Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The lower it drops the harder the bounce
Tower Resources 200% in a short space of time
Global will follow
We know how it can move on a small float and a small £5m value
Tower Resources another Namibian explorer done a quick 100% in a week
I must admit was never convinced by his tweets as he just repeated the same comments over and over again with no substance
His comments about no shares available and can sell quantity over the bid did not concur with information from my broker at the time and failed to suck in the buyers and appears now to be getting out
I’m sure it would require an TR-1 if he had sold any shares, considering he has 34m of these babies ( £170k) . The bottom line is that the fundamentals haven’t changed but his circumstances may have.
On a brighter note there was a delayed 5.9m shares purchased from Friday.
Afzal was tweeting very positively about GBP on Friday. Why do you think he would change over the weekend (I have seen tweets about his health)
He didn’t state he wasn’t selling up just a change in portfolio so even with bad health which surely he knew about Friday I would expect him to be pulling out of a number of shares and prices sadly to crash
Did you see his tweet? Health should always come before wealth. I wish him a speedy recovery
Looks as though afzal valli selling up
Good share.
It appears that Valaris DS-10 is scheduled for Shells PEL39 also scheduled for Q4’2021.
A successful drill from either Total or Shell will add several zeros on the GBP company value. Should that happen I can imagine a prompt for sale sign will be stuck on PEL94
Total's Namibian drill - a poster on another chat page has kindly posted an update on the Maersk Voyager. Total have used 1 of their 2 well options and has just started drilling in Block 48 Angola this month. It is estimated that the drill will last 54 days, this means that it should arrive on Total's Namibian Block in December 2021.
We are week's away from Namibian offshore drilling, "Exciting Times" indeed !
GLA
The more I am reading about orange basin, Shell and Totals upcoming drills the more excited I am getting for GBP.
All eyes are on both Total and Shell, should they prove oil can be successfully extracted, the value of orange basin will rocket.
Total have employed Maersk Voyager to carry out the drilling on Venus well once it is done in Angola.
Both Shell and Total have partnered with Qatar Petroleum.
Drilling is expected to take place any time now. 2022 is going to be an exciting year.
I take that back, it’s not specific as to whether it will be used for an acquisition,
“ The Placing will position the Company to part-fund the new licence commitments, as well as provide general working capital, including the possible pursuit of other strategic options, as previously communicated.”
Not necessarily, it states in the RNS that it was raised to fund the drilling.
There is absolutely no announcement from the company regarding an acquisition
We do not want an acquisition we want a sale of the company and money returned to long suffering shareholders like myself
Cash was raised while it was funded normally ends with a new acquisition
Hey Jackie1, you mentioned this previously, what do you have to support this?
Feeling very positive on Global now
Mad rush to pick up
Without the seller now
Something is in progress
Money was raised for new acquisition
In addition, as previously announced, the Company will continue to explore all strategic alternatives in order to maximise shareholder value
never ceases to amaze me what tosh people believe
I’m a believer of market maker codes and signals.
Earlier today there was a 1 and a 911 stock trade.
1 - RNS Logged
911 - Pending News/Press Release On The Way
Tomorrow will tell
The share price is waking up get on board
By Christmas that’s the prediction
Easy two bags by Christmas
Previously mentions there was a advfn post re new acquisition using the cash balance but the post was removed
Something could be happening ?
Indeed GBP does seem rather cheap/undervalued to me in comparison to peers & considering the below:
- Cash position vs mcap ~£2m vs ~£4m
- Threefold increase of prospective resources to 2,284 million barrels of oil net to Global (from most recent RNS)
- Farm out process initiated and ongoing (From RNS)
- Brent flying @ $85 a barrel
- Risked NAV of $25.5m and Unrisked NAV of $244.1m (Jan 21 - Source Panmure)
- Significantly higher net resources (mm bbl) than many pure exploration peers at a lower Mcap.
I have been adding a few decent chunks over the past few days as feel this is due a strong move once the block seller is done.
*Please do your own research, this is NOT financial advice. Thank you and GLA.