Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
That is still annoying me is that £1.7m PAYE arrears that suddenly appeared. I can find no mention of this beforehand and it seems like just as they are reducing the liabilities and putting some cash in the bank, there is suddenly a huge new liability to clear and we are back to square one again. Surely there can't be any more of these?
Not needed at all IMO. Sale and leaseback of both properties completed with only some of the proceeds used to pay off the pension deficit.
Cheap shares for TB and others, averaging themselves down and diluting the rest of us.
It feels like "here we go again" at the moment. Money invested to change the focus of the company.... then.... nothing!. Money is spent on salaries for doing little and is soon all gone and back to being a mining company that can't mine to save its life.
We need some kind of update on progress.
IN our "Operational" update. It basically says that we are putting more effort, money and resources into legal and financial issues than we are mining and selling coal.
We are a coal mining company that is repeatedly unable to mine coal. It never matters who is in charge, that fact always remains.
That wouldn't surprise me. As manufacturing groups go, it is not really big enough to justify a listing and the costs and admin involved do not really make sense. It would have much more flexibility as a private company, apart from the loss of access to cash-calls to wider shareholder investment.