Scandium, Cobalt, and Water Purification: Clean Teq Holdings,Volume 2, 20182017 was a year of tremendous accomplishment for Clean Teq Holdings in every respect.
We saw remarkable achievements in mine construction, in finance, and in market development, with landmark contracts in every business segment;
We saw a complex business appear as if by magic, including business offices on four continents, and the launch of business website in the water division;
We were informed of superb existing and newly-formed strategic partnerships,
with the likes of Airbus, Peng-Xin Mining, Chinese state and power entities, Chinalco, and Multotec;
We were witness to a major off-take agreement with a leading battery manufacture;
We learned of an astute acquisition of a controlling interest in a VRB business by Mr. Friedland;
We learned of deep and valuable research and development support at prestigious universities and manufacturers;
and we became sure of unseen low-cost manufacturing contacts and alliances.
And oh-by-the-way, we got a listing on the TSX.
The company inspires confidence and optimism. Robert Friedland has a deep long-term strategy, and he knows what he is doing.
I am not sure what is more impressive: His strategic vision, or his managerial talent in executing it.
Clean Teq is a company that is worth following. It is by far my largest position.
There are a lot of companies with good concepts. But Clean Teq has a deep and brilliant strategic concept which is at the heart of major world trends; a revolutionary technology; and a management that executes flawlessly.
**
GOING FORWARD: SUITABLE TOPICS FOR THIS THREAD
1. CLEAN TEQ HOLDINGS, CLEAN TEQ WATER, and their interests, or related companies.
2. Miners and producers of COBALT, VANADIUM, SCANDIUM; also nickel, zinc, graphite, lithium, rare earths, silica, and manganese.
3. WATER PURIFICATION, especially when tied into mineral extraction therefrom.
4. “TECHNO MINERS” and other innovators in mining and material extraction
See notes below on thread and topic overlaps, which are unavoidable.
**
One year ago this week, I wrote an article on Clean Teq Holdings. It was a speculative company, but
one with a visionary and proven leader, dramatic potential in specific, attractive commodities,
innovative methods and IP for mineral extraction, and big ambitions in water purification.
Clean Teq Holdings defied easy categorization, and continues to do so.
One year later, Clean Teq has not disappointed. Clean Teq has exceeded all reasonable expectations.
**
If you need background on Clean Teq, I refer you to the predecessor of this thread: “Scandium, Cobalt,
and Water Purification: Clean Teq Holdings”, where you will also find the guidelines and rules for this
thread; and to the Clean Teq and Clean Teq Water websites, which warrant close examination.
OUR BIAS AND BASIC VIEW
This thread is for those who believe in the coming EV wave, light weighting of transport, and most importantly,
in the importance of energy storage and batteries of all scales;
and also, it is for those who believe that the disruptions caused thereby will be rapid.
Because of this opinion, it follows that the existing viable battery technologies and the materials needed
for them are important. We anticipate rapid change; we subscribe to the Tony Seba “Disruption Scenario”,
that suggests disruptiv changes are occuring faster.
If you disagree with the Disruption Scenario, or the eventual proliferation of EVs,
that is fine; but please do not debate it on this thread. The thread is for those who believe in the future of battery power,
and in the immediate opporunities in commodities related to batteries and energy storage.
We will be able to see in shortly whether we are right or wrong in this belief.
If it takes longer than we think, we will complain about ”being early.”
My perspective is for the next five years. That is “long term”. This is not a trading thread.
Occasionally short-term opportunities are appropriate to call out,
but short-term trading is not the emphasis here.
On the other hand should restrain ourselves from too much attention
to developments and materials for technologies that are likely to take longer than five years to have an impact.
We are looking for investable ideas, not 10 year forecasts on the Future of Civilization.
So let’s keep it down on hydrogen fuel cells and molten salt batteries for a couple of months.
**
NOTES ON THREAD AND TOPIC OVERLAPS
Our assumption is that Li-NCM, VRB’s, and zinc batteries are going to be the main battery formats purchased,
installed or contracted for in the near-term, hence the commodities needed for them are of interest.
New battery technologies are better discussed on the #batteries thread ,
unless they involve a vertical commodity/battery producer.
We are interested in what is going to have an impact in five years.
