Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It starts from 22:15 if you do not want to listen the whole things. Did he used the word 'Oven Ready' like I did in my post few days back. Obviously, copied from our PM Boris though.
https://shows.acast.com/uk-investor-magazine-flash-briefing/episodes/the-signs-potentially-signalling-an-equity-rally
Huge potential multi-bag in the making at different stage once license is granted from Togo.
Assuming directors are in Togo as they said they will be travelling early November, they might be spending couple of days to get rid of jet lag. May be weekend off to drink few pints of beer in lovely weather of Togo with dignitaries. Early next week, meeting with newly appointed mining minister and by Wednesday or Thursday, she will issue the license. It will be lovely if it pans out like that.
KRS is planning for 6,500 tonnes per month and phase 1 expansion to produce 25,000 tonnes per month within first year does look realistic and generate more revenue for KRS. Additionally, not to forget Utah mine will be generating revenues alongside Togo mine. Although, Utah mine may not look particularly attractive compare to the cost vs revenue. Who knows with new machinery on full production, Utah mine may be producing more than 7,500 tonnes per year as they did during recent mining campaign. Anyway, every little revenue will help company move forward.
Once, Togo grant the license, I am sure share price will fly on full throttle and more the production begins, there might be no looking back. Want to buy more but can only wish for as no fund available. Few of the good trades are going through. Other than that, it is really quite as all eyes are after rns stating license issued by Togo to produce manganese.
Lockdown in UK will have very least impact in the ITX revenue. Infact, whole of Europe lockdown as I think majority of the ITX income are from North America i.e. also on the recent New Wave deal for TSI 322. Lockdown should be helping ITX to generate more revenues as more household will be eating in their home and using dishwasher if they can afford to. But after the recent presentation from CEO, I am more inclined towards the proof of revenues numbers that company is generating rather than bragging about detergent industry market in the world per year. Because ITX as a company in whole is generating more revenue in dishwahsing detergent pod only and they are not the only competitors in the market. Despite more than 50% households in North America may have dishwashers in their home, I wonder how many of them could afford the detergent pod manufactured from ITX ingredients. Unless, it is cheaper compare to the other detergent pod already in the market, how many of the customers would be interested in changing their mind to buy ITX made product. If it is little bit expensive also, there are large numbers of household reluctant to buy it as they do not want to give up their disposable money for something that cheaper detergent pod has been giving them satisfactory result and especially at this time when saving money or even earning money is a lot to ask for many people.
I am hoping that John will release rns for Q3 trading update. If the sales figures are even somewhere around 0.6m to 0.9m for Q3 including October, then it is signal for continue hold or buy. Otherwise, it is Strong sell for me as I no longer wish to be in the promise land of John Shaw after staying for nearly two years by averaging when as funds was available. We have already seen the proof last week that how fast it dropped to below 2p in two days after presentation. Although, it is hanging to be around 2p for now and I don't know for how long as the revenues figures are looking bleak until we see the evidence.
I know most of you will be against my post but you are most welcome to continue averaging down your buying price per share in the hope of making some money in the future.
KRS is really looking great entering November and some of the upcoming news this month are:
- new plant for Utah phosphate mine expected to be shipped from Shanghai, China.
- completion of remaining 25 pits to make it total of 50 planned of the Ogaro pitting programme in Togo
- most awaited news is the granting of license of permit to mine from newly formed Togo Government who looks like new generation of Togo citizens that are eager to uplift the economy of the nation for the well-being of their fellow people.
Everything is oven ready for both Utah and Togo. Soon after the permit to mine license is granted, KRS will start producing 6,500 tonnes per month of manganese in Togo. Phosphate mine in Utah will start producing commercially, once the new plant is commissioned in early next year.
We may start seeing upside in the share price as investors would start taking their position in anticipation of widely expected mining license from newly formed Togo Government. Directors are really pressing on for it and their next travel to Togo soon hopefully may be icing on the license that Togo Government will be granting.
