Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I have an interest of 100,000 shares (small, I know - but i sold out 400000 recently). I have 2 comments to make about the RNS for whatever its worth:
1. The cash position is healthy and ironically this annoyed me as we did that ridiculous placing for peanuts- no need for it. I am sure we would be closer to 7-8p if we did not have it. If Brad was invested heavily, he would not have done it.
2. The delay (because it is a delay) was expected. In the interview he insinuated should be done by end April. Drilling in May. He did say that this could slip ...... so then why say should be done end of April. I appreciate that he is just "trying to be helpful" but he has told us too many porkies in the past. if he was ever sure about anything, he would have put his money where his mouth is.
The point here is that there is a rocky ride ahead. hold on to your hats. This will come good but nothing that comes out of Brad's mouth related to operations is worth anything. He might be an amazing geologist. i dont know. I sold out because i knew timelines would slip. My guess is that we will drill in July after signing end June. pure guess. GLA. great LTH who deserve the best.
I have reduced my holdings from 500,000 (which i have held for 6 years?) to 100,000 over the last few days. I cant take this anymore! i dont trust Brad.
Watch this rocket now!!!!!
GLA - I still think this will come out good. i am sure i will regret it.
I am sure within the 60 days we will know whether an agreement is likely to be concluded (worst cast scenario).
When you look at the resource and the willingness of the authorities to support, i think this is an amazing risk reward scenario. Nothing is ever guaranteed anywhere. this was 20p and had a mcap of £20million and we are much further down the line. GLA>
"Discussions have continued positively with LB Group in parallel with Sheffield, albeit more slowly than the Company would have liked. The Board considered it was in the best interests of all stakeholders to entertain an alternative offer of funding which could either be complementary to a transaction with LB Group or stand on its own. LB Group has therefore been offered co-exclusivity with Sheffield for 60 days to conclude a funding transaction with the Company substantially on the same terms as the Memorandum of Understanding announced on 9 May 2023 ("MoU")
Hi Impecunious,
I agree with "by extricating us from the jv on the best possible terms" - when he delivers on this - i am sure he will but not sure when this will be done. My issue is that his messaging (and appreciate covid and jv restrictions) around timelines have been so off the mark. I would suggest that he knew this and that is the v reason why he did not buy in. Even now he has just a placing on rubbish terms - why would he do that if he knows we are going to drill in May. Any fool knows that even on speculation, he could get a better price.
i will leave it that. I dont want to post anymore -Its not in my interest for this to stagnate. We have amazing LTH and i wish them all well. I believe the resource is massive and this will be huge. just a bit cautious - Brad needs to do much more to win me over. GLA
I agree with Bhargav - we are not being taken seriously. And to be fair - i am taking everything with a pinch of salt. I wont believe anything until things get signed - i have been here for 5 years plus, like many LTH.
if peeps think going from 2p to 4p is being taken seriously, then i am unsure they realise the potential here.
Once it gets signed we will be north of 9p. No one (very few) trust Brad and thats why we cant even penetrate 5p.
I have no idea what will happen next, could hit 3.5p or it could boom. but one thing is for sure - Brad has never delivered any news on time - That is a fact!
You have high net worth people and strategic investors willing to pay 5p. They don't pay premiums for no reason and they will have done their due diligence. They are not here for 10-20% - its not worth their time. undervalued. ++
under 5p is a safe bet. GLA
This has been the most exciting its been for quite some time. BUT in the back of my mind, i still dont trust Brad when he opens his mouth. Lots of broken promises - will he break it again? Absolutely appreciate that it was out of his control, blah blah. But then he has still not bought any shares (and yes i know sensitive info and all that and he is not as rich as we think), then he raised this year at a pitiful price and gave away warrants (and yes i know brad wanted the money in the bank - not sure what the urgency was). Do i trust that everything will be done by the end of the month? No way. Will we be drilling in May? doubt it.
i hope i am wrong. i think the market is also concerned and i dont expect there to be a massive rise until we get the confirmation RNS.
its going to be a bumpy ride. hold on
Been a long time since i posted. Still have my 500k - no trades in the last 5 years!
Holding tight.
Whatever i think of Brad matters not.
Pepas gets drilled - all will be revealed. The first drill was out of this world - in fact they had to get the samples checked twice because they were too good to be true.
Hold on to your hats and socks!