Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The ex-directors did not choose to let their options lapse. Read the RNS: "In accordance with the terms and conditions of the Rules of the Predator Oil & Gas Holdings Plc Unapproved Share Option Scheme dated 7 October 2020, share options granted to former directors as eligible persons have lapsed". They have lost their exercise rights since they are no longer employees - this is normal practice, as anyone would if they have ever been employed at a level where options are granted.
Anti V, Honest answer would you have let them lapse at those exercise prices?
Why would the following ex-employees let their options lapse at these prices ? 🤔🙄
Louis Castro 1,000,000 share options at an exercise price of 5 pence
Dr. Stephen Staley 1,650,000 share options at an exercise price of 5.66 pence
Thomas Evans 2,000,000 share options at an exercise price of 8.125 pence
🚩🚩🚩
GRH. .. .. .. Hydrocarbons migrate upwards
Sometimes with great ENERGY
Folk might wish to consider
How such process works
And what it means for Guercif
Q...Was the 'Michael Caine' post conservative?
A...Off the scale
#PRD
Massive institutional buying going on in the background our resident professional know it alls stated recently.
There has been absolutely no such thing and since challenging anybody to prove me wrong. Nobody has done so 🤷
Couldn't see any evidence of it today's massive 18 trades either 🤭😂
What's going on? Nobody seems to have a clue. Not even the management. Anyone seen the promised photos from PG yet?
Made my day that one!
👏
I now see exactly what he was referring to. @thebold, you just can't f@cking help yer self can you. You have to involve yourself in every topic regardless of whether it was directed at you or not.
My old man used to say "never bring a C@@t with you to the pub, you'll meet one when you get there"
I think you just might be the pub-c@@t of many a local.
Hope that helps.
My father always told me if you have nothing nice to say then don't say anything...bode me well
No one to me, however the foot and mouth dude just posts other peoples words, who did not post them here directly, yes it’s all very Ken Dodd…, Mickey Mouse and Donald Duck….
Thebold
Who is telepathically sending them to you, Ken Dodd?
I see Keith Oz is also telepathically sending his words to you to post here as well ?
Keith.Oz. … .. Anyone who follows #PRD on the lse bulletin board should read this thread. lse is going the way of HotCopper (which is now such crap I do not bother reading it). “ Concerning activity on the Hot Copper forum in Australia.
#WA1 - After an initial run to 6 AUD in the summer of 2023, a user emerges on the Hot Copper forum and starts posting long "technical" essays downplaying the project. The user takes over the forum for the next 2 months. My Twitter post pointing out the potential in the western region of Luni made him go on a crazy attack.
Now, the stock has surged by 250%, surpassing a $1 billion market cap, and significant resources are being uncovered in the western area of the Luni discovery. “
Davwal
The company has the discretion to decide when to release material information. It can gather the info across the testing package and drilling and combine to a single announcement so long as it does not disturb the share price while they are in the process of doing so.
If it looks like info is leaking and questionable trading arises then an earlier release of info/update may be required. Until such time it is at the companies discretion to decide the urgency and impact of news.
Like all listed companies, PRD must inform the market of any material development. As it is currently outwith the terms of the licence and can do nothing operationally in Morocco, the issue of the extension is extremely significant and material. No way has it been issued and that fact withheld from the market. It’s a crazy system when the authorities take over a third of the extension period to sign it off - particularly given the alleged interest on high. I just hope PRD submit the next application immediately upon receipt of this one.
I am fairly relaxed about the agreement. I get the impression that everyone is on board. If they wanted to give to another party it would take them a long time to get to this position as we Pred are unlikely to give away all our information and although well heads are there they would have a close read our RNS's regarding formation damage and my think too risky with further work. We will get agreement when we need it.
Ireland
However i am wondering about Ireland , this is not some backward country who say end of March and mean sometime in the future. This is a democratic and (generally) well run country so when end of March comes and goes there has to be a reason. I accept there are extenuating circumstances in change of leader but that has been and gone and we sttll have same Energy Minister. So if the answer was no "Nothing Doing" we remain as we are would they not have announced it and given us a NO by now middle of April.
Alternative is they have made a decision and if a simple yes it would have been announced in the press by now,
So alternative scenario is we have given the contract (for want of a better word) but depends on us making an agreement with Vermillion and also Vermillion come to an understanding with the Irish government. I think when that is all agreed then we will be informed and the government will announce a release to the press some how saving Ryan from looking a complete idiot. So i am shall we say hopeful and more hopeful as time goes on.
Mind you i could be completely wrong and out by an enormous factor. Who knows i do not.
To me the longer this goes with no news from Ireland the more i feel this is an option and a real one at that.
Maybe findme but if that's the case it shouldn't have took long to get amendment 4 singed off either and it was applied for in January
Highlandmatt : 100% agree and i'm fairly chilled about the current situation , just as and when the Sandjet clears customs I'd like PRD to advise us , until then any other comms would be fairly pointless ( unless your trading PRD then the opposite would apply ). I'm not expecting results to land until around mid to late June ( imo ) & then it could be one big RNS. PRD would not have to release the results from the Sandjet until process of all the wells are complete. Happy days to follow....
We got one last bloody week fella
Porters...
if the King and some of the government officials are well invested as some have suggested it should not take long to get the gear through customs. 🚢💁♂️🫱🏾🫲🏾🚛
acotty.... the nearest you will get to something concrete is when they drill MOU5 and cement the liner in.🤣
With my thanks to BRV, from the recent excellent PRD presentation:
Paul is in Morocco from today:
“I’m out there 15th April for a management meeting and I’ll be on my field trip then, and I’ll send you back some lovely photos of the rain and the wind and the snakes (!)”
We will very soon be "cooking on gas". Well done, Paul, Lonny and team!!
When is amendment 4 being signed off? If it has been
then the smart move would be to let the market know. If not and sandjet is being mobilised from outside Morocco which I think will be the case, then weeks to get through customs. Testing has no chance of happening in April.
Nope. Quite relaxed. They can tell us when there is something concrete to report. e.g. Sandjet has cleared customs and the crew is on way to the site.
Anyone else starting to feel that it would be nice for an update of some sort from the BOD regarding timelines moving forward? We haven't had anything concrete in 2 months.
(cont... 2/2)
The other issue to consider - and I’m thinking very positively here – is that, should upcoming operations proceed successfully, then sometime in H2 this year we may find ourselves the operator of only one project i.e. Cory Moruga. PGVL may well be sold leaving us with non-operator stub equity in Morocco, and Vermilion (presumably) will take over operatorship of Corrib South should the SA be granted (and the other Irish assets require minimal oversight at present).
So I realise that PRD looks like a 2-person team but it’s really (up to) a 5-person team (as required) and a team with significant experience in relevant sectors all of whom I’m sure will be positively contributing to the company’s activities during this busy time.
Finally, a comparison between CHAR and PRD has often been made on various metrics and I feel that the difference in sizes of the respective boards and management teams (and therefore salaries / expenses etc) is also noteworthy. Importantly, I certainly don’t consider that CHAR’s higher head-count has in any way resulted in improved outcomes or adherence to stated time-frames:
https://chariotenergygroup.com/about/board-of-directors/
Others clearly have different views on this and I respect that but, ultimately, this issue, IMO, comes down to trusting Paul’s judgement with regard to him deciding if additional personnel would add value; at this time, he clearly thinks that this would not be in the best interests of the company and shareholders.
All IMO, of course.