Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The US also now has a problem growing in Syria due to shooting down a Turkish drone.
NATO vs NATO fighting there currently -
https://www.bloomberg.com/news/articles/2023-10-06/turkey-hits-kurd-militia-in-syria-after-us-downs-its-armed-drone?leadSource=uverify%20wall
GLA
I think there are those that know the real situation in the US, hence what's just happened with the government over there.
As the Ukraine conflict has went on they've been blindfold walked into a migrant border crisis which appears to be causing the wider US some very large scale problems.
The counter offensive always did only have a tiny percent chance of working, it rested mostly on hope than actual real analysis of military capabilities of the two sides in the conflict. Ukraine never did, nor never will have the numbers to fight Russia. Therefore, the faster they got to a negotiated peace solution the more lives that would have been saved.
Their most logical path at this point is still as a non military aligned EU state, where extra defences could be put in countries bordering Ukraine, but, away from Russia's border and therefore not seen as a direct threat at Russia's border. Ukraine gets EU membership (well, if it sorts out the corruption which is being spoken of by quite a number recently) and Russia gets no direct threat at their border, so, it's still the most plausible workable solution to the conflict there.
GLA
Https://www.theguardian.com/commentisfree/2023/oct/05/biden-us-strategy-russia-ukraine-war
GLA
Mizman, the tide is turning on the aid to Ukraine, several European countries are now also voicing that they no longer want to fund the conflict there, which, inevitably can only lead to forcing Zelensky to the negotiating table.
Although it's not put out in mainstream media, i don't think either side has much appetite for the conflict running in to 2024. That's just my opinion however.
Pat, you forget, everything at Eurasia has been put through and signed off by Russian authorities, all and any assets are going to BRICs entities, companies from the bloc which Russia sees as allied partners as they turn their back on Western systems. If there was any issue then the DFS would not have been signed off.
The SP is irrelevant, it's not a company sale, it's the sale of Russian assets which are all held in Russian subsidiaries. So, effectively it's a sale of a Russian subsidiary company to a BRIC's party, all guided by Russians who know their system like the back of their hand.
It's an orderly exit which most likely leads to stronger ties between Russia and the country that the BRIC's buyer hails from.
GLA
And that ladies and gentlemen is how vast amounts of new funding arrives at the BRIC's table -
"As well as developing local mines, there’s also another element to the plan that industry insiders say is less speculative and quicker to get up and running. Saudi Arabia wants to buy up resources from elsewhere to be refined and processed at new facilities inside the kingdom.
In July, the country announced its first big push into international mining. It took part in a $3.4 billion deal in Brazil, buying a stake in Vale SA’s base metals unit alongside investment fund Engine No. 1."
GLA
Another opens -
"Saudi Arabia’s crown prince looks to metals as new source of wealth"
https://www.mining.com/web/saudi-arabias-crown-prince-looks-to-metals-as-new-source-of-wealth/
The predictable throwing of billions at the new target is always a welcome sight.
BRIC's
GLA
"favourite buyer is NN" - I wouldn't rule China out, they've bought a crazy amount of Lithium mines over recent years and a good Nickel, Copper, Cobalt etc source would be highly valuable to them. They also have a tendency to bid far higher than all others to secure what they're after.
Perhaps a JV buyout involving both NN and a Chinese entity, ultimately leading to a stronger BRIC's in the medium to long term.
GLA
"Credible party still at the table" - Indeed, from the FSP days no doubt, hence why the two sales will be far different. But, yes there is a but, the pool of potential buyers will be the same imho
What the conflict has done is simply lock out Western parties from buying any large Russian assets, as such, they will all go to BRICS. For BRICS it is a very large WIN. If you're an emerging economic bloc you need lots of high value assets, the bloc has many and a lot of very large ones are in Russia.
GLA
It's a flash sale so it has many things which do not apply to Eurasia. Eurasia started their FSP long before any conflict took place for example, so, there will be some large differences to their sale process and that of Eurasia's.
The main point is very simple, even with a prolonged conflict, there are plenty of buyers willing to buy Russian assets.
GLA
Https://www.ft.com/content/5a8ed4a7-2bad-4948-a56b-355c61a93a8b
Incorrect Panino, it's even in RNS -
"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."
AIM rules are AIM rules.
GLA
No there isn't, it has to be put to us shareholders to vote on before any disposal takes place.
Logically, for any of us shareholders to make an informed decision on the asset disposal, we'll have to see the DFS details. We wouldn't have any way of valuing the main Monchetundra asset without such details.
GLA