Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
That's right Picku - when introducing oneself to the BMN BB one must abase oneself at every opportunity. One must acknowledge one's ignorance (naive) and one must state one's position (long and strong, and preferably for how many shares, so that it can be recorded by the BB secretary).
You should get away without being attacked that way, just possibly.
FTJNY, it's right there in Fig.2 of the pdf link you provided - the originally planned hole 3 from Pad 1 was vertical (more or less). At some point not long ago, that plan was ditched and they did a much shallower hole instead. I fail to see this as a positive for Cacharposa.
Iceberg "As for hole 3 and 4 we’ve been thru this it’s exactly because of the pad 2 delay. They started hole 3 before the first drill from pad 2 an d the holes are numbered chronologically"
Yes we've been through this. Hole 3 was done with the first drill rig from Pad 1, as planned all along. It was done at a very shallow angle from Pad 1, which was not as planned. Hole 4 from Pad 2 has gone ahead, as planned.
Nothing has changed because of delay in the arrival of the rig at Pad 2. You're just making that up.
And Alfa, yes I do think that you are wrong on that point. If Enerox can be grought fully into the BMN stable for a reasonable price, then that's well worth doing. Doesn't preclude FM continuing to hedge his bets elsewhere, but it establishes the 100% owned BM brand which could pay back many multiples in the future. The time to act is early and that time is now. He is already making those moves evidently, but he needs to push harder in my opinion.
What i am "jibbering" on about Faramog, polite as ever, is that hot sectors have a limited shelf life in the eye of the public, the limelight (the sector itself obviously continues beyond that but no longer draws such attention). It pays to act quickly and capitalise. It also pays to establish Brand early.
Pretty straightforward concepts.
Agree, total waste of time for a company like HUM. In fact, share buy backs are a total waste of time full stop. Dividends or nothing at all. Better still, a balanced mix of dividends and growth.
Montecristo, you are absolutely right. SOLG's MO is to shout about good results loudly and to "hide" bad ones (moving swiftly on tactic). If there had been fantastic mineralisation in hole 2 from 500-1200m depth, they would have RNS'd it and shouted about it excitedly. Now they are changing tack and talking about re-entering hole 1 (Pad 1) and have done a much shallower hole 3. I think that they now believe/hope that the resource expands east, rather than west. Hole 4, Pad 2 will be completed to dispel or confirm the theory, and was well worth doing of course.
Anything is possible here, and the next RNS could be the motherload, but until those lengths and grades are RNS'd in black and white, then some on here are confusing conjecture with fact.
Earthling, exactly - these things are really rare, and it certainly re-inforces the value of Alpala. SOLG is a very healthy takeover target based on that alone.
Chances are that there's at least another Tier 1, if not several, within SOLG's premium title (is vital). For me however, the jury is very much now out on Cacharposa (remembering that this is only 1 target of many at Porvenir!). Assays from hole 2 at depth are KEY to confirm the original geological model. And obviously hole 4 from Pad 2 should intersect serious mineralisation from about 500m as it cuts in towards the originally planned hole 3, Pad 1.
Wow, no doubt FM will be watching...time to get Enerox fully in the BMN stable - who cares about whether it might be marginally better to do so or not to do so. Get one fully owned, tick that box and watch the share price rocket. And hurry up about it, as hot sectors can go out of favour as quickly as they spawned. Yes, VRFBs are likely to enjoy a long future, but BMN should capitalise on this first flush of interest to establish the Brand and to get the share price UP! Higher mcaps command greater interest from institutions and allow painless equity raising to really accelerate proceedings further.
One thing is for certain: Alpala is Tier 1. FN know it. BHP know it and NCM knows it. Everyone knows it. It's a class act, and it's not up for debate any more.
On the flip side, to say that Porvenir is Tier 1 at this stage is highly premature. I would like to know why hole 3 (vertical) was not drilled as planned, and no it was not because of the timing of the arrival of the second rig. Why would that affect the plan in the least? KEY at this stage is seeing what grades are in the length 500-1200m on hole 2, Pad 1. Why were we not furnished with the visuals there?
Addicknt, it's NM's deep, dark strategy that retail PIs can never fully know - it must be taken on trust! I do think that NM has made some strategic blunders in the past couple of years, as well as the positive progress that has been made. He's always been dead against JVs (selling the arms and legs of the company) and the sale is not tax efficient (apparently, and probably so). However, that leaves the company in this orphan period whereby it is fully funded to DFS on the flagship, but needs to go cap in hand to fund the regionals, and will need to do so for another 5 years minimum, if it carries on along this trajectory (get Alpala to production and then fund everything else from bumper cash flow). If he could pull it off SOLG could become a monster 5-6 years from now, but the way is fraught with risk and dilution.
Is that the VRFB market or the energy storage market that needs to increase 122 fold? Either way, let's assume that VRFBs capture a decent proportion of it - the contraint will be on the supply side (good for BMN). However, if supply is constrained Va prices will go up, until they reach a point at which it is no longer price competitive to make VRFBs, at which point it should stabilise. However, if supply is constrained that limits the annual VRFB output, and therefore makes the space vulnerable to competition - watch out IES holders.