Clean TeQ Holdings Limited (ASX: CLQ) Plunges on ASX!

Clean TeQ Holdings Limited (ASX: CLQ) saw a stock price fall of over 12% on June 25, 2018, while the market expected a better update from the Sunrise Project. Particularly, the DFS confirmed the Project’s potential to become a globally significant supplier of nickel sulphate and cobalt sulphate – critical raw materials required to support the development of the rapidly emerging electric vehicle industry.

Clean TeQ’s vision is to empower the clean revolution by applying their proprietary technologies to find better ways to solve the planet’s most pressing environmental problems. Completion of the DFS is an important milestone in the development of Clean TeQ Sunrise, one of the largest greenfield mine development projects in Australia. Utilizing Clean TeQ’s proprietary Clean-iX® processing technology, the Project has been consciously designed to balance economic returns with industry-leading approaches to the management of occupational health and safety, water use, power consumption and emissions.

The Clean TeQ Sunrise Project is expected to create hundreds of direct and indirect jobs in regional NSW through the construction and operations phase. It has the potential to provide tremendous economic and social benefits to the local communities in the Shires of Lachlan, Forbes, Parkes and surrounding areas. Over an estimated mine life of more than 40 years, the Project is expected to deliver substantial financial benefits to local, regional and national stakeholders through taxes, royalties, council rates, upgrades to local infrastructure, community enhancement contributions and other local community initiatives. As per the update, the project is slated for a post-tax net present value of about US$1.392 billion and an internal rate of return of 19.1%.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s