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.
I had the same thought today...down 5c in Toronto...and we are waiting for a RNS which they often release on Thursday's.
Somebody just sold @0.84 CAD. Makes you wonder if the last moron is born yet - or if we have "funny" news tomorrow.
I'm not sure it needs to take so much time to do perforations and get results with a new choke.
Wcgw, From the historic highs of ca 175p (based on pure speculation), the sp dropped to 90p in 2021, 88p in 2022, 66p last year and now languishes around 50p. When you consider that the last 12 months have seen first gas from Cascadura, the drilling of additional production wells in that discovery and, inter alia, the renewal of an increased term loan, providing the company with funding for the next 12 months and beyond, it is somewhat mystifying as to why the sp/market cap is so low, albeit the the lack of major investment houses is contributing to this situation.
A year ago we were 66 and now 50ish! Difference now is more certainty and revenues up >33% Q4.
Stay strong all! Good news imminent
Regards to all I welcome all points ,I'm very strong here .
Gl all
Ss, I would argue that 3-4 years waiting is one definition of patience but acknowledge that we are in abetter place now than ever before.
This wall of cash statement has been banded about like a sex workers kmickers .
PB was over buoyant for sure Now he appears very reluctant to estimate the size of Cass 2. yet still finds himself criticised 😔
Royston / coupled with the puting in place all the infrastructure to take up to 40 bcf( I wonder why) is the reason the SP is where it is not anything else.
Herd is elsewhere while we're simply ramping up production.
So many peeps get inpatient before news an move to pastures new only to miss out .
PB said himself he does.not want mislead the market
Surely no one really seriously believes the reason we've not been informed , is because the drill bit broke at Cass 3 .
& The larger s Choke over at Deep wasn't actually needed .
Cusp of re rate coming ....
Alligator, a very good post. Let's hope PB really has learnt that it's not helpful to issue statements such as 'wall of cash' and was it regarding Royston he said something like it was the best he'd seen in 30 years (I might have this wrong?). Just play nicely, state the factual and don't make statements that end up looking a bit daft. Simples.....
Photo, Agree with much of what you posted. PB does appear to have become more cautious about what he says to the market, given his verbal disasters of the past. However, we all know that in the investment world "no news is generally not good news" which gives me a slight shiver on what is happening at the drill platform. Of course, I hope I am wrong and the rest of this year and next are when all our patience finally pays off. That said, this is what posters have been posting for several years which just leaves a crumb of doubt about progress.
As for PB not having any control over the sp, I would comment that TXP's interaction with the MMs and the IIs over the years has been both limited and amateur to say the least and could have been developed far more professionally. That is one of the prime reasons why the sp is where it is, there is simply a lack of large shareholders to exert big ticket trading. Notwithstanding, it cannot be long before TXP emerges on the radar screens of the herd which should be good news.
I'm not sure that it’s fair to say PB doesn't care? I don't know the man but I think he cares very much about the SP, after all, he has a lot of shares himself.
I don't know the first thing about running a gas company but I imagine it's a very complicated beast. Way more complicated than taking photographs I would guess, although bridesmaids and their eyelashes can be tricky at times 😂
I say give the man credit. 2021 through to 2023 I wasn't a big fan of PB due to missed timelines. I’ve been vocal about this. However, we are where we are, and PB and the wider TXP team have got us to this point, for that, I personally applaud the man. The SP is still pants, but it's not like PB has any control over that.
Ah well, we are all entitled to our own opinions, not sure anybody is 100% correct or incorrect?
Sturm I wouldn't say PB doesn't " Care "otherwise he wouldn't use up his time doing the podcasts .
It's not.like he's running a beauticians ??
Dilution back in 2023 is behind us, that's one of the great things here, Unlike other Aim companies PB has secured the funding, So no worries about wearing a tinfoil hat fully funded . With a clear path to ramping up production /revenue.
When you speak of" 2024 / 2025 will be a great Ride in years to come " I am in alliance with you there. Yes!!!
You do know we're in 2024 now tho right ??
