Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Pander or whoever.
Covid another scam. !! You lost all credibilty as an educated person with that one statement. I spent 15 weeks in hospital in 2021 with Covid. I was intubated, on life support, for 5 weeks, received dialysis, and was as near to death as one can get without dying. Beside lung damage, my kidneys were damaged, and I now have Critical Kidney Disease which requires a very strict diet to prevent further degradation of Kidneys leading to Dialysis or Transplant. You are an uneducated conspiracy theorist with no life, Do not breed please, try and keep the gene pool free of dolts.
Posters should not get 'carried away' with HFC cars. China is the World leader but the 'cost effective' cars are too small and would not qualify as Gamily Cars in Eu. At the moment Fuel Cells are too expensive fo 'family' cars, and are a significant proportion of the total car cost. The HFC cars available in UK are 'high end' models', and are £70/68K. The overwhelming main market is in HGV, trains, ships, commuter aircraft and public transport.
For the umpteenth time on this site, I will express my belief that the way to sell DMG is the elimination of plastic waste and tyres from society, with Stngasas a product, and H2 production as an add on if required. With new Solid State batteries coming to the market place, the case for BEV's is overwhelming, with distance of 1000Km +, and charging times in minutes. Give it another 2 years max. Our streets will be 'cleaner' for us and our kids, with no Carcinogenic particles in the air. Bring it on.
BTW, Biden is under pressure in USA to ban Chinese car imports as being detrimental to USA car mfrs. One would have hoped, being a market based economy, that it would want to compete with them on a 'fair' basis. Use tariffs to slow demand.
Castlepaul.
Birmingham CC will certainly not be buying H2 from PHE, either in the medium term or long term. It will store H2 in tanks in the bus depot, the H2 being sourced from the cheapest form of manufacture, which is Steam Reforming Natural gas. Cost is paramount, not if it's grey, green or blue. In the longer term H2 from electrolysis with electricity from wind, solar etc , if competitive, will be bought.
Aka. Thermal Combustion Chamber, Kiln.
It is most certainly not a combustion chamber, which implies materials 'burning' in the presence of air ( Oxygen).
The whole process is performed in the absence of air, since if any air was present, it would 'burn' the feedstock, and produce oxides of Carbon, Nitrogen etc. ( CO2, NO2). The feedstock, through very high temperatures, a plasma is formed, and the feedstock is broken down, 'converted' into it's individual molecular components. IOW, the feedstock, plastics, tyres, consist of long chain polymers containing the atoms of C, H, , with some N, K depending on the type of Polymer and what it is used for. Tyres contain Sulphur which makes rubber, hard. Vulcanisation.
In the absence of 'contract win RNS is likely to be a Trading Statement RNS, the last week April, and after that, we can look forward to the Half Year Report, sometime in first week June. Positive RNS's on these subjects should see sp hit 80p
AS previously mentioned on here, I was surprised, no flabbergasted, with the recent fund raise.
Why did it fund raise at this time. ? Clearly, it did not expect an early approval of EIA otherwise it would have waited to get an humungous amount of cash flowing in. We had been told company had sufficient cash at hand to see it through 'til end of year. So probably, as a poster mentioned, the auditors would not sign off the A/cs as a 'going concern' for a further 12 months. The audited A/cs are issued sometime in April for YE '23, so time was of the essence. The PDMR's could have had a private loan to the company to see it through to EIA approval. If EIA was not to be approved, then no amount of cash would save the Moroccan operation. So, on the surface, it appears that it was a 'genuine' raise to further promote KMA and EIA approval, rather than my initial 'usual' thought of 'raise to continue to pay salaries. expenses and pension pot payments.'. Clearly, my initial thought and hope was that EIA would be resolved before end April. With the foregoing, this is extremely unlikely to happen. However, a further 8 weeks should be ufficient time to promote thefeasibility of the KMA process, and allay fears that concern Committee. So, by end of June it is then. sp will probably 'wobble' around current level during this time frame, unless RNS drops with either 'good or bad' news on developments. RNS drop,!!!, we should be so lucky.
Of course this 'chart' will be nonsensical when the rns drops for EISA approval or disapproval.
What we need swazers to do is to draw a chart showing when rns's will drop. Shouldn't be too hard with his imagination. ?
Thnx Plantdad the info from Rice Uni of the Thermal Process.
This is the temperature, 2830dC, ( plasma forming). that was mentioned very early on in PHE RNS's to get a Plasma which separated the various plastic/tyre feed stocks into molecular components. The problem is not attaining these very high temperatures, but containing it in a thermally efficient refractory box. IOW a kiln. Has anyone up to date figures from PHE on kiln temperatures.?
This might have been a stumbling block that caused Peel angst and their decision to opt out.!
Si and Al based refractories are of no use at this temperature, to my knowledge, and only Graphite refractories can withstand these kind of temperatures. Very expensive. Graphite sublimates rater than melts.
Ship leaving China 29 April. Hope it is routed via S Africa. Knowing the luck of this outfit, if vessel enters Red Sea, struck by drone, sinks, and then wait long time for insurance claim. Take away all possible Black Swan events. Simple.
