Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Rover, I do think we'll get that info in short order. I think the deal has just been secured more info will follow.
Other thing about trading (from somebody who does it) is it's sometimes more efficient not to do it in shares but do CFD etc but then you have carry costs and if so I just wouldn't understand why somebody would sit years underwater on a trade with ongoing cost. Part of the thing I like about shares is even if I have a 7 figure portfolio (I no longer do, but I once did) my regular fee was like a tenner a month. As I understanding keeping a cfd alive for years is like a real pain
Ok so your trade went wrong, I get that too. I'm not a trader (hence losing money because I held too long - so not necessarily disagreeing with you - I could have sold my Horizonte holding for 7 figures starting with a 2 at one point) but my understanding of traders is they exit when losing because they get the fact that you're unlikely to get it back fast and usually there are better opportunities elsewhere? So part of a traders mentality is trying to make more wins than losses and I totally understand that strategy even if I haven't practiced it myself. So in that context I don't understand why you wouldn't sell here, take x loss, try to make 2x on the next trade on something better.
But you're literally posting because you don't like him (I can't remember why and probably none of my business). If you were invested, and wanted your money out, you wouldn't talk him and the company down surely? Because that would mean you couldn't extract your £ invested imminently?
So I don't think you're invested, you got beef to grind with him, I get that, I got that too with JM at Horizonte because last August he said on time on schedule nothing to see here and 6 weeks later when away on business I'd lost £800k I could never get back. So I get why people don't like certain people, it happens.
I have a choice and I had a choice. If I had my time again would I have put into AIM? Of course not, and I put that on the HZM board, as a parting thought. Now my choice is to wait it out (here) and see what plays which is why I'm here. I have a choice today, to sell, I could sell my shares. I can't sell shares in GRL (because it's suspended) and I already sold them in HZM (because it's toast).
The thing I still don't get is why people hang around if a. they're invested and underwater and don't believe in mgt. Just sell surely and move on? b. not invested but like to offer others advice on boards i.e. the famous djryan approach it gets really tiring real quick because people love it when you go around boards telling everyone AIMs an itshow and steer well clear or c. really not sure why you post Amtech you obviously don't like the guy so do you stay invested/sell/buy more? Obviously the silver mine might get developed imminently then we're all screwed because that could take 3yrs+
>>GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
should have read auditor resigned. Always good when your auditor resigns it means things are going well usually.
Good or bad to be said about every company but here were my three great investments from around 3 years ago, similar weight, I actually have most by £ invested in ACP:
HZM - now worth 1% of what I paid, CEO went with 7 nearly 8 figures taken out, paid in 0, company about to disappear
GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
ACP - soft pedalled while Tanz gets its act together (note - Blackrock, for all their great RNS' still producing the same amount of graphite as ACP), company solvent, cash in bank, placing at 10% discount(ish) to fund another near term mine in decent jurisdiction, CEO puts in £100k of own money
Which do I prefer out of the three? Well I'm well down on all three but I know which of the three I might not lose my shirt on. Hence I supported this placing and remain invested. If people don't like it, don't but, or, you can always sell.
GLA
I don't know if this data is accurate so please don't invest your life's savings on the back of it but it does appear we are close to Lucky Friday:
Lucky Friday:
https://www.mindat.org/loc-15061.html
(nearest town Mullan 1.6km)
Canyon Silver:
https://www.mindat.org/loc-136378.html
(Mullan 6.6km)
Hopefully ACP releases a prospectus on the mine.
Don't know where it is but hopefully it's close to this one:
https://www.hecla.com/operations/lucky-friday-idaho
If it is, this could be our lucky Wednesday....
Think you got it the wrong way round. He put into the financing and didn't take out of the financing.
Jeremy Martin got paid a fee for arranging Horizonte's finance deal. Contributed nothing to the finance. Matt Bull contributes £100k here and increases his overall % in the company. Wow what a barsteward. Must really hate the new project :-)
I'm still reading the RNS hopefully we get some more technical data on where it is what it is etc.
16%. THere I agreed it for you.
I'm assuming 2 things:
1. 2022 accounts now published have been audited therefore this is not a blocker
2. the company wants to vote on the finance package and admit the new shares is approved, at the same time at relisting. Otherwise, it is in a chicken and egg scenario - it unsuspends, without a voted finance package which secures it as a going concern, shareprice goes to close to 0, equity funders don't fund. So better to vote on the finance package which rescues the company, rescue the company, then relist. If only Horizonte could have done the same thing.....
True, not easy to raise capital in this climate. But if you believe Blackrocks figures they have $150m+ raised (conditional on completing the deal of course, and it could be the last hurdles are hardest) so there is definitely appetite in these kinds of projects. They have the worlds largest non China graphite trader on board. Our capex is a lot less than Blackrocks and that's a good thing. GLA
Laurie (again off topic here, apologies) I too like Rover saw HZM as the banker and I had something like 40% of my total invested in it maybe later 50% as it was what I was adding the last year or so. What was interesting I was roundly critisized on the board by many when I pruned my position after the first financing round (I didn't like the deal). Which was odd because I wan't bigging the share up to sell, I was pretty neutral/not impressed with the deal.
