Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thanks for that BoltaPhil. Very positive.
First sales in June - we could do with an update on progress since then.
Don't know why this is down so much - seems to me the drop is overcooked. Needs a bit more patience - little steps progressing towards the goal of getting in that mine.
Well let's see. First hurdle getting the debt sorted. Personally don't have much faith in the diamonds materialising but I may be totally wrong - still only in for a punt because of the negatives here. Hope this changes going forward. All the best.
Found the mention in a podcast 28th Feb this year with Justin Waite Vox Markets round about the 5:50 min mark. To be fair he does say a new agreement coming up end April and nothing about renegotiating anything but who knows - lol. He does mention access to funding too but I guess that didn't happen or I haven't seen anything subsequently about it.
Yes, I'm fairly sure they said they were renegotiating and I mention it in an April post I made. I'll see if I can find the source. I get your point though that it doesn't particularly give us any more info.
Advantages to re-listing:
- Appease existing shareholders
- Wider company exposure and investment
- Increased credibility.
Disadvantages:
- Regulatory compliance and associated costs
- Exposure to wider market variations
- Possible existing shareholder exit
I'm sure there are more.
Yeah - I'll write the prospectus for them if it gets this moving.
Should be a fairly straightforward process if they have the money raised. They need to get the prospectus sorted and the applications asap.
Major turning point for the company. No longer costing money to run BP - current trajectory towards profit. Only blip is the debt, but as someone already pointed out, in a much better position to get finance to cover it. Hopefully some finance coming from Tajakistan. GLA - it's been a long road.
This is great news bigbench. Makes things a bit more positive for relisting in the near future I guess. GLA.
I agree Bigbench if it doesn't happen by Q4 next year, I think it's safe to say it probably won't happen at all. It would be good to have some platform in the meantime to be able to sell the shares.