Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I find it quite amusing. With nothing to lose, this company is ready to call out the ineptitude and dithering and offer some push-back. And what can the red-faced bureaucrats do about it? But I think I'd be inclined to maintain CEY's current diplomatic response to it all.
Thanks, Mr. Hog, for your effort in eliciting a response from the company. I'm intrigued by the tone of it: quite different from previous reactions in my view. It almost looks like an actual pr response! Whether it is a case of daring to puff up their chests after a better share performance or actual corporate performance remains to be seen, but considering the justified lamentation here at the curt, even rude responses or complete lack thereof, I'm a little encouraged.
9 trades today. 7 trades of 100 shares. 3.000 total. This is the reality of trading our company in Canada. Unfortunately, it means I'll be exiting once and for all around 130 p. if we ever make it. What a ride it's been.
Tibbs, he certainly exceeded my expectorations - every disdainful gob I sent his way missed its mark!
But, as Cowichan says, they're all cut from the same (luxurious) cloth these days. What can we ever do about it?
My sense of the posts from newbies this week has been that they come from both sides of the coin, so I take their contributions with a grain of salt. Best to simply remind them that this has ever been a polite forum for an exchange of information and perspectives where ramping/deramping is recognized and discouraged because the forum is made up of LTH's who well know each other. Keep calm and carry on.
However, I must say I have given the company every chance to come clean and every report continues not only to disappoint but to confuse. I'm never a panic seller and bought more on Tuesday in order to average down, but my intent is to sell once I hit BE. Made lots of money previously but the company's competence and credibility are too much in question these days. I think I'll get my money back on this latest investment since I'm not far off the green, but five or six strikes is more than out!
Burkina Faso declared a state of emergency on Dec. 31 in some of its northern provinces, as attacks carried out by jihadi militants have increased in areas bordering Mali. But according to a recent report from the Armed Conflict Location and Event Data Project, while insecurity is heightened in the north, it’s also increased in the east.
The report says that extremist groups have aligned themselves with existing criminal networks and have begun “overtly controlling artisanal gold mining sites and occupying territory – running hours-long fake checkpoints to conduct identity checks in search for military and security personnel, and state employees.”
The report also notes that few attacks attributed to militants are claimed.
Foreign Affairs Minister Chrystia Freeland spoke with Mr. Woodman’s family by phone Thursday.
“It is a very, very sad situation and as I said to his family, his family has the sympathy of our whole country,” she told reporters in Sherbrooke, Que., where the cabinet is meeting for a three-day retreat.
On Friday, Ms. Freeland and International Development Minister Marie-Claude Bibeau will meet in person with the family of Edith Blais, another Canadian who recently disappeared in Burkina Faso. Ms. Blais is from Sherbrooke and federal officials said her case is being treated as a kidnapping.
Mr. Woodman’s family said in a statement that he was a “loving and hard-working husband, father, son and brother.”
“Not a day will go by that he won’t be missed. Our family would like to thank everyone for the love and support we’ve received, but we ask for privacy while we grieve during this difficult time,” reads the statement provided to The Globe and Mail by Mr. Woodman’s son Matt, a CTV reporter based in Edmonton.
From The Globe and Mail, Thurs., Jan. 17:
A former senior member of Canada’s spy agency says the killing of Canadian citizen Kirk Woodman is a “shot fired” across the bow of other mining companies operating in West Africa – a region that could see exploration grind to a halt in the wake of his death.
Mr. Woodman was abducted on Jan. 15 by a dozen gunmen on a mining site owned by Vancouver-based Progress Minerals near the border with Niger, an area that the government says is under growing threat from armed jihadis.
A spokesman for Burkina Faso’s security ministry confirmed on Thursday that Mr. Woodman had been found dead.
Andrew Ellis, former assistant director of operations for CSIS, said Mr. Woodman’s death is a wake-up call “for all the other mineral extraction companies in Canada working in the region.”
Mr. Ellis, president of Ellis Global Risk Assessment, said Mr. Woodman’s death was avoidable, saying companies have a duty of care to keep their employees safe.
According to his LinkedIn page, Mr. Woodman was vice-president of exploration for the company.
Progress Minerals issued a statement on Thursday afternoon and said the company is “heartbroken” by the tragic loss of Mr. Woodman, who was kidnapped from its exploration camp in Tiabongou.
The security ministry said Mr. Woodman’s body was found with bullet wounds 100 kilometres from his worksite.
