Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
At the very least it appears to be a conflict of interest. If a company employs you to explore zambia for copper and you privately sell off zambian copper licenses. I cant imagine too many companies would continue to employ said employees. Of course here they treat arc like their own personal fiefdom so will not be held accountable. Its just one more thing to add to the list that absolutely reeks here with this BOD.
Yet again i cant help but feel misled by management. Whether by design or by ommision. Last we were told aa would be pishong into the wet season drilling. Now drilling has stopped prepong for the dry season and no mention of what was achieved or found pre xmas. BOD just treat shareholders woth total disdain in my opinion. Btw been stuck here 7 years in spite of management i really think there is something in the ground!
2 years and 9 months from first announcing the Anglo connection they still haven’t put any money in so….
Yesterday felt like a rush job to avoid yet another extension. Almost nothing of substance was announced. And nick was particularly vague when asked pertinent questions.
I’m sure it’s coming, but really materially nothing has changed we wait for cadestra( we assume as we’re not privy to that info) and whatever other conditions might be required by aa. And as mentioned by someone else the cadastre could be backlogged by months for all we know.
Not suggesting that it’s not the mining cadastra that’s holding things up. …but this should be communicated. As far as we are aware 90 days for dd which is now up. We have gleaned that dd and legal are being done toge ther from private emails to Individual share holders-again poor comms.
IMO 10p short term on signing of deal, confirmation of drill campaign starting.
After that it’s kind of an open ender… best case they find multiple tier 1 deposits perhaps 50p?
Worst case they don’t find much 2p
Pretty good risk vs reward I reckon.
ggp went up 20x when the good drill results started rolling in in a similar Jv
Heavily invested and have been since 2017. Hard to disagree with the negative posters.
Facts are, for all the positive spin and bluff Arcm have failed to meet a single objective for years now.
Positive guff in investor callls is simply fantasy as nothing mentioned has come to fruition.
The lack of comms by the bod is disgraceful whether NDA’s etc exist or not it has been used as a scape goat and umbrella answer for far to long .