Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Happy Birthday MIKINAMAN, I have an educational interest in —- and was wondering if you happen to have any type of involvement with students from Trafalgar School - which I think is in your local area? Apologies and no probs if that’s not the case.
I think the last RNS explained it quite clearly. If SPR pay the full amount of money due to BMN under the agreement - then the loans that have been advanced from other sources to cover the capital backers that are responsible for the payment default will also be repaid in full.
If SPR or their capital backers do not come up with the goods - then the loans that have been advanced to cover the majority of the defaulted payments so far - will not be refundable.
Yep. There is no way imo, that Borromeo hasn’t got the wherewithal to meet his investment funds scheduled date. As he’s actually the beneficial owner of Arcacia and most likely Orange Trust, also MUST and CellCube … and is now trying to get out from committing any further funds to BMN … and as he and his family was the founder of BMN. - it has to considered that it’s likely this is game over. Anyone with any pennies left in here might be better advised to reclaim them whilst they still can.
@faramog … yeah, it started with FM who said “the BMN story is not even halfway told”. He was sure right on the button with that!
I’m just hoping that CC hasn’t been brought in to be a continuing plan to keep the natives on side a wee while longer!
I don’t THINK that’s the case - I DO want to trust him - but! In this game - ‘assume and presume nothing and trust no- one’!
The concern I have is - the swap over from FM to CC will only have been arranged with the blessings and instigation of Borromeo/Acacia and Orange Trust - the exact ones who have been running this sh|t show since its inception!
We have been strung along down since the pandemic started - that where we trusted FM to the hilt to steer the way through - we had no reason on earth to doubt his honesty and integrity - it proved to be utterly misplaced - he ran the company into the ground until it could no longer be papered over - are we still being that gullible with CC at the helm?
What is the grand plan for the real movers and shakers that have be running this company from the get- go? Where did SPR come from? Who is actually behind them? Only registered in the U.K. last autumn! Nothing on their records at company house! Who are they? We ain’t got a scooby!
Yellow Dragon, Oak Trust Guernsey Obtain Stakes In Bushveld Minerals
ld Minerals Ltd on Thursday said Yellow Dragon Holdings Ltd and Oak Trust Guernsey Ltd now have holdings in the vanadium producer. Yellow Dragon...
https://uk.advfn.com/stock-market/london/bushveld-minerals-BMN/share-news/Yellow-Dragon-Oak-Trust-Guernsey-Obtain-Stakes-In/80502452
@Valient1000 , yes, I remember col45 from the early days very well. The names are an obvious similarity but there isn’t any relationship between them other than that.
You’re correct in saying colt45 had contacts with the orange trust group. It was him that told me that contarary to popular opinion on this bb. Yellow Dragon who were thought to be Chinese group of investors, It’s they who FM brought on board ton help BMN fund help fund the purchase of Vametco buy from Evraz and later became Oak Trust whose investment vehicle is Orange Trust - were a group of mega wealthy S.A investors and nothing to do with China.
We now know by virtue of the recent MUST RNS that there is also a tie up between Arcacia whose benificial owner is Barromeo and Oak Trust. The aristocratic Borromeo family were said to be the original founding members of BMN. I’ve always believed FM was just the public figurehead for the group. FM’s been removed from the spotlight here - but it wouldn’t surprise me if he’s still closely involved in some way.
@IselworthSpy … nah, not aggrieved, just amazed at the convoluted secrecy that still seems to be playing out here. Even SPR are shrouded in secrecy - apart from the press release that came out with their involvement with all this, no- one has been able to uncover anything about them, no- one has a scooby who they actually are - they’ve come out of nowhere. Absolutely typical of the secret society that has always surrounded BMN since its inception. A story right out of FM’s historical scrap book in fact.
“But what this has to do with FM, i have no idea”. Dunno either - all above my pay grade - but ive never had any doubt that Borromeo apart from Arcacia being his investment vehicle is also a member of Orange Trust.
