Member Info for perroverde

Mike, agree. I have always been, and remain, a bit sceptical on Ghana (long experience of investing in African projects!) but if it happens it'll be brilliant of course. Bolivia probably more imminent. Australia will probably take a bit longer, sounds like it'll need a fair amount of forward planning (and financing), but at least he seems to be working with pro-active partners so hopefully months not years till the next 'go'.

Hear hear Mike.
Like you I have been here a long time (and like you been a long time in the markets), have my own opinion, done my own research which I'm always happy to share and while equally always happy to learn from others I certainly don't need 'schooling' of that sort. I just ignore it and recommend others to do likewise.
I remain happy to be invested in a BoD which isn't scared to travel the globe and take calculated (big lol) risks on shareholders' behalf. Bring on Bolivia, Ghana and hopefully lots more fun to be had in Australia!

Mcap £2.5m or so, very little free float as so much stock in 162 Group and ‘friendly LTH’ hands. Under the radar right now.

I personally thing you are spot on there. It would be the obvious thing to do given his comments recently on this and the other 162 Group companies that their ambitions are mainly as explorers not developers.

jscapper hi thanks for posting that, I was about to do the same - it's well worth a listen.
Did you hear the reference to a settlement at Maibwe? Interesting! (should be RNS'd though I'd have thought?).

DVH yes, a leftfield surprise! Zimbabwe is one of Teeling's old stomping grounds, he knows the place very well.
This could be very interesting indeed.

Hi Oilmanmike - hope all well - been here quite a long time actually, just don't post much any more (this morning's playground antics being example of reason!).
I think you are spot on ref JV with YLB for smaller salares. I've looked at, and discussed this quite a lot with folk far more sector-savvy than myself. I'm told it would make total sense and is very much what I'm now expecting - hopefully soon!

To clarify an inaccuracy in your bizarre rant (given that you presumably aren't a shareholder that is...) the 'delay' you refer to in Bolivia has nothing to do with Clon's activities. If you're going to de-ramp in an attempt to buy cheaper please at least get your facts right!

Need to be careful with that news with reference to Clon. This article and news refers to the pilot plant testing of service providers offering Direct Lithium Extraction technologies.
Clontarf was apparently offered to participate but declined on the basis they are explorers/developers, not service providers.
Also, Clon’s interest is not in these 3 salares on which the testing is underway, it’s elsewhere.
So it isn’t directly relevant, but does illustrate the looseness of timescales in this jurisdiction!

Rebel: Exactly that. Plus all the other stuff. 'We are where we are' which is licking wounds after a failed gamble and plenty of moaning all around us about the board and the dilution caused. But on balance as a long-standing shareholder I knew what I was letting myself in for from the start and I'd rather they'd thrown that dice than not, and 'where we are' is a £3m company with, yes, a lot more shares in issue, but still with resources and a couple of interesting projects bubbling away and a Board, despite the widespread moaning about them, which has shown itself not scared of standing up and trying to make things actually happen. I'm happy to wait and see what they do next. I have no particular axe to grind by the way, neither a ramper nor a de-ramper, just a realistic shareholder. It does look cheap now though doesn't it!

Hawkes, Risenshine, I too have been here a while and ‘never went away’. I rarely comment on these boards any more, but have thoroughly enjoyed the journey of the past few weeks. Disappointed with recent result of course, but at least we had a good go at something! Crappy little £2m CLON has a pop at a £100m+ gas field? Bring it on!
Just think if it had worked…
Anyway it didn’t, this time. But it isn’t as if it’s left us bereft of resource. Still a £2m shell co with plenty of things to do, unlike some of the empty cash shells with higher-rated valuations we could name.
Onwards and upwards and all that!

Looks ok to me - good business space/sector (presumably strong growth potential), profitable, cash+shares structure etc. A good start for NZI!
Be interesting to see what the terms of the deal are.

Although I think Ghaghoo’s real potential is largely misunderstood by the market, BOD’s share was always going to be marginal, and moreover a project which could easily distract limited management resources away from the real company-changers in the portfolio. It’d be nice to have it but not exactly the end of the world for BOD. Onwards and upwards in my view.

Agree - great news.
Also, just to chuck an idea into the ring, re potential funding, the ability of the 162 guys (main shareholders here) to raise £3.5m into CLON (Mcap under £2m at the time) last week to fund a deal bodes well for the capacity to fund a meaningful percentage (at the very least) of Thorny River project in-house.

Likewise, thanks for the introduction. I too am one of the diehard few here as a ‘fairly long termer’ - though not quite as long as you by the sounds of things! May I ask if your interest/holding stems from your own commercial experience/background or is it purely investment?

An interesting research piece from Mckinseys published yesterday about how new sources of lithium supply and technologies will help supply match demand - with South America continuing as a major supplier matching the growth rates of the rest of the World (accounting for circa 30% of the total) helped by the introduction of newly-mapped resources in Bolivia. Makes for enlightening reading.

https://www.mckinsey.com/industries/metals-and-mining/our-insights/lithium-mining-how-new-production-technologies-could-fuel-the-global-ev-revolution

It looks like DH's trip may well be to some purpose; things look at last to be starting to move in the right direction in Bolivia: last week the Bolivian and Argentinian presidents met to sign a 'Joint Declaration for technical cooperation and co-ordination on the development of their respective Lithium projects' (and also covered guarantees for gas exports from Bolivia to Argentina). The agreement 'prioritises the exchange of scientific and technological knowledge, the training of human resources and the promotion of technologies for sustainable extraction of lithium'. A technical meeting has been convened in Argentina between Bolivian Lithium Deposits (YLB) and YPF Technologies (Y-TEC) in May.

Not sure if I'm allowed to post this link (so hope this post doesn't get 'lost', but it's a (badly!) translated article from the local press (sadly behind a pay wall but you get the gist I think!).

https://www.bnamericas.com/en/news/bolivia-and-argentina-sign-a-joint-declaration-that-guarantees-gas-exports-and-technical-cooperation-on-lithium

Well worth a listen. The rest of this year looks set to be truly company-changing. Just needs the market to wake up to this. No rush though!

Angel444 I think you are correct re timeline for mine plan and drilling for TR. However I gather that they are hopeful that they can get away with core drill and microdiamond sample which would be much quicker and a hell of a lot cheaper than bulk sampling. I also understand they have sufficient cash to cover it either way.

Timaog - agree re Maibwe. I don’t know if many people have looked at it but previous drill results were amazing, and it’s quietly believed to be likely to be massive and to have 36% of it could be company-changing. That said there will be work to be done to prove it, so it remains a wild card for now. It’s Thorny River which excites me (and maybe Ghaghoo) short term. (Plus all the other stuff medium term lol). The myopic market just hasn’t spotted it yet!