CTL 0.00% 0.9¢ cleantech lithium plc

Ann: New Magenta Mineral Resource and SPP Closing Date extension, page-19

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  1. 2,510 Posts.
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    Twiggy and Another Person have loaned money to this company at higher than credit card interest rates. [Understandable enough : it's a high risk loan]. Additionally, their loan is secured by the mine. It would be reasonable to assume that they, as secured lenders, would not be bothered at all whether the mine succeeds or fails.

    You, on the other hand, as shareholders, stand to lose everything if CTL goes insolvent.
    I think that is a point of difference between you and Mr Forrest. Only one of you is 'smart money'.
 
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