Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
The importance if Conroy obtain the two licence areas should be easy enough to understand.
The first gold trend runs SW, the second new gold trend discovered recently at Newtownhamilton ( a new discovery as a result of JV funding)...this runs parallel to the first.
That takes you through these two licence areas.
If they are obtained so soon after this significant discovery surely indicates decent results from recent undisclosed drilling.
Imo of course.
We do not yet know the destination of these two licence areas.
Next week should answer that question. However it would if my memory is correct not be the first time Conroy have relinquished licences only to later reinstate.
Suppose a little matter of finance would be the answer....or education on the geology.
Sometime between now and Nov 10th we are going to get news.
What that will be only Conroy knows...(or not).
Soon flyby...then happy days again (or not).
Unless it turns out to be a very good reason then the last 7 months have shown PIs the Profs total disrespect for them.
Let's hope on the investor meeting he can look them in the eye and say...." I had no choice".
If PL1356/7 was the reason for the silence.. Sept 30th has well and truly passed...
When Conroy had there 5 recent PL accepted may 2023.
Great Glen had 12 PLs accepted.. same time.
Only 2 companies to apply...and then 1356/57 become available.
Does not suggest lack of money but suggests they have actually come into some!
Sorry can't post link...
But search prospecting licences open for application may 2023.
"We are very pleased that our follow-up work on part of the large Clay Lake soil anomaly has found gold in the bedrock, confirming both a local source for the anomaly itself and increasing the likelihood that the Clay Lake gold nugget, found in a stream bed in the 1980s, is also locally derived,” Richard Conroy, the company’s chairman explains.
And then the silence!
Makes you wonder.
A quick bit of reading and it's okay for a company to withhold public information as long as the relevant authorities are informed they are doing so.
So they are I'm sure purposely not reporting Clay Lake drill results 2 to 8.
Coincidence the silence began after PDAC....
Talking to all those majors?
How can they have an investors meeting Nov 10th without clarification of these results?
But they are holding back information, debatable whether it's price sensitive....the granting of the 5 PLs.
Results from Clay Lake drilling.
Is there not some rule that it is allowed if it interferes
with corporate action..
Ie, a buyout or new JV agreement?
News before Nov 10th.
Drilling results from Dunraymond.
Drilling results from Creenkill.
Drilling results from ClayLake
Results from various sites being explored that we are unaware of.
The 3 PLs owned by Conroy ready to transfer to JV progress.
The 5 PLs owned by Conroy ( we know but no company confirmation) which are open to JV discussion progress.
The recipients of the 2 newly available attractively located PLs (1356/7).
These are questions that should be answered prior.
What's the chances of news tomorrow?
I agree the chance is minimal...would not quite put it at zero though.
I have added a few more over the last couple of weeks..not a large amount but I have this feeling they are going to be hard to get very soon.
Something is happening...
Yes they would.
The Profs average I believe is circa £1 a share on his 3 million holding.
Just stating that with rates available around 5%...
That's a lot more of an enticement to demand payment than offered last year and previous years.
Just something to consider.
The Prof is again attending the Mines and Money event 28th-30th Nov. Coincides with the release of Conroys EOY results.
Surely he will have to make some announcement concerning the Clay Lake drilling programme prior.
The last time he was there at end of April we had a fund raise 20th June....
End of year accounts states the directors will not pursue payment of the 3m euros owed to them in the next 12 months.
With interest rates vastly increased since, will they continue with that policy?