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 $CLQ Clean Teq Holdings
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
tolga_kumova
“$EUC so today we have started exploration drilling underground in Slovakia.
18 months ago we walked over the top of the waste dumps of material mined in the 1600’s. These adits produced the cobalt in that era. Let’s see what they they still hold”
Something big is up at Easpring
As you doubtlessly know, Beijing Easpring was the first take-off party for Sunrise cobalt. And Clean Teq has been “in negotiations” over a battery factory in Australia since last August.
Well now, we cannot link the following release to Clean Teq, but one must wonder why they raised 1.5 billion yuan last month.
https://www.reuters.com/finance/stocks/300073.SZ/key-developments/article/3803803
Easpring JV…the news release on the capital raise is strangely silent about the use of the funds. There is nothing in it to link it to Clean Teq, but then there is nothing that rules it out, either.
Frankly I find the timing to be rather perfect for the announced CLQ announcements on Sunrise…and Easpring can say nothing until a financing and an FID on Sunrise is officially announced. This explains why there is a “continuing” negotiation since August…nothing can be said about a new battery factory that relies on Australian cobalt and nickel, until the factory supplying the raw materials is certain and financing and FID are in place.
Until CLQ says negotiations are broken off, or the use of the Easpring cash is divulged, I think a JV on the battery factory is about as sure a speculation as one could make on the circumstantial evidence.
It may seem like dreaming to expect a smashing BFS, debt financing on Sunrise, an LOM off-take, and a new cathode plant…but all of these things appear to be in the cards, and coming up real soon, and they all have a bearing on financing and the BFS.
If announced all together, it will be the Mother of All Blockbuster Announcements.
I suppose we could also throw in a scandium off-take. agreement
as well; but think of the effect it would have on the BFS.
It is asking for a lot. But there is really no reason that each of these catalysts individually cannot be accomplished in the next 60 or 90 days. So, why not ?
#Easpring
“In August 2017, Easpring signed a five-year offtake agreement with Clean Teq ( CTEQF ) for around 20 percent of cobalt sulphate and nickel sulphate output from its Syerston project in Australia.”
https://www.reuters.com/article/easpring-metals/update-1-chinas-beijing-easpring-looks-for-more-cobalt-nickel-offtake-deals-idUSL3N1RV1QT
my apology if link already provided.
eemajin…it was posted, but it’s OK because it has very important implications for the next few months.
What is telling me that more is coming is that since the August announcement for a five-year 20% take-off, CLQ has gone out of its way in every single presentation to mention that “negotiations are ongoing” with Easpring, and they specifically refer to “project level involvement” (=equity) in exchange for a life-of-mine take-off.
You do not need six months to find out that your negotiations have failed.
There is a deal, we just do not know what it is.
My conclusion is that there is a JV deal all set to go to build a factory in Australia. However it cannot be announced on account of the fact that there is no official BFS, nor is there final financing, nor is there an official
Final Investment Decision on Sunrise.
Therefore, nobody can make an announcement about a factory that is going to rely on Sunrise production. It is premature. However the
JV could have a significant impact on the FID and financing, to say nothing of greatly underpinning the BFS future forecasts.
As a result, I predict nearly contemporaneous announcements on the BFS, financing, FID, and a JV with Easpring (and potentially other parties as well) within 10 weeks; possibly within six weeks. The BFS date governs.
Every day that passes without announcements on these matters increases my belief that we are going to get The Mother of All Announcements.
All the pieces are in place. The more quiet it gets between now and July, the bigger the noise is going to be when The Bomb is dropped.
Personally I am going to push the envelope on my position.
Having a short time horizon is helpful, we do not have a long time to wait.
Might as well swing for the fences.
Also I forgot to mention again, Easpring in late April raised 1.5 billion yuan ($300+ mil AuD) in a private placement, suffering pretty severe dilution thereby.
They didn’t say exactly for what. Thus we conclude that they did this For Something They Don’t Want To Say What It Is Right Now.
Usually when a company raises this amount of money, they have the courtesy to tell the shareholders what they are going to do with the money. But for some reason, Easpring is not saying what the money is to be used for.
Nice timing for a June announcement of some kind.
This is absolutely an insane idea that flashed across my mind.
If I were RF and Easpring, I would surely consider scarfing up a few of the undervalued cobalt spec miners.
I mean, the market cap of PGM is less than 25 million. CLQ goes up and down more than that on a daily basis, for crissakes. Even a bigger project like ARL is not out of the question. You could go to them with a pretty good deal:
“You can’t beat us, but you can join us in the NSW Co-operative Cobalt Asssociation. We’ll give you a premium on your stock price and a kicker in CLQ shares, warrants, and options. Take it to your shareholders, let them decide.
By the way. Our mine will be up and running and we are building a cathode plant next to the mine. We are going to have C1 costs about half of yours, here’s a peek at our BFS coming out next month.
Anyway, give us a call with your answer. No hard feelings either way. Good luck getting your mine built in four or five years.”
It could be that Easpring just raised the last of the money CleanTeq needs to finance their mine, and we’ll have a life of mine deal. Not sure about the battery precursor factory, and if that becomes part of the plan, not sure how much that would be worth to us. In any case, I expect more deals than Easpring before the end of the year, for most of the cobalt/nickel production. We’ll sell our stuff to somebody, so just a deal is not catalytic. If the deal includes exciting side goodies, that would be more what I’m hoping for. As far as “Mother of all Announcements” I don’t know, other related boards that go all “super-hype” have had reality slap the silly off their faces. I rather stay calm, and let events play out on the ground, its just my own way and the way I roll, but good luck to all.
by the way HN, the DFS is due end of June, I suppose it could come out earlier in June, but 6 weeks latest.
Easpring…my perspective on the Easpring deal has changed for the better since August. CLQ detractors pooh-pooh it because it was “only 20%” and of course most people have never heard of them.
However I see it in another light, given RF’s hold-out position on off-take in general.
Easpring was given a coveted opportunity by CLQ on account of its position in Chinese industry. It was founded by the Chinese State.
So Easpring’s obscurity to us means absolutely nothing. We’ve heard of Mercedes and Apple and Tesla. But Easpring is better, because we get the muscle of unlimited capital with our counterparty.
Whatever Easpring needs from the Chinese state, they will get it. If they ask for half a billion dollars to build a factory, they will get it. Whatever they need.
Agree with your points…I could be wrong.
But all the pieces are in place.
The last “earthshaking announcement” I saw was the SKI deal with AUZ. Guys were saying it was the biggest blockbuster in Austalian mining history as the stock went into a month-long trading halt.
When it resumed, the price rocketed from 12 cents to eight cents. So I know what you mean, and maybe my
predictions of prices going into orbit will be dashed like the hopes of the AUZ faithful.
We’ll see !
HN: Your previous hope was that CLQ would raise capital via bank loans as that would be non dilutive. Wouldnt an Easpring deal (or any others for nickel/cobalt deal) be dilutive? They’d be parting with a chunk of the company and/or its future product.
