Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It sounds wrong. Would you buy £3m ish of shares without a third party brokering the deal, this was 1 share certificate holding all Queelds shares. Surely you check with EUA's share registry that Queeld's holding is valid, say to the registry that a transaction in those shares will be happening, pay for them and have money held in a client account by a third party until a new share certificate is issued then release the funds to Queeld.
Post at 18.54
"Did you not listen to the recent interview where the guy opened up by congratulating LB on the discovery of He and Gold Hydrogen"
He opened up by saying "Congratulations on finding commercial levels of helium and hydrogen"
Prior to that in his introduction he said He1 had a commercially significant find of helium.
My take was commercial as in above the 0.5% ish needed to be commercial, no mention of commercial amounts.
I was invested here some years ago and sold out as it didn't llike it would ever come off. Saw GCM post come up on the left of the screen about 10 days ago and thought I would catch up with what was happening. Looked like a decent win or lose bet with so much upside I decided to buy in again. Best of luck to all holding, hopefully after years of waiting it will finally work out.
MAB, you can't help yourself with the total bobbins you post. Still hold all my EEE. Interesting to see some bigger trades coming in, might mean something is brewing but I'm not tempted without confirmation something may be happening. Could just be Carlito adding ;)
Yana actually raises a relevant point which doesn't seem to be what anyone wants to focus on. What is being constantly repeated here, 4.7% commercial helium.
You have UP TO 4.7% helium from just 1 of 3 intervals tested. What did the other 2 have? What flows did they have, what were the constant rate % of helium over the flows. There has been a raise 2 days after a positive RNS, that raise at a 25% discount to a closing price that was much higher the day previously with a lot of the information that would have been gained from testing not given.
I have no doubt this will be viewed as negative and it's not meant to suggest this cannot be a highly successful investment but you don't have a commercial well with a constant flow of 4.7% helium yet.
Not sure why people seem to have a problem with LoveHandles, SB has made the same point in the Crux interview, the route to getting Titanium oxide out of the source rock at high concentrations that are saleable is the key here. You can have the biggest resource in the world but if you can't extract an economically viable product from it that resource is essentially worthless and SB's route, to answer the question of how do you extract the Titanium, how much will be recovered etc are what actually matters here. This isn't a pure Rutile play like SVML with the Rutile being feedstock ready at over 95% Titanium Oxide so no processing needed. It's a far more involved (and expensive) process to release the Titianium Oxide and get it to a readily marketable product.
I found this via a header on this site saying Rio had bought in which always makes me interested and looking at what they have lead to me investing. You only have to look at HE1 to see what happens if the traders start pushing a share although I would prefer them not to in some ways.
I think production could be earlier than 3 years away and, in it's self, isn't why it's so quiet here.
The lateral area of the resource they have, which is increasing, means production could be scaled up over time as a number of smaller processing plants may suit better than just one very large one. You would think that if Rio take over they would want to be producing at higher rates than mentioned in the FS.
MAB, I've "gone" because on Friday I sold my holding here. I assess my investments on a regular basis and the update via YJ didn't make me feel much was happening soon. That was my choice and isn't intended to try an infuence anyone but I look in on this bb and you are up to your usual goading for replies from me hence this post.
Best of luck to you and all who hold here, hope it comes good for you but for me there are other places to put my money.
After an early spring clean to clear some other holdings that don't look like doing much I have been building a holding here and plan to add more. The RIO angle is clearly very interesting but Sprott being in for 8% is another plus for me.
The Yellow Jersey replies don't give much hope of WK being sold "Should a buyer emerge" doesn't suggeset nuerous buyers fighting over it. Is this why the Rosgeo JV money raised was moved to WK? Sort the tax case and restart production and continue to drill the 2 flanks areas to prove up some extra reserves/resources.
Richard98,
Point to a single post where I have gloated or wished ill on any investor here. Nor do I troll. When posters put up ramping nonesense like claiming WK will give £200m in dividends over 10 years I try and explain why it's a load of b...... It's about pointing to the reality of what people are invested in. I am not and never have suggested anyone sells or this is going to come to nothing.
As you admit yourself, nobody needs to trash the share price, the BOD are doing a wonderful job themselves in that respect.
Hi Beast,
The life of a mine depends on the rate of mining and what is in the mine. EUA have said target production at WK is 64,000 ounces a year, a point raised by another poster. As current booked reserves/resources at WK (allowing for production since the figure of booked reserves/resources were released) is 4200kgs ish and as 64,000 ounces (troy ounces)is 1990kgs then it if they were to produce at 64,000 ounces a year the mine life as it stands currently is just over 2 years (4200 divided by 1990 = 2.11 years). As the 2 flanks areas have zero reserves/resources booked and are exploration licenses then there is nothing there that can currently be produced. That can clearly change if reserves/resources are booked and mining and production licenses are awarded.
An electric drag line doesn't alter what is in the mine, only the speed at which it can be mined. The court case was about a tax rate, that doesn't alter what is in the mine. WAI gave a valuation for part of the NKT area.
As EUA have never provided a cost breakdown for WK from what they have produced there it's worth is unknown to shareholders. The fact the average grade proven up at WK is low and they have recently been mining lower grades calls into question it's profitability. The WK DFSwould give all costs and economics for all shareholders to see, it's never been published.
Expertise in geology isn't needed, EUA themselves only refer to some of the recent drill results in the flanks as "potentially economic". The average grade of proven reserves/resources at WK is 0.325g/m3 of ore, 0.2g/t. There are other metals in the basket but in low amounts.