For example, if you are convinced that Google is about to conquer the world with a molten salt battery,
then come on over here and recommend Morton Salt as a buy-out candidate.
But debate whether molten salt batteries have a future, and when, on the #batteries thread.
News that shows increasing penetration on solar are relevant,
as they confirm the importance of large-scale energy storage.
But we would like to know who is getting the contracts and what type of battery they are using.
There is going to be some unavoidable overlap. Nickel and manganese sources are swing metals,
sometimes they may be better discussed on the Hard Asset thread as base metals.
If you make a post on the wrong thread, don’t worry too much, there are
no fines or jail time. I do it myself all the time and I understand it can be confusing.
You can also use Travis’ new cross-reference gizmo.
Long $CTEQF $CLQ Clean Teq Holdings
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
$CTEQF $CLQ Macquairie Investor presentation…Oh my god.
You have to take your time to go through this.
Loads of confirmations, great details, and clues in plain sight.
1. They already have “indicative commitments” banks for half a billion dollars !
2. They expect term sheet financing commitments BEFORE THE FID !!
3. Off-take parties are swarming around them like a pack of dogs around a meat truck. There is probably more than a dozen…at least three “integrated trading houses (three continent mentioned). Cathode makers…Plural. Battery makers… plural. Major automotive companies….Plural. What a poker table…RF is not even a player, he is the House !
4. Nickel and cobalt production…UP. Scandium…still under wraps, not even needed for the BFS. It is mentioned as “upside”.
5. MORE THAN ONE party interested in an equity stake in a battery plant.
EASPRING NEGOTIATIONS STILL ONGOING. Let me tell you what this means:
They already have a deal with Easpring, and are waiting for additional partners and the right time to announce it.
It doesn’t take RF a year of continuing negotiations with a battery company to make a deal.
6. There are logos from an army of Chinese car makers. Nine of them. Holy Sh&t
7. All the economics are re-confirmed. If cobalt stays up they are going to have negative nickel costs.
8. You know how I have quipped that CLQ is a TECHNOLOGY COMPANY !?
Well, here is what they have as a headline on their introduction:
“TECHNOLOGY IS OUR CORE CAPABILITY”
9. The want off-takes before the FID ! Everything will be wrapped up this year !
10. Insiders/Fidelity/Australian Super = 40%. Think they want to be diluted ?
I am no longer worried about dilution. They have $170 million, they already have $500 mil in commitments BEFORE the BFS, and they will get equity cash in for a battery JV or long term off take. They might need another couple hundred mil in debt. PIECE OF CAKE.
It’s hard to be more bullish than I was yesterday. But I am.
$CTEQF (long) News out today on Clean Teq. In the announcement, I found this:
“In addition to offtake, several parties have expressed interest in project-level investment. These discussions also continue to progress well and the Company will update the market when appropriate.”
While it is good news in some ways, I hope that does not mean more dilution unless they get a really good deal!
Otherwise, announcement was very positive. DFS on schedule for June.
Niiz, we will know soon but I think they will raise about a billion dollars without further dilution; or, if there is dilution, it will go to an equity partner like Easpring, who will hold the shares and not sell on the open market.
$FLC:ASX lp small
Won water contract in Beijing.
https://hotcopper.com.au/threads/ann-fluence-wins-first-contract-in-beijing.4170739/?source=email#.WusZ_6QvyM8
I first came upon FLC when researching Fluence, the company started and co-owned by AES and Siemens, (which is not listed…..yet.) Intrigued by what I found, I decided to buy a small position to assist me in following their clean water plays around the world. This is where diversification of companies and products helps expand my knowledge of differing systems.
How did you buy Fluence ? $FLC an the ASX ?
$EMFGF np – Fluence up 10% on 20K shares.
Very illiquid; first trade since 3/16/18. Nne trades in last 3 months
Chart suckz, DD required. Thanks for bringing this to our attention SecretSquirrel and Edski #Best2ALL!.
$FLC
Which is why I went with buying direct in ASX. Some of the OTC listings go to sleep for months….not good when you need to sell.
Also, of course, IRS rulings of non participation of foreign companies in IRA’s
Yes…..Thru my Fidelity account. Placed the order and went to bed. If I was smart and intelligent I would have been up to see what was going on, but life happens.
