Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Ok so I've just watched LR's interview. More of the same old same old no surprises there. Waffle waffle, faff, metals, countries waffle waffle. Don't really say anything. This guy should definitely be a politician.
Now for the point of my post. I see two possible scenarios here, one is terrifying and the other could be very good.
First scenario they're doing exactly what they've said and are looking to buy another asset somewhere around the globe that has some metal that is or could be in demand. Extremely vague and concerning given that we don't have a PFS for Toral, we don't know if the PFS would be fully funded once an acquisition and general working expenses are taken into account and if it is funded then what do we do with it? On top of all that if we do buy another asset how much is it going to cost to get that to a minable outcome? All utterly preposterous and terrifying if you have a large chunk of cash stuck in this.
The second scenario is that something big is going on that isn't ready but obviously can't be disclosed yet. A sale or JV of Toral through to mining. The more I think about it this is actually starting to make more sense. It's the only option that makes any sense!
Let's look at the evidence for the second scenario. The guy they brought in to do a corporate deal, nothing announced as yet but we haven't heard that he is no longer contracted. Buying another asset, could this be because a jv partner will be acting as operator for Toral so they want to be proving up another asset or because Toral is sold outright? Then we have LR's 'value event' comment. Finally institutions buying into this placing and the large open market buys since the announcement.
I have no idea but the first scenario seems absolutely bonkers to me and makes no sense whatsoever. The second does make sense, as I said it is THE ONLY idea that makes sense. After having had a day to reflect my hunch is that a deal of some sort has been done for Toral, it is only a hunch and maybe I'm grasping at straws but I hope for all our sakes my hunch is right.
What an absolute shower of **** Myself and Bobby Beal had LR's card marked 3 years ago. I've stayed quiet for the most part but have on occasion reiterated my thoughts on LR. Bobby was much more vocal but was not listened to (sometimes less is more BB ;) rather than repeating ourselves action was what was required. Action to get rid of these jokers who believe they are fit to run a public company. Bricks if you call for a vote of no confidence I'll support it. Can I backdate it, say about 3 years :))) That shows how wretched this bunch are that I'm not even angry anymore, it is no less than completely expected that we'd get reamed once again. No concrete strategy, no pressure to raise the shareprice in advance, massive dilution, huge discount, no clear plan ahead and the guy running this **** show is a complete muppet.
I wouldn't pay too much attention to simply wall street as far as I can tell it's all computer generated which won't take into account things like the Hydrogen / Carbon jv. That should make TLOU profitable before the 3 years mentioned.
It seems amusingly Ironic to me that someone who has tried as hard as you have over the years donkey to try and wind holders up actually gets wound up by Brad. There is definitely some poetic justice there somewhere :))))
smiller another resident wally. 1 share wonder. Here for what reason? All I can see is a bit of an arse that likes to try and gloat while promoting another company. Bought one share so you think that justifies you spending nearly as much time here as Quack-a-day, the way you salivate over his every word I'm beginning to wonder if you're his fluffer.
Back to the serious stuff... Mr. T he isn't a donut maker that gets done by another 'very important department' Quack-a-doodle-day just makes the holes in them. Still a 'very important job' mind ;)
Quack-a-doodle-day I see you've gone into overdrive today wetting your pants about a fund raise that is a surprise to err absolutely no one lol. You've posted God knows how many extremely lengthy self important posts in your usual style and no one gives a toss mate. You're like the resident nutter with the megaphone banging on about Jesus that no one listens to. About time you was getting back to your 'very important job'. That still makes me laugh.
I think they'd rather spend the money on an acquisition 02B, some good opportunities around. Get those boepd figures up (plus reserves) while oil prices are high.
The PPA was and is critical to unlocking finance that is obvious. You can't drill further to increase gas flows without cash! That is logic right there Brad.
Now we have the PPA I'm sure funding will follow in fairly short order as has been indicated. Then we can get to work on the transmission lines and more drilling if required. Drilling and dewatering whilst the transmission lines are being built would seem to be the most efficient use of time would you not agree Brad?
