Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
March quarter is January to March
June quarter is April to June.
Thanks
Q1 update was 17th April . Don’t know why I typed June.... that said the message is still the same....
GIT, the following may be worth discussing...
How can a company, in collusion with its professional advisors post this on the 17th June
We are mindful that production levels are not where we or our stakeholders expected them to be, however we are still very much in the early stages of the ramp-up and the team is well set to achieve significantly stronger results in the June quarter as a result of the improvement initiatives implemented in Q1
And then on the 23rd July Issue the Q2 production update which paints a totally different picture.
My point is the company should have notified the market via an announcement that production was not going to be significantly higher than Q1 long before the Q2 update. I’m no expert but to me once the company is aware of information that will materially effect the SP it should be released without undue delay.
Clearly this was not done and I’d like to know why..........arguably, the company created a false market due to its enthusiastic statement which it must clearly have known to be false long before the 23rd.... all in my opinion of course......But still a tad curious......
Gla
Well it looks like my holiday to Mallorca might be over before it begins, however, I hope it’s business as usual for WRES and it’s staff are all properly protected. I guess being located in a sparsely populated / remote area helps.
Gla and here’s to some positive news on our Local government grant popping up this week....
Do you mean svelte? Or have your really turned into an air fairy? Lol
Either way I’m sure no one could describe you as fat...
Hopefully, most of us have lost a kilo or two during lockdown, I certainly looked upon this time to try a new life style regime. And recently as an investor in WRES I’ve lost more pounds than I can count.....lol
Gla
GIT
You best stay off the drink mate, rumours abound that your piling on the pounds..... lol
Gla
With glod at almost $1,900 an ounce it would be nice if we had a producing gold mine........it could hide many sins.....lol
A bad day???? Just wait to the interims are issued !!! Lol
All things considered, not a bad day based upon today’s announcement......
Gla
I’m still here and perhaps as disappointed as most but I’m not going to throw my toys out of the pram, well not yet at any rate. Hopefully, MM will have a proactive type interview and can get his message across.
Tried to be positive and bought quite a few in SYM first thing.... so far so good - but it’s a trade , a day, a week not an investment.
Gla
Not what we wanted but I guess we were expecting a poor set of results and as we thought today’s announcement includes circa three weeks of production in July so there is promise of a better quarterly report for the three months ending September. GIT’s point about the Atlas drawdown facility is well made .
Hibernation awaits, well for me at any rate....
Gla
The question is why not?
Hopefully, this is the start of positive news flow....