Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Nice try but I've been off telegram most the afternoon as I'm at a customers doing a service. But good try.
I'm not admin ether so please do try get your facts right. Seems the fact you post about telegram are about as reliable as your posts in Vast.
It not Vast's job to order the cargo ship.
Its the Offtakers job, Mecuria's to order the vessel, sort out insurances and documentation.
Once first shipment is cleared hopefully they will setup a set date and deliveries in the foreseeable future will go more smoothly.
DYOR
In regards to first Sales. Im not surprised we haven't seen them yet.
Dont forget Vast employees have bust the guts getting the concentrate prepared for first sales for the end of October.
It is now up to Mecuria to order space on a vessel to take that concentrate.
But also don't forget the world is still battling covid, and who's to say that Mecuria's staff aren't working from home (like most office workers). Or that finding space on a vessel isn't hard due to a back log may still be being worked through.
https://www.vastplc.com/operations/baita-plai-polymetallic-mine/
website is now updated fellas
AP stated in the podcast yesterday first sale of concentrate should be by end of month (as 7/9/20 RNS) this will be a significant moment for the company.
Aslo stated that the thier 1 banking institution will provide funding for Not just Baita Plai but further expansion in Romanian E.g. Remin, Zagra etc.
I think this is utter rubbish and your are posting lies.
Production isn't just restarted at the switch of a switch.
So first delivery of next week is utter bull.
The Processing plant has to be restarted and that is a phased approach.
I very much doubt that anyone on the BOD have given you this information.
Just to answer your questions starvest:
1. Vast haven't started mining yet.... they stated that start up would be 7,000tpm then will ramp up to 14,000.
2. It’s underground mining, what stripping is there?
3. The assays only measure viable ore, you disregard the rubbish.
4. It’s 1 ton of ore at a% of each metal so 1 ton of concentrate at 30% copper = 300kg
5. Vast don’t sell metal, they sell concentrate, refer to point above
Vast SP should never have been this low.
What brought SP down was cover 19 and delays due to the virus.
Now everything is coming together and Baita is close to production.
I'm looking forward to how this Refinancing is going to be done and what it involves. As from rjs and podcasts before it sounds like its for more than just atlas T1
Thats bullsh*t and you know it.
Sonic
Baita Plai will be in production by end of July stated by rns and podcast by the company.
Why state something like that and then change it to check with the company ar*e
Article on diamonds today by mining index Zimbabwe has been answered by Andrew Hall. Look on twitter.
My calculations take into account 85% recovery and 95% payable in concentrate.
And a massive 50% reduction to add a massive conservative discount.
The extraction of gold and silver is already priced in with the mining of the copper. So gold and silver are theoretically classed as free to mine
I've done some more calculations on gold and silver.
Molybdenum still to be done.
Pdf link and pictures on twitter.
https://twitter.com/Kurrinz01/status/1263014175770644480?s=19
https://twitter.com/Kurrinz01/status/1263014647512338432?s=19
I brought more on monday morning.
when you calculate gold and silver even at a 50% reduction to be extra conservative.
mean average of gold of samples in fridays Rns is 3.23g/t i've calculated that to be approx $11. mill FCF PA
mean average of silver of samples in fridays Rns is 253.63g/t i've calculated that to be approx $8 mill FCF PA
Any one thinking that this being a non-equity linked asset backed debt structure linked to Baita Plai and BP providing that it is a monster if an assets.
That this financing may be also to get other Romanian assets online like zagra, maniala and blueberry
Grades look Brilliant in thos RNS but this is even better.
Debt financing
The Company announces that negotiations with two institutional investors in relation to a non-equity linked asset backed debt structure linked to Baita Plai have now reached a well developed stage. Such financing would be used inter alia for refinancing the Tranche 1 Convertible Bonds issued to Atlas Special Opportunities LLC.
Due diligence to secure the financing has commenced and in order to expedite this the Company is now accelerating and expanding its drilling and metallurgical test work process. The Company looks forward to updating the market in due course on further developments regarding the refinancing
To add to Q.E.D and Sandy
You are also forgetting that when the lorries arrived at customs they sat there over the weekend as it was a bank holiday Friday.
Equipment arrived on site Tuesday 5th May
Who's to say we will see the same delay time at customs again as lockdown in Romania ends todays