Got in at .49 $AU and $.40 US I have high hopes for the company and like what it is doing globally.
But then again, my family never did have the good fortune of picking winners, and yet here I am!
Ha. That’s like the bumpersticker:
“Never laugh at your wife’s choices. You are one of them!”
“I started out with nothing and I still have most of it”
“The easiest way to make a small fortune is to start with a big one.”
$CTEQF – Clean TeQ Sunrise Project Update & Corporate Presentation
http://clients3.weblink.com.au/pdf/CLQ/01978222.pdf
This release is for the Sunrise Project, but it appears that there is material in this update that is also in the CLQ update. In any case it looks like Clean TEQ is stepping up their ‘Investors Relations’. I think this bodes well for where CLQ is at with RFs’ guidance..
$CTEQF long and going longer soon.
$CTEQF $CLQ capital for the mine…after reading through the Sunrise project update, I am more persuaded than ever (if such a thing is possible) that the financing for Sunrise will go off without a hitch, and further that there will be dramatic announcements in the second half, after an opening salvo of dramatic and positive announcements around mid-year.
Since project finance is the main unanswered question and the main item of interest at this point, I will focus on that.
There is major material in the update that bears on this issue…the four top banks, lined up since November 2017 with “indicative commitments” of $150 mil each; the confirmed economics of the project, that still exclude scandium and sulfate premia; the increased nameplate capacity; and so on and so forth.
However, one detail stands out. Let us remember the context of previously announcements, and the parties involved…Pengxin, Chinalco, Easpring, SIDRI/Three Gorges, Hubei; and via Ivanhoe Capital, CITIC, CMC, and SASAC.
These are all high-level parastatal entities…the Chinese establishment.
And who, pray tell, do we find among the four Mandatory Lead Arrangers, in place since November ?
We find, in the alphabet soup, one particular bank: ICBC. International Commerce Bank of China. Founded by the Chinese state. One of four state banks. Per Professor Wiki, the largest bank in the world by assets.
How much more do you need to know, to reassure you that CLQ will get whatever it needs to build Sunrise, whether the capex is $900 million, or $1.1 billion, or $1.5 billion ?
Excellent observations hn, really all we have to do is be patient (the Chinese being masters of this) and enjoy the ride as it all unfolds in the hand’s of RF.
The only real question to ask one’s self is “Do I now hold enough”….?
Squirrel…I am not sure it is possible to hold enough. You can never have enough of a stock that goes up.
Of course if it goes down, then we automatically hold too much.
Well that’s stating the obvious, that said we never discuss actuals here. I hold hundreds of thousands (and am happy of sorts) with that. However only see this going one way… Up.
Funny how I recall my last bid of 50k which I ended up with a 4k fill. I like my varied picks mostly, but sure are a number I’d swop for CLQ ASAP.
Hn’s astute diagnosis is hard to fault. To walk in RF’s shoes comes to mind. Now true visionaries do not react to day to day prices as they irrelevant.
Going to be a very interesting 6 months!
Squirrel… I’d like to be in your shoes on position size.
You got a good stash of nuts for the winter.
I have progressively increased, currently trying to reconcile just how much capital I would be comfortable
putting into this.
The “unanswered questions” are dwindling: I am no longer concerned with the cap raise, even though I believe the capex will be very high.
Operational problems related to Clean iX persist in not arising.
Plausible reasons, even likely ones, for delays in off-takes,
JVs, etc. Everything seems to be pointing towards an overall plan that is being executed superbly.
I was thinking about the innovation at Sunrise. Innovators are always met with doubt and skepticsm.
But most of human progress is made by people doing things that other people said could not be done.
I have a hunch that CLQ will be a major disruption to the mining business. A lot of technology is converging at CLQ…ionic extraction, mine automation, multi-mineral
operations, speed, low costs.
NICKEL Looking at C1 costs of major nickel mines. CLQ’s costs are going to send shockwaves.
COBALT faster, better cheaper.
Both ni and co made direct to sulfates.
SCANDIUM…who knew. CLQ will leave everybody
in the dust.
VANADIUM…coming up.
And it is already proven in gold, uranium, and titanium.
Seems like whatever target they want to pick, they can go after it.
