Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thoughts, vernet?
All the clever dick "I got out ages ago with a profit" crowd are dominating the posts here now. What a shower.
Invariably, that's what happens to a lively board when the news flow dries up.
... Very surprised there hasn't been any update on operations. Or on anything else. Then again, if something is brewing in the background....
Surely by waiting a few weeks for FDA Fast tracking of a regulated P2 trial, the equity give up to fund this next stage will be much less. Much less. AS knows what's coming, judging by his "no worries" comment.
Smells like a placing coming.
Looks like yet another of the uber-bull poster's predictions has gone off rails - debt reduction. Where's that net zero debt expectation now, eh?
So glad I disposed of 90% of my holding before suspension. Will be lucky to get 20p'sh for the remainder when it re-lists.
At the end of the day, SS is a sh..thole in which to do business. Ass is Chad. As is Niger.
What the ffs is AK doing in these places?
Agreed, Predfan and Jimmy.
All this chatter, and that's what it is, about clandestine M&A activity going on right now as a reason for lack of company updates, is missing the point.
Anyone remotely interested in Prd should go back and read the first paragraph of the Placing RNS reasons for raising fresh capital right now. Very first item, completion of an extended well test programme. Second reason, CNG development studies. Third reason, purchase of long lead items and adding to WC. Nothing about drilling MOU-5 .
If there is now another change of plan, placees would be justified in going after the company and its advisors for misrepresentation.
I am designed to equipment delays from France, no more no less, as the explanation. I can live with that, but not with deliberate obfuscation.
EV1 sold a 9.9% stake in their business for $4.9mn. That's hardly a big marker on the true worth of Bres, should it come to that. Isn't that amount of funds what the DFC have just brought to the table, in grant form?
It didn't do much for $EV1's sp though. Back down to new lows.
Indeed, Goodbody.
Also noteworthy are:
1) A few key Ugandan mining officials accompanied Blencowe representatives to China in August to observe how the graphite testing at Jilin Labs was progressing.
2) It is certain Chinese graphite manufacturers that have global commercial IP for SPG production for EV batteries. If Uganda is to develop SPG downstream processing, surely it will be with a major Chinese input, technically and financially.
I do think Houston will have a problem on Oct 2nd if there's no reasonable explanation for a delay on testing into October, or no test results for September.
But, as they say, the oil and gas aren't going anywhere. They are still there, just not quantified still. That's what every man and his dog need to know, for validation of the sterling work undergone to date (but always lagging initial timelines).
... unless they've already been pre-sold.
TThe September 3 rns, Bulk Sample Completed, mentioned in passing the next important step in the value-add of Orom-Cross graphite, name reaching a 99.95% purity SPG product:
"Mr Pearce added: "We now have proof we can deliver a very high quality graphite concentrate from Orom-Cross on a commercial scale, which is a key DFS milestone. In parallel we are testing the upgrade of this concentrate to uncoated battery-ready 99.95% SPG (spheronised, purified graphite) and expandables as the next important step to significantly value-add our end products."
This milestone, once achieved and RNSd, will light up the MC of Blencowe. Some investors (and Chinese battery manufacturers) will not accept what Orom-Cross has to offer until validation is demonstrated. This is what is still holding back the sp, IMHO.
What price SAVE shares, if the SS deal doesn't go through, and we wait until June 2025 for the Chad arbitration decision?
@Keith, there does seem to be an element of uncertainty about placing the next drill, MOU-5. Three possible drill locations, 250m deeper than expected at MOU-4, earlier seismic interpretation proving to be incorrect....
All in a gelogist's day's work, or something we might be concerned about?
....if the Chinese don't make a mouth watering offer first! Don't forget, it is their Jilin technical lab that has done the testing so far, and who will confirm the SPG grade graphite up to the allimportant 99.95% purity level. They are on the inside track here. They will be offering the oftake finance in the first instance, imho.
I suspect that the second DFC payment of $1mn, expected shortly, will be on confirmation Bres graphite can deliver an upgraded SPG of 99.95% purity.
I further believe that MR is visiting China to meet with serious Chinese industrial counterparties who might be willing to engage in offtake agreements, which are key to progressing the whole project beyond the DFS.
Seems obvious to me that at that lowly sp level, the best, meaning least dilutive way of financing their part of the project is via an offtake deal rather than yet another placing. So that announcement, when it comes, should be the catalyst for a sustained sp rise as part funding of the DFS by the DFC won't do it by itself, however important it is for credibility.
Very happy with that.
US and Chinese involvement not mutually exclusive.
DFS likely to be finished by end-2023.
Decision to invest H1 2024. First production targeted for 2025.
Full steam ahead folks.