The lesson learnt is there is no such thing as a nailed on investment and that's applicable to both AIM and main market investments. So diversifying sufficiently to not lose your shirt on one investment whilst retaining enough upside to make money when things go well (nobody invests in AIM stocks for 10% overall return - no point for the risk - lets face it where here for multiples). I was lucky, I still have other investments, and even until a month or so ago I didn't think HZM would go to 0.
The other thing is obviously not to fall in love with a stock, things can change that make a good investment into a less good one. You constantly have to analyse and determine what the exit point is. There's plenty of jaded investors here and I always wondered why they don't sell, they obviously don't need that money too badly. The minimum is always 0, so if you don't believe in mgt / the project its best to take the loss and move on. I am awaiting Blackrock developments here as I firmly believe they have to move first before we can get going then the clock starts ticking on this one.
To Rover's point there are positives here that HZM didn't have. JM took a near 8 figure remuneration from HZM in his tenure without contributing any of his own money to the company. MB here is very different here in this regard and has put in a lot of his own money to making this project. This is one of the reasons I stay invested. GLA
Thanks Laurie hope it comes good for you and you get lucky! My point there was really (sorry I know this is off topic here) in October even through to December/Jan I thought a deal could be done, capex looked doable from the information in the public domain. At that sp it felt like risk/reward was worth it then came the bombshell capex numbers and then I knew all bets were off but the holdings were worth the square root of by then. Then you move through the usual hope/depression/anger phases etc all well mapped out in the psychology textbooks then acceptance and you find peace with luck.
Anyway are you invested here? I am waiting patiently a few years now for developments :)
Just to offer closure because I think it will help (him), what was my loss. 6 but closer to 7 figures. I have free carry on other stocks from 50-60% sold but not doing so well. He'll come and hound me on those boards now but it's ok take responsibility for my own investment decisions. Would I do AIM again - of course not - but I'm guessing that's true of 99% of people who tried and failed. Is it rigged? Probably. It does suit the trader types who can see the ebbs and flows in sentiment, most junior companies fail of course. I guess many, me included, thought HZM was 'different' and ended up wrong. Matters not, sun is shining, off to plant potatoes. GLA and this time really farewell!
Really sorry guys and girls if my stalker is obsessing on the board I do feel sorry for you all, perhaps if I leave (which I am going to by the way because I'm no longer invested so there's not much to do here other than I could possibly berate others for not being smart like me and selling a couple of days ago - which is essentially what he is doing?) But that would imply I have no life so what's the point of staying on here when there's so much else to do in life.
I genuinely tried to learn on the board I took all views, never really understood why people came on here to warn of the perils of investing in the company my assumption was it was always because they might be short or want a lower entry, maybe that's a wrong assumption. The barman is here for something else, something eating him up inside, I can't place my finger on it but even after multiple departures and reincarnations he just can't give it up. I guess it's addictive. I've seen him post on other boards where he was previously invested (and I wasn't) generally telling everyone I told you so.I guess kicks can be had that way, not my style though.
So I bid you farewell, it has been a journey, some might say from 1.7p to £1.70 and back again, it went well for a while, I'm guessing many long termers took a hit whether now or months ago or through the placings. I don't think I was ever impolite or berated anyone, if I did, I apologies, I only offered my views and I didn't claim to know everything. Latterly it was obvious this became a lottery, I still question the motives of the main protagonists but I'll follow that in the news and digest in my own time, it matters not, my investment is no more. GLA and hope people can move on, publicans included....
Sasa I don't see his posts (unless he posts as some of the other aliases here). I find more peace that way :)
That's fine but you have 2 things wrong:
my first sell opportunity was at 20p. I was away on business for 3 days and the first considered time I could have sold my shares was the Thursday morning. At 80% down I made the decision to stick (wrong decision)
my point isn't that cornerstones might wait for admin - it happens - if it can't be funded. My point in my post is they commissioned a report which predicts a 3x CTC than the the report commissioned by previous management. There is a possibility this smells bad. That's my only point.
Anyway I leave you all in peace, having sold up. Good luck with your future investments. Probably the best time to sell was after the first financing deal was announced, thankfully, I did, around 50-60% of my then holding, and was roundly slated for it by many on this board. You can't win with people, you sell, 50% of people on the board think you're a ick, you don't sell, the other 50% think you're a ick. So I find it easier just to ignore other people - it was my decision and my decision only when I bought and when I sold and I'm comfortable with it. GLA
Incidentally I thought we might be ucked when the number hit $450-$600m. The question I am making in my post today, is, is that number valid. How can we verify it? It's a big number? Someone got something catastrophically wrong, the DFS, inflation, the 'it's still ok and we're on track', the 35%. All nonsense if you believe the CTC $600m is valid. So many entities getting so many numbers wrong so many times....... I get that there's risk in mining but the CTC is now around $1bn from $443m. Quite a hike!