Squirrel…the woofer has been unustly muzzled again.
Thanks for your support !
My pleasure Sir!
Been thinking that some “over there” don’t like the truth, especially when there is clear price manipulation by the big boys to scoop up the recent cheap shares.
Now I’m not saying the big boys own “over there”, but when there’s so much money at stake rules become very thin on the ground.
All IMO only….
I was amazed at the level of concern over robot trading and shorts in OZ, but there seems to be something to it. Guys show trade histories with one share trading hands. Who trades one share of a $1 stock ?
The Australian market is relatively small, many of the companies are microcaps, and the rules seem lax. Good reason for the TSX listing, and thank goodness CLQ has over 40% of its float in strong hands.
$CTEQF $CLQ
hendrixnuzzles, your enthusiasm is infectious and I am OW, despite Fidelity’s $55 fee every time I add. Keep up the good sleuthing work. Very much appreciated. To your health and wealth my friend!
eemajin…look at the clues, see them first hand yourself, and draw your own conclusions.
Don’t take my word for it. I make plenty of mistakes and have had my share of duds and busts. But all my observations are from public sources.
I just look for clues and connections.
…eemajin…and thanks !
CTEQF–Very Long…Seeking Alpha today… A Slideshow from an Macquarie Australia Conference….. https://seekingalpha.com/article/4170016-clean-teq-holdings-cteqf-presents-macquarie-australia-conference-slideshow …Cowboy
The Macquarie report does not take water, scandium, or vanadium into account…as typical the look only at the nickel and cobalt.
Cowards. A prediction of $1.80 Australian. Wow. Really sticking their necks out !
The analysts cannot look foolish and have to make it sound like they know what they are talking about. So they add a lot of tables and figures with guesses down to a decimal point, and give a careful “conservative” estimate so they don’t get laughed at.
I think $3.00 within 12 months will be closer than $1.80.
GMP is already calling for over $2.00. (Australian $$)
https://twitter.com/gmpsecurities/status/991686698307375106
Ivanhoe Capital https://www.ivanhoecapital.com/
This is the corporate brain of Robert Friedland. Gives the high altitude view, and all the subsiduary companies under Friedland…I-pulse, HPX, CLQ, Ivanhoe Mines, etc etc.
We cannot invest in Ivanhoe Capital…just various subsidiaries,related ventures, and associated companies.
There was also a good video on RF, the man. I noticed something odd in it:
Norman Keevil of TECK gave quite a few comments on the video.
Remember how I surmised from the failed Teck bid on Voisey’s Bay, that TECK was taking a leaf from RF’s book on techno-miners, and how the Teck-CLQ targets seemed to be distinctly separate ?
The Ivanhoe Capital video confirms that Keevil has paid close attention to RF and his strategies, and is adopting them to the specific capabilities and resources of TECK.
Norman Keevil pays attention to RF.
“TECHNOLOGY IS OUR CORE CAPABILITY”…from Macquairie presentation.
I hope they get tech multiples !
Here are the Elon Musk comments that sent a shiver through cobalt producers
The cobalt content of our Nickel-Cobalt-Aluminum cathode chemistry is already lower than next-generation cathodes that will be made by other cell producers with a Nickel-Manganese-Cobalt ratio of 8:1:1.
Elon Musk: Yeah, we think we can get the cobalt to almost nothing.
https://www.businessinsider.com.au/here-are-the-elon-musk-comments-that-sent-a-shiver-through-cobalt-producers-2018-5.
Musk’s predictions for Tesla production numbers have never been even close. I’m not sure how accurate his cobalt use numbers will be.
Pertinent information regarding nickel and batteries
https://www.reuters.com/article/us-nickel-evs-ahome/why-electric-vehicles-could-fracture-the-nickel-market-home-idUSKCN1GK2EP
edski, IMO that’s a very very IMPORTANT article, edski.
Not all nickel is created equal. Glad CLQ is producing nickel sulfate !
Smelling a Rat in the Congolese Cobalt Issue
Something is wrong about the Congolese mining crisis. Let’s start by looking at big issues.
A.The child labor in cobalt production in the DRC.
B.No rule of law and ineffective government. Kleptomanics, bribery takers, and extortionists and incompetents in the DRC government and its agencies.