There is no doubt that this is going for a slow fall unless John do something spectacular to save it. The presentation yesterday was the same ****e he has been feeding us on and on. There was nothing new at all. With no new contract rns or rising revenues numbers proof in the coming days - we will even see itx share price below 2p and lot lesser. Feeling deluded on his continuous bragging of momentum in orders but can't even show the numbers individually on each product line. It was nothing to do with whole market crash yesterday rather shareholders bailing out.
Finding of few big diamonds would be the only imminent catalyst news that I can think of will swiftly push the share price higher than what it is right now. But listening to Mike on recent presentation seems to show that it will/can be highly unlikely of that happening. Other than that, mining upgrade happening at the end of Q4. 2nd machinery equipment will only be up and running starting next year and connecting to national grid by first half of next year. Although, production and revenue rising monthly. So does the operating cost where even on that 50 days of mine closure from Covid-19 alone cost BRD around £550,000 for care and maintenance only. Not to forget, Covid-19 impact on diamond industry is also not helping BRD share price.
When all things going well, why do you sell? They must be really smartass otherwise jackass.
Looks like the presentation of tomorrow which was going to happen after agm is postpone to next wednesday and he is not doing twice.
Is it that the directors are trying to do themselves a favour by selling diamonds prior to presentation so that they can at least brag something on the diamonds sales at this uncertain diamond industry? Last time they sold it for $330 per carats and this time is for $300 per carats.
Looks like 9.7 carat diamond found on Sept. did not fetch for over $50,000 despite estimating to be $75,000. Or is it that directors are still holding it in the cupboard to sell it later when market recovers?
As the presentation is on coming Thursday, they might even release the rns on that day saying we found another big diamonds which could be sold for over $50,000 in the market.
Can Itaconix will have similar success in second half as in first half? Very hard to believe. Most of the revenue of Half 1 was from TSI 322. Nobody knows how is the market for that product doing in real. There is no concrete evidence on the sales performance of Itaconix other product. John has always been vague while reporting by just stating orders has increased on all line.
No, new contracts of sales are coming otherwise I am sure John should release that information in rns. I am a shareholder too not deramping - just telling the truth which could be hard to swallow for some in here.
The only positive part is directors have significant holding which provides glimmer hope for some positivity on the horizon.
If the Q3 trading update or upcoming rns shows continuation of similar pattern in sales and revenue as was in first half, then, we are talking about rise in share price. Otherwise, share price may go upto maxi 3p prior to presentation on next friday hoping it will be good presentation. And if it is not a good presentation to the shareholder expectation, then we will be back to 1p level even less when II starts selling in big number getting disappointed.
Hope it is going good on the background and it will be worth holding itx shares under John dream.
John Shaw has zipped his lip on any new development that ITX is undergoing after fundraised. Although, there is increased in sales and revenues in the first half which I think is entirely/mostly from TSI 322 new product release from New Wave clients (despite John Claiming orders has increased in other line of product). Hoping that momentum is building rather than stagnating.
Looking forward for what he has got for us in the upcoming presentation next week. Will be surprised if ITX release rns of new orders/clients of substantial amount before presentation.
There seems to be only few hundred shares available for play in the market. Almost all of them are holding it very tight-knit. Share price is still at .10p per share prior to shares consolidation done last year. Can you ever imagine? Yuck. Anyway, all because of mostly by Covid-19 and partly by our respected directors raising more funds through dilution i.e. also twice. And their participation was mere total £15,000 only out of over £2m. Great! inn't?
However, BRD should have around $3m dollars in CASH, ramping producing diamonds mine where directors believe BRD will become cash flow positive and profitable in the second half of 2020. Point to be noted- Mi Lord. Debt knowledge-to-date £49,000 paying 35% interest rate to former CEO Adam and he took recent interest payment in the form of shares (must be laughing at directors and us) cause he knows BRD share price is a joke atm. Lots of value to be made here.
Q3 Production report landing any soon. It will reveal lots of information on the performance of BRD share price in future.
In overall, it was a good day today. Although it was more of sellers, there was some good chunk of buyers too. Both of them thinking that they have made the right decision.
John Shaw in his recent proactive interview has mention that he expect to give better interim result. Point to be noted - Mi Lord.
