Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Has anyone heard the Oct EMRA payment yet??
Just seen on ADVFN that betaville are suggesting a private equity fund is interested in taking out equiniti at 3-15 to 3-25 ! Make of that what you will
So when cey published 2nd Q prelims and announced the bad news they fell. Then when the full half year figures confirmed they fell again. When they announced these 3rd Q preliminary figures they fell. What is consensus on what will happen on confirmed 3rd Q results in November?? It looks like the low grade thick zone is behind them so the last thing that can hold them back is the final dividend. If as expected they produce 480000 at Average $1200 can anyone provide the dividend range fro 30-100% free cash flow
Anyone any ideas what’s been happening here the last few days?
Just to be clear the MCap is ~£100million But they r progressing nicely strong last quarter still to come!
150 p and you can certainly have mine
Core underground equipment availability and utilisation has improved. As a mitigating measure, a reserve LHDR is due to arrive on site in the fourth quarter. This was it !
Do they comment or does anyone know how many drilling days were lost from Q1 due to the drill breakdown. Also I thought I saw in the update that the 2nd drill was still not on site I’ll check that and report back
Anyone any idea what’s going on here?
Hi MrTibbles Yes I wasn’t aiming that one at you and indeed I value you posts and have some sympathy with your anger. I’m hoping a maintained divvy and a solid set of Q3 figures will get us back on track and I believe that will be the case. We did 310000 oz in h2 2017 so if we can get near that we’ll be in clover!!
I would love to see a £100 million share buyback that would send a strong message
Tiger by the tail You need to understand that in mining once you are through to the rich vein the grades will pretty much instantly improve. It is perfectly reasonable that they now will be mining the sulfide ores for the next few years and hence the grades will improve dramatically and as soon as they start. This will give vastly different results to the last 2 Qs. We have mined 150000+ oz/Q last year so perfectly feasible we will do so again. These management have an excellent track record of delivery and even now have been caught out by machinery failure but will come good with time. I think we may have a few shorters on here playing games.
Unless I am mistaken the major cause of the miss of predicted gold is down to the breakdown of the drill. We have got through the lower grade zones and these were known about and highlighted and we are still on target to hit the revised targets of ~ 510000. None of this justifies the current share price reaction As usual the stock market overreacts as a method of transferring wealth from the impatient to the patient There is no need to panic this isn’t a manufacturing conveyor belt and there are times when the grades will drop and times when they will rise patience is all u need
Not sure what happened to my first post but in essence it said we need 150000 per Q for Q3 &Q4. We’ve done that before and should be fine again so buy today and tuck away We are back into the higher grades for the next 4 years!!
Buy today that should have said!
So we need 2 Qs at 150000 average to go hit high end forecasts it seems we r through the low grade material so we’ve hit those figures before. I would say all on target for 505 -515k Therefore no need to panic but today and tuck away!
Hi sparkle No I’ve been invested on and off since 56p before the court case. I don’t post often but always value the input of this board especially siko who always had a good handle on things and an ear to the going Egypt. I have a lot of faith in the management and their ability to under promise and over deliver. I’m not sure how much it costs to buy a second drill that broke down this quarter but if you have 2 surely u will use 2 so we could see productivity increase beyond expectations later this yeAr or next. Of course when that is the norm if one beaks down ..... I imagine it’s a huge piece of kit that is not easy to remove from the underground mine and will always cause problems in times of breakdown
112500 The next 2qs will see the big oz return
I'm assuming from my last post the shares are already listed and the initial drop last Friday was the temp drop......
The New Shares, when issued and fully paid, will rank parri passu in all respects with the Existing Shares, including the right to receive dividends or distributions made, paid or declared after the date of the issue of the New Shares. Applications will be made to the FCA and to the London Stock Exchange for the New Shares to be admitted to the Official List and to trading on the London Stock Exchange. It is expected that Admission will occur and that dealings in the New Shares (nil paid) on the London Stock Exchange will commence at 8.00 a.m. on 29 September 2017.