In some ways the DFS is a forgone conclusion so priced in (ignoring the stock price manipulation). What would really move the needle is a scandium/vanadium take off deal as presently the value of those metals ignored.
sarah…technically yes it could be dilutive.
But when Easpring or Pengxin gets the stock, they are not going to resell it in the open market, they are going to keep the stock. They not trading securities.
So the impact of the additional shares issued does not have as big an impact on the stock price as a straight public offer would. It behaves more like a cash infusion than a dilution, because the new stock isn’t coming up for sale.
The other thing which is uncertain in a battery JV is the structure of the deal. The money from Easpring could be totally going into a subsidiary with CLQ’s contribution towards equity being something other than cash. Or the JV money on the CLQ side could come from another of RF’s companies like Ivanhoe Industries, HPX, or Ivanhoe Capital.
CLQ will benefit no matter what, because they are going to get the off-take. Frankly I would prefer CLQ expand their mining business than put cash money into manufacturing.
The CLQ guidance is clear…a cash infusion for “project-level involvement” will bring a 20% LOM take-off into play. The structure of the deal is vague…we are not sure if CLQ is saying the project is Sunrise, or that the project is the new cathode venture.
But the outline has been given.
Sarah..about dilution…no one has more to lose from dilution than RF and Pengxin and the other insiders;
so I completely trust their judgment on how to handle the situation to the benefit of the shareholders.
Thanx Hn. Last question: Does CLQ hold treasury stock of any significance?
Don’t know. Inquire of CLQ IR, I am sure they will answer.
But I know that Pengxin can pony up and maintain relative position on any dilution.
My opinion, and it is only an opinion, is that we have seen the worst of the dilution. RF and Pengxin have gone from 32% to 25% combined. No one has more to lose than they do, and RF’s history on protecting shareholder value is pretty strong.
So I am not worried about it.
$PTNUF $PGM…no position (watchlist bargain bin)…announced new Managing Director.
Yawn… ZZZZ-ZZZZ-ZZZZ. .
$PGM $PTNUF….The shareholders are nonplussed, a lot of loyalists are throwing in the towel.
The new guy does not have a smashing resume…who are you going to get for a company like this… and he is not going to start for two months !
The stock price may go under 8 cents Australian, cap down to 21-22 million.
HN: We always said that PGM was ripe for a buyout and couldnt really understand why RF was dragging his feet when the stock was selling for pennies on the dollar. Im fairly sure RF needed to nail down getting capital/DFS for CLQ before committing to such a move. Id guess that a buyout is already agreed in principal and an announcement will follow soon after the Easpring deal is announced. PGM’s new MD is just a holding position……they didnt need to hire a star player. PGM doesnt have the management, infrastructure or capital to dig a mine…..a sell off is the only thing that makes sense.
Sarah, we see it the same way; it is an open question if RF is interested, and at what price; same with the board at PGM.
But the thing is so cheap now…they have a cap of $21 mil and are sitting with $6 mil in cash…it’s peanuts. Simply an awful situation for long term PGM shareholders.
Friedland makes bigger deals routinely. HPX just committed $20 mil for an exploration project in West Africa.
Somebody should find PGM attractive at these prices.
Wow. PGM financials via Yahoo
Common stock 50,576.464
Retained earnings -18,392.14
Treasury stock -2,575.741
Capital surplus – – – –
Other stockholder equity -2,575.741
Total stockholder equity 29,608.583
Net tangible assets 29,608.583 !!
Couldnt resist. Im now a shareholder of significance
(A$500 🙂 )
PGM Does anybody know how much cobalt they have and what grades [including them]? They stayed stuck as a scandium play, even after it became clear neighbor CLQ was going to produce 10X world supply, as a by-product, at almost zero cost. I was laughing at that company, and finally their board woke up to the fact their plan had zero chance of succeeding. If they don’t have high grade cobalt/nickel, that investment is worth zero, or whatever cash they have left until they run out.
$PGM – Renby, according to an Ardea Resource chart in a recent SA ‘Cobalt miners’ report PGM has 9MT @0.15% Cobalt (11th in Oz by cobalt resource).
Yea, they now refer to themselves as a scandium/platinum project, doesn’t sound too promising to me.
$PTNUF – Not to quiblle about a few mil, but Yahoo Finance has their MC at $13.742M. Also, $JRV, while MC is $84.556M, their property abuts CleanTeq.
Not taken as a quibble.
PGM is at dirt cheap prices, but there is a lot of other dirt in Australia.
JRV has a lot of different things going on so its value is harder to evaluate on the upside.
AUZ also has a good tenement to the west of Sunrise (Flemington project).
HN, you were correct in your MC for PGM. I just happened to look at the MC on Yahoo for $PGM in AUD and see the MC at $20.866m. I was not thinking of the MC difference between the 2 country’s dollar when I posted the MC of $PTNUF earlier.
deanbob–Everything good.
I tell you, the situation with the Aussie cobalt speculations is really gruesome.
Just trying to understand WTF is going on.
Putting CLQ aside for the moment:
AUZ…prices have tanked since the SKI announcement. The MC is under 215 mil, stock has gone from 12 cents to under 8 cents. Even with 100% off-take, and an imputed SP of 12 cents from the SKI option, the stock price is moribund.
PGM…despair and capitulation. They are going for a small scandium operation, mc is sinking towards $20 mil, even with announcement of a new MD. Most shareholders who are expressing themselves are up in arms or bailing out.
ARL…has also taken a beating. They are at least realistic about the time to production, and as we know, the resource is enormous.
EUC…a flutter here and there but no signs of a breakout yet.
COB…of the ones I follow COB is holding up OK.
One would think it is Party Time for Aussie Cobalt, but the stocks I am watching are mostly train wrecks except for COB and CLQ.
Why ? Lead times ? DRC coming back ?
Situation about to reverse ?
I can rule out EUC…they are very prospective and the targets are European. And I can understand PTNUF…they have declared themselves out of the cobalt sweepstakes, and have no leadership that is making sense.
But what about AUZ, ARL, and COB ? Why are they unable to get traction ?
Is something wrong with Blue Vision ? And if not, at what point do we find the values compelling, and what is going to reverse the situation ?
‘SKI 100% take off’. Im not surprised the price has tanked (I sold on the announcement thank heavens). With 100% spoken for, whats to play for? The gamblers will have lost interest and moved their money to greener pastures.
If it was binding AUZ sp would be a lot higher. Hope no one fell for the comparisons with Clean Teq.
John…they did, and they do.
They do not have the least understanding about CLQ’s assets and potential beyond Sunrise; and the tendency of the partisan comparisons is to focus on total market cap and the comparison of project geology; and they overestimate how fast their projects will get to market, and underestimate CLQ’s preparation and ability to compress the schedule.
Geology is not comparable – it’s a Australian HotCopper myth for new investors.
$MGX
https://webfiles.thecse.com/PR-5-16-2018.pdf?YnSTGA17hdxBqfs_4DMp4qYLzBQsVdBY
Water treatment at oil well sight to begin.
