Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Ah - thank you
What do you think the total amount of fully diluted shares will be by the time the finance deal is fully complete ? Circa 1.5bn ?
Westie, more dilution ???? I thought the equity part was complete and the rest is debt e.g. no further dilution ?
7p is a tough cookie to crack. Just needs a bit of time or news.
When sentiment returns we all know PXC can move fast.
Great fundamentals and low shares in issue.
I can’t find production plan timing on the website, when are first revenues expected please ?
Looks good here, surprised it’s sub 7p !
Barron’s
“Pershing Square Holdings is favored by Bryn Torkelson, the chief investment officer of Matisse Capital. Matisse runs the Matisse Discounted Closed-End Fund Strategy (MDCEX), which invests in cheaply valued closed-end funds. Pershing Square Holdings is the largest investment in the $350 million fund that has returned about 20% so far in 2021.
Ackman is a premier manager and he gets a 27% discount. It’s kind of crazy,” Torkelson says. Ackman is coming off two phenomenal years in 2019 and 2020, when Pershing Square Holdings returned 70% in 2020 based on its NAV after gaining 58% in 2019.“
UMG our largest position (I think) is over 3% up today
Sorry, I missed this ! Cheers
This will serve PSH well in our NAV, does anyone know the details of how it works and current value ?
https://twitter.com/phoenix_copper/status/1465351610515787798?s=21
Bought more here, well below NAV and a defensive play in current markets
Investors in PXC at this stage should remember that the current market cap is underpinned (in fact now massively lower than it should be) by the fact we have ~$2bn MI&I resource at Empire Open Pit which will be in production near term throwing off ~$40-50m per year in FCF
Offices are going up, diggers active at the Open Pit & the community are engaged
The debt is very small at ~$52m and can be paid back in 1-1.5 years at current prices
All in Idaho USA
Now, the Empire Sulphides & Porphyry, Red Star, Navarre Creek, Cobalt JV & Horseshoe etc are all huge exploration upside which will be funded by the very profitable Open Pit (Cobalt JV is upside only pretty much with little/no PXC costs from here)
Once some of these are proven up individual projects or the whole company could be bought by a major at many multiples of today
I think some people are treating PXC like a exploration company with lots of build up & focus on drill results whilst forgetting the market cap is supported (now under supported) by a excellent Open Pit
Many of the exploitation results so far have been well above averages & some at world class levels thus supporting external experts (Nigel Maund) view of a world class deposit at Empire which shares similarities to the worlds biggest Copper mine in Peru
Global average Copper grades are around ~0.4-0.6%, expectations need to remain at this level, many of this weeks results were well above that. In addition the Silver grades were huge which most people missed
The big picture here is important, the way I view PXC is that there is a proven resource on its way to production fairly soon which supports a ~70-90p sp alone for how close we are, an experienced Board and a 10-20x upside from here if I’m patient for 3-5 years due the exploration projects
I buy & hold up to 100p then tuck away for 3-5 years
My views as always DYOR
These values support the conclusions of Nigel Maund in his 2019 Empire Mine report "A Report on a Field Visit Made to the Empire Cu - Au - Ag - (Zn) Project, Idaho, USA", wherein evidence is presented for an underlying molybdenum/tungsten porphyry at Empire.
Potash price over double that video now and demand forecast to grow
Nice little perk up before the bell
Added some more here, seems a strong buy for the long term
Shame they don’t know more PR, good story to tell but nothing out there
It would only be a closed period if they knew specific information the market didn’t, the EISA approval could land anytime and they wouldn’t know when therefore I suppose the EISA RNS land anyday
Lots on offer here, I like the fact that some of Bill Ackmans best trades have been is bear markets, makes me bullish on this in a bull or bear market
Trading at around 25% discount to NAV
FTSE 100
Massive outperformance of S&P 500 year on year
Managed by Bill Ackman
He does well in good & tough markets, very defensive, as markets get toppy it feels a wise move adding PSH
https://www.barrons.com/articles/how-bill-ackman-turned-27-million-into-2-6-billion-during-the-coronavirus-crisis-51585147940