Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi guys & gals
Just indulging in a PHE chat catchup, to see if this has developed into anything more than a smoke & mirrors s*it show and nothing tangible as yet.
Bertmonkey : yep, sold out 18 months ago, but did come out with an overall positive return, so no financial complaints.
When a major shareholder is pushing a " fill yer boots" message, whilst merrily dumping in the background, set against a high turnover of CEOs, with no tangible delivery and a myriad of false promises re: Protos, I no longer trusted them with my hard earned.
As Plantdad has said Plot 10b is just for the wildlife at the moment, with no signs of potential progress.
Good Luck to the long termers here who are sticking with it, you certainly deserve some kind of return for your persistency.
Tread carefully with Sound Energy. A very chequered history when JP was at the helm. A case of research, research and then more research. May have turned a corner with new CEO but check back for all outstanding debt and when due for repayment, alongside the funding for extracting and processing the gas to commercialise. Worth reading the BB for a heads up, and several years of RNSs.
There's folk who took the rns as a longer term positive and are adding on the dip.
There's folk who took the rns as a negative and sold up and left the building.
There's folk who took the rns as an immediate negative, sold up, but can see the longer term positive and will spread fud to hopefully get a lower dip to buy back into. C'est la vie.
I'm taking yesterday's rns as a short term sacrifice for a longer term better deal. I think we are forgetting the situation the company was in when the MOU was first signed in May '23. CMet we're then in a pretty weak position regarding the mining licences and perhaps the approach by LB was seen as ' a bird in the hand was worth 2 in the bush' kind of thing.
Exclusivity agreements favour the potential partner, in the main, and on that basis CMet were somewhat over a barrel, but some form of potential funding was better than none, for the foreseeable. IMO, it gave time for CMet to chew over a back stop agreement, but now with licences reinstated, there are either suitors gathering or CMet think they can attract better suitors by going in the shop window.
It could be that CMet were asking for better MOU terms in conjunction with extending the exclusivity but these weren't forthcoming, hence end of exclusivity period.
Another possible factor that I've not looked into yet is the forecasted price of the main driver elements, ilmenite and zircon, and how they may of changed over past months.
A key phrase in the rns for me was " free to pursue additional options and funding structures" i.e. better terms are now required by CMet.
We'll see how it pans out.
Before this subject grows arms and legs again, and various spurious calculations are made, let's not forget that most jvs with junior miners and larger partners are organised through a joint venture vehicle that protects the interests of the parent companies and shareholders, as per Kodal and Arc Minerals.
Admittedly this has not been stated as the case yet but would be very surprised if CMet didn't follow a version of the above models.
Also, the Jorc resource identified only covers about 5% of the licence, so this little minnow has huge resource potential and that would not have gone unspoken in the CMet/ LB discussions to date, imo.
Thanks for the reminder about Kodal, it's triggered a few thoughts. The JV model adopted by Kodal and also Arc Minerals would be the option to take by Cmet and LB, imo.
A joint Venture vehicle is set up in shared ownership by the two parties, with whatever % share is appropriate. The rights to permits, licences etc. are transferred to this JV vehicle and agreed funding also transferred, staged or otherwise.
This preserves the share capital in the parent companies and avoids dilution of shareholders. This, or a version of this, would appear to be the sensible way forward imo, and I would imagine something like this would be up for discussion.
PaulFG
Completely agree. That's why I was pleased to see reference to step out drilling, further depth drilling and exploration drilling in the last RNS.
We need to build up the MRE which should increase the asset value and reduce the amount of dilution required when LB start injecting capital.
Not sure how the 30% takeover rule would apply in this situation though.
Hi Adam
Welcome to the mysterious world of investing/ trading , where with a lot of patience and analysis you will start to understand the dark arts that are practised. It really is a case of ' watch and learn'.
As a starter, don't trust anything without your own research and analysis, and that includes what you read on here.
As an obvious example trades are not always shown in the correct colour, red/ blue/ black and this distorts the totals shown on here. Should be red = sell, blue = buy, black = unknown as it went through at the mid price between the bid and ask.
The strange price activity yesterday, when the MMs dropped the bid price through 3.7 and then 3.6, down to 3.5 on 2 tiny sells, could be a share hunt, by the MMs, trying to trigger stop losses, or there may be have been a large sell yet to be reported, maybe Monday. As the late flurry of buys at 3.6 ( some of them mine), we're met no problem, it does appear the MMs got there hands on enough shares to sell the quantity they did at 3.6, or the bid would have bounced straight back up.
Don't mean to preach but thought the above may help, and it's just my opinion anyway, not gospel by any means.
All the best with your investing/ trading endeavours, I think with CMet you are onto a company with plenty of potential.
Sold up this morning, after being invested in Sav since 2014. After clearing the major hurdle of the EIA, just feel there is a strong headwind here for the foreseeable, with possibly still a lot of muck to be slung around. The potential positives, drilling results, resource upgrade are a few months off yet, and the biggie of a potential partner/ offtake agreement/ funding, I think are under a cloud until all the murk disappears and the associated issues around SAV are clarified.