Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A lot of the mess has been cleared up albeit the directors have stolen shareholder assets on the cheap
Need to get contracts or can see VC money putting it out of its misery on the cheap £20?
No idea. Not actually that high value (£) in terms of trades though. What do we think the time horizon on this share before we see some real movement?
Quite a drop on no news
Some of the debt paid off which is good.
A decent pay out for B v B but his money kept POS solvent. I remain optimistic about prospects in 2024.
SLB is a big player.....
Far too technical. They need to start giving revenue and earnings targets otherwise they'll just lose investors attention. The stock will just become a conviction investment based on people's belief in Ben and his sales team - perhaps it is that already.
Too technical for me !! I sold yesterday as I fear it will be a long wait given the changing horizons and bespoke nature of the opportunity and because - to be completely frank - I don't understand their business sector well enough (please excuse the pun).
I'll keep watching. Good luck to those who hold.
A very technical but comprehensive explanation ref the deal with SLB. I trust in Ben v B and am willing to give this deal time to produce orders and profits.
An RNS on another order in the next 6 weeks?
Not necessarily a huge contract just more income.
I am now the proud owner (again) of POS and SHI stock. Let's hope my portfolio will be flushed with success!
Https://www.lse.co.uk/news/norway-increases-number-of-new-oil-gas-drilling-permits-including-in-arctic-lckgsx8nac88af8.html
Good long term news for POS because these new licences will require low leak or leak free well heads imo.
Paul talks through the stocks he and Graham Neary reviewed in their Small Caps Value Report (SCVR) that week on Stocko which is based on RNSs issued each day so this is the playlist.
I read the SCVR each day but also listen to Paul's podcast each weekend, with the SCVR open on my laptop, as I like the additional colour he adds.
I also find many of the comments added by other subscribers to the SCVR, a number of whom are professional investors, of high quality and very useful in providing me with investment ideas and pointing out the pros and cons of various stocks.
Thank you. I just joined and still feeling my way around it. Does he ever list out the stock tickers covered in each episode or does one just have to listen rather than cherry pick. I bought more on the good news / dip so very glad to see that the market has now come round to my way of thinking on this deal!
I should say POS is from 10:19 minutes (although I think the rest is well worth a listen. Personally, I listen each week and subscribe to Stocko)
Link for those interested https://podcasts.apple.com/gb/podcast/small-caps-podcast-with-paul-scott/id1642339156
Nice Paul Scott Podcast Update on Plexus Today!
Sense prevailing...
Importantly the market, or small traders are buying. Suspect the major shareholders were not as alarmed about the RNS as were some. In my own case I had not read the RNS fine print and thought it was good news.
B van B was always positive about the oil &gas investments post 2022. It looks as though the momentum is building up, not the time to dive out in my humble opinion. It's the unknown unknowns which worry me here....someone with cheaper goods. But SLB is a large drilling company and by the sound of the tie-up it should benefit Plexus.
Reassuring thanks for posting.
Got in today @ 15p hope this continues moving up.
The wide spread indicates that sellers will not go below 18p and share price being dragged down to get others to sell
Plexus Holdings PLC (AIM:POS) chief executive Ben van Bilderbeek speaks to Thomas Warner after the oil and gas engineering and service business announced a major $5.2mln deal with SLB (formerly Schlumberger).
The deal gives SLB a perpetual royalty free license for POS-GRIP technology and HG® seal technology plus any improvements, enhancements, or derivatives to the technology for surface wellhead production applications for all pressure and size ranges.
Van Bilderbeek emphasises that Plexus has not sold its core assets. Instead, the agreement pertains to a high-volume business area that Plexus does not prioritise. Furthermore the licensing agreement with SLB leaves room for Plexus to supply high-specification wellhead products on a limited basis.
Van Bilderbeek described this as a new dawn for Plexus, highlighting the versatility of its technology in and outside the oil and gas sector. He mentions the company's involvement in subsea wellhead technology, metal-to-metal sealing, and plug-and-abandonment applications, among other areas.
The deal also enables Plexus to retain the intellectual property for bespoke wellhead solutions. The partnership with SLB includes access to SLB's Valves and Trees products, enhancing Plexus's service offerings.
Looking forward, Plexus aims to expand globally, moving into markets in North America, Mexico, the Far East, and potentially the CIS. Van Bilderbeek expresses optimism about this strategic expansion and the potential of the partnership with SLB.
My £6k top uo yesterday now doesn't look quite so bad. Plenty of credibility o the line here but at least there will be good stocko coverage going forward.
HTTps://youtu.be/ohKSytBoswU?si=dWTpWZdWEWQ1jJrs
Plexus interview.
ALSO Paul Scott positive saying share price fall & MC are bonkers
Never top up your position in a share that's dropping. Well I did and so far so good!
Quite simply it is a straight toss up between whether you believe the company holds no latent value beyond the deal it has done with SLB, or whether there is other valuable IP which justified taking an upfront cash boost to avoid further dilution later down the line.
There are a few small clues (but largely unexplained) in the recent RNS which was reputedly "culled" under NDA:
1) The Agreement also includes a non-exclusive licence to SLB for Adjustable Surface Production Wellheads, and HG Trees with the potential to generate royalties for Plexus from such special applications of the POS-GRIP technology.
2) Plexus has the right to continue operating in the sector on a limited basis and to retain ownership of the original IP.
3) Plexus may quote SLB Valves and Trees combined with Plexus wellheads on a project basis, subject to SLB approval.
These are the nuggets which point towards further revenue generation but for now I imagine Paul Scott must be spitting feathers!