI's can make informed decisions. Rampers and derampers do talk too much about opinions and try to justify them as facts.
This can lead to people loosing hard earned money.
Please everyone just deal in the facts. So people can make informed decisions without bias.
Kefi may go into liquidation it may 10 bag. The truth is none of us actually know which way it will go.
What i don't agree with is people trying to influence others or forcing their opinions one way or the other.
Rant over!
For all the negative posters on this board.
Whilst I appreciate you sold out, have no faith in the board, do not think this will ever materialise and in general think Kefi is a joke have you ever thought "what if I'm wrong?".
Your persistent comments on here may well influence people who take your advice and sell on move on.
If you are wrong, which is always a possibility, you will have directly affected the financial security of many people.
Can you have that on your conscience?
Steve4077 I was thinking exactly the same. This is so badly handled that this is either complete and utter incompetency or it was engineered to drop the share price for whatever reason. Harry has his faults but he is not stupid. Most people would deem this a small operational issue and just deal with it, especially with financial close so close. He chose to RNS it for a reason.
Interesting comment by Harry on todays Proactive Investor Q&A. 4.38 mins in Harry says when discussing Tulu Kapi "we have financed it and its about to launch from development into production". Harry's words not mine. Either financing is done or he is lying in the interview. Time will tell.
The recent report stated 3-4 years divi at around todays price. So if this gets across the line that's an annual dividend of whatever cash you have invested at this point in time. On top of that you will see share price rise significantly and whatever happens in Saudi on top of that.
I'm pretty heavily invested here because if this gets funding this is going top be a great stock for the next 5 years or so.
The company looking to secure "substantially all the assets" were not even interested until the Rosgeo JV. It was after that that they expressed an interest (all in RNS) and it is that deal EUA are progressing with.
So whatever deal materialises will include something to do with the Rosgeo JV. That's a given that people seem to miss when discussing what's going to happen.
They wouldn't appear after the Rosgeo JV was announced and put in an offer large enough to stop the FSP, if the Rosgeo JV wasn't part of the deal in some way shape or form. Remember they were not in the running before the announcement.
That's my logic anyway for what its worth.
Once announced yesterday the remuneration package would have been pretty binding. I would imagine that to change it the needed Harrys agreement. Assuming he has accepted the changes he must be pretty confident that he will hit those targets so my guess is funding is done. Derisks and takes an element of doubt away for me. Very happy with RNS.
From the recent RNS it suggests the potential acquirer was late on the scene, after the JV. It was the JV that made them appear. IMHO the JV will be included in the sale. Otherwise the current bidder would have been in the running prior to the JV being announced.
All speculation! Will be interesting to see how it unfolds.
Sometimes a purchaser just wants the asset and not the company. A lot of historical baggage and legal requirements come with purchasing a company and for a purchaser it is sometimes desirable and preferred to not take on that historical baggage and just purchase the assets to move forward. As Eurasia isn't a household name there is no need to keep the brand, so i can see why a buyer would want to just purchase the assets.
IMHO this is done. All assets sold to the Japanese and i am confident of £1+ hence a decent top up yet again this morning utilising the full ISA allowance for by my wife and myself. Time will tell.......