Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Jason Brewer retweeted on the quakes Twitter page.
What’s your source PD101?
Doubt it. Volumes are too low. I think there are one or two retail investors picking shares up on the quiet. This is very much under the radar, fantastic prospects. With Quentin still putting money into this taking up his share to close to 50% (the website says 51%) and other insiders with around 30% there isn’t much free float. Once word gets out and with the at least doubling of the resource which management are confidently predicting this is going to fly in my opinion. Also uranium is going to $100+ in Q1. Things are looking really good here
Good point. I guess that after buying the shares back they will be cancelled, but $3m isn't such a great amount. It is more symbolic. What may also help to close the discount is a clear communication setting out the arrangements which mean that YCA is insulated from delivery and other risks from its tie up with KAP. It may even make sense to make a statement that any further purchases from KAP will not be considered until the current situation is more stable. I personally am not convinced YCA needs to keep on buying, SPUT is doing enough of that....I don't see any issue with just sitting on the current stockpile for the foreseeable future.
Its a mystery why the price dropped back, but a gift. Loaded up some more. This is the best risk reward investment in Uranium out there
Thanks all. Especially Centro. Restored my faith. I've been very focused on my Uranium position, to be honest, and not keeping up to date with developments here. Is this a 1p stock when the license does land?
How long do we have to wait!! I keep checking in to see if any news, but there never is. I'm a patient investor but this is taking it to an extreme
This also happened back in August I think, it is one of the reasons I now prefer SPUT, it is less volatile and the mechanism of action means the price tracks closer to the NAV. YCA was a quite a premium and this has been wiped out by the placing.
Wow. Another $550m to be taken off the market. My understanding is that Cameco and Kazatomprom are also committed to buying more themselves from the spot market, I thought this year. It really is building nicely
There is some erroneous data out there, numerco is the reliable source
Chill its $46.5 bucks
The framework agreement has an option to purchase $100m per year through to 2027. Has anyone kept count to the amount this year? I think we are there or thereabouts with the $65m purchased in August and there was some earlier in the year.
Exactly MoreThanMe. SPUT should be far less volatile hereon in, particularly on the upside, due to the dampening effect of issuing more units.
Thats right, SPUT can only issue new units when it is >1% premium. New units are sold for cash. Cash is then available to buy Uranium. What you need to bear in mind however is that units can be issued consistently during the day, and in issuing units, buyer demand is absorbed and the share price doesn't really rise. So a fairly flat share price may be disguising quite alot of new issuance and uranium buying. Yesterday seemed to be one of those days, a lacklustre share price performance day, but 680,000 units were issued and $9m cash raised used to buy 200,000lbs (cash balance fell from $8m to $7m. So quite a decent day, at this rate that's 1m lbs a week, which is 50m lbs a year and about 3x the rate at which new supply usually hits the spot market (15m lbs a year)
My reading is that we are in a bit of a pause for breath. The imponderable is the pace and timing at which flows into SPUT will recommence. Heavy inflows make SPUT a forced buyer in the spot market which pushes up the spot price. In recent days the flows have been a gentler, and buying subdued and probably private investor driven. At some point we need a whale or two to get involved, and they will be wanting to take positions in the equities ahead of launching a bombardment on SPUT. They will be looking carefully at timing their trade, hoping for a lower entry point, but aware they aren't going to be the only whale waiting, and that the fundamentals playing out means the clock is ticking. That would be my take. Very interesting times
Another way of looking at this is that the market is foreseeing a dip in the bid price to $44 but this is unlikely in my view as Sprott isnt allowed to sell.
Yep a 7% discount. This should be higher on the basis of the arbitrage opportunity with SPUT if nothing else.
So current price of 365 at current exchange rate of 0.7244 and spot of $50.38 is a 5.4% discount to NAV of 386. A bargain.
Excellent SGD27, I concur and have adjusted my model.
Surprised this hasn't gone up more on the open. 365 is 7% discount to NAV and a bargain. YCA and the uranium story is still quite under the radar for UK investors I think.