Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Don’t forget, not only do we have at least 25% of havieron worth multiples of $60x5=$300m (I say multiples because we still haven’t found the edges!), but you also need to consider the financial position to explore our remaining assets. GGP will be debt free with financing to back exploration of 100% owned licenses. Worth noting most similar companies don’t have this luxury. We are in a solid position to be a rare entity that develops from junior explorer to fully funded miner - as plenty have said before, and in my opinion, once in a lifetime!
GH did great during his tenure. His sell off after he left whilst pumping the share was questionable at best. SD has behaved and spoken impeccably in my view. We’re in safe hands, at the most important period for the company. GLA.
The significant uplift was built on Greatland's updated Mineral Resource and Ore Reserve estimate which, when compared to the October 2021 PFS Mineral Resource and Ore Reserve estimate, represented an increase in total gold content of 53% and 50% respectively. The updated estimates by Greatland were based on a December 2021 drilling information cut off and were independently confirmed ahead of announcement by Greatland on 3 March 2022
It was a brave move by SD, IMHO we have him to thank for the deal being closed at $60m rather than a more lowball figure, was strange at the time NCM went out of their way to state this was unratified by them - now we know why. SD clearly holds our interests.
Pete…
‘ To use an analogy - would you purchase a house today, at a price that represented its resale value 10 years from now? You wouldn't, in part because the future is unknown.’
Unfortunately this analogy is flawed - when you buy a house the plot doesn’t increase in the next 10yrs, havieron will.
That being said, I agree with your overall premise that our 5% agreement may underwhelm compared to some of the numbers put out. Time will tell, but I have little doubt that Shaun will do well for us PIs.
Realise this has been said before. I’m pretty patient and try not to rise to disruptive posters.
BUT just a point worth noting…
Those here and invested look to eachother on forums like these (and telegram) for mutual support and reference data in a common goal to succeed.
I really cannot understand why some posters see fit to try to destroy the goodwill and cameraderie established by good people, when their agenda is quite clear and transparent. By the mere fact we are all still here, the message is clear.
You will not win.
It’s been a crappy year. I’m comfortable but won’t reach happy until fair value - IMO currently around 30p, with room to increase with pending assays and exciting potential at zipa. Not to be a damp squib, just that we’re not recovered yet!
As much as I’d like to agree regarding an impending RNS with transformational news that will recover the SP to a new ATH, I’m hoping we don’t convince ourselves of this - otherwise there may be a sentiment drop if/when it doesn’t arrive. I don’t want the MMs to have any leverage to drop us any further…
Interesting viewpoint. I would have thought any increase needs time to ‘bake in’. At the moment we are only seeing reactive SP sentiment to new news. Not saying it isn’t the number you state, just that it may be more… or less…