Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I would estimate $3-3.5 million with just the return of the absent customer, so if Cobre do get an additional customer they could be at $4-4.5mil.
This is only undervalued as investors want to see facts.i.e. increase in turnover
Its diabolical really, from the start i wasnt a fan of SML buying LCCM, but and i say but, if JP had drastically cut costs at time of purchase i do feel like SML would have a copper producing mine parallel to the magnetite operation bringing in a nice revenue. This would have financed a lot of work on Redmoor and provided further options.
Complete mismanagement, relied on a Brenda without clearly doing much due diligence or KYC, its the relying bit that bothers me more than anything else.
Now we are in need of a finance agreement that a so called finance expert cant seem to land.
JP I wish you a happy xmas, but for christ sake pull your finger out or get out.
In my mind people need to just stop trashing the BoDs, no one else other than me, prop and fira (yes) came together to get more shareholders together and do something, no one else came forward.
As people appear to not be bothered enough to do something to help then they should just keep quiet, yes the board dont appear to be performing, but the constant gripes are not helping either.
Sorry if anyone feels offended but its not personal to anyone, just an observation