Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
If the PFS numbers were plucked out of air just to get the ball rolling as you imply my dear friend then the ASIC should have something to investigate and we all shareholders should initiate a class action because we were mislead. Are you insisting on your comment?
Quarterly activities report, March 2020
1. Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: No. The Company has signed final agreement with CEZ Group regarding its
investment in Cinovec Project on 27 March 2020. CEZ has paid ~AUD 50 million into the
Czech subsidiary, Geomet to fund the Project. This will reduce the Company’s holding in
Geomet to 49%. On completion of the final agreement, the Company will cease to
consolidate Geomet’s results within the Company’s consolidated accounts. It also means
that European Metals will no longer fund Geomet expenses, thereby significantly reducing
costs. In addition, the Company has been appointed to provide management services to
Geomet and will be remunerated for doing so.
2. Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: No. Not required at this juncture.
Quarterly activities report, March 2020
1. Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: No. The Company has signed final agreement with CEZ Group regarding its
investment in Cinovec Project on 27 March 2020. CEZ has paid ~AUD 50 million into the
Czech subsidiary, Geomet to fund the Project. This will reduce the Company’s holding in
Geomet to 49%. On completion of the final agreement, the Company will cease to
consolidate Geomet’s results within the Company’s consolidated accounts. It also means
that European Metals will no longer fund Geomet expenses, thereby significantly reducing
costs. In addition, the Company has been appointed to provide management services to
Geomet and will be remunerated for doing so.
2. Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: No. Not required at this juncture.
Let me repeat that:
the Company has been appointed to provide management services to
Geomet and will be remunerated for doing so.
So what is the remuneration and why we are keeping gifting cheap money to sophisticated investors?
Weren't we supposed to receive something in return for our services, being appointed mangers of the project by CEZ? I am pretty sure it was mentioned in a previous RNS, of course as always no sum was revealed. We also never found out how much we are paying the Germans for their services to explore possible offtake agreements for us. Is that paid from Geomet or from EMH? Questions to be asked........instead of gifting cheap money to sophisticated investors.........
https://thedriven.io/2020/11/16/uk-and-europe-to-declare-war-on-new-petrol-and-diesel-car-sales/
I think we can call the share price at the moment fair. Not to forget that we have a long way to go before the first batch of lithium is extracted anf processed. DFS, environmental study, final mining permit, takeoffs, pilot plant, the process has to be proven on a large scale, building the plant......and let's not forget that we now hold only the 49 percent of the project. Current market sentiment about EMH is positive and it reflects the share price,but let's not get crazy here, all the above have to effectuate in order to talk 2-3 aud and upwards. At the best we have 3-4 years ahead of us before production starts. I've been holding almost four years, I can wait another four but let's get real.
Leftist, Fingersxd works for the Trump administration........... don't listen to the crazy numbers he comes up with in his dreams and the shift story. The DFS will have most probably the 27.500 output as a number with a possible increase to 50.000t in the future. Concentrate on that and don't listen to anyone claiming otherwise.
Emh ASX down 11.7 percent, at some point was down 17 percent down to 0.39. It looks like the pump and dump from last month from 0.41 to 0.54 and down to 0.39 is over. Doesn't surprise me at all, it's expected with no news justifying the moves up and down.
Dow futures down 500 points, looks like another day of carnage will follow in the USA and the rest of the markets will follow as usual. This may continue until after the elections. This time around I don't know where it will bottom but it doesn't look very good.....
Dow futures down 480 points, third day in a row going deep into red, ate we heading slowly into a mini crash again? All of Europe going in lockdown, the world economies can't lift up with covid causing havoc for a second time, back to normality looks very far away, thus is not doom and gloom,it is the reality. Projects like Cinovec may take longer than expected now. Just saying....
Apophis has more chances at 1 in 27.000 hitting the earth in 2068 than EMH producing 150.000 t per year and the share price reaching 50 aud or doubling as some suggest. Actually in 2068 I will be 100 years old so it doesn't really matter, lol