Top 6 Cobalt Junior Developer Miners To Boom By 2021/2022 by Matt Bohlsen May 17, 2018| Includes: AMSLF, ARRRF, ARTTF, BAR, BKTPF, CBBHF, CSSQF, CTEQF, CUZ, ECSIF, FTMDF, FTSSF, GLCNF, GMRSF, HLPCF, KATFF, MLXEF, NDENF, NZRIF, RNKLF
https://seekingalpha.com/article/4174958-top-6-cobalt-junior-developer-miners-boom-2021-2022? HendrixNuzzles seems to be at least a couple days ahead of Matt… 🙂 Great job! #Best2ALL! 🙂
Summary table of the top 6 cobalt juniors who can reach 5,000tpa production
Price Market Cap Contained Cobalt (ore type) Likely ~5,000tpa producer by
Clean TeQ 1.25 AUD 848m 132,000 (laterite) 2020/21
Australia Mines 0.111 AUD 282m 54,500 (Sconi only) (laterite) 2020/21
As speed to market being mentioned on this board being of great importance I’m more than fine holding what appears for now to be the top two to market.
Regards CLQ, they could buy any of these other area plays. One reason I also hold PGM. Of course AUZ bordering CLQ would seem to be the obvious choice?? But as a novice in these matters I’ve really no idea if such a thing would really be that beneficial or whether RF is even looking/aware of it…..
AUZ is now firmly under the SKI umbrella IMO and being honest they might well need to be. Don’t shoot the man down (see video below) but BB sitting somewhere within CLQ’s management would be just fine by me plus of course the extra CLQ shares I would be getting if any sale was done…
https://youtu.be/iagkJmAmeL4
Squirrel…I agree, buying PGM is pocket change for RF and the company needs a White Knight.
PGM…I just don’t understand what their BOD is doing…or rather, I see what they say they are doing, and I think it is misguided. I think it is crazy to go as a scandium-only project.
AUZ…has more ego than management. Unfortunately I think they and their shareholders will hang onto their egos dreams of glory, and hold out against any combination or merger. I think the situation is perfect for them to limp along and continue to disappoint shareholders.
My opinion is that Mr. Bell is badly underqualified for what he is facing at this stage of the company development. All credit to him for bringing the company to where it is. But his skill set is not what is needed going forward.
I am very wary of what AUZ gave away for the $65 million “option”.
The offset is buried in the confidential off-take agreement. In the end I suspect that the sale of the “option” is just an advance loan, to be re-paid with discounts from future production. This is a bad deal, they are selling out 20% of the company for NOTHING.
I was considering re-entry at distressed prices on both companies, the intrinsic value of both are pretty high. But at this point I consider both sets of management to be liabilities, and I am reluctant to put money into companies where I consider the managements to be detrimental.
This leaves ARL and COB. I already have a small position in ARL.
The trouble is, when I go to my brokerage module, and start to buy
some COB or more ARL, I think, “What the f*&% are you doing !?
You could buy more Clean Teq with this money !”
Maybe RF should be sent an email via Sam Riggall, my suggestion would be buys the ones I hold first, then all the others. Then builds that MEGA plant there and off we go and all in a very safe jurisdiction, which after the DRC must be tempting. All this product can be shipped to China just round the corner. Of course this won’t happen will it….
Regards AUZ, SKI being on board makes me stay, might be wrong? but they need the stuff for their Hungarian plant and they have the muscle and incentives to see this through. They have a good deal sure but that’s big companies for you. Its also a long deal and IMO part of SKI’s longer term plan.
If I didn’t already hold a large position in CLQ I might see things slightly differently for sure. Agree BB is not RF, but you got to start somewhere. BB is after all a geologist foremostly.
I also find the animosity between the 2 camps on the forums a bit silly, hope it doesn’t spill over to here, just saying….
Best to everyone winning no matter what you hold SS.
Squirrel…agree on all points.
On HC there was a lot of discussion about One Big Mine in NSW. I think this is still a possibility.
Platina would be the easiest to get. I think AUZ will hold on to their dreams of glory. But there are few other neighbors who might see themselves and their shareholders benefitting from a combination.
Of course RF can be pretty tough at the negotiating table, and an agreement might not be achievable. There has to be desire on both sides and a price everyone can live with. Any of these elements might be lacking.
$PTNUF I was reading the HC comments night before last and saw many who are not happy with management, their transparency, or the work ART is (supposed) doing in their JV. I gathered they were in a holding pattern, and that recent selling might be the point of capitulation. I am down 30% on a small position and was reviewing/re-evaluating. I like the proximity to Sunrise, their MC, the leverage of their share price, their approach of frugal and incremental ore processing, and the JV with ART. It is no Sunrise, but could become part of it!
deanbob, I agree it ought to get snapped up by somebody.
The trouble for me right now is that the situation at CLQ is so compelling and immanent I cannot justify putting capital anywhere else until after the BFS is announced.
Squirrel, I know you like AUZ and I am tempted at these prices. It could give a good return.
Not to get embroiled in a debate, just want to recap my negatives:
The management is not up to the task. They cannot get a news release done properly, I cannot trust them to build the mine.
They have hidden the major component of the deal, they will not say what they gave up for the $65 mil “option”.
They are shameless about spinning their news. I do not trust them.
They talk about Thacaringa like it is equivalent to Sunrise or Flemington. Take a look at the claim maps, I don’t think their portion of Thack is worth too much.
They do not have the financing for Sconi. Despite the take-off, they have zero cash for the mine. They will probably get financed with SKI on board, but at what terms ?
They are captives to SKI. What happens to their deal when SKI threatens to walk away ? And SKI could walk. Their option is at 12 cents, the stock is selling for 8 cents. Why the disparity, and why are we so sure SKI will go through with it ?
There are over 2.6 billion shares on the float. This shows long-term willingness to dilute holders. Granted the stock was a penny or so, BB got the deal, and kudos to him. But how is a company with a $200 million cap going to raise $1 billion for a mine, without further dilution ?
Not in Love with AUZ but in cheap enough and do feel it has upside from here. It could be considered to have naive management but I can live with that. Imo the Koreans liked BB plus got the deal they wanted, win win all round. The SKI deal plus the AUZ land package is enough for me to ride this out. If I lose so be it, always got CLQ to fall back on. Doubt it’ll ever go below my buy in, now said that it will Lol….SS.
Side note, BB has cut 2 great deals so far, namely, Metallis and SKI, viewing his recent video that’s impressive!!
Good luck with it !
Everybody is different…I am more comfortable with Ivanhoe Mines in the DRC than I am with BB.
One size shoe does not fit all.
Cobalt options…I suggest that Cobalt 27 might be worth investigation for those looking for more pure cobalt exposure,
though I am not in that camp.
CLQ and ARL are enough for me at the moment, although I remain somewhat open minded and I am following a few other Australian ni-co speculations.
I want heavy exposure to cobalt, and CLQ is my main position.
CLQ gives me a lot of “diversification”, insofar as I get nickel, scandium, and all the other goodies besides cobalt.
