Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
There has been consistent selling after holiday break in the wake of the significant rise the week before Xmas. I would suggest those buys were a punt, hoping for the long awaited Committee Meeting to discus EISA. That meeting, apparently didn't happen, and so those punters now sell. Some way to go before it returns to pre-punt level.
No amount of rainfall ( except Biblical proportions) can alleviate the ongoing, long term water problems in both The Kingdom, and countless other countries Worldwide. Countries, especially Western, even now, do not fully realise the dangers GW poses. Too little, too late. For The Kingdom has to find alternate sources of water, other than rainfall, for a long term fix. Acting now is still problematic for EML. EML has to find it's own solution, and it's not doing that. The 'big crunch' will come when there aint enough cash in the draw to pay their wages. Be aware of a 'false' RNS saying 'good news is imminent' as the basis for a cash raise from PI's. IIs will laugh at it.
The former slim Lady, has gained 80 kilos over the past year, and is already practicing her scales.
So, 'the main players' are still on board. At what price.? What has BOD agreed to get them to remain on board. ? A lot I would proffer. Of course EML had to announce something, since the 'agreement' was ending, and investors would have drawn their own conclusions. With a massive 'sell off'. If 'main players' had refused to extend agreement, and EML announced it ( by AIM RnR, it would have to do it), carnage, again. Of course, EML will not release 'terms of agreement'. It is over a barrel, and being rogered hard.
Over at one of our friendly rivalry cos, a New Broom has been bought and the old incompetent management are out. New CEO, new CFO, new Chair. New Director buys, and sp up nearly 60%. The sentiment has changed, now they have to back it up with decisions. Is that what should happen here, I ask myself.?
Well spotted GW62, and u r 100% correct. Will have to cut down on the Phyllosan
However, the ball is kicked further down the road to a possible default. The clock is ticking. Has the Grim Reaper already picked up his scythe in readiness.?
Mat;
'Countless useless facts about Potash that we're not selling'
We have to produce before a sale can happen.
The clock is ticking on when the $3.5m will run out. the burn rate of $2.5m pa, suggests c70% of 12 months from June last, so c8mths, which is Feb '24. With the lower 'activity' rate of the company, since waiting for approval , they can't be designing infrastructure, (can they.?), I would hope the burn rate is less. So possibly June '24. The authorities must give us a definite' yes' or 'no' well before that time. PDMR's must have worked on the water problem, and offered solutions?
If we don't here anything by Xmas, I believe the game is up. EML going the intnl Court of Arbitration is a loser. 1) The Court , rarely finds against a Govt, 2) The sour taste left will seriously hinder negotiations going forward if appeal is successful.
This is all negative stuff. Trying to be optimistic I find very difficult.
Finally, the Penny has dropped. New CEO, CFO and soon new Chair. The old lot has a track record of failure, the most notable being, placing the biuld of the FOAK in the hands of a third party. Schoolboy stuff.
There are quite a few problems with PHE, but we now have to see what stuff the new leaders are made of. It will not be an overnight transformation, but at least they can hit the ground running. I hope to see a few RNS that show us long suffering investors, that they really are 'on the ball'.
For once, I can say, 'exciting times ahead' - possibly, maybe.
" weeks ago, I had an email xchange with DeSouza. He offered a tel. call, I said it was not necessary. He only contacted me by email after I had left 3 messages on the 'contact form', and in the last mail, said I could wait, and raise my questions at the next AGM. PdS replied the same day.
The bones of the exchange, were, IMO, the Co was a BOD lifestyle company, and It should have a defined Dividend policy, which is the prime mover of sp.
His reply was that there is no divi policy and the company is a growth entity, and resources will be used that way.
It was a pleasant enough exchange, but we agreed to disagree. I sold out.
Good luck all.
Swazers. Like the Fake, living in fantasy land. You are confused, these are facts not insults. So, CP, why did The Fake change his alias. I'm very happy with my alias, used it for years. You only have a name because you peddle your loss making company on BB's. I know you have been reported for this, but no doubt a few lies got you out of trouble. I prefer anonymity, there are some weird people out there who go to extreme levels to satisy grievences when they have been shown for who they are. BTW, CP, where is your mate - sent you to do his bidding. Still kissing the ring .lol. You tell me then CP, why the alias change for the Fake. And dear old Piltick, has to get in on the act, another who showed fealty to The Fake, and again, a limited knowledge of DMG and the mechanics of it. Same as this BOD I think.
