Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Well worth investigating the links between RAB and the CGO large shareholders and board
Then look at what other projects RAB are invested in, have been invested in and whom with.
RAB support should not be a green flag for private investors to buy
All in my opinion
Looks expensive at 1p
Coal in the ground has no value
Coal mined and sat on hour site with no buyer in rural Zimbabwe has no value
1p share price is literally potential of a deal; the track record of the board suggests a deal is unlikely and to compound matters the company governance and the country it operates in governance is questionable at best
I got this wrong, I never expected the market cap to fall to this level especially as it’s still a sound business in a relatively stable country
RNS Announcement on Capital Repayment dates
On or around Thursday, 23 May 2024
Aura treat UK shareholders with contempt, dont reward, sell your lifestyle company shares.
They said there would be a decision on the mine by the end of 23, then 24 and now its 25
All they have created is costs and dilution
Madness for anyone to buy at these levels, this is heading under 5 p and likely considerably lower in the long term
Madness for anyone to buy at these levels, this is heading under 5 p and likely considerably lower in the long term
This will be diluted to hell at the start of 2025 IF they obtain the 100m finance required for the mine construction
Consistent sales for over the past 10 days
Draper will be enemy No.1 and he’s earned the target on his back with hyped claims and diabolical delivery.
Sponsoring Norwich city when the firm was skint was the icing I the cake.
All in due course
They need to finish the year strong, the Kazak economy is picking up, inflation is dropping, the domestic market is steady and there is future demand, all about controlling costs and making the plant more efficient
Of the many problems and red flags with Contango, the falling out with the Chinese a few years ago is what sealed its fate.
The Chinese run the show when it comes to mining in Zimbabwe.
You don’t get into bed with the devil, then the devil will make you pay as he’s the only one interest in taking Coal from Zuba.
Why?
Because it’s too far away from the ports, too far away from SA, you either sell to the Chinese in Zim or you don’t eat.
Can see a fund raising on its way at 1.5p, please don’t be stupid enough to invest more money into this adventure.
Interesting how the board never discuss the Mali gold prospect which looked very promising on initial results, it’s as if the Mali prospect never existed.
Look at my post history, 6 months ago I warned you all about this company and it’s rotten finances - you all mocked me, hyped it up, reported me, had my posts deleted, called me a shorter.
So here is one last plea, do not buy any shares in this company as an investment
The only way to make money from COPL is if it has a dead cat bounce and with so many shares in issue that looks less likely