Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Nice to have a byproduct worth £45,707,415 when your market cap is only £28,000,000 !!
Looking at the company presentation we have a measured and indicated resource of 2,121,380moz of Silver at the Ming Mine !
Good little bonus to have and will reduce copper production costs further
https://twitter.com/solgold_plc/status/1355198041293205506?s=21
https://twitter.com/northst18363337/status/1354375825425125376?s=21
Lord Rampty Ramp is obviously bored with school being shut
Agreed ....pathetic ramping attempt
Having briefly scanned the RNS a few of the keys points look very encouraging. In particular guidance for the year ahead --------
6,600 -
Copper (tonnes) 7,400
--------
1,700 -
Gold (ounces) 2,200
Using mid range expected delivery you can arrive at turnover of £56m for copper ( £8000 per tonne x 7000) and £2.7m for the gold production. The number for copper will be lower as they have sold approx 50% of 2021 production forward at 3.49c.
Nonetheless these numbers stack up for a company with a mkt cap of £31m ! And they ability to grow production significantly in the years ahead.
CD whilst I agree with a lot of your post I do think it’s highly unlikely that the buyer has been able to accumulate 2m plus shares a day as that would translate to approximately 40-50% of the average daily volume for the last month. This is totally wrong but I would suggest that a buyer would likely acquire 10-20% of ADV. 40-50% of ADV would not result in a share price falling
I also hold some GGP alongside Solgold and other junior miners & mining majors. It’s too easy to get carried away with the expectation of huge drilling success every time. Those of us on here that assume we have multiple Tier 1 prospects and those on the GGP board who expected the success at Havieron to be repeated at Scallywag. Today’s dose of reality is a good reminder for all to keep our expectations in check and never gamble with money you can’t afford to lose.
Stay focused on facts and remain humble.
GLA
ToS1963, this is where the role of the Chairman becomes oh so important. I suspect that BHP & NCM will both be actively involved in the search and the dialog surrounding the appointment of the new CEO. The Chairman will attempt to placate these institutions and work constructively alongside them going forward. The new appointment will have to be universally popular with the existing board and the major shareholders. I’ve gone through this process twice in the last 20 years and this is where a good Chairman earns his corn. The action of the last day or so does not make it any easier for BHP or NCM to gain control on the cheap. It’s still a game of numbers, and they remain well short of gaining control. I’ve used the words SHOULD & COULD in my earlier posting as it’s all about opinions
GLA
feels that the shares are now substantially de risked since yesterday’s news. Markets hate uncertainty and in my mind this uncertainty has been diminished
1. Concerns on taking the company to production( not a universal popular view) ...gone
2. Three largest shareholders against the CEO ....solved
3. Effective news blackout since AGM.... could be over
4. Shenanigans from a Canadian entity .....should be over
Most importantly NM has delivered on the discovery of perhaps one of recent history’s most impressive ore bodies that leaves Solgold in a fantastic position to exploit their assets. Nick remains with the company and his large shareholding should insure a successful outcome. Sit back and watch the story unfold
GLA
Regardless of whether he’s CEO or not NM can still call the shots for Solgold going forward. His personal stake (4.35%)and that of DGR (9.8%) are crucial to the success of any takeover approach. Solgold is clearly his pride and joy and represents the culmination of years of graft. Nick won’t be ceding control of this company cheaply and if he loses office he’ll still be able to call the shots and I imagine there are plenty of suitors for his stake ....but it’s all down to price, and that ain’t gonna be cheap. Those on here that expect a takeout between 30 -40p are way off the mark
GLA