Looking forward to presentation and trading updates too which is also happening this month. Those rns will unlock my decision whether it is worth holding further. Nearly, two years passed of averaging down and finally on blue. I think I cannot continue becoming too optimistic on John Shaw if the results are not excellent.
Although, we have received H1 2020 trading update where we already know the revenue result. The expenses are yet to be known. They have already minimized expenses hugely last year and hoping for this H1 2020 too which we will find out from Interim result. We may also find out forward looking statement on that to understand the glimpse of what is forthcoming if John is willing.
Upcoming near date rns also include trading update and we may find out both interim result and trading update prior to AGM or could be trading update information be available on presentation happening right after AGM.
Like all other shareholders, I am more interested in any new business contracts win by ITX and recurring orders from clients rather than sitting on the pipelines.
I think interim result will be before AGM on 23 October as they are immediately doing open-access presentation following AGM. Similarly, it's been long that we have not heard about new contract. Although, John mention he has been having meeting with potential clients. It will be icing on the cake if we get new clients or another big orders before AGM. Afterall as he said he is particularly encouraged by the progress of converting detergent project pipeline with aggregate annual revenue potential of $20 million into new customer product launches, including the volume under the New Wave detergent polymer agreement.
But that $20 million annual revenue seems to be far off the line to be materialised. Hope it is not overly promising on that detergent alone.
On the going concern, it is mention that BRD has £2.1m cash on hand and approx. 2860 carats in stock at an estimated value of $330 per carat i.e. another $900k approx.
On 2nd Sept. they had sold 3805 carats. So it looks like Sept. alone production was 2860 carats. If it is true, then, we still got 3 months left for year end and even producing 2000 carats each month will make 6000 carats i.e. around $2m.
BRD also expects to be operating cashflow positive and profitable in the second half of 2020.
Some of the upcoming rns in the near date are:
- Resources upgrade report where we have been told that it will be released by Q3. Hoping it will be tomorrow.
- Sales proceed of 9.7 carat diamond found: independent estimation to be of $75,000
- Q3 Production Update
- Interim result
- Possible recovery of high value diamond
Look out for possible rns on big diamonds found tomorrow cause BRD announce it on Thursday if their is any.
OR
May be rns for TR-1 notification of major shareholding as 5,000 & 10,000 shares buyers are not finished buying it.
Obviously their are sellers too.
The shares are slowly flying off the shelf. Don't delay buy today!! before its too late.
Recovery in the diamond market are happening :
https://www.iol.co.za/business-report/companies/de-beers-records-a-176-jump-in-rough-diamond-sales-251adf0e-dfcf-4307-8d97-3061a70d5be4
bod has already mentioned high probability of more big carat of diamond will be found the more they dig.
It looks like that Mr. John and his team are too busy fulfilling the orders that they are giving us the notice on the date when both half and annual report which are already known will be published.
Nearly three months is passed of fund raised and no credible news or whatsoever update from the bod. Losing confidence. We need the news of contract win and orders increased Mr. John.
Half 1 2020, trading update published on 22nd July already shows us itaconix grows revenue by 80% in first half to $1.1m
Cash balance is $2.2m of fund raised done on 24th June.
Teichmann, the company who has operator contract in BRD has 29% of shareholding (their Confidence!) . Now, Edale Capital with 5.84%. Obviously, some few percentage are with individuals who wants to hold atleast to the extent when BRD is fairly valued i.e. above 150p per share. BRD fundamentals are great, only share price is down due to overall market problem from Covid-19. The good thing is diamond market is recovering and re-rate in BRD share price will definitely be there.
The revenue to date on the total sales of 6217 carats of diamond has already brought BRD $2.2m . Awaiting sale of recently found 9.7 carats of diamond has independent valuation of $75k. The company is now operating in the area where diamond mined has significant improved average grade of 5.1cpht.
So more single stone of high carat found, the more the generation of revenue in $$$'s.
Fully funded.
New selling strategy to sale at Antwerp diamond market although adopted, BRD is easily getting clients to purchase its quality diamond within Africa itself.
More good news are imminent and not to forget, look for BlueRock Diamond twitter for recent and future updates.