Looks and feels very much like a P&D. Go careful. Don’t punt more than you are prepared to lose. |
The ghost of PWhite marking my posts down. |
Positive news on the pilot plant will help sentiment. |
Similar DLE techniques are used in the oil and gas industry which is why Exxon has announced it is getting involved in producing lithium.
In my previous post I was perhaps a little hash regarding the share price but the comments on unnecessary dilution still stand. I follow Lithium Americas because I hold TRR which has a significant royalty on Lithium Americas Thacker Pass lithium project in Nevada. Thacker pass which is now under construction will be the largest lithium project in the US. It is considered strategic and General Motors are the largest shareholder. In the last year Lithium Americas has fallen 59% compared to CTL’s 66%,so not out of line with the sector. |
Might be worth copying and saving this post I have put together for future reference. DLE is in it's infancy but is going to gain traction, looking at another essential product might help to understand this...
For thousands of years salt was produced from brines...
In some places they even mined for it as the rock salt content was so pure, this went on, unchanged for thousands of years....
This is also essentially what SQM and Albamarle are doing now, on vast scales, to produced lithium out of the brines.
Then came a new method called solution mining, which is where the very table salt you are putting on your eggs has come from. It is interesting to see the links between salt and lithium. The solution mining extaction is working for that industry as it will eventually do so for lithium.
It is also worth noting that copper and other metals can be extracted using in-situ mining, look at TKO's Florence copper project as an example. |
 A good article for investors to read to understand the lithium market and why the current low lithium price is not relevant when valuing CTL at this time. CTL will not be producing lithium in large quantities for sometime. When CTL is in production the lithium price will be higher than it is now. CTL’s projections were not based on the very high lithium prices we saw 12 months ago. CTL are very much on track with the mining side of the project and it’s unfortunate that their lack of experience on the financial side has hit the share price. They should have been alert to Australian listing and fund raising taking longer than they thought causing them to have to raise funds when the lithium prices were very low. If they had raised in mid 2023 it would be a different story with less dilution.
The Directors need to get back on the road to bang the drum about the company’s excellent prospects in order to get the share price higher before raising money in Australia. We remain below the 22p price of the last raise and that needs to change quickly. |
Sent you a direct message. |
No, not on Telegram but I may join because a lot of these boards on ADVFN are dead. Not sure if this is due to dwindling numbers of posters on ADVFN?
Zero posts on THR, even though it's the only US focused uranium explorer....nothing On GMET, GSCU, CLA...the list goes on. Frustrating because I want to debate and discuss things with people. |
Good to see CTL Up 5.8% this morning. I hope news is on its way to start correcting the massively oversold position this share finds itself in. |
That’s some valuation count!
I’ve copied the link to the telegram chat group for discussion. Are you on there yet? |
Dismal , sentiment is toast , hopefully management pull a rabbit from a hat soon |
Makes our valuation look pitiful |
I said at the time that the placing was criminal. Not only did it shaft holders with the pathetic price, but it also killed sentiment and made the management look both incompetent and dishonest. Add into that the poor climate for lithium and there's very little holding this up now. The market cap is a disgrace and volume / interest is shocking. |
This is rear view mirror stuff now... Ultimately we need to see the strategy for 2024 in terms of a time line and when things will be delivered. The most important thing for CTL is the CEOL for drilling in production once they have this most of the other issues go away.
The share has been punished for the poor approach the management took towards the fund raise and in particular Mr Keslers words that "funding would not be an issue"....
One the CEOLS are obtained a raise on the ASX should not be a problem and strategic partners can also move forward. |
I fully accept the lithium price has halved and badly affected all lithium stocks. My point is they could have got the 22p fund raise away at a much higher price say 40p if they had done it 2 months earlier. They should have realised that the Australian listing would take way into this year much sooner than they did. I like the company and took up my shares and more at 22p thinking that would put a floor on the share price |
What are the director salaries? |
888.
The lithium price has halved since September. |
This drift down on low volume from what was a disgracefully low last placing price of 22p is getting very annoying. At the end of September this was at 60p. The Directors should have raised funds sooner rather than plough on with the raise in Australia. Very poor planning by the board and its advisors has trashed the share price which obviously was being affected by the fall in the lithium price. But as CTL aren’t producing lithium for some time the current price is not very relevant and they would still make good profits at the current Lithium price. The Directors need to pump out news and bang the drum to get the share price up before they raise funds in Australia. |
No one buying at this level |
https://x.com/ctlithium/status/1745461887524122771?s=12 |
One could equally say that AI could be deployed to the chemical DLE process to improve it. |
How much can they make? What is the cost? Is it easy to manufacture in vast quantities? How green is the production? Etc. So, so many questions.
What is brilliant though is just how fast these discoveries are being made, across every sector, due to AI and computing power. What would have take a few years to do, in say 2001, is now dons in months or weeks. Very exciting, expecially the medical applications. |
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