And I have a nagging feeling that there is a lot of misdirection and panic on the DRC situation. It is true that other cobalt plays are more “purely cobalt”, but I am not sure that is what I want, when a huge additional supply of cobalt could appear suddenly through a political settlement in the DRC.
One last thought. I originally became interested in Clean Teq when I was searching for ways to invest in SCANDIUM. That story is still being kept in the background, while cobalt and nickel have been
pushed to center stage. Recently, I have been as wrapped up in the nickel and cobalt like everyone else; but the scandium was my original motivation for investing in CLQ, and the reasons and rationale are still present and closer to fulfillment than ever.
But I am a victim of my own distraction is I chase a pure cobalt play,
when CLQ has a clear and growing edge not only in cobalt, but in scandium, my original target.
The only ‘political settlement’ I can envisage would be for China to send in a ‘Peace keeping’ force to guard the mine ! My bet is that China is in no rush to exploit the reserves (they have them tied up for the future so will focus elsewhere for EV cobalt etc). Then they will let the warlords experience a period of zero income/interest during which time they will not be able to afford modern weapons. Theyll simply sit back and wait for Field Marshal Whatnot to approach Ivanhoe with a deal to guard the mine/trains. Sorry HN but this is not the time to be significantly long IVN IMO.
Why do the other Aussie cobalt spec miners have such crummy valuations ?
I have been thinking about this and do not have a good answer that satisfies. The differential between Clean Teq market cap and the others has gotten even more severe.
This does not give me anxiety with respect to Clean Teq, but it raises the question of why the other market caps are so low.
The main reason that seems plausible to me is expected time to production. However this does not seem to be enough to account for the radical differences in cap value.
One thought I have is an idea from Tom Friedland’s book,
“The World is Flat”. The idea is that in today’s world, characterized by mass communication and instantaneous speed, the differences in rewards for “being #1”, in first place, and being second or third or an also-ran become increasingly disparate.
The first place money gets larger and larger, and the rewards for doing well but not in first place become less and less.
This is well illustrated in sports and entertainment, but also in technology.
The way it might influence capital flows to cobalt miners is as follows:
A well-respected analyst lists 6 top stocks to buy in an obscure but emerging sector. A lot of people are interested in the sector. But most of those people are not going to buy all six stocks. Some may buy one, or two, or three. But anyone who buys any of them, is going to PICK ONE FIRST. That investor is going to pick the very best one, whether it is “best” in his opinion or in the opinion of the analyst.
So…being #1 counts. Being #1 will attract a disproportionate amount of investment capital. And in the cobalt-nickel space,
Clean Teq is clearly the best pick.
**
A few months ago, we had a long discussion in which we characterized the race to production as a horse race.
We are now coming around the last turn, with the finish line in sight.
” CLQ has widened its lead and looking strong as they enter the final stretch.
ARL has dropped back, three lengths behind.
PGM has come up lame and is out of the race.
COB has made a move but is two and a half lengths behind and steady.
AUZ is still close but laboring, slipping to a full length behind; and EUC, a long-shot on the outside, is no longer in contention.”
It looks to me like CLQ, going away.
Methinks the horrendous amount of Aussie shares is partly to blame for the dismal share price. And how many can you actually invest in, even if you have money?
Also, as you mention, in today’s society, it is ” what have you done for ME today?” People can’t hold attention to something for days let alone months/years. All those empty promises for 29475% gains in a month are eaten up by those eager to get something for nothing.
The stock market isn’t for investing anymore. IT is legalized gambling and filled with manipulators, naked shorts, betting on a variety of issues and charts, some self fulfilling by their own designs.
Cryptocurrencies? Don’t go there….
Nothing is tied to a solid, tangible “thing”, that SHOULD anchor the full faith and trust of individuals to it. It is a world of Video Poker games, Lotto’s, Gaming and Betting, and people (in General) have given up hope and belief in ANYTHING to trust.
Social Media. What a glorious heap of waste and obfuscation. People exchanging words without meanings thru magic! You don’t need to actually see anyone! WOW! How cool is that? Social meaning has been changed, like so many other words, into something that just might resemble something from the past, but is hardly social OR sociable, keeps you from actually discussing something with an actual person. Nice, huh?
How is THAT for a Happy assessment of how I see things and the market?
But I digress……………I need to go watch some George Carlin to bring me back.
Better write something about stocks so I don’t get disciplined! I am long
$CTEQF, $MGXMF, $ARRRF, $SAND, $PLUG, $SER, $FLC:AU $AES $VRB:CA
That’s my rant and I’m sticking with it! edski
Well said Edski – it’s the way it is!!
You hit the proverbial nail on the head!
One interesting aspect of wagering is that the odds in at least 1 game – Blackjack – can be improved markedly with card counting. I think the analogy can be applied to the knowledge and information shared by the members of this gummunity and success of getting into stocks early.
Yes. It is percentages. And the similarities are there.
I love blackjack, it is my favorite casino game. One reason is that from time to time, you can increase the size of your bet when the odds are in your favor.
That situation applies with CLQ. We can see most of the cards, they are in our favor, and we can increase the size of the bet.
I have a lot of chips on the table. Can’t ask for a better hand.
$CLQ lp
Read and be happy about the H2O
https://www.livewiremarkets.com/wires/clean-teq-water-is-the-new-tequila-ley
Ahem. Just call me HendrixForrestNuzzles.
Pengxin. Heilongjiang. Three Gorges. SIDRI. Ionic.
You read about them here first.
Long CLQ.
Yes SIR!
This group (livewiremarkets) has joined the CLQ bandwagon and openly supports it.
Soon HN…hopefully Very Soon……..
Every day that passes with no single announcement
increases the possibility of a mega-bomb when the BFS comes.
They’ve already stated that their goal is to have pre-committed bank term sheets when they publish.
The negotiations with Easpring have been going on since last year, with the framework already established.
The commodity prices are co-operating. And the separate PFS’s for scandium only and a nickel-cobalt operation were done two years ago. So it boils down to the EPC contracts and estimates, the income side is a slam-dunk.
They have been working behind the scenes with lots of EPC and bank types.
And remember…they were already late once with the BFS. I don’t think it will happen again. Official guidance was “Q2 2018”.
The ducks are all lined up. What month are we in now ?
The scandium and vanadium deals will probably drop after the BFS is detonated. But with Friedland, you never know. Don’t underestimate him.
MAJOR EVENTS AT CLQ AND WHAT I THINK THE TIMING WILL BE
In thinking of the future for CLQ, a few major events stand out as likely catalysts.
I am speaking only of events which could have a major impact on the stock price of the company. In my predicted sequence of realization:
1. BFS/DFS, first and foremost. Due by end of Q2…meaning at any time, at any moment, between now and the end of June.
2. FINANCING…I believe this will be outlined at the time of the BFS or immediately after. They are targeting completion of term sheets before the BFS.
3.. EASPRING JV and extended off-take for LOM…I believe it is likely this will be concurrent with the BFS, or immediately after, because they have repeatedly mentioned “project level involvement” and LOM take-off, and these are both material to a BFS and to financing.
