Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It's indirect dilution but still plenty to play for. It more looks like getting a good batch of projects for each national or continental team.
But in some cases partners take a lead like kavango.
We have dropped some projects in cameroon pj is curating a collection and has big skin in the game.
Hes building in his own past success.
1 or 2 great assets is clearly the goal. Luckily for us you cant buy them cheap. The more you have the better your chance in both drilling success and cyclical timing of demand for any given mineral.
Why did EUA rise? Bought when pd on the floor, dieselgate, hydrogen revolution. Bought from a major even!
I'm about 90pc EUA but i took some OMI as it has 2 majors involved waiting for next moves. Downside colombia. Took some EML due to a 3 billion potash resource recent funding and director buys.
I hold a fair bit of pow which is very active with 13 projects from 25 to 100pc and lots of exploration happening. It partners with kav.
I have also some wsbn which too is 50pc down from recent highs. I did slice near the top. Seems to have 2 or 3 excellent gold plays and been very quiet so might erupt.
I seem to have lost faith in rock and hzm is solid but yes 140m already. Made money on that from 2.6p to 10p. Kod made money on and was waiting for licence in dodgy Mali but already rocketed 8x on the sniff and missed the boat.
Lithium and uranium and this week gold are the more resurgent metals. Iron ore may not be.
Pxc is on my radar once eua finishes but may drift a bit yet.
You can see what are buys and sells from the .3p difference usually and I conclude most are buys. Explains the figures a little but I'm not going to go much further and work out the size of the sells, to be 100% accurate. Still a lot of blue to be red.
Yeah there were clues in the public domain its like following the plann8ng application at the council rather than waiting for the follow on rns sonteitter knew an rns was coming.
But it is another tock 8n the sale checklist most probably and other news is also expected. Many gold stocks have also jumped 15pc so no leak.
A message seems to he they are go8ng to del8ver all their promises.
Some investors don't understand junior resources, PJ definitely does hence he is where he is, probably got his bit of luck too.
My gut reaction is 1.75p is a good price at this time and would have struggled to get better when near 3 or 4p anyway due to the short term bubble there was in AIM.
I do think that bubble made a lot of the warrants look very cheap and he probably regretted having so many at 1p etc but that's called a victim of your own success. Pow did 10 bag in 2020 so investors had an opp to make very good money and will again with drilling success (plenty underway).
It is a bit disappointing diluting 4.5% when these IPO vehicles are already bringing this. But this is how JR often is a blinding return on your money is 15% for no work in other markets. With JR you think you are on for a 20 bag and in the end its a 2-10 bag if things go well, or maybe more if things went very badly before they went well and you timed it perfect. But it might take years or be fleeting. Ideally you want some warrants for yourself but then you are putting money directly in the co unlike a retail buyer and you have to weather a storm for a while often.
If the 1 million raised brings results it is worth it. We do have 13 projects where once we had 9.
You might call it smoke and mirrors moving the goalposts or you might just call it like 4 or 5 companies in one. JR with the pedal to the floor. Yeah the gaskets might blow but you could always go and invest in National Grid if you have a heart condition. Paul is at the wheel and he's probably a bit maverick and ****y but you can't doubt there is a fair bit of skill and desire there and the work rate of 2 or 3 blokes.