Member Info for LegendB

What are their God awful "Comms advisors" doing. Yes the company BOD is bad but why are we not hearing anything from the company. They get paid thousands of pounds a month to advise on PR and yet we hear nothing. And don't say the code doesn't allow it. Because you can keep the market informed and provide colour around the statutory annovucments.

This is the company just saying no news is good news or steady as she goes. We already knew that Laguna Verde was a CEOL direct award because of the lack of competition in our area of control. It's nothing new but it is perhaps a sign of quiet company confidence.

They will be shareholders like us. The current board are hell bent on value destruction. And they get away with it because of 'better the devil you know' narratives like the one you paint. How on early you think they could do a worse job. Saba will want to make money and if that means selling of parts to creative value that can only be a good thing.

Ha! US activist Saba has increased its stake. I hope they give the board a metaphorical bloody nose. I'd probably support any resolution they put forward at this stage now we are at over 40% discount to NAV. Saba of you are reading this tell us what you want to do and get the retail vite supporting you.

They don't have anything to do with copper though?

Nice jump up on close today.

Looks like RM Markets have thrown in the towel. At least in part. Around from 6 to 4% now.

I'm sorry the stuff about HL and nominee accounts is total rubbish. Institutional investors don't use Hargreaves to hold their shares in nominee accounts. I was very much bought into the Mcnol commentary. Now i fear he's a fake expert.

I feel better, I was getting nervous of a leak. But I used the lower price to make another purchase.

Not sure giving. A view is panicking. But hey ho. I appreciate the responses and very much favour your interpretation over mine so fingers all remain crossed.

I do worry a little about this RNS. The timing of the CEOL award has been known for some time. Gordon leaving would have taken that into account. Something must have changed for him to have to stay on. If he's the best man for the job albeit but if that was the case why have him leave in the first place. Also I can't really see why some of this has been mentioned other than to get on record in case it needs to be pointed to in the future. If the intention was to reassure the market then I'm not sure this was the release that does it. As an investor under water on this I hope I am wrong.!!

Bank of Montreal increased thier position quite significantly. They obviously like at this price.

But it isn't a strange time to sell by metals 1 as they realised a 100% profit and remain invested for the upside. It's a great bit of business. They essentially have an almost free ride now.

A very shrewd pice of business by them to be fair. From our perspective it's the amount they've chosen to hold which is a positive. And would explain the price drop.

Where is the "called in to discuss technicalities" line from?

I hope that's the case. If we get bad news in the next couple of days and this turns out to be a leak. I'll pursue it to the ends of the earth in terms of an investigation into insider trading. But let's hope it's someone thats made a tidy trading profit and happy to bail out OR someone with warrants that has a free ride.

It was more to put a model out there and set it out others could change individual components and change the numbers accordingly. Change the numbers to suit your own view and you can see what the share price would be in your scenario. Plus add in anything I've missed. However, Whilst I may have missed things that would bring the price down I also didn't include anything around other licenses so I think it's a bit of give and take.

A bull view on what CleanTech's potential market cap and share price could ibe f it were awarded a CEOL and successfully developed all confirmed lithium resources at current lithium prices* — assuming the market priced the company like a producing lithium asset (not just an explorer).

1. Confirmed Lithium Resources

CleanTech Lithium’s flagship Laguna Verde project has:

~1.9 million tonnes of lithium carbonate equivalent (LCE) total resource (Measured + Indicated + Inferred) after licence expansion.

Mineral resources are not yet mineral reserves and have no proven economic viability. There is no definitive feasibility study published yet.

2. Current Lithium Spot Price

Battery-grade lithium carbonate spot prices are currently around ~$14,000–$15,000 per tonne LCE (approximate).

Using that as a simple valuing assumption:

Gross in-ground lithium value (theoretical):

1.9 million tonnes LCE × $15,000/t ≈ $28.5 billion (~£22.9 billion)

That’s the commodity in the ground — before any costs (CAPEX, OPEX, taxes, royalties, concentrate/refining losses, and time value).

3. Typical Mining Valuation Multiples

Producers (not explorers) often trade on Enterprise Value (EV) per tonne of annual production or per resource tonne. Small exploration companies trade on speculative multiples — CTL currently has a market cap ~£15m.

For context:

Category

Typical resource valuation multiple (EV/LCE resource)

Near-term producer/pre-FEED $2,000–$5,000 per tonne LCE

Advanced project with FEED/DFS $5,000–$10,000 per tonne LCE

Early exploration < $2,000 per tonne LCE

(These are rough industry rules of thumb and vary widely with costs, jurisdiction, lithium grade, extraction method and capital structure.)

4. Hypothetical Valuation Scenarios

Conservative Producer Scenario

If CleanTech Lithium converted 1.9 Mt LCE to a feasible producer and the market valued it at:

~$2,000 per tonne LCE

→ 1,900,000 × $2,000 = $3.8 billion EV

After net debt (~small for CTL currently), let’s approximate market cap ≈ $3.7 billion.

GBP equivalent (~£/USD ~1.25) ≈ ~£2.96 billion.

Mid-Case Producer Scenario

At ~$5,000 per tonne LCE:

→ 1,900,000 × $5,000 = $9.5 billion EV

≈ ~£7.6 billion market cap.

High-Case Producer Scenario

At ~$8,000 per tonne LCE (premium grade, efficient tech, strong execution):

→ 1,900,000 × $8,000 = $15.2 billion EV

≈ ~£12.2 billion market cap.

5. Implied Share Price

CleanTech Lithium currently has ~203 million shares outstanding.

Using the simplified market cap results:

Scenario Market Cap (approx) Implied CTL Share Price

Conservative ~£3.0 billion ~£14.80/share

Mid-Case ~£7.6 billion ~£37.40/share

High-Case ~£12.2 billion ~£60.10/share

Comparison to today: CTL trades around ~8 p per share and ~£15 m market cap.

Above generated with some help from AI.

Have we still got the required amount now these areas have been removed from the polygon? For a moment I read it that the goal posts have shifted once more for us? I hope I'm wrong and if so can see light at the end of the tunnel!

Having read the RM report there are aspects of it that suggest the board and investment management are only just just shy of criminal behaviour and certainly don't seem ethical In terms of how they have conducted valuations. They've taken the absolute p*** and RM should ask for retail shareholders to support them in any action they take, I would join them in a heartbeat in any vote to make changes to the current situation.

For all the noise and predominantly negative commentary the share price is ticking up.