Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I was invested her back in 2014.
It was the same thing back then.
A lot of promise, a lot of share dilution, a lot of chat boards with self professed experts saying it'll moon when we get a deal.
They produced nothing and I lost thousands. Stay away from this share. They're snake oil merchants.
Https://www.tradingview.com/x/zwm0lIUE/
Technical breakout confirmed if we have two weekly closes above 85p.
Well done those with patience.
I agree we need a breakout to confirm bullishness, however my figure is around 83.
We get two weekly closes around 83 and i believe the downtrend that we have been in for 3 years, will be over.
https://www.tradingview.com/x/Ls75ZGof/
Here's hoping one of us is right.
I was an investor here back in 2015/2016.
There was huge optimism on VAL 201, with clinical trials news forthcoming.
The trial data came out and the stock pumped like crazy with 5x in mcap valuation in a few weeks.
After the board saw this. what followed was placing after placing after placing, and investors got slaughtered.
Developing drugs takes a long time and without revenue this company will simply rinse and repeat the above until either they get bought out, or the company runs out of road.
Just food for thought...
...that since they have not announced the mine closure for Inmaculada and Pallancata, that the permit should be forthcoming.
As a rule of thumb, Frank Giustra says that to be a $1B mining company you need to mine 1 million ounces of gold per year at current prices and a AISC of around $1000/oz.
If they can achieve 340 thousand ounces per year over the three projects, then the value of the company should be around $340 million by 2025-2027 by the time those mines become operational.
This assumes the gold price will remain at $2000/oz and not higher as is projected.
Results were bad, however this was during a year where Peru had civil unrest, a communist president, gold and silver prices around 30% lower than today, and uncertainty around the Immaculada permit.
Over the next three-six months, gold and silver should post some solid gains, Immaculada will be confirmed and the risk of this company will come down due to the diversification into Mara Rosa and first pour in 2024.
I think this share is undervalued as heck at these levels and the profitability of this company will improve, provided they get the permit.
...until they announce the permit.
This government is completely different from the one that caused the miners of Peru so many problems over the last 2 years.
I'd be very surprised if they let the uncertainty go on much longer.
Was that before or after the coup d'état?
Totally different scenario now than with the previous government.
They'll get approval.
It's just not announced yet.
More.
...once the permit is granted.
In a rising gold and silver environment.
https://www.tradingview.com/x/M2ffLVqO/
Another weekly close above the green line and the pain should be over.
The below chart shows HOC is close to a breakout from the bear market its been in for the last 1 & 1/2 years.
https://www.tradingview.com/x/wP79bLsi/
The political situation in Peru will calm down eventually and the government is ramping up investment into the economy. Hochschild are now more likely to receive permit approval as a result, due to the many jobs the mine creates.
https://www.ibtimes.co.uk/peru-invest-16-bn-reactivate-economy-1710781
I'm not happy with this investment either. But you can always sell up and be done with it and try and make those gains elsewhere. Or you can commit and wait for a reversal in sentiment.
The chaos in Peru should subside. The new government that has been formed is backed by the US. Therefore it's likely to hang around for a while. I would expect Hochschild's approval to be given while the silver price rallies next year.
That's a potent mix.
Well hopefully the election runs smoothly and they don't elect an even more extreme Marxist as president.
I'm not familiar with the politics of Peru but if she is willing to work with Congress, instead of saber rattling like Pedro, hopefully this is a better situation.
Who's the bigger fool, the fool or the fool who follows him?
I think the reason he was ousted was to get a more moderate government that would collaborate with the right wing congress.
The new president is already saying "I request a political truce to install a government of national unity" . Bodes well.
Expect Hochschild to have a much smoother sea to sail through going forward.