Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sound observations as usual BBG
I think this BHP move is a response to Chinas gathering power in the copper market...and indeed other metals...
Thank goodness...
For another boring day, without the SP being trshed by Autotrades...
A measly 246k shares traded in the first 3 hours...thats 23 every second...zzzzzz...
And look at TMX last night...only 1k...yes one thousand shares trased all day...
Thats ONE share every 29 seconds...
So we wait.....
But I still believe this collapse in activity portends something about to happen...
Mind you it is friday...55p by close Novice...?
£600m MCap
At the current MCap they would be automatically listed in the FTSE250...which means Trackers and major funds will have to buy them..
Happy Days.
£6 by the end of 2024...or more...
Confirmed. ATYM to be listed on the Main Market on 29 April.
End of O/T
Just now on Bloomberg, Blackrock World Mining Fund says $12,000 copper is needed to incentivise new mines
Utter utter rubbish.
If you read the PFS3 and previous announcements, AISC will be zero after silver credits are offset...
Even withoit that we will be one of the lowest cost copper/gold producers in the world.
I suspect this is MMs trying to stimulate trades...
Only 800k today and AT trades have slumped further...43%...
Wishin' and hopin' and thinkin' and prayin'...plannin' and dreamin' ...
John Meyer implies that Zambia is a 'sideshow' for Kobold...
https://www.youtube.com/watch?v=-LGCV1ccFOM
Only 13 trades since 8.33, totalling 87k...
and only one of those an AT for 903 shares...
Trading volume for the last 36 days has averaged over 10 million a day...
today we have 700k in half a day's trading...mark my words...summats oop...
For those who may have researched the stocks mentioned...
1SN up 19% so far on a sharply rising Tin price but a lot further to go over the next year as the mines are developed...
ATYM will automatically enter the FTSE350 in the next couple of weeks and could go straight into the FTSE250.
In either case, tracker funds will HAVE TO buy the shares...
Rather like when MSCI is recast in Mid May, MSCI Tracker funds will HAVE TO rebuy up to 35 million SOLG shares...
No Autotrades from 8.31 to 10.32...
Result!!!
Nil...nada...remember mine was to Sangha...
Wow! A complete contrast to Monday...
I know one swallow doesn't make a summer but...
Lunchtime Monday I recorded a sequence of 260 trades where 91% were Autotrades...
In the first 82 minutes of trading today there were only 20 trades out of 43 by Bots...
I haven't seen a rate as low as 47% for as long as I can remember...
And volume is massively down.
Does that mean that whoever has been holding the price down is now ready to move...?
Or at the very least, if they've shut up and gone home maybe we can return to more normal trading patterns, which means the price is only going to go one way...
May 15th and the MCSI rebuying isn't far off...
Fingers crossed
My surmise is that the 'selloff' in gold, copper, silver was actually a dollar surge.
All those metals charts are symmetrical and inversely correlated to the dollar reaching just 0.3% short of an all time high.
They start to recover the instant the dollar cracks...so no worries...but...even at these levels...
The uplift from PFS3 on the figures 'in the ground' at current prices is:
Copper $18.9 BILLION
Gold $19.4 billion
Silver $0.4 billion
Total $38.7 billion
Or £30.9 BILLION
And, using an acceptable industry metric to convert it to delivered metal...
1% of this is £309 MILLION
Thats just the increase in value over and above the PFS3 assumptions
And our MCap is a mere £266 million
And thats JUST CASCABEL...
PORVENIR has $16.7 BILLION of copper and $5 billion of Gold
Total $21.7 billion or £17.5 billion
Which at 1% gives £175 million or...
5.6 pence per share...and Porvenir would be OPEN PIT
Then there is Blanca Nieves, Rio Amarillo, etc...
Now I completely understand that some investors may find these numbers unreal and difficult to comprehend, but...
Its only a matter of time...
Funnily enough addickt, nothing, nil, nada...
Which is interesting as Bob always sends me a courtesy reply, even though it contains the standard "MPNI blah blah...I have 5% invested...Scott has a huge incentive...blah blah...
However, I cpuld take one of two interpretations:
1 He's fed up being unable to reply constructively
2 There is something big about to break...
Just emailed Sangha...so lets see...
Again...
This is so dismal....
At 12.24 the SP was 9.50...
After that there were 260 trades of which 236 were Auto trades...
Copper is $4.50 but we're back at 9.14...again...
When we were 10.6, copper was 10% lower at $4.02...
When are Scott and Sangha going to get their fingers out of their asses and do something!!!???