Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
As usual smiller it isn't CB trying to 'twist' the facts it's you, this, given the problems at Caerus and the fact they had another licence rejected recently is undoubtedly good news for BZT plus we don't owe them any money. Now we can focus on our Hope project which the government want progressed expeditiously so this could really work in our favour. Up 14% as I write so the market likes it even if you don't!
Thx Appi wasn't really a theory as such more an idea of what could have happened. Obviously this note probably puts paid to the idea but should they need more cash in wouldn't be a bad play I don't think although we obviously have to make sure we have enough cash to fund ourselves through to first profits of course.
So as they have secured private funding they should still be progressing our Hydrogen unit let's hope there's no more delays!
Thanks for your response Appi much appreciated. So SM were to fund our Hydrogen build from their IPO funds, this much to my shame I didn't realise. I've been focusing purely on daytrading forex for most of this year and have taken my eye off the ball wrt my stock holds.
Well that presents a problem then doesn't it. We definitely shouldn't reroute any tx funds to help them but if and it is a big if, if we have 'spare' funds we could help them out but for a future slice of their equity when they eventually do go public. That to my mind could be a fairly shrewd move. Given their tech and potential International focus.
Fair enough D to E but if you had of commented then we could have had the discussion that the forum was created for. Still nice that you could be arsed to comment on the fact that you couldn't be arsed. Sure there's some irony there somewhere. Good day Sir.
Disappointing to come back to zero replies today barring of course the legend in his own mind Brad. Brad as mentioned mate you and Moagi are blocked and I don't mean pretend blocked I mean actually properly blocked, no peeping, no dodgy browser that let me down, no excuses, blocked and I've no intention of getting a plunger out to unblock either of you as tempting as that is.
What this tells me is that this whole saga has now dragged on so long that no one can even be bothered to post anymore. Who can blame them. One target missed after another after another. The poles and wires took an eternity to get going and despite the company line I knew they hadn't and wouldn't get properly started until the politicians deemed it so. The really disappointing thing for me is the missed deadline by Synergen Met, it's bad enough us missing every single deadline but when brand new partners also miss their very first deadline that ain't a good look. Add the missed IPO and it's all a bit of a shambles really. As no one has commented I'll investigate what has happened to Synergen Mets' Hydrogen delivery myself. If they've set another deadline I haven't seen it but if they have I hope to Christ they hit it! Then there's the poles and wires supposed to be all connected within a year and tested and commissioned some 3 months later was it? Anyone taking bets on that all coming in on time? I wouldn't touch that bet with a bargepole personally. As usual with this company they do seem to progress eventually but it takes eons and of course the price goes nowhere. Not sure what today's rns is all about but they've obviously incurred the wrath of the ASX regulator, didn't we have some issue with them a few years back or am I thinking of another company? Either way it shows how on the ball the management are (not) when simple regulatory mistakes are being made and where was the nomad? What the hell are they paid for?
Anyway I'll do some digging but it's back to sleep after that until Synergen Met get their collective fingers out and deliver what was promised!
First time looking back in here for months. Can anyone who isn't filtered (Brad, Moagi etc.) give me a quick synopsis of recent progress? The main thing I'd like to know is what has happened to Synergen Met? I know their IPO has been postponed presumably due to market sentiment at the moment but have they delivered a working Hydrogen solution as promised for H1 wasn't it? If not have we been told why not? Thanks in advance.
ps. I did hear about the poles and wires finally getting started which was a welcome relief! Too many of my companies seem to be drifting coasting along, weeks turn into months, months into years and before you know it a five year plan is a decade plus plan!
Markjenn53
The lower figures for 2022 are primarily down to the fact that they don't include anything for the 2 exploration wells being drilled this year both with considerable upside potential should they be successful. They are also, as someone has already said erring on the more cautious side for the existing wells, it looks far better to beat targets than to meet targets!
For those that don't know Synergen Met's IPO is pencilled in for 1st June. Will be interesting to see how they're received given the current buzz around Green Hydrogen. Hopefully we may get news of progression of our jv with them soon. Would be nice to hear they've shipped a unit over to Botswana pre IPO to help with that launch. Would undoubtedly help TLOU too. Could be a busy summer of news. Very much hoping we get the poles and wires project started this month too as I said before if we can't get the ministers and dignitaries around tell 'em we're starting anyway, we can't afford anymore delays. I bet if we did that they'd soon find a slot in their schedules. You never see a politician pass up a chance at self publicity!
ps. this board now takes a fraction of the time to navigate thanks to that wonderful invention the filter button. I get yards of green every day that I happily skip. I don't feel as frustrated as I used to reading all the garbage and bickering front the two protagonists. I'd advise anybody else sick of their selfishness / vanity to do likewise I guarantee you will feel better for it.
pps. bucklefern is very close to the filter button too, pretty sure he's just another guise for Moagi but he's getting the benefit of the doubt, for now...