The article does not explain this 'new' process, and only hints that as well as H2 being produced, Graphene is also produced. That makes me think very high temperatures are involved, but the photo accompanying the article shows a guy in a lab coat, messing around with 'unknown' products in a Petri dish.!! Look like a room temperature 'chemical breakdown' process. !!
Not excited by this.
Really pi**ed off. Bought in too soon. Never thought there would be a fund raise before EISA. Poster who thought A/cs would not be 'signed off' because of lack of cash, got it spot on. Has also now given much more time for Company to dilly dally inputting forward new proposal including KMA. And it will dilly dally. 'A few weeks time' lol. Another imminent and another 'rod for his back'. I can't add shares to reduce average in Rex offer since I am not a UK resident. And Gremlins are now saying 'don't throw good money after bad.'
Hopefully, new Investors will use 1;1 Warrant Issue, meaning SP above 3p, so EISA awarded, tarnished by massive dilution again, which **cks up all previous posted material on 'payback times', final sp etc. What's to like.
Thank Heavens I bought RR. at 77p. Will stick to watch that rise and forget EML for a few months.
It is my experience that companies who have had a large consolidation (50:1) drift lower until a positive RNS is released. There will be some SH's who sell because they do not know there has been a consolidation, and are perplexed when their no of shares in account is only a fraction of what they believe it to be. !!!
The company fundamentals above has not recalculated no of shares in issue. The 'old' no is c1b, the new no should be about 22M. The MC, I believe is correct.
AJ27
Never in the field of company endeavour have so many companies failed to meet forecast capital payback time frames.
And I do not expect EML to buck this trend. Then, as I alluded to, after debt paid of, there is capital reqiured for business expansion, MnA, new plant, machinery, etc, etc, The list goes on and on. Something else where companies prefer to use surplus cash is Share Buyback programmes. It benefits SH's in reducing no of shares in issue, so is an obvious benefit when divis are eventually paid, and equally as important, taxation benefits. 20 years may have been conservative, but definitely no divis within 10 years. Hope we are both around at that time to continue the debate.
Wheresallthemoney.
Divis will only be paid to SH's when the mine is up and running, profitable and has cleared majority of debt, and has all the necessary assets to mine for 20,30 years. t may also want to venture into the acquisitions market. The timescale for divis is therefore at least 15/20 years away. If, as I suggested, the sp attains a MC in line with the profitability statements issued by the Company, then it will be around the £2.30ps mark. I would expect a yearly divi of 15p ps. Anyone buying in now, and holding for 15/20 years would then have to take into account the actual values of 2p and £2.30 after inflation and taxation. IOW, it is not as good as the figures suggest at first glance.
I believe there are only 2 'near term' outcomes, first, no EISA award and the company files for bankruptcy because of lack of cash. No reason for OCP or any other party to act as White Knight, since a 'Firesale' will be a more cost effective solution.
second option is award of EISA, and an immediate rerate of sp to ?. I have posted a year or so ago, when sp was a higher, that EISA would give a 15p sp , based on the '2 year run up' to production and a probable£2.30 sp based on projected revenues. Since nothing will have changed, except for the positive elements provided by KMA and some 'better' more expensive saleable products, then 15 p is still a 'target' sp, albeit more likely attainable after a month or so after EISA award. I reason this since there will have to be the inevitable fund raise following award of EISA, and this will diminish the fervour to buy immediately after award. I 'guess' that 7p is a more realistic target immediately following award.
at 2p, with '2 month target' of 15p following award, there is a 13p upside and only a 2p downside. It is irrelevant if you buying at 2p now or have bought higher). My thought is that it is more 'likely than not' to be awarded following return of decision to local and the new KMA process. I therefore believe it is better than a 50:50 chance of approval, and a 750% gain. A no brainer. Other investors will have a different probability of EISA approval, and can do their own maths. A decision not to 'buy' can only be made if their probability is 7.5 /1 against award.
Naturally, by my reasoning I should be 'going all in'. I already have 'bought back in', and will 'invest' a further £1k, and my final 'investment' will be what I am prepared to lose, which should be the 'mantra' for all investment decisions; Only invest what you can afford, and are prepared to lose.
RightInvestor'lol
Yr post;
RE: Another string to the bow.11 Mar 2024 08:05
This share will fly in the next 2 weeks
Today is 25 March, so 2 weeks has passed. Not flying, but grounded. And for good measure, and to cover yourself, you posted 'will fly in next 2 weeks', 3 days ago. please cut out your nonsense posts, you just make yourself look very foolish and somewhat of an id*t.
Woolverstone. Your comment that he EISA was 'too important' for the 'local' Committee to approve is incorrect.
The 6 July RNS which informed us of a decision, clearly stated;
'Following a recent evaluation meeting, the Commission Régionale Unifiée d'Investissement ("CRUI"), the regional investment authority, was unable to approve the application, '
The RNS gave no reasons, but in a preamble the Company stated it was the 'usual culprits'. Water usage, brine run offs.
In light of the fact that this BOD are rather 'Scrooge like' with divesting information to the owners of the Company, us, as S/H's'. I conjectured at the time that I thought the refusal was because if it granted EISA and water then became a serious issue, the 'locals' were making a 'rod for it's own back'. So, it passed the buck. National has now countered this by returning 'the buck', thus giving them full control on the decision. For reasons previously explained, I fully expect EISA to be awarded, sooner, rather than later.