Member Info for ur_mum

Fair play for the locals wanting to preserve their areas of natural beauty. Good for them. For us I guess it's probably a good thing after all that we ended up buying all of those other licenses.

How do we know they have the cash? If they do have the cash then they really do need to explain why they haven't been paying their bills on time.

We do seem to have seen the bottom of the lithium price now. The price has been rising steadily for some time. This will be good for CTL if it ever gets in to production.

However, there seems to me to be a risk they could burn out of cash before making it in to production. I struggle to see any other explanation for being behind on the payments besides simply not having the money. The only way of getting the cash is either a loan (which will be difficult due to risk) or further dilution, almost certainly at an even lower share price. The risk of not getting the CEOL is compounded by the fact that demonstrating an ability to finance the project is also part of the criteria, just as holding a sufficient proportion of the mining licences is. How can you make the case that you fulfill that aspect of the criteria if you are already behind on your bills?

Why was the payment delayed at all? Doesn't suggest a good cash position does it.

MRE increase is nice to have but wasn't the argument surrounding the polygon based on the idea that these areas did not have significant lithium deposits and therefore should be excluded? Now the inclusion of these areas has led to a 17% increase in the total resource? There seems to be a disconnect here. Am I misinterpretting something?

Does it really matter? Everyone knows this thing hinges on the CEOL. There isn't much to be gained from gazing at the day to day movements of this stock.

The drinks must be flowing today!

Your ISA, WindInTheWillows?

Not sure many of us CTL investors can afford the train ticket.

Data room? What is a data room? Is it a room with lots of flat screen monitors with computer code streaming down them? Why are these Big Players in the Data Room and not just communicating via Whatsapp like normal people?

Also highly confused by both posts.

CTL have been weirdly quiet since their rejection for the CEOL fast track process. I'm not sure what news to expect here.

What was it that prompted you to buy today?

My impression is that they have the technical expertise and this side of things is on point but the business side of things has been pretty shambolic. The CEO is quite new and that a lot of what's happened so far wasn't under his watch. If I were to advise them in their messaging I would tell them to quit the optimism because it seems increasingly detached from reality and borderline delusional. Things are not hunky dory and there's no point pretending that they are. Just give it to us straight warts and all.

It's going to be very difficult to raise capital through share issuance now, so it would have to be a loan I think. Secured against what though? It's a high risk loan, surely. I don't know how these things work. Can they secure a loan contract conditional on the CEOL being issued? "We will give you this loan when you get the licence". Something they can show to the Chilean government to show that they can finance their operation. Does that sort of thing happen?

I hope we can put to bed this talk from some here of brown envelopes being passed and suchlike. It's disrespectful to the Chilean Government. There is nothing unfair or corrupt about this process and this is not why CTL have been denied access to the fast track.

This was not a surprise. Though I did raise an eyebrow at 'a uniform definition of financial capacity must be applied equally across all prioritised salars and cannot be changed'. What do they mean by this?

The Chilean Government must be contemplating this appeal very deeply indeed. I applaud their dilligence.

Uncertainty surrounding the CEOL is the main reason for the depressed share price. I'm not sure I would describe the appeal on the fast track application as a 'deal' and they will surely be competing with the big boys in a short term tender process so the perception of uncertainty is definitely justified. I have my questions regarding the apparent confidence prior to their fast track application. We're they really not aware of the shape of the polygon prior to submitting their application? I find this hard to believe and it affects my perception of any subsequent expressions of confidence.

Also just in case I sound like a doomer here. The uncertainty surrounding the CEOL is the main thing pinning the share price down at the moment. If the appeal is successful or we win the public tender (whatever that entails) then we are good and should see a substantial recovery. The PFS while delayed is likely to confirm what we already know and ASX, while delayed, wont affect the value of the proposition. There is nothing stopping Australians from investing in AIM listings if they want to and there's more than enough money in the UK sloshing around anyway. Should the uncertainty surrounding the CEOL be removed, those who have held their nerve here will be somewhat happy about their decision. Overall, it's a gamble that hinges on the granting of the CEOL. I wouldn't want anyone wondering what to do with their money to think anything otherwise.