4. MORE OFFTAKES besides Easpring.
5. GROUNDBREAKING and revised construction schedule…the schedule will
be compressed but not announced to the degree actually possible. They will say they have a chance for mid-to-end 2020; I think they will do better.
6. SCANDIUM TAKE-OFF…when the dust settles on the Sunrise BFS, a scandium take-off will be announced. It could happen earlier, the pieces are in place and it would add a lot of juice to the BFS, but they have stated repeatedly that scandium will not be included on the income side of the BFS. They might surprise to the upside, but I doubt they really need to.
I think they want to show the validity of the technology without relying on a speculative metal with no market like scandium. They want to ram home the
fact that Clean iX will work on cobalt and those pesky nickel laterites. Something real.
When Sunrise shows C1 nickel-cobalt C1 costs, every miner in the world is going to sit up and take notice. Screw the investor conferences.
7. VANADIUM PROJECT…when Sunrise ground is broken and underway, a vanadium sourcing deal will be announced on a Chinese deposit. I predict that the announcement will be made this year. When the vanadium sourcing is locked up, we can look forward to more announcements by Pu Neng.
8. IONIC INDUSTRIES JV…can happen anytime from mid-year onwards but I do not think it will be announced til 3rd quarter
9. MORE WATER…after the IONIC JV. In fact I think a lot of the products being tested
are vital to the big municipal projects CLQ will get in the water division.
As I understand it, the Ionic filtration has more application on organic waste removal; whereas for metal extraction, the existing ion exchange technology is more applicable.So while there will possibly be some announcements here and there, I think the really big ones will not occur until the JV with Ionic is locked up.
Then the sky will be the limit. We got China. India. Middle East.
10. COMMODITY PRICES…can’t count on nickel and cobalt going up…or can we ?.
There you have it. Frankly I am reluctant to name a target price for the stock.
Let’s just say, as I have said before, that ALL of the analysts and experts are too low
with their estimates.
Will anyone here be surprised to see a double or a triple by year-end ?
Get as much as you can sleep peacefully with, and enjoy the show.
We got front row seats. It’s gonna be a hot ticket.
$CTEQF As the world continues to grow, the demand for all that CleanTeq will offer should only grow (some areas like water, exponentially?). I feel good owning a small part of a company I believe help so many while producing early investors significant returns. Thanks for the opportunity to sit on or close to the front row.
CLQ – a big thanks HN….caught up on a bunch of your posts ( and others)…confident to be long CLQ for awhile now. Have a wonderful weekend et all.
$NIOBF – U.S. Government Officially Declares All Three Superalloy Metals from Nebraska Project as “Critical Minerals”
https://mailchi.mp/niocorp/us-government-officially-declares-all-three-superalloy-metals-from-nebraska-project-as-critical-minerals?e=d2703cb985
note: I’m posting this for what it says about NioCorp and what IR knows about Rare Earths. There is also a link in the news release for the the list of priority minerals was developed in response to a White Houser Executive Order of December 20, 2017.
NIOBF np
Here are the elements on the US list that CLQ claims they can extract:
Aluminum
antimony
arsenic
bismuth
cesium
chromium
cobalt
gallium
germanium
indium
magnesium
manganese
niobium
platinum and PGMs
REEs
rhenium
rubidium
scandium
strontium
tin
titanium
tungsten
uranium
vanadium
zirconium
Here are elements on the US list that CLQ does not claim to be able to extract
barite (not an element)
beryllium (not an element)
fluorspar (not an element)
graphite
hafnium
lithium
potash (not an element)
$NIOBF – U.S. Government Officially Declares All Three Superalloy Metals from Nebraska Project as “Critical Minerals”
https://mailchi.mp/niocorp/us-government-officially-declares-all-three-superalloy-metals-from-nebraska-project-as-critical-minerals?e=d2703cb985
note: I’m posting this for what it says about NioCorp and what IR knows about Rare Earths. There is also a link in the news release for the the list of priority minerals was developed in response to a White Houser Executive Order of December 20, 2017. There is also the final list link just below it.
NIOBF np
Posting here as relates to vanadium RF.
From GIL – Gold Investment Letter today.
No Position btw.
Eric Muschinski quotes RF re vanadium.
Cornerstone Metals CEO Interview
Good Morning,
It is absolutely worthwhile to give a listen to the interview I’m posting below and read through the power point to learn more about Cornerstone Metals (CCC in Canada and CCCCF in the US).
If you are a fund, family office, RIA/advisor, or high net worth individual that can buy low cap ideas, this one is for you because you’ll get it. Frankly, a monkey could see that this stock is utterly cheap and going higher, despite the fact that it has tripled in the past 9 months. The issue is simply that many investors aren’t aware of this story yet. GIL is early in this theme of vanadium and certainly in discovering CCC. I think it’s a 5-10 bagger….minimum! And very few of you likely have much exposure to their main asset….vanadium. Vanadium is a key component in steel but is also experiencing fast growing demand from the battery revolution. Vanadium redux flow batteries….well I’ll leave it in the words of Robert Friedland:
“We believe the electrification of the world economy is inevitable. We think there’s a revolution coming in Vanadium redox flow batteries. Larger-scale deployment over the ensuing five years in China will result in vanadium flow batteries revolutionizing modern electricity grids.”*
Vanadium prices have gone from $3 to $15 per pound in just the past 2 years and all signs point to sustainable strength. In fact, the Chinese government is requiring manufacturers to bump vanadium content by 20% in all production of steel starting in September. Pure plays in vanadium are hard to find and certainly not any as strong as Cornerstone, whose Carlin asset is in Nevada. They already have $4 Billion worth of high grade vanadium and the deposit will surely grow. The market cap? $17M CDN….insane.
This has a strong shot at becoming a very profitable vanadium mine and I see them getting bought out in 2020 ish for north of $100MM, which would be a steal for a buyer. A planned summer drilling program, metallurgy results, the impending China vanadium content hike, rising vanadium prices, and a further delineated resource will drive Cornerstone into the $1 plus level by January and much higher over time. Strong Buy.
http://www.cornerstonemetals.ca/images/Presentation/2018/Cornerstone_Metals_Deck_April_4-18.pdf
Thanks, Squirrel !
Thx Squirrel, looks like this stock could be investment material, low market cap low share count and so bar 4B in vanadium with plenty of room to add to that..what is your thinking on it Hendrixnuzzles?
Have to check more closely but it looks interesting.
$MGXMF lp
Award
https://www.mgxminerals.com/investors/news/2018/360-mgx-minerals-wins-2018-s-p-global-platts-metals-leadership-award-base-specialty-metals-for-rapid-lithium-extraction-technology.html
Good. They beat out Cobalt 27 in that category. Cobalt 27 had several nominations.
CTEQF
HN – thanks for beating the drum so loudly for CLQ. I bought last year then added near the bottom of the recent drop so the upturn over the past 2 weeks has been nice indeed.
