Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yup spot on. Least we know where the money went from the cash raises...
Hopefully, regardless of how painful it was, it has got us past the post. Now the team just has to knuckle down and focus on getting up to capacity, and not start looking for new money pits before there’s substantially money dosh to play with. If we get another placing to ‘accelerate Regua’ I am definitely out for good
I’m still baffled as to why anyone would expect the Mcap of a company with a large loan to pay off, no firm production figures and a product which is hitting 12 month lows to be in the tens of millions. Currently we’re worth 0.4p a share. Deal with it. It won’t be the case forever
Perhaps he saw mogwhy’s list and thought what with the current APT price he’d need another placing just for all the RNSs
Well that took some doing....
One down two to go?
Should see a good few percent wiped off the sp today after that
I wouldn’t sweat it mate. Everyone’s (mine included) obsession with the Sp is unfounded. This isn’t coming good (or bad) until we have hard values on production and actual (not fantasy) costs. Then we’ll know whether we’ve all been led up the garden path, or whether a ‘money fountain’ has sprung in your garden. I think we’ll have a good idea which it is towards the end of this financial year. My biggest concern is the price of tungsten, as that is outside of wres’s control. In the event of a significant recession and economic slow down and APT falling to sub 200, will we be able to survive? Maybe on paper, but I think it would still be touch and go.
Now then tonna me old mucka! You bought your farm yet?
I guess the question is would you rather have good sp performance and poor manufacturing/planning performance, or vice versa?
At present I’d take 0.3p and a safe, methodical and measured approach to construction and plant development, over 0.6p and a slap dash, laissez faire attitude. Not forever like!
If. Being in this share is as bad as supporting the Boro
Good article on Seeking Alpha:
Inflation Before Recession - Buy Energy Shares
Summary
The media believes that the U.S. economy is heading for an imminent recession.
A primary flaw in this reasoning is that U.S. equity bear markets for more than two centuries have followed a reliable pattern in which events occur in a certain sequence.
This order of operations has a resurgence of inflation occurring well before the U.S. economy experiences negative GDP growth which defines a recession.
Rallies for commodity producers beginning with precious metals and usually ending with energy are also consistent and repeatedly misinterpreted by investors each time we are in a new U.S. equity bear market.
"The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus
Sxx down from 18p to 9p in the last three months. Doh
Err yes I was talking about processing efficiency
Your comment
‘For 200 tons per month product we need 200 / 0.001 (1%) = 200,000 tons ore per month.’
Is clearly just plan wrong. Why on earth would you think I was talking about the trucks moving the ore? I guess if it’s a really bumpy track and half of what gets loaded wobbles out...
Impressive, and let’s hope so. Seems we’re still going to need more trucks though, given that all three would need to be in permanent operation for the plant to meet design capacity. Need at least one I’d guess for contingency. Maybe another excavator? Let’s hope you’re all right and these factors have all been taken into consideration and the contract is based on quantities of ore moved rather than pieces of kit.
That’s not the inefficiency I’m referring to. In your calculation you’re assuming that all of the 0.1% WO crushed comes out the other end as product. That won’t be the case will it? Some will be lost during the process. I don’t know how much but I would suspect it’ll be a significant amount. Maybe not 50% but 25% seems very likely (caveat being I have no actual knowledge in this area, just guessing!) therefore you’ll need to put in more than 200,000 tons of ore per month to get out 200 tons of product. To me the current 30mins round trip looks tight and this answers your question to jaf of ‘Give me an example of where the predicted expenditure may be an under estimate’
Whether you chose to acknowledge this as an acceptable example is up to you.
Unfortunately that assumes the process is 100% efficient, whereas you’re likely to be closer to 50% I’m guessing. So now you need 6666 truck loads a month or a round trip for each truck of 18 minutes 24/7. And unless they’re magic trucks they’re going to need some time off for maintenance etc. Already the figures are looking unrealistic, and jafs concerns of higher opex more realistic. Just because the bloke can’t answer his question doesn’t detract from its validity
I’m sure there will be areas where the current predicted costs could easily turn out to be less than they are in reality. Not being a miner myself one thing I struggle to visualise is exactly how much of the raw ore will need to be fed into the crusher to generate 200tons a month of product. Given the ore has such a low tungsten concentrate one would imagine tens of thousands of tons of rock will need to be fed into the start of the process. The drone fly by showed one (big) digger and one (big) truck. Could this part of the process be a bottle neck without further investment? Thoughts welcome
Bloody loved that. Would be great to see it in person. Massive
Indeed. Like all on here I’m just being impatient. A ball park figure would be nice
Its good to see we’re producing reasonable amounts of sellable product (cf. ORM), but still annoying that we have no real concept of the actual amount of product produced and sales generated. Surely that’s not hard to measure? It suggests that the total amount produced is still minimal, imho
Wres is actually top of my watched list on HL, with my six other watched shares all down by more. So a good day really!
Lets hope old Tonna doesn’t sell the lot. He was definitely buying in the 0.3s but can’t believe he’s made much on this. Selling now does seem odd and worrying. Kev, you state you’re occasionally on the blower to him , can you enlighten us?