C.A chaotic social and political situation.
These real issues are real enough and bad enough.
But something else is going on. Progress on a hidden agenda is being advanced.
We can only see the rough outline, but the agenda is making headway because of the real problems; and real issues are being distorted and presented for maximum advantage…to whom ? Cui Bono ?
A. CHILD LABOR IN COBALT I have compassion for all human beings who are suffering, especially innocent children.
But artisianal mining in DRC is not a new phenomenon. Why is it suddenly a major issue, just when demand for the product being produced is taking off like a rocket ? Where was CNN 1o years ago ? Or 20 ?
The poor children in DRC tare not being highlighted because they are being enslaved, raped, abducted, or killed…though that might be happening also. They are being held up as objects of pity because of the conditions and wages. Why now ?
Furthermore, how is a boycott of DRC artisianal cobalt going to help these people ? The answer is, IT DOES NOT HELP THEM AT ALL. In fact it hurts them.
If DRC cobalt is shunned, the men, women and children mining it no longer have a way to make a living.
So great. Cobalt prices go up, Glencore stock gets trashed, and the mom-pop-and-kid miners can starve. And Western liberals and do-gooders feel good about themselves.
B.INEFFECTIVE GOVERNMENT AND NO RULE OF LAW…Here is your real problem, folks.
Isn’t the child labor issue one that should be regulated, controlled, and enforced a government ?
Isn’t it obvious that the DRC gets enough in royalties and other payments, that they could ameliorate this issue ?
It is not the business of any foreign miner to rule the DRC or make its laws. They operate in the environment and do the best they can.
But of course, the artisianals compete with the big miners, and further the mom-and-pops cannot be taxed effectively. So the big miners have an issue, and the kleptocrats don’t like it either because it is harder to steal from thousands of artisiana miners than it is from a big visible miner like Glencore.
So as usual, the little guy gets screwed.
And the bleeding heart yuppies will drive around in their Teslas and BMWs, smug and satisfied that they helped the poor in the DRC by buying their fancy car with its “Child labor free”: battery label.
Oh yeah. You sure helped those poor kids in the DRC by buying your Tesla with Aussie cobalt in the battery.
C. Chaotic social and political situation in DRC…see #1 and #2 above. Add in hatred and murder, and lots of people running around with AK 47s.
WHAT ELSE IS GOING ON ?
Well, I see public stocks with exposure in DRC getting absolutely punished on valuations. I see Western investment capital fleeing DRC and current mining interests there being extorted and cheated and harassed.
I see the potential for a two-tiered cobalt market, high-priced “ethical” cobalt, and “dirty” unvetted cobalt.
I see CNN and media articles beating the drums for the Impending Cobalt Shortage and The New Humanitarian Crisis in DRC.
What I do not see is any reference to Chinese stocks going down, nor do I see any evidence that Chinese investment in DRC
Is being materially affected.
CUI BONO ?
The situation is creating a bargain for those who want to acquire rich mineral assets in DRC. The Westerners are jumping ship, while the Chinese move in at cheap prices.
And do you believe that no cobalt is going to get out of the DRC ?
Don’t you think there will be a lot of demand in places where the customers
DO NOT CARE where their cobalt came from ?
Who is going to supply that “dirty” cobalt, and where is it going to go ?
SEEING THE OUTLINE AND CONNECTING THE DOTS
The fear and misdirected humanitarianism of the Western public is creating a financial vacuum in DRC that will be filled by those with enough foresight and long-range thinking to take advantage of it. It is not a humanitarian viewpoint, it is a long-range viewpoint that takes advantage of existing conditions and hysteria.
To reach a conclusion, I find myself entering controversial political topics.
So I will do so as briefly as possible.
The players who stand to gain are those in the DRC , and any parties who will benefit from the resulting situation as reflected in the prices and sources for the commodity, and those who at the end have acquired DRC assets cheaply.
This points to the Chinese and multi-national corporations, here aided and abetted by the corrupt and liberal media such as CNN and NBC, are accomplices to this particular operation, which seems to be driving Western mining capital out of DRC in a hurry and creating a public desire to do good. The public actions actually do harm, and further the interests of people other than the artisianal laborers in the DRC.
