Australia's largest stock trading and investment forum Australia's #1 stock forum

CTL

0.00%

0.9¢ cleantech lithium plc

$2568 per Oz ASIC, page-11

First 11 Last

Share
Profile

Follow
aiken989

224 Posts.

13

13/02/18

17:40

Post #: 31028275
Share

Originally posted by JoeBlow ↑

I've done some homework

Dec 1/4 2017 produced 2,957 oz's

That make the total 2017 production 16,211 oz's .... not far off the 18,000 to 20,000 expected for 2018

Not sure about their AISC however if they are spending on drilling, developing etc then the money goes there. Thing is, after a cap raise, mill repair, increased mill feed etc you'd expect to get some positive news ..... but it seems too quiet. Or they could be too busy ..... afterall I suppose share price doesn't affect their day to day operations but certainly affects investor morale.

From their November 2017 investor presentation take notice of their CASH and WORKING CAPITAL .... seems they're right on the wire for cash until 2019 and working capital is around a MINUS $5million a quarter.

The irony is that it's nothing new from what's been going on there for a year or more but their share price peaked at 2 cents in 2017 and 3cents in 2016 .... here we are more advanced, more gear, more resources and under 1 cent.

The only two fears now I'd have is another cap raise or execution of that con note .... then you'll see this puppy get hammered down further. I know these miners aren't media men, not into twitter or Facebook, not into talking it up but it wouldn't hurt nor cost much to send news out, surely we should be back around 2 cents by now.

Is this the bottom? I'd say so, but some are worried I can tell, me included. Can they survive to 2019 off their own means? Hmmmm

View attachment 965884

Expand

I just think they are talking about financial year at so from 1st of July 2017 to the end of June 2018. So far this year we have only produced around 7000 ounces so should seen around 11000 ounces produced over the next to quarters.

CTL Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it