Edski, your social media rant really hit home. Reminded me of an old Asimov book “The Naked Sun” from the Robot Series. I fear this is what we are coming to in the future. Luckily I probably won’t be around long enough to see it all.
caveman: where can i find Edski’s social media rant, thanks?
Jeepers……Hey Lulu. it can be found above at May 17, 2018 6:28 pm.
You must hit the “read more” to access the full articles written, otherwise it is hidden.
I got carried away, but I still think it is part of the “Me first” and “gotta be quick” society we now live in.
edski
CLQ long-term synergies with Ivan…
I have been wondering when we will see CLQ technology applied to projects underway at Ivanhoe Mines…especially the Kipushi zinc project, and more recently the Platreefs platinum project. Here is what I have been able to find out, which is not much; although long-term I believe both will provide profitable contracts to CLQ.
KIPUSHI Big Zinc…I have been very excited about this as a target for CLQ because the Kipushi mine has millions of tons of tailings from the last 100 years, which were remains from mining processes that were presumeably not as efficient as recent methods. And the ore was by far the richest ever mined for most of the mine life, and multi-metallic to boot (copper, zinc, silver, germanium).
CLQ responded to my questions about it, saying that Clean iX circuits would “be ideal” and would be considered after the mine was operational.
There are two reasons I can think of for waiting for two years or more.
First, most of the equipment and processing for primary extraction is already there,
it is being upgraded and refurbed.
But second, I discovered that the rights to the tailings dam are not held by CLQ, they are held by another company. Thus CLQ is not in control of a large proportion of the tailings, and that there is another party involved who holds the rights. So CLQ is not 100% in control of this “deposit”, another party has the rights. So for the time being, unless and until an agreement with them is reached, CLQ will just focus on new waste from ongoing operations.
PLATREEFS platinum/pallidium/multi-metals…this one is really exciting but is farther in the future than Kipushi…Kipushi could be up and running in two years; Platreefs will not be producing for four years.
So it is a long ways off. This is good, and bad.
It is “bad” because we have to wait so long.
However it is “good” because the mine plans have not been made; and CLQ technology will advance considerably in the meantime, so it is even possible that besides water treatment before and after metal extraction, it might be possible that Clean Teq technology could be implemented for the primary extraction circuits.
Ivanhoe announced this month a major water deal with the locals.
Platreefs needs a lot of water, millions of liters per day. Ivan has contracted to take municipal waste water for the mine, and will “return” it. So this to me implies major CLQ water purification circuits either at the beginning, or at the end; possibly both.
In reading the updates, it is also interesting that the main shaft at Platreefs
has achieved a depth of 750 meters, and is only a few dozen meters above the main orebody, which is expected to be encountered at 783 meters and continues for another 200 meters. The shaft is 10 meters wide, so they are going to dig through a lot of ore to get to the bottom of the deposit.
My speculation is that they will process the waste ore using both conventional and Clean iX methods to test metallurgy. After all, they are digging through real ore, and they need to do the metallurgy and testing anyway.
This leaves open the possibility that Clean iX will be used as the primary extraction technology. There is not a detailed BFS so these decisions are not necessary at the moment. It is also conceivable that they will decide to use conventional processing for the platinum and palladium, and plan from the start to use Clean iX for the copper, nickel, gold, and silver. They might do this because the investment community will want certainty on the platinum and palladium, and might get nervous about “unproven” technology on the main minerals, but be less skeptical about the technology being applied to gold and nickel etc. because they are secondary and there are good proofs of Clean iX suitability for those metals.
Anyway, I decided to ask Ivanhoe IR what they are thinking about what extraction technologies are being contemplated for Platreefs.
Heh Heh….I put them gently on the spot, asking if Clean iX is a possibility for primary extraction.
Awkward silence.
Then a response that my inquiry is being forwarded to the metallurgists.
I do not expect a confirmation; in fact, I expect a description of existing, proven methods, with no decision made yet. But if there is a little window that is open a teeny bit in the direction of Clean iX, it will be good enough for me.
After all, it is a couple of years away. A lot can happen in that time.
Edski n all: In a sense you are right that the stock market has become a legalised gambling/casino. But as HN has said; the way forward is to focus on a company’s fundamentals becoz others are better than us at reading the daily tea leaves. ….so ignore their maneuvering.
My problem is (and I invite comment) that after owning CLQ for 2ish years, the sp is similar to where I entered. I dont mind the money coz I have faith, but the waste of grey cells waiting and waiting kills me. So my question is, how should we play it and at what point should we enter?
My gut feel is to enter with 50 shares at .08 cents as a sort of watch-list…..theres so many ‘opportunities’ that its hard to focus and ignore the noise. So what if my investment goes tits up…Hey ho, I lose a burger and small beer. But if youre skimming the news and watching the charts, and are confident of the underlying fundamentals, youll see a ‘sensible’ time to big up your holding (See recent CLQ at 76cents).
I’ll be interested to get your feedback.
XX
Hi Sarah, it is no secret that I am wildly bullish on Clean Teq…long term, and at the moment, short term as well.
I do try to be objective.
In fact I try on almost a daily basis to find a reason to reduce my holding in CLQ for other stocks. I usually fail.
But given my bias, let me recap why I believe there is more risk being out of the stock, than in it.
SHORT TERM (now-Dec 2018)
Look, we just had a major dilution…and guess what ? After a few weeks the price is above the $1.15 offer that added 78 million shares.
And we are in the face of a series of announcements, starting with the BFS, which can occur at any moment and which look like they will be totally catalytic…just as investor awareness of the secotr is becoming widespread.
I have detailed what I expect in a prior post, specific catalysts I think we can expect.
LONG TERM (2019-2021)
All of the short-term catalysts, plus longer term ones like water…scandium…vanadium. These will cause dramatic and permanent changes to the company valuations. Plus, we may see dramatic increases in tarhet prices on commodities.
Especially important long-term are the unusual valuations we will get on account of CLQ’s anticipated high profit margins, and the recognition that CLQ is really a technology company. These could catapult valuations in a really distorted manner.
The big caps have large sales numbers…but what is going to happen when CLQ shows more absolue profit than companies many times its size ?
In summation, my own strategy is to buy as much as I can, within an amount that I am comfortatble with no matter what the daily fluctuations are; and my intention is to keep adding and hold at least until Sunrise is in production. Then I will take a look and re-evaluate. I think building a position in the next few weeks is critical.
The BFS is due SECOND QUARTER…and we are in that period NOW.
Finally, let me ask you:
Which company would you prefer to have a position in ?
What company has more upside, less downside, better targets, better management ? Who has better contacts ? Track record ?
What spec miner is closer to production, with a chance at lowest quartile costs ?
Which stock will give you a firm indication within 8 weeks of its likely future ?
One day in the next six or eight weeks, there will be a trading halt announced.
You want to be long before that day.
Sarah…”.08 cents”…don’t follow…
My apologies HN if Ive misdirected you. First, my comment wasnt really about Cleanteq. I have read ALL your research and double checked some of it, so Im as convinced as you that it must eventually be a superstar…Im embarrassingly long. The 8cents comment was really just a way of saying ‘cheap’…..although CLQ was at 8 cents in 2014 for those with a crystal ball.