As for worrying about Peeps not holding ?? , personally I don't care ,step changes are coming through out the year an I for one will see tue ride out.
Well Supersport, you're not really disagreeing? Does he give a f about retail investors now they're past the last dilution?
You can choose to buy the sing-and-dance show re. how well they're connected to T&T government; or you can choose to look at the actions since they speak louder than words. PB has made a fool out of himself re. the price negotiations; delaying Cascadura 200 mmcf/day hardly impresses the government or build TXP negotiation power and then there's all the f'ing around with land swaps and new licences that tells me, that TXP and T&T not are dancing the same dance.
We agree on the coming years though. 2024 & 2025 will be a great ride (and I just hope people f'ing HOLD and don't sell on the first great RNS we get - just let it ride back to 1.6 CAD, which I'm sure will happen during the coming 6 months).
Strum I have to disagree with your chronology
TXP are on fantastic terms with the T&T Goverment ,
Creating Employment ,charitable events & best of of all,they need our Gas which is in short supply.
As for the Market Cap TXP have increased out loan agreement ,securing our 2024 Drill to Fill programe.
throughout the year an Years to come.
Which intern increasing our production enormously & Moving our Market Cap North
You don't build a hse an then ask for a loan.
Smassher you have a good point but Cass 2 is a whopper with the thickest gas charged sands found to date, so probably bigger an better than cass 1.
Cass 2 we know has proved up the pool on our far easten boundry (Delineation Well),none of this is priced in. Pb was clearly happy on his last presentation.
We're very soon to be notified on perfs .stablised larger Choke over at deep an of course the outcome of cass 3 proving up the site once more.
There so much to come anytime from now, all leading up to q3 which will make this blow.
Honestly, you can't apply logic to this. PB isn't interested (anymore) in the SP - which is ofc. a problem for shareholders and long term value creation. Terms on loans would be better with a bigger market cap. Impact and power re. negotiations with T&T government would be better. Shareholder protection vs. take overs would be better. Maybe even his salary would be better. But he just don't give a f about private investors IMHO.
What is stopping them from testing the 2 Casca c wells once second one is complete instead of waiting till around September. They have the money.
If they tested now and they are as good as Casca 1 then the share price we reflect that good news while also shining a big light on the company, and also gain some trust again with the market. This could also get another boost when they come online. How long does it take to change a choke or pref a well and yes of course the flow rate could take sometime to stabilise.
They could have possibly tested that first well by now and ready for the next one.
Next Q A
"Hi Paul do you think you could possibly Notify us shareholder's on Eerrr sweet f all , before you reach depth or know the results of perfs or production rates. Maybe throw in the date of next proposed Spud
May be tell us what the weather like .
Yeah really having a great day over at 88E I was in for the news, not selling until 2nd test area results come back in within next 10-15 days...
I know TXP is the real deal but the news flow is feast or famine, know this will do great things in the coming 6 months, so long and strong here with Touchstone :-)
Couldn't agree more. Txp just does not advertise to shareholders by Rns on f... all till after its done . So hardly a lift in share price build up to news.
All seems a bit strange as if they just don't want the share price up. Shocking communication from Txp towards it's shareholders and market.
They want you to invest but fail to keep us informed .
Kept in dark and feed on sh..
Surely there get spiked , were be reaching new strong platforms North throughout the year on News .
Gl to them ,we all pay.our money an take our chance.
88E £108M market cap, i thought it was the first of April yesterday!
Herd ...
Fantastic to see !! Good luck to 88e .
They have the heard .
We however have the chance to load up at these ridiculous prices .
TXP is a sleeping Giant
88E up 28% on 70 boe, why, could it be to do with news flow.
One RNs on operations commenced, second RNs operations update, third Rns on oil flows on ONE DRILL for 70 boe.
We have had three drills with expected thousands of BOE and total silence, market is not even aware of our goings on.
There is more news on mud pool in T&T.
88E OIL DISCOVERY 70 barrels of oil a day 88 million mkt capt you could not make it up