“Kirk was an incredibly accomplished and highly respected geologist with a career spanning over 30 years, with 20 years spent in West Africa,” Progress Minerals chief executive Adam Spencer said.
Mr. Spencer said the company “will not make additional comments surrounding the circumstances of his death” out of respect for Mr. Woodman's family.
Chris Roberts, a political science instructor at the University of Calgary, said Mr. Woodman’s death will affect mining investment and exploration of smaller mining companies that don’t have established mines and extensive security.
“The ongoing exploration work … it might grind to a halt in the short run,” Mr. Roberts said.
Ottawa has confirmed the death of Canadian mining executive Kirk Woodman in Burkina Faso. Foreign Affairs Minister Chrystia Freeland says Canada is working on the investigation with authorities in the west African country.
Unlike the established and fully secured gold mines in the country run by Iamgold and SEMAFO, Mr. Roberts explained, Progress Minerals was working on an exploration project on property licensed by Australian-listed firm Predictive Discovery.
So far, no group has taken responsibility for the attack, but the country has faced increased insecurity as a result of several jihadi groups.
Burkina Faso declared a state of emergency
It is certainly a joke, but has become more so since low volumes has caused TD and I assume other brokerage houses to suspend online order entry. This has hurt volume even more and subjected the sp to volatility that creates an almost daily disconnect with FTSE pricing. Thank goodness CEY needs the listing, as I am back to being in the hole on my remaining shares.
I'm still pondering whether to buy more now but stand with Tibbs that Josef's tenure as CEO was a far cry from his father's in terms of honest communication with shareholders. In response to djryan, "well-played" is not well done and I certainly felt sold out. I really question whether we are actually "back on track" since we have had nothing but prognostication that was either disingenuous or incompetent for the better part of a year now. Through all the legal and political troubles of the past I steadfastly maintained belief in the performance of the company despite adverse conditions. One needs that sense of confidence to hold in the belief that the market will eventually recognize value.
Feeling as I do, investing more now would have to be classed as a gamble. So, I'll stand pat and maybe miss the first upleg while I await confirmation that the only things we've really had of consequence were a run of bad luck and lousy markets.
Indeed! An excellent and very reassuring post, Tibbs! Thank you for your insistence on an answer (and your leverage to get a fulsome response). I was in wait and see mode and may now add what I can, having sold much of what I had and reinvested elsewhere.
Here you go. Live and learn. I did hear back from Alex who simply pointed out that the information was there - if one looked for it. I asked that the company be clearer and put all the information together. I agree that TDW bears some responsibility as well, for getting wrong.the date I relied on. http://www.centamin.com/investors/shareholder-services/dividend-information
Thanks, Cowichan. I had a 15 cent difference between selling and re-buying, so no complaint on that score, except that it could have been more! Turns out that the due bill period was the issue. What I just found out was that it was a TSX issue only, and, if one scrolls down below the divi information on the website, below several other unrelated paragraphs, there is suddenly a qualification for TSX investors. How they could not put those two crucial date statements together I cannot fathom. I have contacted Alexandre and will be complaining about the format of the NR when I hear back from her (my assumption is that I will).
Still waiting to discuss this further with the TDW rep. Virtually all sites report holders of record Mar 23 got the dividend, but I did find one that said Mar 27. I found a press release, not from CEY, that stated there was a "due bill period" from Mar 22 - 26 inclusive. So what business do they have telling investors - for several months - that holders of record on Mar 23 would get the divi? I believe it was Rebess who commented on the quick recovery of the SP on the 23rd. It could be that PI's realizing the above and institutions knowing it, put the brakes on selling until the 27th.
Anyone else in my shoes? I sold out on the 26th March (and rebought later). When the divi did not appear in my account by Thursday morning of this week, I called TDW to complain. I received a call this morning that Centamin had CHANGED THEIR RECORD DATE to March 27 and therefore I had missed the dividend. I see nothing on the website to indicate this. Insights? I am in a state of shock. Can't believe CEY would do such a thing on short notice. However, this might explain why the sp held up after going what we thought was ex-div. Still reprehensible business practice.
Well, Tibbs, while familiar voices have moved on, there are plenty here who still make this an exceptional and overall polite - uniquely so - board. I hope you're still in and will return after a breather to enjoy the celebration when it comes. That goes for Siko, as well, whom I hope is still lurking.
Mysteriously, wrong link for the video. I'll try again. Supposed to discuss Kudlow's inability to forecast ANYTHING. https://www.youtube.com/watch?v=L2yJfR7n7Ao