I said at the time that I'd rather they'd gone straight for the DSO, with such low capex and a simple operation we'd have most likely already been a producer now.
I understand why they decided against (iron ore price volitility) but the old saying 'a bird in the hand is worth two in the bush' springs to mind.
My idea was get into production quickly, build up some cash and then explore other options. Maybe I'm being naive and oversimplifying things I don't know because we never get detailed enough communications but it looks like the full DFS will take another 2-3 months, no idea how long offtake agreements will take but with more than one it will take time and then there's the actual mine build. Although for balance they have said they can start offtake negotiations straightaway while the titanium element to DFS gets progressed which does make sense. It looks like they're gonna go for 2 or 3 seperate aggreements which will be more complex but probably more lucrative.
However every month that ticks by could have been a month building up cash reserves from a simpler operation from the start. Don't get me wrong this is still gonna be something special, with 100% IRR and only 3/8 resource areas mapped the potential here is enormous. With the number of shares in issue and the squeeze on commodities one can easily see a shareprice in the pounds a few years down the line but that's the rub you've got to commit that most precious commodity of all, time.
With almost everything in life the simpler you keep things the better. I hope these guys prove that wrong on this occasion with a fairly quick follow on announcement of a first offtake aggreement and get cracking with mine build ready for early '23 production.
Still a holder, still hold the same million shares I bought 4 or 5 years ago and still haven't sold a single share but I feel I've been patient enough and time has a habit of going by quicker as you get older so I want to see things really kicking on now. I'd also like to see better promotion of the company and better communication. Never take your shareholders for granted you never know when you might need them :)
I don’t think so, short term traders are drawn to hype and liquid stocks, you don't get either of those with JAN lol. It's natural that there will always be some small selling as the shareprice climbs, you need sellers just as you need buyers to make a market so if some want to bank a little profit I don't see that as a problem. If you're a genuine long term holder then you know where the price will ultimately end up (or have a fair idea from looking through the numbers) so the best bet is to sit back and let the company build us a fortune ??
Still here just waiting, fully loaded ready for lift off ;)
This is what these doom mongers on threads don't think about when they have an axe to grind with management or just want a cheaper price for themselves. They can cause people to lose out on huge gains. Everything cuts both ways which is why it's so important to do your own research and stick to your convictions.
I said at the time of that rns that any acquisition would take months of due diligence and didn't understand where the money would be coming from to do that and run the company and then make the purchase. None if it made the slightest bit of sense and it still doesn't. Utter madness unless they're expecting to raid retail punters pockets again, good luck with that! You'd have to be certifiable to take part.
LOL you really must have lost a packet here kwackaday, to be so bitter after all these years come on fess up how much did you lose investing at the top and selling at the bottom? You must have had your graph upside down!
That's what I'm saying Highside, it looks to me that he either resigned or was pushed by the board for failing to secure the PFS, which had been the goal all along.
"I am afraid, I don't share the below concerns, re europa having sufficient funding to complete a BFS, that was never the intention, they made that clear."
Not a BFS no but we were kinda led to believe that their aim was to at least get us to PFS so as to be in a much better bargaining position. They failed. If they had been a bit more PR focused and a bit savvy about when to raise we may have got there. LR always assumed (wrongly) that the work would speak for itself, the shareprice would rise steadily and they could raise off the back of it. That strategy showed a naivety about how AIM works and cost us dearly in terms of dilution, amount we could raise and failing to secure a PFS. That is why I belive he walked or was pushed. I don't really care either way. I'm now relying upon Bennelong to dig us out of a hole and help recoup at least something from this, though I now very much doubt I'll break even in any reasonable timescale, if ever.
Nice close today above both the 50 and 200 WEEKLY moving averages to follow on from the 50 x 200 golden cross on the daily a week ago. Won't say too much or I'll be accused of ramping but I'm expecting higher prices over the coming weeks and months ;)
Even sadder to see someone gloating over it. Get a life mate!
This is the month I expect the actual groundwork to get started. No reason why it shouldn't. If they can't get the dignitaries together in time for their photo op then fcuk 'em just get the project started. They delayed us long enough.
It might be different if we could buy another project that was already producing revenue and that project could then finance the PFS of Toral to completion but I don't see that as likely. So to me this search for another asset seems ill judged.