Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
https://www.google.co.uk/maps/place/Karanja+Port/@18.8517211,72.9671676,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G%3Dw114-h86-k-no!7i4160!8i3120!4m7!3m6!1s0x3be7d9390949822d:0x59ed64f9ab495d0f!8m2!3d18.850944!4d72.9675902!14m1!1BCgIgARICGAI?hl=en
some more photos below: https://www.google.co.uk/maps/place/Karanja+Port/@18.8517211,72.9671676,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipNRtrvUB9HwwzjvTBAzZ2KQwRMQvXi-c6nOA_9G%3Dw114-h86-k-no!7i4160!8i3120!4m7!3m6!1s0x3be7d9390949822d:0x59ed64f9ab495d0f!8m2!3d18.850944!4d72.9675902!14m1!1BCgIgARICGAI?hl=en
vog, did you get to see the following pics?
https://www.mercpl.com/gallery/Photo/port-operations/36
Now, images 5,6 and 8 are interesting. You can see if you enlarge image 5 that it is Terephthalic acid, a raw material being shipped to Reliance industries in Dahej, Gujarat via Karanja port.
Dahej plant is huge, just the expansion cost is an estimated £700M and owned by the richest man in Asia.
https://energy.economictimes.indiatimes.com/news/oil-and-gas/reliance-industries-looking-at-expanding-dahej-manufacturing-division-at-a-cost-of-rs-5100-crore/74065521
A vendor to Reliance industries would not be small fry and would have a longterm contract with Reliance. Hopefully another long term contract on the cards for MPL with this vendor.
Saurashtra cement, the latest client! waiting for L&T, the biggie. The board had promised that there will be more contracts in the last quarter and have delivered so far. Would be nice if the deal with the biggie, L&T is signed before bank payments start in oct 22
· New contract signed with Saurashtra Cements limited and with Esquire Shipping & Trading Private Limited.
Esquire was already signed earlier this year. Sourashtra Cements seem to be a brand new client, waiting for the biggie L&T contract now.
MT, The photos in the annual report seem genuine.
Check out photos of operations added on MPL website here:
https://www.mercpl.com/gallery/Photo/port-operations/36
The vessel 'Nand Aparna' in one of the photos was heading to Karanja:
https://www.myshiptracking.com/fr/?mmsi=419012400
The 47.6 is the total of what they would pay the banks over 7 years as per the RNS. I do not see it mentioned anywhere that there was a total loan facility of 47.6
One contract of 6.8M per annum in the near future should take care of the total amount owed to the bank.
My shares go into the bottom drawer and see how this pans out fingers crossed.
Ok thanks. They very well may, but from what you say, the current loan amount is between 35.5 and 38 then? So as it stands now, 1.7 - 1.9 is what they would be paying per quarter. Nice!