Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Really playing devil’s advocate then Alpha extend to get their 20% as asi suggests but when/if Baita actually looks profitable they refuse extension an call in the debt - so the property holder loses the collateral but then takes over the now profitable mine taking it private - as VAST are a publicly listed company I find it absurd that we don’t know who has actually put up the surety property
‘what must he think now the market cap is £6.5 million ?’
As the final results have been posted so no close period exists, neither he nor the other directors have bought shares to suggest 6.5M is under priced- wouldn’t you agree??
Kever the man who made the statement “most undervalued share on AIM" also showed his ability to assess situations by buying shares at 0.55
So does that make him a good judge or a poor one
Have you ever heard an AIM CEO say their company is overvalued???
Thanks Firwood
So the interview was released on the same day as a £2.38 million pound placing - I’d forgotten about that particular piece of timing
So was APs participation in that placing poor judgement around the price or just a necessity in PR terms to get it to the market?
Cahus - thanks for the giving me the giggles at the end of the week
‘I do not think the value would be less than £100m’
So, ignoring the legendary diamonds for a minute - VAST in effect mortgaged their primary asset - Baita Plai- against an asset worth around $9 million dollars.
So did they massively under estimate the value of their own asset or is that all its worth considering the state of the rest of the company - or do you have an astronomical valuation of the diamonds in your mind
If that’s what you think it’s worth, then table a bid, I’m sure you can get some banks to support you??
Sandy I’m fine thanks - nothing a proper undisturbed nights sleep wouldn’t cure
Would love to know more about your venture - though this forum may not be the best place to discuss - after all, there are so many business experts that you may drown in advice…..
Had another quick look at final results - board salaries up to $968k - looks like Andrew Hall had a $87k pay rise. Next year should be lower since Craig resigned. If I’m reading it right then AP deferred around 15% of his salary for the year - though it doesn’t say until when.
Haven’t seen this figure before - BPPM cash cost per tonne $5407. To be fair that’s an improvement of over $2000 per tonne on the previous year, which is likely to be from the long hole stoping.
Still feels very high for ‘Aladdin’s cave’ though
It would appear that concentrate sales only brought in $2.66M for the year (with another $1M for services rendered) - maybe the consultancy route is a good way forward as the level of risk would be far lower
The most interesting recent fact is the size of the concentrate stockpile - is that purely a strategic VAST decision due to copper prices/ shipping costs or is it dependent on Mercuria only being interested in very large shipments to fit in with their refining partners needs?
After all the production costs have already been incurred and in a business where cash flow has always been tight it appears strange
So it’s based on a statement in a podcast, not an RNS or any actual evidence
How many similar statements have actually come to pass
Bit like raising money for the (Stockportfred’s baby) Blueberry JORC compliant resource ? What was that - 4+ years ago and still no sign