Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I had a reply back from the company and basically the company believes the new shareholder could lead to significant further funds down the line.
They have been very eager to get into the stock directly for quite a while and this has been carried out via this small raise.
Don't forget the "Good Doctor" and Pension fund will be back for more no doubt as may our new friends the Sophisticated Investor.
I'm now questioning why this Project hasn't been promoted more given that we are so close.
I would be shouting it from the rooftops if I was on the BOD.
Is this lack of getting the message out intentional to aid in the low SP..?
I shouldn't be thinking like that but this morning's RNS has made me think that.
As already said tho, these groups are here to make money so I'm still expecting good things.
Well I've emailed the company with some spikey questions and also questioning their integrity as this has ****ed me off.
I will report back with the reply if I receive one.
It appears the long term invested PI is to be shafted/overlooked the same as ever.
Well I have to say this is the first time I've felt really annoyed and disappointed by the Board.
I can understand favourable terms for the "Good Doctor" due to the amount he was committing but this just appears to be a "mates rates" exercise due to the relatively small amount raised and to be honest it's left a bad taste.
Hi DtE the TL contract is a Build-and-Transfer model and is common where the grid is owned by a national utility.
If we waited for the BPC to build the line I'd suggest this project would never happen.
I asked the company about recouping construvtion costs and was told the tender has been priced to take into account the cost of the TL and BPC are aware of this and accept that the pricing must reflect the TL construction cost.
Hope this helps mate.
I think a lot of PI's have lost interest in all fairness. It's a bit like the boy who cried wolf, we've heard it all before, but I'm digging in because the hard yards are well behind us IMO.
I got in touch with the team and the next update will be drilling related, from core hole to new production well.
Indications are that this update will be in the coming week.
Good luck all.
My thoughts exactly Winni.
I've emailed the company a few days ago as I would have thought they would be shouting from the rooftops as to our current position.
I'm sure it must be that they are too busy with working flat out or at least I'm hoping so.
Good RNS, I like the fast tracking of the poles to attempt to accelerate the TL scope and also like Orapa getting a mention again.
I really think that we are getting somewhere now. I'm a little surprised the SP hasn't moved up a little more but then again a lot will have lost interest as it's been a long slog.
It appears Larkin is finally aware of shareholder's disappointment here!
"our 100% interest in this late stage appraisal and development asset that has the potential to deliver significant near term value to our shareholders. We are making good progress on potential options to maximise shareholder value"
Another disappointing RNS here but I'm in for the long run so I may treat this as a topping up opportunity.
Also it demonstrates yet again the importance of doing your own research and not being suckered in by some on this BB, they are fantasists as best and won't be around once this hits 5p
BT, my last post on this subject;
The below statement is displayed before crux video/interviews are started, it means a lot to me.
This company has paid for video Production.
They have no editorial control or veto rights, and we do not exchange questions before the interview.