Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Looking at the potential resources if drilling is successful we could be looking at thousands of barrels a day production within a couple of years.
Really all depends on getting this side track drilled successfully and a good flow rate.
A problem could be that they may have to delist if they are basically a cash shell with little cash and net liabilities.
I thought companies had to be suspended if no trading activity after six months and then delist six months later if still no business activity.
We have tax losses available ready for an RTO.
£500k potential income at current gold price.
These grades are quite small so hopefully much higher once processing has been done.
Of course as I have said before Welsh gold has a premium attached to it.
Maybe sell Horse Hill stake to avoid more short term dilution.
Something seriously wrong.
Gold over $2300 and the banks are working at a snails pace.
Maybe the Ethiopian government wants the gold for itself.
Plenty of corruption etc in all the African countries anything possible here.
Harry still getting his vast earnings so at least someone happy.