What I was trying to say was, all these shares take a long time to mature and (as youll know) require a good deal of nursing/monitoring. During that time the gamblers and fake news rumor mongers will play. As I think Edski said, someone has been manipulating the price by short or block selling, then (presumably) buying back lower. The recent fall to 88cents is a good example. With all we know about CLQ et al it was an obvious moment to load up….and I did big time. I just wondered whether anyone had a general timing strategy for entry. Mining is very different to bio. Bio is a pure rumor mill with a binary ending, whereas (as youve demonstrated) mining investment can be founded on tangible info. Tangibles are worthy of long term investment as eventually the pay dirt will be dug up irrespective of the gamblers short term noise. Also, once some sort of feasibility study data arrives showing theres metal down there, its unlikely that your investment will go to zero….unlike a phase 3 fail in bio. So altogether I feel far safer investing in mining especially if there’s a good guy at the helm.
Timing has been a long termfrustration for me. Some while ago you gave me some good advice re this. What you said was ‘perhaps you should keep a good proportion of your holding long but set aside another chunk for trading in and out’. Seemed like a good idea to me and it certainly relieves the boredom, so Ive followed it many times. What seems to work best for me is to set a 20 and 50 moving average line on the annual chart. When the 20 crosses up through the 50 buy. But as soon as the 20 crosses down thru the 50, get the hell out. There’s nothing new in this method and obviously it doesnt work every time or Id be a millionaire by now, but it helps. I wondered if others had their own thoughts for their trading proportion of their holding…….in particular respect of mining.
Thanks for all you do HN.
Thanks Sarah. For me the timing is to hold until they are in production, then take a look, barring something major that changes the fundamental picture.
Our impatience and boredom can really be an enemy.
I am as guilty as the next person.
The probability of important developments from now til year end is so high, I do not believe it is a good idea to be out of the stock,
no matter what the short-term movement is. A bad short-term chart can be reversed with a news announcement the next day.
When the announcements come, we will be sorry if we are not invested up to our comfort level.
Best
Sarah, Can’t type much now,had an accident in the shop and sliced my fig3r tips. Not as good as Gr8Full at typing with one paw!
I think that you are saying that you are still in CLQ?
So you have been in CLQ over 2 years!?!? Nice! Most of my picks have gone belly up by 1 year, or reverse split themselves to death. Good for your find back then and keeping it. There is nothing for you to do right now, like HN says. If your question is solely regarding CLQ, sit and stay and watch carefully to make sure things are going the way you think they should.
You have heard nothing but good news about them since you bought in. If you did exit CLQ and want back in, N O W would be great.
Hopefully this is not what is troubling you! I think that it is maybe your previous comment about feeling that it is too good to be true. I had been married to gold for years and lost most of my money (total savings). I am NOT wealthy. But I keep trying to learn and not make rash decisions. I am in enough stocks to cover many areas of EV and Large Batteries.
At this point i my life,this is what I have chosen to in vest in, and two years waiting for a mine to open is killing me. They will be opening up when “the next big thing ”
comes into focus. But I have made my decisions and do n’t blame anyone else for past or future losses, but I’m saving blame for market manipulation.
The only thin g I would add is DO NOT put all of your eggs into one basket, no matter how pretty that basket looks……..just in case, ya know?
Best of luck to all of us. Oh! Don’t feel that you have to invest like the rest of us do.
We are all different and have different needs and investment philosophies. Be yourself, and be honest with yourself.
edski
Quiet Before the Storm ?
The guidance is that the BFS will be released second quarter 2018.
April, May, or June. We are more than halfway through second quarter.
April 27: Easpring completes private placement for 1.5 Billion yuan.
May 3: The last substantive news release: “Sunrise Project Update.”
May 8: Stephanie Loader, a Board member, bought some stock.
Since then, all quiet.
***
Did you notice, the stock started to move last week ?
The price is above $1.15, from the offer last month.
Employment ads running in Aussie papers, more hiring.
New street sign up in Lachlanshire, New South Wales: SUNRISE LANE.
It is May 20….less than 40 days for news.
Don’t be surprised !
New street sign up in Lachlanshire, New South Wales: SUNRISE LANE.
Saw that, was it real?
Sure is a lot going on and a lot more coming soon….
Going to be one hell of a year in the CLQ camp!
The photo had a Lachlanshire town logo on it and the photographer said it was real. Lachlanshire is one of the nearby townships.
Yes I saw the sign, looked real, just surprised.
Moving on, do we here assume that CLQ are aware of the other plays in the area? Answer yes very much so, definitely maybe! Might they be thinking of buyng any of them up to increase scale, remove the competition and also stop others especially oil companies jumping in….Note (the 2 most secure countries for mining are I believe Australia and Canada). Also China will lead the EV revolution which is a BIG +++ for Australia)
While CLQ for example consider say….PGM, might AUZ with SKI backing move in and snap PGM up? Does SKI have enough for their Hungarian plant through only AUZ as they have not secured any other offtakes.
PGM is without doubt the rudderless ship here but has a good resource and very cheap.
Is it worth dropping RF an email as previously mentioned?
Who here is best penned for this? Clue, answer – who was the best ever guitar player (now deceased) ha ha…
Just some ramblings……
Only RF knows what he intends to do, and I guarantee he will not tip his hand to anybody, let alone a retail nobody like me inquiring of IR. But:
PGM is a lay-up under $25 mil market cap. Why RF hasn’t made a pass already is hard to understand, PGM is dead in the water. But their board seems intent on creating a disaster…maybe there has already been contact, maybe there is a deeper plan. Who knows.
I think AUZ’s Flemington is attractive, but unlikely to go to easily, because SKI has an inside track that will scare everyone else away, and AUZ needs it free and clear to satisfy their holders and their dreams of glory.
Don’t know who else has good holdings near Sunrise but it is worth checking out. As I recall JRV has something nearby.
In passing… I think AUZ’s teasing about Thackaringa is baloney. Look at the claim size and maps. Another mine is the Boss at Thack.
Maybe off the wall but retail or otherwise, you never just know as he’s as open to anything new as anyone IMO assuming it can be put in front of him (Yes his cards are held very close) however nothing is cast in stone more every thing we see was once an idea only. That aside agree 100% PGM is there for the taking, if they don’t get it together soon it’ll be eiher history or hopefully bought out. Not anything I research much anymore. ..
JRV – I read recently that AUZ had an option on it? Looking at the map JRV land size is big assuming my map was to scale.
Best SS.
I think JRV had a royalty but just sold it to somebody.
They appeared to be concentrating their cobalt effort into one project, I forget where it is but it was in Oz.
Clearly RF plays a close hand but it’s flexible on information received AND from whatever source. Being wise if a retailer was able to present him/her with open aware information then the wise man would notice.
