Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Belongs to us as shareholders anyway so I would like some of it in my pocket let us not forget that
Why would a company that has almost half of its value in cash on hand and is turning over a break even not distribute cash in hand as dividends?
20 million dollars or 25 million would make a lot of sense in November or December especially if they have any confidence that the oil will flow soon
ValueS,
Let's repair the Balance Sheet first.
Put ourselves on the front foot again.
We took a lot of money in dividends when capital redistributions were on offer.
Let's dig in and hold (or sell, or buy!!).
In any case, now's not the time for any more redistributions of capital, surely?
Weathervane, 1382 posts and every single one dissing GKP, have u got a chip on your shoulder? lol
Filtered.
A redistribution of $25 m would really be a sensible idea (if not a must) if GKP can achieve a positive monthly cashflow of at least $2 m.
I personally prefer a buyback (for cancelation). With current SP roughly 10% higher than the OO price but the £/$ is about 10% lower than it was in 2016, it makes a perfect match with the OO equity issued in 2016!
A dividend, of course, would be equally good if it gets re-invested by the recipients.
Best Regards ValueS
This is not an Aim stock it’s a 250
Do what many did years ago, and rid yourself of this going nowhere company.
at this price the dividend yield is 68%.
people say the market is never wrong but for that to be true you have to have the right calibre of investors who won't panic. this maybe a contrary view but i think the majority of shares are being held by private investors and their ****ting the bed has led to the huge drop in the share price. i'm not complaining as i now hold a reasonable amount of shares.
the key thing for me is that there has been no selling by the institutional investors as if there had been then they would have to notify the market. my understanding is that any increase or decrease which goes over or under a % needs to be reported.
prior to the pipeline being closed gkp was trading around the £3 mark which is ridiculous when you consider it was producing 50k bopd. this was mainly down to the fact that although gkp have a legal contract with the kurds, the iraq government believes it should have a say. the friction has kept large iis away from gkp.
what people need to bear in mind is that the court did not say the contracts were illegal but the fact that turkey had no right allowing kurdistan oil to flow through the pipeline without agreement from iraq government. the impasse between turkey and iraq has led to the pipeline closing and the position we find ourselves in. to be clear the uk courts have already rules that the contracts are legal.
now, this isn't great news for gkp at the moment but stop thinking short term and look at the bigger picture.
if and it is a big if iraq and turkey can come to an agreement and iraq and gkp can come to an agreement on the contracts even if it does mean giving a slightly bigger slice to iraq then what do you think will mean to this share price. the previous £3 will be peanuts to what gkp could be worth.
for me the big rewards are well worth the risk. at current price market cap is £200m. iraq will not be want to be seen as a pariah in the financial world so worst case they may buy gkp and pay us £250m to avoid any length legal battles.
as usual on aim put in only what you can lose as in this wild west people actually do lose all of it on a regular basis lol
atb and dyor
The only reason anybody would do that would be if we were in debt we have no debt
That would make absolutely zero sense when they have 80 million dollars and local sales are successful and what would they fundraise for anyway
Why would they need a fundraise??, they are not spending any large CAPEX, in fact costs are being reduced, and current sales are more than adequate to cover overheads,
the only reason BOD would raise money is to pay themeselves their full wage entitlement, imo or Pay out Dividends??, but that would not make sense
There’s no smoke without fire and them hinting at external financing basically is saying that a fundraise is coming.
Sitting in limbo from 165 to 90p and now what?
I think 90p is too low if local sales are consistent, yet we need regular updates to that effect.
The board are not doing well in my opinion. They should map a clear series of pictures, including how to reinstate a small dividend if consistent local sales continue.
This company sits on 80 million dollars dead cash. If local sales cover costs that's 4 years of a current 10 percent dividend to show confidence.
That would bring the share price up to 1.50 bybpsy out.
And why not? If sales do not continue you can hold it back, or simply distribute it all and go bankrupt.
Pisxxng it away in a bank through an inflation cycle is pointless.
While the oil pipe line is shut in, and like to see a couple of the oil companies Consolidating into a larger Company,
Strip out a large chunk of overheads,
GKP-GENEL, would fit nicely together, imo on a 50/50 basis?
there would be lots going for it, imo
Any one got details on top 20 owners February compared to now
Of their public fund holdings
"I think these are only the (American) institutions that are required to report to the SEC."
Any hedge fund with operations within the US (which is almost every large one Lansdowne included) is required to report a 13F in their public funds.
Very amusing...nothing like a properly orchestrated self-flagellation to get the blood flowing again!!!
Good chat.
That's easy to answer Straycat, like any LTH, I'm completely useless in judging how this will play out, it has been mistake after mistake in line with the never ending trouble and strife that is the Middle East. Investing there being the biggest of which.
JH seems to be doing a good and most prudent job. He seemed, at least, calm during the recent presentation. Like you, I guess the oil will flow at some stage, at what stage I really don't know, as the one thing I did predict correctly at the time the taps were turned off, amongst so many desperate voices it was just a temporary blip, was that it would not be.
That's because of the Geo-politics part you don't want to discuss. Fair enough.
Now, I'm going back to my morning flagellation of 50 kicks for not exiting at £3.10. One way or another, that won't happen again.
hi c0ckeye,
so missed, so loved (but not in a *** way!).
so how do you read the future trajectory for gkp?
you've been around the block and seen all this before in gkp's history, by which i mean the excitement surrounding gkp's extraordinary and sometimes traumatic history.
don't want to engage in geopolitical theory. dull.
interested in your thoughts on the current business platform. and how you reckon it will play out.
'This could be resolved quickly, but there’s a real chance it could blow up into something much bigger. Where would that leave GKP I don’t know.'
The oil flowed a plenty for years when there was a constant threat of conflict between the Pesh and the Iraqi army, and in fact did result in numerous flashpoints. It concentrated minds.
Attempting to allow things to be run cordially, formally and legally has tied everything up in a knot at the hands of unhinged over zealous 'judges' in Baghdad.
This most stale of stalemates might just need shaking up a bit.
Yes its getting very tense out there, i dont think a civil war is coming , though quite few are stirring it up, the situation needs resolving before it boils over!!!!!
Yes the complexity of the Kurd situation can not be over stated. The kurds agreed to make sakes through Baghdad for a proportion of the Iraqi budget. The Iraqi Supreme Court ruled that payments from Baghdad is illegal. Oil has stopped flowing so the kurds can’t get money that way. Both Iran and Turkey are carrying out drone strikes in northern Iraqs Kurdish region. Now we’ve got protests on the disputed kurd/iraq boarder.
This could be resolved quickly, but there’s a real chance it could blow up into something much bigger. Where would that leave GKP I don’t know.
Don’t say I didn’t warn you
Talks are happening behind the scene, should have an update very soon. Lots of PI’s will get caught out, when the SP opens at 150p then onto 200p +
Bargain price currently, don’t get left behind