Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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L2 looking fantastic
Buyers of SQZ at this level are taking a long term view and building a position. Good news for a steady and continued rise over coming years...;o))
Zedy what are you tallking about price ppredictions pointless? Of course they're not. We each have our own predictions and will review from time to time when certain circumstances have crystallised. When the vagaries of the market are out of kilter with our own predictions we may choose to sell because either the market is valuing substantially higher then ones own value hence take a profit, expecting it to rebase more back in line with ones own predictions or, if the market does not 'recognise' the 'value' one attributes, then sell, to place elsewhere and hopefully there is more chance of achieving profits? If yiu have no bar ti ckmoare hiw the market values when do decide to sell or buy, lol!
I think selling has dried up now
I think the fact there wasn't a significant re-trace after the re-rate is a great sign. Suggests mid to long-term investor's on board. The day traders are long gone. GLA
The closing of the deal mid '18 is just a formality IMO, unless an 'unknown' unknown strikes! And TCW's comments in the Chairmans Statement certainly suggest that the dealmaking is not yet over! "We felt that a significant transaction would also have the added benefit of creating increased financing capacity and scale, thereby boosting the range of new opportunities open to us"
Agree mate. Any once BKR has bedded in I expect more BP assets to be acquired
What ever your projections/expectations, I think everyone agrees that even at this entry level, there is plenty of money to be made over the next 12 months...;o))
This deal will happen. Remember BP are a major shareholder here. With current oil and gas prices Sqz will have around $100m cash by year end...
Price predictions absolutely pointless. Even the so called experts very rarely call them correct. What matters is how much the cash pile grows to by year end and what the board will do with it. My only issue is in order to grow into multi billion pound co, eventually debt will have to be taken on. GLA
Agree that's why I'm coming in at £1.4 at end of year if everything falls into to place and the stars are aligned and....
Check your figures guys. This IS good, but bear in mind that SQZ 'only' get 40% of the BKR production this year, 50% the year after and then 60%, before we get it all. BP gets the rest, so talk of 21,000 bopd is misleading....
I expect ups and downs along the way but over 12months I am guessing the sp will re-rate at some point. May take an RNS or two to jolt things along but the return should beat an ISA % !!...;o)))
I'd be (very, (ecstatic)) happy with pe of 6-7!!
Guys totally agree but the deal still has to go through etc so whilst I have every confidence it will the 'market'will still apply some transactional risk yo thus. For what it's worth (lol!) I would expect the share price to be around 1.1 to 1.15 if we get a positive operations report with good clear look aheads which will give the 'market' a chance to better value the company. Then hopefully we have Columbus (wouldn't it be great if they had acquired more interest plus fid?) Then further confirmation about Row etc. with a firm well date etc. ?!
dunderhead the 2018 projected EPS 0.32 up from 0.053 in 2017. Use a P/E ratio of 12, 264m shares in issue, add in the cash pile and you do the maths...;o))
Market cap of 232 million for over 21,000 boepd is just too cheap, I can’t find anything Low as this one
Agree though there is only one direction thus share price is headed exceot for the odd blips when people take profits.
27p a month?! Where do you get that from?
Over the current year assuming the BKR deal does through the SP should rise an average of 27p per month based on future earnings projections. Nothing in that price for Rowallan or Namibia or another asset purchase. IMO there is only one way the SP is going...;o)))
...like a rocket...;o)) Investors will keep accumulating IMO. Time will tell.