Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Well, we don't need a dvd of 'dumb and dumber' or 'dumb and dumberer', I can watch that here, night after night, lol.
Forget all the bad news....let's celebrate the forthcoming nuptuals of Greygeorge and Isengard7. Contributors to the BB might like to suggest wedding presents. I'll start the ball rolling by suggesting a copy of Ovid's Metamorphoses containing the story of Narcissus and Echo.
You should pay more attention. I've called you idiot, clown, amateur, either individually or collectively for months now, did you think you were exempt from the rest of the asog shower for some reason ? Are you special in some way, and therefore exempt ?
Who else has taken money out from the company. Huge difference what was initially asked for.
I think if anything the actions of putting Afren into administration has put real reflection on the depth of the situation. Perhaps that has been the intentions or perhaps that is only a bonus to a process that was going to take place anyway. We all sit in anticipation to find out if our investments are truly lost but knowing deep down we should've not got involved with such a company at any point this year. Administration is of course a major significance to any company and quite often signifies the end of the road however it's worth remembering that companies can come out of administration. Not to provide any false hope and say that's what will happen here but bare in mind that it is possible.
Isengard, for the sake of argument, how much do you think they'd have had to raise from an open offer at that time ? Do you think maybe they did consider it, but nobody would 'underwrite' (ie. buy any and all unalloted shares at close of offer, for a pre-determined price) such an issue ? I don't know if they did or didn't, but do you think there's a small possibility they considered it, but couldn't do it ?
An open offer should've taken place long before April. The public/shareholders were unaware of a lot of things but the BoD had a lot more insight and could've raised far more funds at a far smaller dilution level had only they acted much sooner. Now we're truly in the unknown...
wow jester, yiou really live up to your name, lol. You stated '...your money that's been used to build the company...' So, you bought in at the IPO, did you ? If not, then NONE of your money has gone into 'building the company'.
Interesting, this post from ynot posted just a few days ago. asog have been wrong form start to finish. .........'.......Some Questions to be asked Basically there are some simple questions to be asked. Q Can the BHs survive admin or liquidation? A Universal consensus on both sides is NO or they lose massively. Q Can the BHs prevent admin? A Absolutely YES. They have $1.2 billion at stake. It only needs a tiny injection to solve the problem. Q Can the BHs resolve the problem and get a YES vote? A Absolutely YES. Simply offer an acceptable fair deal and Job done. That deal is financially viable except the BHs dont make such a large profit but they still make plenty, against what they may lose. Q Will the shareholders drive towards liquidation? A Absolutely YES. If the BHs can be more flexible there is a deal to be done. They seem to think they can carry on trying to fool us unto giving up. Not a chance. We are here for the long haul...........' As I said, WRONG from START to FINISH. Negative posting from me ? How about honest posting from me ? I think that's closer to the truth. Or perhaps you have a plan 'x'. LOL. As I said before, the nuclear option was not an option, you chose that route though, and had it come down to it, the bondholders had already built their bunker, way back in June. Hopefully if you or any of your idiot friends turn up on any other board, others will have been forewarned.
I doubt there will be a change if fortune in this. The powers that be have afren where they want it. Utterly scandalous whats gone on here, once they have finished they move on to their next prey..... Sometimes I've wonder what is the point in being a shareholder of a company when in admin you are the last to receive anything yet it also your money thats been used to build the company.
when I bought back in , it was for much smaller amounts than I sold for in March , my plan was to keep averaging up, that never happened .
yes that's correct I sold out then and said so, some people here emailed me and asked for advice, I suggested if they sell ALL Their shares if in any doubt . The risk was severe . Like you I bought back in at 2p, To support ASOG and also I believed that Afren had a real chance to rise from the Ashes . I feel for all those who lost out , I did too. It's not over yet but it will take some change of fortune to save us .
....who is the ultimate beneficiary...be aware Afrenlegalaction Yahoo Com
then of course, on motorways, and rural locations where there's no competition, they'll set what they can get away with. (Now someone will come in and say 'but a lot are independent', and yes they are but if it's shell or bp or esso they still set the wholesale price in their stations or to 'tied' independents).
In my area, (excluding supermarket petrol stations), we have very few BP stations, yet in other areas they are the dominant ones. I think over the years, they've (whether by design or evolution) become quite regional, bp may be the dominant co in one part of the UK, in another, it's mostly shell stations, and so on. I'm sure that's a whole new conversation though, lol.
yeah they do well on refining in this environment. Shell and BP prices at the pump are more competitive as well. sometimes cheaper then Esso.
They also need to replace what they extract, so when oil drops like it has, they have the opportunity to pick up new reserves at a discount. that's when taking on debt can be seen as a positive, I think.
I hope that's not ramping, lol, but I think the likes of bp and shell don't need a boiler room ramper or deramper like me.
Like I said before, don't view debt as a total negative, a lot of companies need it, and use it wisely Shell, BP. etc, when oil price is low, they make it back (somewhat) on refining. When oil price is high, they make it on production, AND on refining, actually I seem to recall, if you listen to them every quarter, whatever the environment they say the market is hard and against them, yet they still make profit and pay dividends, makes you wonder why they bother when it's so hard for them, in good times and bad, lol.
share price has dipped but its not been hit that badly considering. Afren you can't compare them. chalk and cheese. Shell is holding up to the low crude oil price environment.
a company like Shell is better because they are more diversified. they're not a one trick pony. look how much debt they have but they know how to manage it
OH NO !!!! you mean I've been wasting my time trying to talk to lunatics and idiots ? Oh **** !!!! LOL. (Present company excepted, lol).
I don't know anything about the valuations of any of their assets right now. That could be said of any oil company, or mining company for that matter. they all have the same problem, they can survey and estimate a reserve, but until it starts flowing, and they can assess what's coming out day by day, it's an inexact science. Was it gloomy bare once said something like 'how hard is it to suck oil out the ground' ? well, it's quite hard, really. LOL. I don't think any company can accurately assess how much oil any reservoir holds until it's empty. even then, another company will come along and say 'with our new technology, there's another estimated million barrels to be recovered'. Of course, they may be wrong, lol.
also he makes it known that he thinks investor on LSE BB are a bunch of lunatics or bunch of idiots.
lol i think so. i think they only hate him cos they're gutted when they realise their in a crap stock. and then you get anger and denial phases that come from that. But from my view sometimes you have to admit to yourself when you get it wrong. I certainly got it wrong with Afren. looking back on it I think i did get caught up in the hype and lost my marbles throwing so much into it. But only a few companies that he despises. Afren and Quindell being the main ones. At least I didn't invest in Quendell lol Started following and reading his stuff recently. and he's right about debt being crack for CEOs. or in this case Bond finance was crack for Afren BoD. podcast on the lesson of Afren. http://www.shareprophets.com/views/13964/tom-winnifrith-bearcast-1-august-the-lesson-of-afren-executive-greed