As a private investor, my suspicions on this issue do not do very much to change my near-term decisions, other than to maintain an awareness that the cobalt supply situation has been created by artificial POLITICAL and SOCIAL factors, that can
change suddenly, and that an “embargo” on DRC cobalt will be leaky.
Long Ivanhoe Mines. Long Clean Teq.
http://money.cnn.com/2018/05/02/investing/daimler-cobalt-supply-chain/index.html
I do not trust the motives, objectivity, or reported facts from CNN and a large number of other media companies.
The first time CNN has not brought up Stormy in an article and you see no objectivity?
They hide the news and distract people from it.
They are worse than Pravda, because at least you knew who was behind it.
I agree but only 105%. LOL
The truth is that in most of the world the whole family works for survival,,, including young children. Just like they did in US 100 years ago.
CNN could make a good case now that our nations farms are exploiting child labor even though all in the family enjoy their lifestyle and the chance to learn the family business to continue in it.
Cobalt mining has kids sitting in muddy water feeling for mineral nodules. They love playing in the mud. Just like I did. And still do on occasion.
The Congolese government, the Chinese, and the big miners do not care about these people; and the boycott of DRC cobalt does not help them.
It is an awful situation but I do not see what a normal person can do about it. How is refusing to buy the fruits of their labor going to help them ?
The more things change, the more they stay the same. An old saying that still holds truth today.
Clearly, artisianal miners do not run the DRC economy. Their mining most likely only greases the local authority’s palms. Our own country has made billionaires out of situations like this during it’s lifetime, and nothing will ever change in the grand scheme of things.
Local peoples will do what they can and must, and like arch1* mentioned, little kids sitting in a mud pile searching for ore is a normal occurrence in countries like this. LIKE THIS….not in America, unless you go to the foothills of the Blue Ridge mountains or in West Virginia Coal country. Of course, I am generally speaking since little areas of squalor appear all over the USA.
I agree that most Americans think that they have somehow helped the current ‘en vogue’ situation by boycotting something or buying into the latest ‘cool’ thing. We see how that has helped by using the same thinking regarding our elections over the past 30 years.
No one can tell me that someone isn’t making money already and will in the future thru Cobalt. Money is greater than God, after all, and sadly people respect money more than their fellow human beings. Once again, before I upset someone, I am speaking generally. But the power held today here on earth is in the hands of the rich. Not rich in social and humanitarian deeds, but accumulated wealth.
We really need to follow the money. See if it can really be done to see where that Cobalt is leaving the country and where is it going. Maybe even being stored in the Congo for now.
My rant, and I’m sticking with it.
edski the meer things change is quote from Albert Camus a philosopher of the last century.
What some decry in feel good virtue signaling is the only means of eating for the day.
Give a man a fish feed him for a day
Teach hie-m to fish,,,, he still starves if there are no fish to be caught.
We are, you might say, “brainwashed” into thinking that money is the source of happiness while what we really need to know is that inner peace is something that comes from within. https://twitter.com/DalaiLama/status/994872381679308800
#CNN & Report on Cobalt mining in the DRC
Thanks for posting, rubberworm.
Here are some other articles of interest:
https://www.bloomberg.com/news/features/2018-03-28/never-mind-the-mines-in-congo-there-s-cobalt-under-the-house
http://www.worldbank.org/en/news/feature/2015/08/13/mobility-and-transparent-artisanal-mining-in-the-democratic-republic-of-congo
https://www.reuters.com/article/artisanal-mining-ahome/column-for-cobalt-buyers-is-artisanal-mining-the-problem-or-the-solution-andy-home-idUSL8N1QC64O
It’s an interesting situation. And I just don’t trust the Chinese.
Penny
Yup never trust the Chinese or us round eyes are in serious trouble… Maybe they are in league with the DRC government regards cobalt?
Just watching Forest Gump btw. Great film on many levels ha ha….
One big part I don’t trust about Chinese industries is that the government has a great deal of influence with these companies.
It also concerns me that if CleanTeq has some sort of alliance with a Chinese company, then that company with usurp the technology and leave CleanTeq out in the cold.
Penny
Dunnydane…Friedland has a business alliance with the Chinese State. He has cut Chinese companies in for a big share of the Chinese profits, so they are backing him and he is vetted. He is in.
