Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
And nor will they now. Not if they have any sense. I wonder if the Blackrock board representative has got the sack...lol
You can listen to Troajan if you like but I think the vast majority cannot see any way back.
Pointless links all very pointless now. This is over I dont know why they dont put everyone out of their misrey and just tell us we've lost everything.
Thats all. Just sayin.
Well that pretty much seals our fate IMO. Kiss your money goodbye boys n girls. Masterman/Justine I do hope that one of you reads this board. Bloody disgrace. This should have been up and running as promised years ago. Had it been we could have ridden out and managed any issues that came up but we were so delayed and over budget by the time that covid and energy prices came along we were screwed. Mismanaged from day one. Wrong steels, wrong kit, **** poor suppliers selected, too manay management changes on the ground and I still think Pablo left because he could see where this was heading. Only one man to blame for where we find ourselves. Disasterman. Anyone know where this really leaves us minnow LTH PIs? What happens to our shares? I've never been in this situation before.
Out of pocket I suspect....
What difference does it make invested or not. Not a jot. It was in the main the non invested posters on here who foresaw this appaling situation way before it was upon. I for one wish I'd listedn to them instead os the rose tinted mob. Some of whom appear that they may have got out just before the suspension...more like suspicious.
Coincidence. I'm sure a lot of people bought at the same times at the same prices and have similar exposure. Same as the coincindence that someone knew exactly when to dump a huge volume just before the stock was suspended. Maybe you should focus your conspiracy theories on the posters who have coincidentally disappeared since that event.
God this is painful. I've alwasy said that when I go I want it to be quick and hopefully painless. Unfortunately the death of W Resources is proving to be a slow dragged out terminal affair. Every day that is passing without production but with the cost of financing the debt is a nother day nearer to our demise. The lack of information is once again appalling. I know its not a tradable share but surely Masterman could give a report of exactly what the f*** he's doing. Is he trying to save our money and mine behind the scenes or plotting a least painful exit for himself. Excude my lack of trust in the man but any trust I had in Masterman went a long time ago. Unfortunately my own greed stopped me from bailing when I should with a £20k loss rather than the £43k loss I'm now facing.
We have been treated appalingly by Masterman for too long now. Mislead, mismanaged, mis-informed, spun promises that he probably knew he couldnt keep. The strike was over pretty much by the time we went into suspension. My research tells me that the gas situation was also in hand before suspension. Maybe Masterman and Boris are related? Did anyone attend a cheese and wine meeting with Masterman during lockdown? They both seem to have their own versions of the truth and both think that we are all stupid. I may have been stupid to believe Masterman and his slick presentations all those years ago (and I was) but I'm not so stupid that I dont know when a company is seemingly bust.
Still interesting that there has been a notable absence of certain posters since that big sell off just before suspension. Highly suspicious IMO and stinks of someone being in the know.
Agreed GUG. Total sense and a reality check for the faithful rose titnted brigade. I cannot currently see...or more especially hear anything from Masterman who seems to have lost his voice again, this project coming back to production as W Resources. I CAN see it being sold off as a pre-pack/phoenix company and getting rid of the staff (legally)would be a step in that process. The LT Pi's would be left high and dry and Masterman (and those in the know) will be able to ride off into the sunset with some soprt of deal. It may seem that I don't much like Masterman...I don't! He has screwed this project from the get go and its about time he was called out for his mis management and failings.
My ii account shows my 150,000 WRES shares now have a zero value. Anyone else got this on their share account? Last week they were showing as a value of 2.65p. Now they are showing as 0.00p!
I didnt make the statement I asked the question "was LP not previously mined by Rio Tinto and adandoned?". I've jujst serached for it and sadly not found it but I was pretty certain that going back a good number of years, very early on on the project Masterman hired a few ex RT employees who had previous experience at La Parilla. Maybe my memory is playing tricks on me.
"even rio tinto's mongolian copper mineproject ,is fraught with problems and delays and that's the worlds,biggest mining comp". And lets not forget...was LP not previously mined by Rio Tinto and adandoned?
Cant see anything in any of the Spanish papers about a truck strike. https://www.worldpress.org/newspapers/EUROPE/Spain.cfm
Not particulary WRES related but there aint much to say about WRES that hasnt already been said a million times now. We are in the lap of the gods.
Fuel (Gas) increases is hitting everything. Crematorium costs have gone up quite dramatically because of the cost of gas. Most of the crems round my way were around £750 - £850 but are heading steadily towards the £1000 mark now.
Then the bleating will start about Funeral Directors being a 'rip off' again.
Fact is around £2000 of any funeral cost is external disburments that the FD has no control over and are passed on to the family. ie most FD's outsource the collection and removal of bodies to specialist companies/NHSdoctors fees (now there IS a rip off!/Officiants fees (vicar/celebrant)/Crematorium and /or burial fees ( we have a new cemetery near me that charges almost £2000 for a burial plot and if you fall outside of the council area and want to be buried there you can treble that to almost £6000!).
Just to quash the BS around funeral costs that the media publish with figures of £5/6000+ funerals bandied about. You can get a really good send off round my way for £2900.
The last Channel 4 FD bashing (Channel 4 hates FD's) programme showed a black family in London moaning about paying nearly £8000. They had a horse drawn hearse (£££), a dove release (£££), a balloon release (£££), Umpteen Limosines (£££), an American Casket (£££) and a burial plot in a central London cemetery (£££££) and Channel 4 blamed the FD for ripping them off. Its a bit like wanting a Ford Mondeo, but ordering a Bentley and then moaning about the price after it arrives.
IMO
Total failure 90%
Pulling it out of the fire (AGAIN) 10%
Masterman is going to have to put on his best ever snake oil used car salesman charms with the Spanish Gov and the Finance lenders to keep the lights on. My understanding that this suspension has a max of 10 working days days to run before it is either lifted or we all kiss a fond farewell to our hard earned cash. So taking into account the bank holidays (which I assume dont count) we have until 20th April. I may be wrong on that but that is my understanding and I stand to be corrected by those with greater knowledge of these things.
Either way i'd like to see Masterman go and be replaced by someone who can actually deliver on the promises, and actually do the job.
Or a job to earn enough to cover his losses...lmao
Long enough for Masterman to add it to his 'Book of Excuses' .
This is sweet stuff all to do with the last two weeks of unrest in Spain Sleeven.
This project was promised to be delivered about 3 years ago and its still not even close to completion. Masterman is a bloody disgrace. I'm not bleating about my money having now all but gone down the drain thats my decision and I'll kive with it. What really makes my blood boil are the constant assurances and promises that have been made over those years. The constant stream of paltry excuses he's come up with to explain his failure to deliver, lets hope it doesnt rain whilst they are on strike!! we can cope with anything but rain!! I wonder if he worked for British Rail at one time and was it him who cam eup with th e leaves on the rails excuse?
"Either way the RNS is economical with the truth" Welcome to the world of Michael 'Disasterman' Masterman.
I too would stop short of using the word lie but over the years he has promised far far more than he has ever delivered.
Maybe if you hadn't blocked al the people you class as disruptive and negative because of their suggestions that Masterman was a total f***up and unable to bring this project to success you may have held a different view than all is rosy in the garden. Its a bit like Putin I suppose, sat in the Kremlin only hearing one side of the story and that all is going well whilst the truth is he's getting his a*** kicked. If you only listen to one point of view you can never have a balanced viewpoint.