Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
All in all a good RNS, sukari is looking in good shape to weather the current world problems.
I like this paragraph.
Sukari Bonanza zones. The Bast area between Ptah and Amun continues to return high grade underground zones of Bonanza style mineralisation. Drilling in this area demonstrates a consistent geological host within 100m of existing infrastructure which could improve underground operational flexibility through the development of a new high-grade mining area.
My prediction based on previous RNS are if if its a positive one then we will have a slight lift but finish lower due to the traders who have already positioned them selves for the anticipated good news rumour and will sell then sell on the news.
Then we can hopefully look forward to a steady climb back up over the coming months.
Fingers crossed for tomorrow and good luck to all us battle weary LT holder's.
Thank you gnome for your knowledgeable interpretation of the RNS and converting it to plain English for us none mining holders.
Mouth watering says it all for me.
Plain and simple, thank you.
Two lots of good news now in a short space of time, all we need now is Q2 to be good and i think we can say for certain that were finally back on track.
Happy days.
Just coming at this from another angle and i could be wrong, but could it be Mr Horgan is kicking ass at sukari getting people off there buts to do what they're paid to do and its not going down well.
Seen it before in other industries.
Just a thought?
Don't know about it being a philli, more like an old nag now.
The attacks by PP team are getting less and less effective.
It used to take weeks or months to recover, then it became days and now its effects only last a few hours before bouncing back.
I know that im preaching to the choir here but at at this price centamin is paying a 12% dividend.
Further downside is minimal but there's so many good news irons in the fire that could surface without warning catapulting the sp up to who knows where.
Just off shopping to the supermarket now looking for something overpriced to buy ; )
My point is that if Egypt for what ever reason, didn't like the takeover or think that its not in their best interest, it wouldn't take much to put in some sort of nonsense legal challenge that as we all know will never be resolved this would have dire repercussions for the bid from their shareholders.
It might even be a challenge from a private Egyptian investor who has a large position in Centamin and knows the true value of the mine and doesn't take kindly to being ripped off.
I've been in this stock now for a very long time and it was always thought that the court case held the share price down but here we are a decade later and no signs of it being resolved due to the archaic Egyptian legal system.
But my question is dose anybody really take any notice of it anymore?
Is it still pulling on the share price?
Surely now that lots of companies are willing to invest billions into mining in Egypt that its now not perceived to be the unstable basket case first thought.
It may be that some of the normally bullish pundits are thinking that gold might be in decline but are these not the very same pundits that said gold would be above $2000 this year?
I've come to the conclusion that no one really knows what is going to happen to gold as the normal economic rules don't apply at the moment the rule book is out the window for now.
My thoughts are that there's been several attempts to get gold under $1700 and they've failed each time,so it's my belief that most of the weak hands are gone and this is the new bottom until the next black Swan event, whatever and whenever that may be and gold gets the next leg up.
But what do i know its just another guess like the pundits.
Just how much profit does a miner have to make before they become attractive enough for people to invest in one?
When you compare them with say the fang stocks with ridiculous PE ratios, not much upside potential and massive downside risk.
Where as centamin is paying a good dividend with considerable upside potential and little risk of further downside it just doesn't make any sense to me !
Well at least when we get our dividend its a no brainer for me where my money is going for the best return.
For years the management had a reputation of under promising and over delivering and the markets had trust in them.
This trust has sadly been lost and will take years to repair but the new management has put in some solid foundations in trust issue so far.
Its now just a matter of time and keeping a strong and honest stable management.