 Simon Thompson Article:
“ Light at the end of the tunnel for CleanTech
The lithium company has been making sound operational progress and a series of announcements could drive a re-rating
May 22, 2024
Shareholders in CleanTech Lithium (CTL:24.25p) have endured a rollercoaster ride in the past 12 months, but there is light at the end of the tunnel for the laggard in my 2023 Bargain Shares Portfolio.
The lithium company is making sound progress advancing its sustainable lithium projects in Chile, and a delayed listing on the Australian Stock Exchange (ASX) should happen this year. It will enable CleanTech to gain access to the deep pools of capital available for good projects in the resource-heavy Australian capital market and bring into focus the company’s modest valuation relative to lithium peers, many of whom are listed on the ASX.”
This is the conclusion:
“ Sound project economics
Importantly, Laguna Verde’s investment case still stacks up to warrant the capital cost of $400mn needed to bring it into production.
Estimated operating costs below $4,000 per tonne are in the lower quartile of lithium producers, and 70 per cent less than the depressed lithium carbonate spot price of $14,500 per tonne. Using a long-term price of $22,500 per tonne, and an annual production rate of 20,000 tonnes over 30 years, the project has an estimated post-tax net present value of $1.8bn (£1.4bn) and internal rate of return (IRR) of 45 per cent. CleanTech has a market capitalisation of £35.2mn.
Ultimately, if CleanTech’s management can get the funding to bring Laguna Verde into production, the share price will be many times the current level. So, ahead of what is likely to be an eventful year, I would continue to hold onto your shares. Hold.” |
RNS confirming further good progress:
“ First Batch of Concentrated Eluate Shipped for Processing
Further to the announcement of 14th May, CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company, advancing sustainable lithium projects in Chile for the clean energy transition, is pleased to announce that the initial batch of 24m3 of high quality concentrated eluate, has now left the Company's facilities and is in transit to a third-party processor, Conductive Energy, in the USA for conversion to battery-grade lithium carbonate.
The concentrated eluate was produced by the Company's DLE pilot plant in Chile. The shipment of this batch represents the first of several batches that will be processed into battery-grade lithium carbonate.
Steve Kesler, Executive Chairman and Interim CEO, of CleanTech Lithium PLC, said:
"The shipping of eluate for processing into battery grade lithium carbonate represents further good progress for the Company, as it advances towards commercial production. When the planned downstream processing is completed, samples of battery-grade lithium will be sent to potential off-takers and investors for analysis, which, along with the PFS planned for later in the year, will support the next phase of the Company's development".” |
Great interview Axonic 👍
Steve gives a good interview and always on top of the business.
We have plenty of upside to come that’s clear. |
Another excellent interview with Steve and Proactive earlier tonight. |
Muted response from market after what is game changing news.
What more could we have expected. Everything coming together perfectly. |
Excellent 😊 |
Oh so nice...
Steve Kesler, Executive Chairman, of CleanTech Lithium PLC, said:
"The analysis of the eluate shows the DLE performance has exceeded our expectations, concentrating the lithium grade of the feed brine by 3.6X while achieving high recovery rates and low impurities. The first full batch of 24m3 of concentrated eluate is scheduled to be shipped in the coming weeks. The pilot plant has met its design capacity capable of producing 1 tonne of LCE per month, positioning CleanTech Lithium to produce significant quantities of lithium product samples for potential strategic partners. We are edging closer to be one of the first DLE based companies in Chile to produce battery-grade lithium carbonate." |
Totally agree and said as much when he was appointed. I would not be surprised if DFD is involved in the search for a suitable CEO. He was after all instrumental in Steve's appointment. This pause,to me, is part and parcel of the share price starting it's move back to a fair valuation in a weak market. VBWMM |
We’re in good hands with Steve Kesler I have every confidence in his ability to take the company forwards and select the right CEO to take up the task later in the year. |
Treading water for the moment until we get the next lot of news confirming how the company is steadily moving forwards. |
I can’t see why the negative response to this morning’s RNS. Regardless of what those mobsters have done with the shares it doesn’t change the great progress being made by the company. |
RNS today, looks like he got scammed.They should rename to Wild West Capital Partners LLC, as they are a right bunch of cowboys. |
I'd say more of a warning not to buy cheap Chinese ebikes, chargers or even bike lights. |
SOS another plus I took from Steve's presentation was that Chile seems to be a good country to operate in with good infrastructure among the favourable points. |
I noticed that there was a small reversal in charting term, and the upward momentum was temporarily stalled. I took the opportunity of selling when the share price dropped by 0.5 p.
I will buy again in the near future. |
End of June,start of July pilot plant results🤞 |
He is isn't he SOS100. Steve comes across very well and I feel quite sure we have a high calibre man at helm at this time and I'm sure he will find the right man to hand over to at the appropriate time. |
Thanks for upload
Watched 20mins ...he's very clear and concise... |
Steve Kesler gives a very professional presentation, he undoubtedly has the experience and gives every indication he's on top of the business.
We are in good hands. |
Another excellent presentation by Steve Kesler |
Didn’t time that very well. |
Total agreement Axonic 👍
A few more for me today on this morning’s drop in the share price |
Flyhi1 and SOS100, I totally agree, this has a very long way to go. Much more news to come 👍 |
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