Fake. You had my post from yesterday deleted. Wonder why/ lol
Basically, it only asked you to copy and past ( your forte) anything
in my posts which corroborate your accusations. You can't, so you had
the post deleted. And for good measure, it asked you, politely, the
reason for the 'alias' change. ? I suggest someone else, probably on
Telegram, caught you out as well. I also enquired if you managed to
ingratiate yourself with HUI mngmnt as well as PHE.? Do you still use
Dr when contacting both cos.? It is illegal when using a false title
for profit or gain you know. Ahh, maybe thats why you dropped it.
Finally, I'm still living in Copacabana. Too hot at mo though 35dC, so
last week was a week away at a fabulous town in the S of Brasil,
Gramado, Built by Italian, German, Portuguese immigrants, surrounded
by deep valleys, ideal for grapes and wineries, and a chocolate
industry. Only 40k inhabitants, but 2M tourists p a. No street
beggars, no sleeping rough on streets, no crime, a welcome change from
RdJ. Anyone visiting Brasil should put it on their itinerary.
OK Aghmir, EML PDMR's know you very well, so obviously you have raised all of the points this board has posted with management. They would not have told you anything confidential, so post their replies please. And no, this is not a joke. lol
I didn't suggest that you were banned in Telegram group. You still have the same problem - understanding written words and memory lapses. Seek Help. So, you don't use Dr in Telegram, and posting here under another alias. lol. Guilt caught up with you.?. I have a decent enough memory, thanks, and where you are concerned, it is not selective. Remember you saying one of the reasons for delay at Protos was the obtaining of the SPV. You had to back track when I told you a decent Lawyer could get it in one day at Court. And Fake, I still live in Copacabana, another of your false accusations dismissed. If you want confirmation, go on EML board and chat with Kimhappy. She is not an alias of mine which will be one of your comments. So Fake, do you still post dribble on Telegram?, and have you ingratiated yourself with HUI yet, will be a little more difficult not using Fake Dr though. Toodle Pip,
Unfortunately, that post about that phone call, and the mentioning of Paul Scott has lesd to a near 20% drop in sp. Although the Chair dismissed the idea of a cash raise to fund future expansion plans, the Cat is out of The Bag. It has got investors worried. Well done for mentioning Paul Scott and his thoughts. And no, I do not see falls as buying opportunities, I'm full loaded thanks.
Ahhh, Swazers, The Clown Prince of Charting, I like that. Swazers posted about the drop in PHE sp;
'No one has escaped the pain in the past few years. It's a bear market.'
I did with PHE, I posted the day the RNS dropped about the collaboration with Peel, and putting the building of the FOAK in the hands of a third party. My exact words were ' It's schoolboy management'. The Fake was/is upset with me since I was proved right, and he, and swazers have been posting like Clowns. They don't like it 'upem'. The Fake is in his element over at Telegram Group. Being called Dr ( it's fake), and monitoring the posts. Anything not to his liking - banned from the board. He's a narcissistic authoritarian. The Clown will now post for him some dribble in reply, or probably, remove the post. I've got it copied, so can repost.
AGhmir. A few weeks ago, I suggested that you make EML cognisant of your posted comments on here. I gave you an email address with a name. Did you do this?, and if so, any response?. By all accounts EML have an Arabic speaking PDMR with knowledge of the market. It would not be a surprise if he knew nothing of the information you post on here.
VH. Are you on day release again. The posters on here are invested. You are not. We do not want your constant rubbishing of this share. We are aware of the failings and shortcomings. You have been irritating us for a few months. Many of us have been here years. Many of us still hold because it is not worth selling now, the monetary return is insignificant. Aandi was equally as obnoxious and the opposite to you. He could only see immense benefits in this company. He has done the honorable thing in this depressing 'jam tomorrow' news cycle from EQT and decided against posting, presumably on the basis to avoid further ridicule. Take a hint VH, be a damn good boy and Eff off. Thanx in advance.
Naturally the Herd Alpha agrees with a nonsensical post from dunnarunna. lol. He then states;
'As I have mentioned before if the permit isn't granted right now then, I cannot see why EML could not negotiate a satisfactory compromise given the huge financial benefits for the company, country & local employment opportunities the project brings.'
What is a satisfactory compromise you dolt. Water is the problem. The compromise is 'get water or no EISA'. There is no short term prospect of EISA, and that is why the failed BOD ( did not envisage a major water problem), and the CEO must go. The medium term solution is to get funding to build a Desal plant at the coast and pipe the water. Make the plant big enough to have a surplus to be sold. Or build plant local, and pipe saline water. A compromise!!! what are you on.?