Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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You're far too clever for the likes of me! And obviously lack a sense of humour. It's a binary bet. I'm in.
Beardozer, I don’t think you understand the concept of sites like this !!!
I have no doubt there are other people like myself on here who have a decision to make in the next few days ..
whether to stick or fold ?
Whether to grab a tax loss now or lose it for a decade ?
To calculate the chances of legal success?
That’s the point of these sites, to put forward different views. You don’t have to read them if it upsets you .
You think there is 99% sure of success
The legitimate point I am making is that the market and legal funders ,for that matter , obviously don’t share your view .
Barryroe management were sloppy. They turned down an offer from logp for reverse takeover which would have had Ryan facing a possible legal bill of €1b instead of €100m
More importantly, they didn’t cross all their t’s . They should have implemented some financial engineering to satisfy the net tangible asset requirement. They did not and gave Ryan the opportunity he wanted .
A scenario like the following could easily arise in the next year or do :
Eog agrees farm out with vermillion and minister has to make his decision on licence to drill.
If he turns its down , brilliant news for logp as vermillion easily pass the net tangible rule.
But if the minister permits the licence, what then for logp legal case ??
99% sure !!!
Blimey Flombo10, as my old Dad used to say: "If you have nothing pleasant to say, say nothing at all!"
By this stage in the proceedings I think everyone's positions are where they will remain - GLA!
The Market is very often an ass!
And I'm 99% sure LOGP will win their case - the fly in the ointment is the amount of compensation.
Firstly, Swizz, I admire your optimism
But I don’t know what you mean by “ winds of chance” I have seen no change at all in the political environment re oil . For natural gas ,yes but oil ,none.
Anyway, I can’t share your optimism anymore and nor it seems does the market .
Even the ability to lock in value after next week had not tempted any larger share purchases because I think
1. the winning of the case is not a sure fire thing ( esp with decisions ,for example, on Europa oil and gas probably coming in the next year or so )
2. No legal funding yet after 9 months
3. plus need for ongoing financing to keep the fires on .
Maybe at a late stage next week,somebody might try to buy big chunks of it but then again, why , when they can just wait for another 6 months .
Swizz, if you have more concrete reasons for your optimism ,would love to hear them.
11 years ago and I sense the next time it flows will be a lot sooner!, stay strong everyone, the economics of this project will ensure it becomes a reality in my opinion and the winds of change are on the horizon,..GL S
https://youtu.be/nkVvmyCiFu4?si=87rWFmjKNm9cvi10
Trading stops on 21 March 2023(at which point, the register of shareholders in the event of a compensation payout will be set). Some have said there will be a secondary trading window somewhere but that seems unlikely - you'd have to believe BOE will somehow reactivate and/or LOGP is readmitted to the aim. Looks unlikely. I think anyone who stays in now will be in for the long haul. It's a long term punt that is taken out of your hands insofar as you can't decide in 6 months, 'Oh, I'd like to cash in my LOGP shares now'. Might be a stampede for the door next week or who knows, maybe some gamey lad or lady will hoover up all that's going before the watershed.....
Hello there Swizz. Hope all well with you. Very happy to see that there is still some integrity around. The fact that existing shareholders will be protected according the CEO is testament to this. Sad that another Gentleman with the power to show some decency toward the long term shareholders of BOE behaved diffently. As they say ^ Much wants More ^. Anyway will hold and keep my fingers crossed. I hope that we get something back and I am sure that many small shareholders would like to thank the CEO for his integrity. GLA
Ironic.
How did this guy end up with so much power.
The people did not vote for him.
The only energy and transport transport decisions he should be making is deciding how to fix his bike dynamo.
Ireland has begun counting votes after a double referendum on proposals to modernise constitutional references to relationships, family and women. Early tallies showed a strong support for No votes, signalling an embarrassing defeat for the government.
Eamon Ryan, the transport minister, conceded that the government had lost. When it was put to him that the government did not get the result it wanted, he said: "No we didn’t. But you have to respect the voice of the people. "
Quite!
Well, after nearly two decades of investing there never has been an odder proposition. It is one for the patient and stone mad (joke, for the woke).
Clearly Methane is the primary transition fuel, particularly in the context of Ireland where fuel oil, coal (Moneypoint, households), peat and LPG use is commonplace. The import of oil which could have easily been provided for by the Celtic Sea has been ignored. The Greens and Sinn Fein prefer Middle Eastern hydrocarbons evidently.
So, do the numbers for yourselves. What is the probability of ECT success? What could be the award after costs? What therefore is a rational sp at the close before suspension?
Make of the above what you will.
A company that looks after its long-suffering shareholders - what a surprise! Up another 100% on Monday as punters realise it's almost a one-way bet?
Shareholders, myself included, had enquired of the company on their intentions regarding potential restructuring of the company and how that would impact distribution of any award as a result of the arbitration. This RNS allays those fears. Its basically says 'stay with us till suspension and you will get whats owed regardless of what happens after that'. For the company to say this I am fairly sure they must have a good idea what is on the table regarding ECT funding and post suspension offers and that they are very confident of success.
He has ruled out any dirty deal with LG. LG will get it, even if you don’t. It is even possible that this is in effect a public rebuff to ouvertures from that quarter.
The company will delist in 9 working days. Boldy just said, we'll keep a list of shareholders and pay out on the basis of that shareholder list if the ECT is successful. Why did everyone get so excited?
Thanks, Swizz. Would be much sppreciated by us all.
I wouldn’t be surprised to some consideration for Vevan to reverse their BOE interests into LOGP, with the restructuring ensuring the existing Lansdowne holders are not disadvantaged by the equity distribution, I will look to add some more details on this early next week, ..GL S
Smaller projects more likely to get a higher percentage of their claims than the big billions of EUR one's, so a good chance of Lansdowne getting a decent (20 percent or more) of it's claim.
Check out the payout stats for the charter treaty. Look at the fossil fuels bottom left. I did and took a small gamble of 2 grand based on the risk/reward.
https://www.energychartertreaty.org/fileadmin/_processed_/6/5/csm_Distribution_of_Cases_by_Energy_Sources_-_1_December_2023_a833c672a3.jpg
That is from:
https://www.energychartertreaty.org/cases/statistics/
Given that Dr Boldy has indicated that the litigation could equate to sp multiples a heavy placing may seem somewhat dubious.
Bit of an AIM nerd rulebook jobby!
That is the truest word Makeabundle
That is what I mean by having his feet on the ground instead of his head in the clouds. He is one of us. A CEO you can trust and one who should have been in charge of Barryroe from the beginning.
You just appear on every riser then vanish
Top of the riser now
"huge risk you may not see your money again" - yet your name 'EarlofAim' - lol gotta laugh at that.
GL SR
21 March Suspension
huge risk you may not see your money again