The ties are very high level, starting with Ivanhoe Capital
and SASAC, CITIC, MCM. They let him control 80% of Pu Neng, China’s leading VRB plant.
At the company CLQ and Ivanhoe Mines, the ties are also with corporate state proxies…ICNC, CHINALCO, Zijin. These are parastatal companies, founded by the state.
Pengxin is also clearly a pillar of the Chinese establishment.
$PTNUF $PGM…Platina Resources…No position
max pessimism in the land Down Under
The Australian shareholders of Platina have either sold out, in despair,
or hopping mad.
Lots of talk about a shareholder revolt. The stock has gone straight down since Robert Mosig departed, and they have not appointed a new CEO.
The cap of the company is below $25 million now. Hard to see a lot of downside,
I may re-enter with a small position and wait to see if a White Knight appears.
I made about 50% on my Platina shares in 5 months. Its below what I paid for them now, but on PTNUF, I’d consider it at 4-4.5 cents. I wait for the super sales, which is why I consistently make money on these loser spec miner stocks, timing is everything, both buy and sell. If it never hits my price, and it takes off and I miss it, who cares, there are always other opportunities that can be timed better.
renby…same here. The spec cobalt guys are all down and the market caps are pathetic. The rawest projects and those farthest from production are just getting hammered.
$FLC:AU
Monthly newsletter:
https://www.fluencecorp.com/may-2018-newsletter/?goal=0_e4ba99ded1-7ce30a1771-117679861
#tolga_kumova
“Over the last ten years I have had countless people knock me when things didn’t go exactly to plan. It’s easy to sit in a chair and throw punches from anonymity.
I didnt spend my time dwelling on their comments insisting I couldn’t achieve. If i did I would have been wasting my time and energy on them. Instead I focussed on doing what they were telling me I couldn’t .
Then when I actually achieved what they said I couldn’t their only comments was he got lucky.
Building the world’s largest graphite mine was clearly just luck. Raising $500m from the largest investors on the globe was just luck. Working with a team who is just about to bring into production the world’s 5th largest zinc mine is just luck. All of my other investments are ‘doing’ what they need to get ‘LUCKY’ as it has been put.
The secret to my success isn’t a secret. It’s all about finding solutions to problems. This is simply a function of perseverance and the talent of people around you. I trust the people I work with to get ‘lucky’ through perseverance and talent.”
I like him, even though he is not as visible or accomplished as RF.
And not as controversial and potentially disastrous as Elon.
Exploration and project development is a lot simpler conceptually than buiding a car company or an outer space exploration company.
And his comment is true. Most human progress has been made by controversial innovators who do things a lot of other people said couldn’t be done.
If you never fail, you aren’t trying hard enough and your goals are too easy to achieve.
HN how true, Tolga is a great example of never losing confidence in yourself, and as you. said, willing to back yourself.
Two of his companies will be under the microscope in the near future.
Over the next seven months EUC ASX, needs to prove resources and grades to economic levels, to go into production.
Tolga is very confident that EUC will be viable, and profitable.
With his other company NCZ ASX – zinc – it will commence production shortly, in Australia.
Cobalt stock prices…something doesn’t add up. The DRC miners are getting crushed but the Aussie specs are hammered too. Something wrong
A few words from Elon Musk go a long way. He says “we’ll use less cobalt,” cobalt speculations go down.
Musk said the next generation will be …” Nickel-Manganese-Cobalt ratio of 8:1:1.” That will come to be as the price of Cobalt goes off the charts. That IMO is why CLQ is pushing as hard as they can to get into production now. The next generation will start only because Colbalt is going to fly off the charts. Guess what is going to happen once the new mix to make the pie is 8 1 1. Nickel #8 will take off. CLQ is selling that also. CLQ is going to do great. Why is RF looking at Sama “Nickel” He is thinking years ahead. Hope Sama comes on line in time for the Nickel pop.
Sama Resources also owns 40% of SRG…super high grade graphite. Check it out.
Long SAMA RESOURCES.
CLQ…Aussie coverage
Four Australian brokers have started coverage on CLQ…Canaccord, GMP, Maquarie, and BMO.
CLQ investment awareness…sea change underway.
Four Aussie brokerages, and now Deutsche Bank is covering.
