Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Gizabigrise, ASI: my point about the company knowing anyway goes back to my experience of meeting AP for the first time in H2 2016. I couldn't make it to the AGM in London so he kindly agreed to see me in Bucharest. He was not a Plc Board Member of the CEO yet but was running the Romanian subsidiary.
As I recall, pretty much the first thing he did was to read off my then current shareholding back to me from his computer screen, irrespective of the fact that I was holding via Interactive.
It's the same way that you can go along to a shareholder meeting even if you hold via Halifax or whatever. The company still knows who owns what voting rights.
ASI: thanks for pointing that out. I'm unclear whether that portal currently operates as a duplicate process or as a total replacement. I suspect there's currently a lot of duplication in practice anyway.
However, as regards the company's knowledge of shareholdings, irrespective of self-declarations, my point stands that the company can already see that.
MickR:
RNS 4 July:
"... the Deputy Sheriff was again instructed to uplift the parcel on 29th June 2023. Also in attendance were the Company’s lawyers.
"Upon attendance at the RBZ, and in consultation with the bank’s internal legal counsel, the Deputy Sheriff agreed that the RBZ would confirm, in writing, the process that would define the procedure for the orderly and secure hand over the parcel to the Company, which includes the procedure for valuation for royalty purposes, export permits and Kimberly Process Certification.
"Thereafter, the Company and RBZ will put in place logistics for the removal of the parcel attached by the Deputy Sheriff under the writ of execution."
***
If an RNS lands that ticks off the RBZ's written confirmation of processes - which is obviously something that needs political oversight, hence why the election delayed things - then we move from regulatory issues to logistics, or even (though less likely IMO) skip directly in the newsflow to company receipt of 'historic parcel'.
I think either step forward would be very well received by the market. In terms of what that means by way of SP rise, it depends on circumstances. Current m/cap is around £6.5m with BPPM transitioning into surplus - but also with ongoing overhead and operating costs across the Group that will require fundraising (per the company's own Final Report) because BPPM and Tajikistan cannot yet support those.
So I think an upside move of 100% on *very material* diamond progress is entirely possible; but I suspect it would be traded fast if such news comes this autumn.
Just IMO.
*its shareholders, not it's.
Autocorrect playing auto-error.
ASI: "A TR-1 will be posted within 4 working days of the FCA informing the company of the change in holding."
The TR-1 arises from a self-report by the shareholder, which so far as I know goes directly to the company, and the company in practice already knows who it's shareholders are anyway. I don't think the FCA are involved in that chain.
(Hence why Vast updated the website with the direct Capstone holding at one stage earlier this year even though no TR-1 was issued for that.)
I don't understand the reference(s) here to "bribe".
For the avoidance of doubt, Vast and AP - at any rate - do *not* pay bribes. Maybe someone else does and I've missed the thread of thought/discussion here. But that much about Vast and AP must be made clear.
Can someone fill me in if I'm missing something more relevant?
Thanks in advance.
Pecten: "a proper undisturbed night's sleep".
Oh sweet gift of the gods... May you receive it!
Thanks for your thoughts on the company numbers. I'll conjure with those notes.
On another note, thanks for your interest in my own mud pie building... I'd be happy to discuss / get feedback. Feel free to drop me an email at my throwaway: a dot z dot smith at aol dot co dot uk
Pecten: yes, I think about Vast as a business, not as a trade. And my view has evolved in tandem with establishing my own business, such as it may be.
I hate to see people fooling themselves or getting hung up on the wrong things. A BB can be filled with stuff that has no bearing on what a company is doing or where it's going.
BB tends to be obsessed with (a) one-off diamond parcel instead of an ongoing, viable mining business model such as now seems to be emerging at BPPM; and (b) demanding with Inquisition-like fervour that no more cash will ever need raising when the company itself, and all business knowledge, says otherwise - but requires us to think seriously about the *terms* on which that can be done.
PS. Hope you're keeping well.
Kever: "the CEO said".
Jesus wept.
The same CEO said BPPM would be profitable within 1-2 months of switching operations back on. It's taken 3 years.
Any punter who simply goes about believing and re-spouting what Andrew Prelea says is a gargantuan idiot.
Is that clear?
A gargantuan idiot.
I'll repeat that for the dullards. A gargantuan idiot.
The reason I have paid so much attention to crunching the BPPM numbers etc, is that we need FACTS, not fireside yarns.
THAT is why I posted about the payment plan as indicating a turning point. THAT is why I am now more optimistic.
And what was the latest interview really about? NOT diamonds, which he declined to discuss.
No. It was about the company's actual ability to earn and pay its way.
Funny that: business is about selling your stuff for a bit more money than it takes to make it. Gosh: it's like rocket science.
Goldenl: Indeed. The great god Aldi has blessed us, and verily the SP moveth. Long may this continue.
ASI: no worries. Looks, then, like they have legal HQ and a couple of wholesale places. I just need to find where they're currently selling through and if they'll be opening their own store anytime soon. Thanks for the heads-up.
ASI: where are you getting this info? The address is a second-floor apartment address so it looks like an HQ, not retail.
Odd address, though, as that's literally an apartment address.
ASI: thanks. That figures. That's a 20-minute drive across the city centre, or a schlepp by other means, in an area that isn't lived in much at all by expats. Might check it out, though I'd have to make a point of going.
Ah, thanks Euston. I'll check it out. There's a fairly heavy city centre dominance by Mega Image so other options are welcome.
Not showing up on Maps for me. Not located on my general routes. And my acquaintances haven't mentioned them. But I'll be happy to have the option if it's there.
ASI: no Aldi that I know of in Bucharest.
Mizman: thanks for the thought but we don't bump into each other in the local Lidl anymore. I moved from Pipera into the city centre.
Muck: as we know, there are two debts, one to Mercuria and one to Alpha. My reading of it is that the 30 November deadline is now void (at least de facto) in relation to Mercuria.
Mizman: on the other hand, paying debt shows that the company is more creditworthy, and therefore makes it likelier that future funding needs can be met via debt rather than equity. Perhaps an optimistic thought when it comes to the near term but very relevant, IMO, when it comes to financing Manaila/Carlibaba in 2024/25.