Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Everything is going swimmingly here I see, double digit fall this am on no volume and a couple of piddly sells!!!
I thought there may have been a change in direction last week and some news would be arriving, but wrong again, all quiet and nothing happening.
Mr T
IP,
I didnt say "the end of" I said due by the end of!! so it could be any day between now and then.
My guess is that it will be towards the end of!! as in the case of most AIM company's, they nearly always stretch it out to the death!!!!
Keep an eye out for a sudden uplift in volume, sustained, then an uplift in the sp, this imo will be the precursor to news??
Mr T
Asimple, agreed.
News is due by the end of Q3, so we should receive some within the next 6 weeks or so.
I expect the sp to start rising in September in anticipation of good news, to my mind it cant be anything but "good news", nothing has been suggested to alter my view.
How much the sp will rise is anyones guess, but currently we are valued at a paltry 5M!!! so there is plenty of upside here to be had, I expect the sp to surpass its recent highs at least.
Mr T
Yes, and potentially more!!!
It will depend on the deal for Mankayan, if favourable then more, if a trade sale ie pre listing then around that number.
Add in Hope once the licence is issued and Eureka then you could be looking at 0.40!!!
Mr T
DVH,
Yes I could have had a good old go over there with Smiller, but, it is never nice to see your Investments eroding!!! as we know all too well here.
UFO appears to be in a downward trend and the market obviously do not believe or like what they are doing. Constant board changes are also a negative sign, once BB left the rot set in!
The sp will slide until the BOD supply more details, assuming they have them on how they plan to proceed?
BZT, is stagnant, but, the good thing is Mankayan, as I alluded to earlier any significant news this will be .020p easily, we just have to hang on to our share of it and not let it fall any further!
Mr T
Troajan
there isnt,on the mankayan,that one,could drag on for ages...
It could, but at the recent AGM CB insinuated news imminent!!!
Watch for a market move, that will tell us something is happening.
Then again, CB has been wrong before, he probably is now!! lol
Mr T
Troajan,
We are still awaiting the licence?
Then its onto finance which may include a JV!
Mankayan is the key here imo, any sniff of news in that direction and the sp will rocket from these levels?
Our share conservatively is £7M and could be several times more??
The Mankayan site is Tier one!!! was valued at £70M several yars ago!!!!
Mr T
Indeed, what is not to like??
The bloody share price for one, the main driver to entice investors???
It's going down not up despite all of these fantastic assets.
CB inferred imminent news from Mankayan, let's hope for once he is right!!!
Mr T
PP
Good post, exactly where I am coming from.
Problem, CB has to somehow release this value to bzt, if he can then we are in the right stock!
Time is the issue, it would be good to get some traction on Mankayan as I believe this is still where the value lies for us. Tier 1 assets are very interesting to the market but for so long here there has been silence.
Mr T
Silver,
"I am doubtful that any meaningful benefit will accrue from what's left of the Mankayan interest"
Why?
We still hold 25% of the asset or thereabouts, it must be worth north of 25M at least, therefore that would be 6.25 million quid, that alone is more than double the current m/c??
Back in the day wasnt it valued circa 70M quid!!! therefore why would the value have dropped in the time since that valuation especially as we are told that work has continued proving up this asset???
If worth 70M now, that would equate to 17.5M quid to us?
The only way I see there being no value or benefit accruing to us is that nothing happens, say for 10 - 15 years and we get diluted out of our share through cash calls to keep it alive but we do not participate?
There is a possibility of a trade sale where we sell our share either to the current majority shareholders or another third party? this would result in a lower return to bzt shareholders and would not be the desired outcome. I wouldnt agree as a shareholder to sell anything to a third party if it was at less than 5M and nor should any other holder. Cant see it being to the curent majority holders as they would have to raise the cash, where from??
CB stated at the AGM something imminent regarding Mankayan, we may see a sharp uplift in the sp if that turns out to be correct, something will leak beforehand, it always does? watch for any shary upward moves inthe sp and volume over a week or so, it wont take much to move this!
I still insist we should have quarterly updates on this asset in the form of official RNS' to keep us up to date.
Mr T
Pricey
Thanks for the update and your time here.
Pity that there is no progress, as always!!!!!however few points to note:
Private buy out!!!! I would consider many small aim miners are ripe for this. Very seldom does it happen, the only thing that does however, is a delist due to ongoing costs being unaffordable!!!!! ie a cheap way of stealing the company from shareholders, they end up with zip!!!!
Merge with AP, don't like the sound of that either. Again, shareholders in the lower valued company are usually shafted, ie US!!!!!!
Mankayan, this is the most interesting bit of news, news is imminent!!! Now where did I hear that before? Imminent!!
Mankayan I believe is the only way out now. If it was announced that it was to IPO and a firm valuation was generated then bzt shares would rerate significantly.
I think this and a simultaneous announcement of Hope Licence and finance is the biggie here. I could see us at. 20p if that were to happen.
I'm underwater now, so will see how this pans out for now. but I have to say CB has delivered absolutely nothing up to now. Remember he said this was a 100M company in the making!!!!
Was that this century?
Thanks again Pricey.
Mr t
Pricey, did you attend the AGM, I know you were asking us if anyone had any questions?
Still no news I see, this licence is a fiasco imo, how long does it take? now over 12 months and counting. Remember CB told us the the Namibian Authorities were as keen as mustard to get this project up and running!!! Definition of "keen as mustard" doesnt fit the reality does it?
At this rate we will be running out of cash again with the sp close to Zero!!!!
CB really does need to update us now with some ideas of how long this delay will be? are we still in discussions with financiers or have they become bored with the whole process?
I cant remember the last time we were served with some positive news, 2020 was it???
Mr T
RNS - Update as follows:
The first phase of this process includes exhaustive laboratory test-work, testing several processing sequencing combinations, which is expected to be completed during the Q3 2023.
Based on the volumes delivered, we then expect to conduct preliminary pilot-plant testing at the joint venture's facility, which is now being assembled in Austin, Texas.
There we are, Q3, which as I say has and always will be the end of September, so 2 months to go for updates. Could be earlier, however.
Mr T