Sprott comes to mind regards stockhouse aka the wild west otherwise known Shithouse, which has a wider democracy of speech than HC or CEO. This regards GGI btw.
Posting now as tablet or 5%
Shot them an email about it
IF PGM is the dog you suggest, RF aint gonna offer much…..some CLQ shares at near market price and a minor directorship. I dont think the shareholders will see a bonanza profit.
PGM: This especially when RF has already got more land than he needs, the heck of a head start in the race towards production and his needing finance by one means or other. The only risk is someone else with deep pockets will jump in. RF really only needs to tie up PGM before someone else snaffles it on the cheap. Then it can just sit there as a kangaroo reserve.
The PGM BOD may not be amenable, but an offer might be approved by the holders. They are despondent and/or pissed off.
Honestly it is incredibly cheap, 21 mil cap and they have 6 mil cash and a big deposit.
The other thing is that RF may just have his hands full. PGM is so small, it cannot be a major priority for him. It is amazing how much stuff he is is managing.
A $20 million real estate transaction just doesn’t merit a lot of his time and attention; and at this point, that is all PGM is…raw real estate with a lot of drill holes. But if he has big plans for scandium, he can knock out a competitor by writing a check.
If we all chip in for the bus, I’ll drive us to Australia! (OK no ethnic jokes)
HAAAAAA hahahahaha…..Man, you even spotted a new street sign!
Too much HN!
We’ll have to keep an eye out for the public park with a statue of RF in it.
I assume everyone knows that the CLQ remote center in Parkes is named the Regional Operations Center. No kidding.
Sometimes it’s those little things that persuade. Somebody drove by and saw the street sign. Another guy sees a CLQ employment ad for a chemist.
You don’t get these things in news announcements.
But they tell you clearly:
“THIS PROJECT IS HAPPENING FAST !”
Interesting article posted on the HC AUZ forum regarding oil companies sniffing around the battery area.
https://australianmines.com.au/brochures/mediapdf/SP_Article.pdf
This story reminds me of alcoholic beverage companies looking into Pot companies. Smart Oil companies have been looking into EV participation as well. Good link!
Good comparrison!
These oil giants have MEGA funds and I think they know their days are numbered, regardless of their tying to slow down the coming revolution which is inevitable. Of course they could spend fortunes trying to find an alternative? But imo they will just think buy it up. BB mentioned that the risk will be far less for them in a years time, which might be the case. No doubt imo they would be monitoring the situation.
Interesting times….
It’s a good time to buy cobalt. The DRC mines are in the crapper and the Aussies are cheap now too. Very surprising that the DRC uncertainty has not sent Aussie cobalt miners through the roof already.
I have to say it: the DRC pessimism is probably overdone. Fear drives the prices to stupid levels. Someone is going to come away with a handful of bargains. Not me, though. I am loaded up with Ivanhoe Mines already.
Someone, you might be right, but I’m sticking to my current holdings regardless of buying “when there is blood in the streets”
If internal civil war breaks out I’d buy, that’s my risk level for the DRC…
What sleep I get is important ha ha. ..
yes I agree. Peace of mind is the whole idea.
Cobalt….$GEMC no position, and EASPRING
https://www.globalenergymetals.com/partnerships/beijing-easpring-technology-material-co-ltd/
I came across Global Energy Metals while checking on Easpring. They are a strategic partner of Easpring. GEMC has an earn-in on the Mount Isa project in Australia.
No position
CLQ and RF…the future
The recent announcement by the Chinese CPC head Xi is the second rather impressive announcement by him this year and is incredibly bullish for Clean Teq.
Friedland obviously has an inside pipe to Chinese economic policy and is positioning his companies to take full advantage.
I have no doubt at all now that the long term commercial prospects of Ivanhoe Mines and Clean Teq Holdings…they are as good as one could hope for.
But there is nothing but blue sky now on CLQ. The safest bet is now CLQ. Everything is lined up, for years to come.
Ivanhoe Mines clearly has political risk in DRC, and Friedland’s other public companies have the usual risks of deposit, discovery, and political uncertainty.
But we now know that, IF there is a worthwhile target, THEN the development, the finance, and the construction risk are zero.
**
But for those looking for excitement and entertainment, other mining spec and exploration plays related to RF are:
CDBMF…Cordoba Minerals…no position…the initial results were disappointing and the stock tanked, but recent announcements indicate he has not given up on Alacran. I am out.
FEXXF…Fjordland…similar, the New Voisey’s Bay drilling came up empty. I still have a stub, couldn’t exit gracefully so I still have some. It is unclear what additional effort he is making there. I wish I was out but at 2 cents a share I might as well live with it.
LNZCF…full speed ahead, I am long and would consider adding. West Africa ni-co-sc and graphite. Bullish, though it is long term. Big leverage on account of the SRG.
SPARTON RESOURCES…Very speculative but the company is underpinned by its ownership of 18% of VRB Energy Systems (formerly Pu Neng). I am near the limit of my comfort zone with my position size, but may add….it is hard to see how 18% of VRB/Pu Neng will not be worth a fortune, and I have no other way in.
IONIC INDUSTRIES…really a long shot, again I am more than maxed out on position size since the minimum on the PP was higher than what I would normally consider. However the upside is so great I was willing to put away a large amount as a long term investment. A lot of my speculative cash has been allocated to Ionic Industries, so I am constrained on other long shot exploration speculations.
GOVIEX…I am not interested myself, the target is uranium. I only mention it since they just went public and the CEO is Friedland’s son Govind.
KAIZEN EXPLORATION…no position.
CLQ is the best bet by far. Nothing compares.
A year ago but it is worth reading again, slowly.
“June 12, 2017
Ivanhoe Capital welcomes support for a new era of cooperation
with China’s state-owned enterprises on ‘green-development’
initiatives in mining, energy storage and new-age strategic metals
BEIJING, CHINA — Robert M. Friedland, Chairman of Ivanhoe Capital Corporation, said today he welcomes and respects a new pledge of support by the head of a prominent Chinese government agency to encourage China’s state-owned enterprises to work closely with Ivanhoe Capital and its associated companies to help build innovative, resource-efficient and
environmentally-friendly enterprises that can contribute to the advancement of China’s economic transformation.”
We miss things like this because the announcement is not from a public company we follow.
Things seem to be moving along nicely since eleven months ago.
With all the recent dots in place and joining up and major news imminent, I’d say – Things seem to be moving along VERY nicely since eleven months ago!
Makes me wonder just how big this could be in say 2/3 years time??
And to think that really hardly anyone out there is aware of this, outside of here and HC…..
Squirrel…no one has made the connection on vanadium.
I shrink to name a number on the stock price.
There are big waves coming.
Nickel, cobalt.
Then water
Then scandium
Then water gain
Then vanadium
Then God-knows-what-else
I tell you: we will get years of appreciation out of this stock.
Just imagine what happens to valuations when they are in production with higher percentage profits than any other miner.
Holy Mother of Pearl, they don’t even have any sales or profit yet. This is the Uber of Mining. It is the car taking over from the horse and buggy. People don’t see it.
Hang on.