FM in conjunction with Borromeo AND (originally his wife whose shares he took over) - and Oak Trust/Orange Trust (who were said to be a private group of very wealthy SA investors) were the founding members of BMN. I’ve no doubt at all that this group were also the ones behind the mysterious consortium of four that FM said didn’t want to be named - that invested $30 million to increase CellCubes production capacity. That group are thick as thieves! I can’t see them giving give up all their years of best laid plans very easily!
One saving grace in all this - CC is no fool, he will know all there is to know about the previous history and involvement of those guys - and he’ll recognise any attempts at a stitch up - if there is one in prospect. - from 20 paces!
All seems very incestuous. I’m wondering where Garnet fits in all this!
Mustang Energy PLC Form 8.3 - Mustang Energy PLC
Source: RNS Regulatory News
RNS Number : 9474D
Mustang Energy PLC
21 February 2024
Mr Jose Roy Hernandez Borromeo is therefore treated as the ultimate beneficial owner of Acacia Resources Limited.
Contact name: Mark Fouracre
Director - Oak Trust (Guernsey) Limited
Emile Thompson
Assistant Manager - Oak Trust (Guernsey) Limited
Weren’t Orange Trust said to be the investment vehicle for Oak Trust?
Assuming, receipt of final funds by 14 March 2024, the Company will have sufficient working capital until it receives the consideration due to it following the completion of the sale of the 50% interest in Vanchem and its 64% interest in Mokopane.”
How can they say that - do they know when the sale side likely to be completed? We still haven’t sold anything yet!
Were SPR’s funds for that side of the agreement arranged to be coming from the same capital backer source that are now in default?
Are Acacia in fact those capital backers?
EU and US FeV price parity
ON FEBRUARY 22, 2024 BY ALICE AGOOS
A US steel mill reportedly bought 10 tons of FeV at $12.60 per lb.
Given that this was one of the few known spot sales in weeks, the price appears to be a good market indicator.
European FeV prices are around $27.50 per kg at a virtual parity with the US.
Getting out of CellCube and Mustang is one thing - yep, non- core and provides some desperately needed cash.
But he’s openly admitted that he’s going to refuse to provide any more funds for an already completed and ready to go electrolyte production facility - imo that is quite another.
Unless it MN puts some substantial signed and sealed contracts for electrolyte supply where his mouth is - the decision will be taken to dispose of ELZ factory at the end of next month. That is what CC has said he will do.
Imo - he obviously see no long term future for V based electrolyte in S.A. - the African continent as a whole - that alone is over 50 countries right on his doorstep! - OR the ROW.
If MN comes up with the goodies in the next few weeks - maybe he’ll change his mind, but I’m not holding my breath!
What “tight supply” ? We’ve been hearing that for years too! V price is dirt cheap because there is no demand. The only demand in the ROW will come from the steel space if the global situ improves - that is what CC has made abundantly clear he wants to concentrate on and that’s why he wants out of the energy storage space.
Outside of China the energy storage space for V is no longer worth the candle. Imo, it has to be admitted that V has lost the Lithium disruption battle in the ROW.
Huge energy storage projects are being planned and even now, starting up all over the globe - even in the current global climate but V is very noticeably - out of the picture!
Imo - it’s something that CC - coming in with new eyes, has fully recognised and why he’s setting the company up to maximise its core V production existence and drop the involvement with batteries.
Yeah, shame such articles about how many zillions of GWh are planned to be going ahead in China. - and there have been numerous in a similar vain over last few years - don’t have and never have had, any impact on V demand or price.
Instead China stuck a 13.5% import duty on it - they obviously don’t consider they’re gonna need our stuff and so we so no longer export a bean to China.
And despite all the hype - there no current signs of those Chinese guys buying it up like there’s gonna be no tomorrow whilst the V price is at rock bottom in order to supply those zillions of expected GWh’s.
Maybe they're waiting to make a rock bottom offer for our mine so they can supply themselves with as much as they need. Maybe it’s the Chinese who are - behind the scenes - the ones responsible for SPR’s missing funds but want to just keep BMN ticking over with a drip, drip policy until the time is right to make their move? Just a thought!