This really interesting bit (for me at least) is the tie up with Synergen, will they be able to use some of the $10 million to get that up and running? If they can achieve early revenue from Hydrogen / Carbon then the pot can be topped back up. If it really takes off there may not even be any need for the second $20 million tranche of funding further down the line? All interesting possibilities.
Magnum you only have to listen to a couple of CB's interviews to know he still has the hunger. He knows Copper (and other metals) will continue to be in demand and with the needs of the green evolution will likely continue to rise.
In my opinion he's positioning BZT to take full advantage of that price environment. He's been around a long time and knows the cyclical nature of resources and mining companies. We are extremely cheap right now for the plethora of assets on our books, that will not last as they get developed with this cash injection.
I'm sure his posting here will continue for many years Mr T, such is the nature of these weird characters. He knows everything, sees all yet he got caught out on a simple spike and will haunt these boards forever with tales of woe. What a donut.
Quack-a-day have you ever thought about branching out into the polo Market? You could make a mint!
Well a strategic long term investor certainly sounds like the pension fund.
Making the holes in donuts is not "a very busy professional job".
Well that's part of the problem here too much secrecy around too many aspects of this project imho. A grown up company would engage with shareholders on questions like that in a more forthcoming way.
Shed why don't you just email LR with your queries regarding Copper?
Yes I can read, the onus is clearly on shareholders not to attend in person if possible. I'm sure adequate arrangements were made. These aren't rules either they are guidelines. You seem to be somehow trying to blame CB for meeting with shareholders. Desperate tactics once again from those that seem to have some kind of personal vendetta against CB. If he didn't meet shareholders you would be crying out that he's hiding. Jesus give it a rest!
What covid rules are you referring to?
I totally agree MM about revenue from Hydrogen/Carbon likely long before gas to power revenue. I still feel the PPA and funding for that project are important because that is what this company has been about for 10 plus years, so if only from the perspective of perception it is important but also politically it's important.
If we develop Hydrogen and Carbon and it becomes the main source of revenue we still have to operate in Botswana so to show that we got the connection built and supplying gas to the grid is important politically I feel. The politicians can point to us as an example of in country action that is making Botswana more self sufficient especially once we expand.
This all gives us more clout as we look to expand the Hydrogen / Carbon markets. We may have all the permits necessary but government can always find a way to hold things up if they want.
Also with the size of reserves we have I think we'll need as many avenues to revenue as possible to take full advantage.
"In May 2018, the acquisition of 2,250km2 of 3D seismic data was successfully completed. This was the first ever 3D survey completed in Jamaica and was focussed on the high-graded Colibri Prospect."
From their website.
Brad I think you have this one wrong. The PPA is a big deal and it will advance things, the funding we require obviously wants to see the PPA signed before committing. TG said some parties didn't require the PPA in place but they haven't materialised so I'm taking that comment with a large pinch of salt.
Your main line of thought and objection seems to be that both those things (PPA & funding) are of no significance because we still couldn't be getting on with any of the work. I strongly disagree.
You can't argue on the one hand that Synergen and Hydrogen will make the PPA and funding irrelevant but at the same time argue that nothing can be done. The Hydrogen unit will have to be flown into Botswana, connected up and fully tested. This process will require bodies on the ground doing actual work, so if they can work then surely contractors can work on the transmission line.
I'm obviously not in Botswana but I don't believe that the restrictions are such that no work at all is getting done. TG and other directors may not be able to fly out of OZ (I don't know, but governments usually make special provisions for business) but regardless, we have two contracted companies carrying out this work that don't come from Oz and we have GG in country as well as that Danny Horne is it? And our own local workforce. So if you believe that they are still not working on the transmission lines and sub station purely because of Covid I think that is wrong.
I think as soon as the PPA lands it will quickly be followed by the funding and then we'll see the two contractors engaged to start the connection work.