Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I don't normally respond to juveniles on social media but.....
They've had 7 years to think about it....but as the Eurovision song winner goes "What's another year" LOL
What will you do assjunkie when sle look into you?.....gunna happen.x
You certainly have a problem here non holder in the co and oisin fanning..your loss must have been huge assjunkie .x
However, courts will not usually list anything but substantive actions.' usual nonsense from Junkie who as per in his rush to diss san leon fails to engage his little grey cells and spouts garbage. the obvious point he misses is that anyway can start and pursue legal proceedings to trial and appeals. if courts had the power to decide which cases got listed and which didn't that would be predjucial. that's exactly what happens in countries which don't have rule of law like Russia and China. that's all :-)
ELI is heavily indebted and requires an immediate injection of capital in order to meet certain court sanctioned obligations to its main contractor for the pipeline construction (which have not been complied with by ELI). Without the further US$37 million loan from San Leon, the Board believes that ELI would be unable to pursue its strategy and, in particular, would have failed to secure customers for its pipeline. This would inevitably have been highly detrimental to the value of San Leon’s investment in ELI. In addition, the Board believes that, due to ELI’s severe financial difficulties, without the US$37 million loan from San Leon, ELI may be required to take steps to protect the interests of its creditors. The Board anticipates that part of the US$37 million loan will be applied by San Leon settling ELI’s creditors directly.
The purchase of Ocean Pearl’s shareholding is likewise significant as it takes San Leon’s shareholding in ELI to approximately 55 per cent. in aggregate. As the majority shareholder, San Leon is now able to exert control over ELI’s strategy and management and this is an important factor in TRAM’s decision to make the Investment. Of most importance is the conclusion of the pipeline construction by ELI which San Leon will now be directly overseeing.
All hot air by the trolls try as they do making assumptions on the hot air they post. Imo wind up order like SunTrust won't happen,trolls love this to happen as they have a problem with sle and management plus don't give a sheight about shareholders, wonder if they will still be around here when sle release the big news their working towards.
Billgreen i didn't intend anything by my use of 'imagine' but i hope between me and redeyemines we've answered your question. you will have noted the trolls carry on ignoring these perfectly satisfactory answers.
I might be wrong as one would expect a services contract would be with Eli Malta, not San Leon Eli.
Equally I'm sure that San Leons contract to buy Ocean's shares would have been littered with caveats regarding obtaining funding.
As usual, shareholders are in the dark.
However, courts will not usually list anything but substantive actions.
CJ - I like your other explanation you've done some work and posted well on Eli and Malta in the past you could be right?
----ELI LTD
It's being assumed here that the winding up petition relates to a failure of San Leon to purchase the shares in Eli from Ocean Pearl.
There may be another explanation.
I'm assuming that Ocean Pearl is not only a shareholder but provided services to the ACOES. We know from SLE that Eli is broke, so the petition could well relate to unpaid bills. Furthermore is it coincidence that the famed 'mother ship' is called the MT Sea Pearl and received 5 barge loads for onward delivery to the Eli Okaso months ago. Naming coincidence? An internet trawl has failed to identify the Sea Pearl's registered owner.
I didn't imagine anything, I just raised a question
Seems like people are deliberately getting their knickers in twist, just to create a stink.
-For a start off, this is ELI ltd --a subsidiary---Not ELI.
-It has agreed to sell share to SLE --but---those shares are pledged to G.T.Bank as part of a deal that has nothing to do with SLE----unfortunately G.T.Bank will not release those shares, so SLE cannot buy them.---- On this basis the petition to wind up, will be rejected by the court.
-All in all its a storm in another tea cup, and has no effect on the completing of the pipe and FSO, which will complete once SLE finalises its finance package, and creditors are paid up to date.
Done just read and weep BS.
Hi bilgreen, this isn't the biggy you seem to imagine. it's the second time they have tried but the need approval of their bank Gtb to whom their shares are pledged and have not been able to get it. moreover i understand that san leon don't owe them a penny. meanwhile the trolls will have another meaningless moment with this only to have their hopes of Amargedon for the company dashed yet again. over a few years they have been prophesying the end of san leon and here they still are. quite remarkable don't you think?
Https://www.datocapital.mt/executives/Ocean-Pearl-Maritime-Sa.html
Case Information
Case Number
CR-2024-002000
Court/List
Companies
Petition - Winding Up Petition
Inferred Case Status
Active
Last case activity: 04 Apr 2024
Parties & Representatives
Timeline 1
Company
1. San Leon ELI Limited Litigant in Person
Petitioner
1. Ocean Pearl Maritime SA Addleshaw Goddard
Alaric/Sammy - Come on now, at last this is your chance to make a name for yourself - please explain this away!
A winding up petition was issued in London High Court today against San Leon ELI Limited by Ocean Pearl Maritime SA represented by Addleshaw Goddard. What does that mean?
https://caseboard.io/cases/d2aff39c-486a-451b-91a0-8d6fe953827e
Very old news indeed BS. and incorrect as Eroton weren't sacked. this was a neat solution to quite a long running between the parties to the JOA. how typical of this troll to attempt to continue a dissisumation, which had long run out of steam. readers may remember he had originally insinuated that losing the operatorship meant forfeiting their interest in this licence.
Ref the last post - note the original article was written one year ago - interestingly maybe is that I remember OF "boasting" that he was aware and/or had some involvement in the accounts of Eroton for our benefit of course - makes one wonder?
Interesting read while we wait?
https://leadership.ng/oml-18-nnpcl-sacks-eroton-appoints-eighteen-operating-ltd-as-operator/#:~:text=The%20Nigerian%20National%20Petroleum%20Company,EROTON%20Exploration%20and%20Production%20Limited
You are the Afool, looking at your history you haven't been here 10 years unless you're afake and someone who got banned. Sle past history on shale as it seems was good but it was the cost to drill etc and the time authorities took to give permission for such works that killed Poland off ..today sle have a nice% of oml18 for nothing as all monies lent have been paid back, they are owed loads yes but that is taken care of if the deals sle are managing don't come to fruition which I think they will, sle have bought their own shares back plus given a great dividend, they are now in a transition period which if it all works out will benefit all shareholders .....trolls like Afool Ajunkie are not shareholders but have a vendetta against sle and management......bs instead of complaining here ring sle ,speak to them see if they are not busy if you can see them in person. Xx
Maybe you would have reduced your holding if you could have?
I was an investor here for some time but got out after a while at a considerable loss