Well this is my question. I am not a conspiracy theory kind of guy, but I don’t know what to make of these facts. Clean Teq stock price has taken a severe extended retracement, and all this time, nickel and cobalt have been mostly going up in price. Now, all of a sudden, 4 aussie brokerages and Deutch bank all start coverage at the same time, with 80-100% upside price targets? Does this seem fishy to anyone else? Is all the big money conspiring together to manipulate the stock price, or is there some other explanation for these facts.
On the upside, it seems predictable from this pattern that the stock price just hit a reversal, and should start an extended push upwards.
Lets just say big money institutions run bot programs designed to drive the stock price down during periods they are trying to accumulate. If these institutions would make huge purchases on the open market, it would drive the stock price up. So how great if they can accumulate while driving the price down, setting off stop orders, and freeing up shares at low prices. And perhaps, even shorting the stock at the same time. Until they drive the price down to some critical level, or just decide they have finished accumulating, and the next thing you know, they all come out with reports with buy ratings and big price targets. Is the corruption now this coordinated? I’m just asking the question.
I never believe in coincidences, this is pure manipulation for sure. I’ve ignored the recent drop, had no effect on me emotionally or otherwise. I feel sorry for those who either got caught on the way down by stop losses or got out by ignoring the true fundementials.
Long CLQ.
squirrel, I’m with you, the price drop had zero effect on me. I’m in for the long haul, and as long as the story holds, I just plan on enjoying the ride.
I did not like the sell off…But enjoyed buying more shares on the cheap. Was never going to add at this point in time. But dang it got to sweet.At this point in time it is still a hair under the PP SP on Aussie market. It has been going up. Was glad to get shares under the PP price. Stocks most of the time drop to the PP price. CLQ went way under. What a gift. I don’t feel sorry to those who sold me these shares however. Nothing is a giving but my DD has CLQ going into production ASAP. And making a nice profit.
rubberworm, I could not agree more that it was a true gift for those of us who wanted to start or add to their $CTEQF position. While most of us on this thread (and some on Hot Copper) are very familiar with what Clean Teq is and has to offer, I remind myself that there not that many people who are really familiar with Clean Teq. With the recent addition of broker coverage, I think that is going to change!
Renbycage: All sounds perfectly feasible (especially snaffling up stop loss orders….weve seen it soooo often with bio pinks). Only fly in the ointment is there are no options available for CLQ, so they would have to sell held stock at face value, which is a big timing risk. Still it certainly can be done by those that have big money to afford the risk. I guess weve all sold stocks with the aim of buying back lower.
$CLQ lp
Jeepers! Who’d a thunk it!?!?!?
I totally agree with you, and see a slow rise in a month or so and then we’re off to the next level.
Nothing would surprise me. Those ridiculing “conspiracy theories” in finance and politics are misguided. DB has been convicted of malfeasance many times, as have HSBC and other banks.
There is plenty of criminality at all levels, and greed is a major factor.
$CLQ board and manaagement
The was a small insider buy this week by Stephanie Loader.
She is a director. Interesting.
Check out this manager that was hired for Sunrise earlier this year.
http://www.cleanteq.com/our-team/stephen-grocott/
You might feel a little more comfy after reading the bios of the Board and senior
management.
China connections
from Ivanhoe Capital Corp, old news we didn’t notice because Ivanhoe Capital is private, upstream from IVN and CLQ:
China Minmetals General Manager Guo Wenqing meets with Robert Friedland, Founder and Chairman of Ivanhoe Capital Corporation – Minmetals, March 28, 2018
SASAC Chair Xiao Yaqing meets with Robert Friedland, Founder and Chairman of Ivanhoe Capital Corporation – SASAC, March 27, 2018
Ge Honglin met with Robert Friedland Founder and Chairman of Ivanhoe Capital – Chinalco, June 12, 2017
CLQ capex
Deutsche Bank estimates capex for Sunrise at $1.08 billion. Don’t know if their info is any better than anyone else’s guess, but it matches up with my previous ballparks “north of a billion.”
I am just resigned to a high number but feel pretty confident the capex needed will be debt financed.
$CLQ lp
https://www.livewiremarkets.com/wires/clean-teq-derisked-at-the-macquarie-conference