Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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What happens to the sp is the question I want answered? If no oil is found is the company finished? Because I don’t see what else is available
My understanding is that Monecor Ltd is a spread betting company.
As a fellow EUA’r you probably recall some of the institutes and private investors exercising warrants after we ballooned from being suspended back in 2019.
As always, dyor and all the best
JSP this solely my view, a lenders primary objective is ensuring they get their money back (with profit or interest if possible).
Monecor (joint broken but acted as sole broker) have two reasons to sell out:
1. GBP raised £1m by placing 200 million shares at .5p, anything Monecor sell above this price is marginal profit. Most of the large trades have been sold out into the spikes all the way upto .65. Would explain why we keep falling back to .5 and hardly below. Even if Monecor break even they have gained because of the point below.
2. The cherry on the cake for Monecor is that they can excercise 100m warrants within 2 years at a price of 1p each. That means should things take off and venus or pel39 gushes oil, we modestly 10 bag (5pps), they can instantly convert £1m and it’ll be worth £5m at the current market value. I’ll let you do the maths if our PPS is hypothetically higher.
Who knows, II's have strategies they stick to may feel over exposed in this sector. I believe Monecor areselling down other positions too.
The good thing is they sold 30 million to Dubai's Imperial brand last month and with some large rounded sells since then I don't think they'll have too many left.
why would "they" be selling if it's going up to 1.5p?
I'm not convinced seller fully done yet, expecting to see a few delayed sells pop up this week.
Don't think they'll have too many left though and good to see it rising today.
Haven’t seen the regular rounded off sells for a few days
How do you know seller cleared?
What’s not to like now seller cleared, rig in Namibia in few days
Early entry under 0.60 you can’t lose out
A rerate to minimum 1.50 January price
Moving with any trades
Delayed ones will be logged on after market
With the drill rig now confirmed in Namibia on the 19th for the 2bn barrel Venus well
Its all coming to life again with a nice large buyer but IG has no stock at full ask, its all at a premium 0.57
https://www.shiplocation.com/vessels/MAERSK-VOYAGER/CURRENT-POSITION/9633575
500k @ 565 now paid
Low on stock and no seller
Buys of 500k over offer now @ 5559
Working with the French company at Venus is Impact Oil & Gas. The company’s Phil Birch said he was “incredibly confident” on the well, predicting it could hold 1.5-2 billion barrels.
Shell is also warming up to return to frontier drilling. The company’s exploration manager for Africa, Ben Mee, said it will drill the Graff-1 off Namibia this year. The company is also playing an important role in the Jaca-1, off Sao Tome & Principe, although Galp is the operator.
“These could be transformational for Namibia and Sao Tome and potential new heartlands for Shell.”
Defo block buying going on which is good to see.
Things gonna get very interesting very soon here once we get close to these drills!
This could finish on the top risers today
Eyes on the buyer
block buyer indeed
Hungry buyer
Venus well drill rig just a few days away from lactation
GBP buyers piling in
The current position of MAERSK VOYAGER is at West Africa (coordinates 7.03527 S / 11.27521 E) reported 48 days ago by AIS. The vessel is en route to the port of Walvis Bay, Namibia, sailing at a speed of 0.2 knots and expected to arrive there on Nov 19, 16:00.
The vessel MAERSK VOYAGER (IMO: 9633575, MMSI 566936000) is a Drilling Ship built in 2015 (6 years old) and currently sailing under the flag of Singapore.
its the jv that will multibag this
Geowiz - Where do you get that idea from that I don't trade GBP? In fact I sold my SIPP holdings earlier this month and then repurchased at a lower price a week ago. My investment strategy on oil explorers is to top slice to create "free shares" for the well results.
Have you now actually purchased GBP shares?
Investoroil you do realise that everyone other than yourself trades in and out at this end of the market.
You loyalty is misplaced. Question is are you waiting for the well results or cashing in on spud?
Maersk Voyager expected in Namibia on the 19th to drill Venus Well
https://www.shiplocation.com/vessels/MAERSK-VOYAGER/CURRENT-POSITION/9633575