Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Financing as per 2nd Jan RNS was supposed to complete today 15th. This has been pushed back, no way I can see Anavio agreeing to 0.15 especially when they forced COPL to previously change placing price from 4p down to 2.6p prior to the disastrous updates that followed that. And let's just forget the debt of over $135M and growing shall we?
Put simply, there are many many reasons why this is priced to fail
They could have simply re-entered Tai-3 and continued drilling deeper there, but there is obviously something compelling for them at Itumbula based on the data they have which may turn out to be money well spent for the company and shareholders, even if obtaining the money was painful for all shareholders concerned. My reckoning is that a commercial discovery will propel this back to 1 - 1.5p for starters so decent money to be made here for the brave!
I can't see the MM's over there offering over 100% premium AND a buyer being prepared to pay over 100% for just $2k worth of shares there without something else going on.
Maybe we'll find out soon .....
She did a perfectly good job with the interview actually, and it was quite detailed - no BS and no over hyped words - quite measured actually. The proof as we all know will be in the drill which is now well under way. Any sniff of a commercial discovery and all that happened prior to that will be forgiven as even the LTH's here will be back in the money...